RH Capital, a leading women's health venture capital fund, has closed an investment in Planera's $9.5 million seed round, led by Valo Ventures. Planera is developing the first certified flushable and 100 per cent biodegradable menstrual pad, addressing environmental concerns regarding microplastics, adhesives, and other chemicals which contribute to over 3 million tons of waste per year.

RH Capital focuses on improving access, affordability, choice and health outcomes for women in the US and beyond. Besides Planera, RH Capital has also invested in Cayaba Care and Cirqle Biomedical, bringing the fund's current portfolio to twelve companies, the company said in a statement.

"RH Capital is proud to partner with Cayaba, Cirqle, Planera, and all of our portfolio companies that share our commitment to ushering in the next generation of innovations that will improve the health and wellbeing of women in the US," said Stasia Obremskey, managing director of RH Capital.