On July 1, 2026, clinical-stage uterine-health company Rejoni announced it had closed $25 million in financing to prepare the commercial launch of its lead product, the Juveena Hydrogel System, ahead of anticipated FDA approval. The round drew a syndicate including ClavystBio, Amed Ventures, Ascension Ventures, Catalyst Health Ventures, Delos Capital, FemHealth Ventures, Iyengar Capital and Sparta Group, as reported by Femtech Insider and Pulse 2.0 alongside the company's own Business Wire release.

Why It Matters

Intrauterine adhesions are an underserved cause of infertility, chronic pelvic pain and painful sex, and there are few purpose-built tools to prevent them after uterine surgery. A funded, FDA-track device from a founder with a proven hydrogel exit signals that investors increasingly see reproductive-surgery adjuncts — not just consumer femtech — as a fundable category. For the sexual- and reproductive-health field, Juveena represents the maturation of femtech into regulated, procedure-based medicine with clear fertility and quality-of-life stakes; its FDA outcome will be a bellwether for whether "women's health hardware" can clear the clinical and reimbursement bar that consumer devices often can't.

Juveena is designed to support endometrial healing inside the uterine cavity after intrauterine surgery. Using a proprietary transcervical catheter, clinicians place a soft, temporary hydrogel spacer in the uterus during recovery, with the aim of reducing the incidence and severity of intrauterine adhesions (IUAs) — scar tissue and a leading complication of intrauterine surgery that can cause pelvic pain, menstrual irregularities and infertility. The company frames the product as addressing a long-neglected corner of women's health; CEO John Nealon said the financing positions Rejoni to "move quickly when Juveena is approved," with proceeds directed toward scaling manufacturing and supply, market access, and physician and patient engagement.

Rejoni carries notable pedigree. It was founded in 2020 by serial medtech entrepreneur Amar Sawhney, whose prior companies include Confluent Surgical, Ocular Therapeutix and Augmenix — a track record built largely on hydrogel and bioresorbable-spacer technology now being pointed at the uterus. Juveena remains pending FDA approval and is not yet available for sale, so the raise is explicitly a pre-commercial readiness round rather than a revenue story.

The deal lands amid a busy stretch for reproductive-health financing — Materna Medical's $5M pelvic-floor round and Contraline's $92.5M male-contraceptive Series B are both recent archive entries — and it extends femtech's move beyond apps and wearables into procedural, FDA-track medical devices addressing surgical complications that directly bear on fertility and sexual health.

Sources

Update — 2026-07-05

Initial entry — story first created.