Daré Bioscience

Daré Bioscience

DARE
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Private Company

Total funding raised: $70M

Market Cap: $40.4MFounded: 2015Employees: 11-50HQ: San Diego, United States

Overview

Daré Bioscience is a mission-driven biotech dedicated to closing the care gap in the historically underfunded field of women's health. Its strategy centers on developing and commercializing novel, often non-hormonal products through rigorous clinical development, with its first FDA-approved product, DARE to PLAY™ (Sildenafil Cream), now available via telehealth. The company's pipeline is broad, targeting key life stages from contraception to menopause, and is supported by strategic government funding, including a $10 million ARPA-H contract for its HPV program.

Women's HealthSexual HealthContraceptionMenopauseInfectious Disease

Technology Platform

A development strategy focused on the repurposing/reformulation of known pharmacological agents for novel female-specific indications, with an emphasis on localized/topical administration and rigorous clinical validation as a key differentiator.

Funding History

4
Total raised:$70M
PIPE$25M
Series C$15M
Series B$20M
Series A$10M

Opportunities

The company operates in the vast, underserved women's health market, with multiple late-stage clinical catalysts and its first product now commercially launched.
Non-dilutive government funding for its HPV program provides validation and extends cash runway.

Risk Factors

High execution risk as a micro-cap company with limited resources for commercialization and clinical development.
Heavy reliance on future capital raises likely leading to dilution.
Clinical trial failures or slow market adoption of its approved product pose significant threats.

Competitive Landscape

Faces competition from both established pharmaceutical products and direct-to-consumer wellness brands. Differentiates through rigorous clinical science, a pure-play focus on women's health, and a strategy of repurposing drugs for novel, localized applications in this specialty.

Company Timeline

2015Founded

Founded in San Diego, United States

2017Series B

Series B: $20.0M

2021PIPE

PIPE: $25.0M