Materna Medical
Summary active Updated Jul 2, 2026This profile is AI-generated. If you spot an error, please help us fix it by sharing a URL to the correct information.
Founders
About
Materna Medical is a Mountain View, California-based OBGYN platform company developing medical devices for women’s health, led by CEO Tracy MacNeal 123. Its flagship commercial product, Milli, is an FDA-cleared (2023) vaginal dilator for patients with vaginismus and related conditions causing painful sex 23. Its lead pipeline product, the Ellora Obstetrical System, is an investigational device designed to reduce pelvic floor muscle injuries during vaginal delivery for first-time mothers 123. Proceeds from the B3 round will support the readout of the Ellora EASE pivotal trial, expand Milli channel access, and build out commercial manufacturing capabilities ahead of the anticipated Ellora launch 1234.
Disclaimer: This is a lean profile built from initial round coverage and may be expanded as more information becomes available.
Funding History
| Date | Round | Amount | Lead | Co-investors |
|---|---|---|---|---|
| 2026-07-02 | B3 | $5M | InnovaHealth Partners, Wavemaker360 Health, Band of Angels | Existing investors 1234 |
What Investors Say
No independently sourced investor quotes found beyond the funding announcement coverage.
What Founders Say
“We are thrilled to be entering this next phase as we prepare for the Ellora launch, bringing an important innovation to women’s health.” — Tracy MacNeal, President & CEO, Materna Medical, quoted in the B3 financing announcement, July 2, 2026 234
Sources
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BusinessWire, “Materna Announces Successful $5 Million B3 Financing to Support Transformational Year Ahead,” June 30, 2026. Accessed July 2026. https://www.businesswire.com/news/home/20260630642501/en/Materna-Announces-Successful-$5-Million-B3-Financing-to-Support-Transformational-Year-Ahead↩↩↩↩
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Yahoo Finance (syndicated), “Materna Medical raises $5m for women’s health device portfolio,” July 2, 2026. Accessed July 2026. https://finance.yahoo.com/healthcare/articles/materna-medical-raises-5m-women-150245605.html↩↩↩↩↩↩
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Medical Device Network, “Materna Medical raises $5m for women’s health device portfolio,” July 2, 2026. Accessed July 2026. https://www.medicaldevice-network.com/news/materna-medical-raises-5m-for-women-health-device-portfolio/↩↩↩↩↩↩
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FinSMEs, “Materna Medical Raises $5M in B3 Financing,” July 2026. Accessed July 2026. https://www.finsmes.com/2026/07/materna-medical-raises-5m-in-b3-financing.html↩↩↩