Once dismissed as a “whoo whoo" type of practice, the doula industry is shifting and growing into something huge. In 2013 a study found that women at risk for adverse birth outcomes were less likely to have complications with a doula by their side, and in 2014, the American Congress of Obstetricians and Gynecologists acknowledged the doula as one of the most effective tools to improve birth.
In 2016, Renee Wang sold her home in Bejing for $500,000 to fund her company, CastBox. Two months later, she landed her first investment. Just a half hour after hearing her pitch, she was offered one million dollars. By mid-2017, CastBox raised a total of $16 million in funding. CastBox's user numbers at that point? Seven million. Fast forward to today. Renee Wang of CastBox announces a $13.5 million Series B round of financing, bringing her funding total to a tidy $29 million. CastBox is now serving more than 15 million users.