Legacy Raises $25M in Series B Funding

Legacy, a Boston, MA-based digital fertility clinic for individuals with sperm, raised a $25M Series B funding spherical.

The spherical, which brings complete funding to $45M, was led by Bain Capital Ventures with participation from current traders FirstMark Capital, Section 32 and TQ Ventures, in addition to new traders together with Valor Equity Partners.

Founded in 2018 by Khaled Kteily, Legacy offers prospects entry to sperm evaluation, DNA fragmentation and sperm freezing all from their residence.

The firm sends prospects an at-home sperm testing equipment and provides sperm evaluation, DNA fragmentation and cryopreservation for the samples. To guarantee cryofreezing, Legacy engages in post-thaw evaluation.

As a part of the expertise, prospects obtain personalised way of life suggestions to enhance fertility, and entry to digital appointments with medical professionals to debate outcomes and care plans. Legacy additionally provides its personal male fertility dietary supplements created by urology specialists with research-backed components to assist wholesome sperm manufacturing, hormone well being and general fertility.

The firm intends to make use of the funds to double its headcount and scale its choices past sperm testing, freezing and fertility assist. They will even launch Legacy Labs: bodily labs that permit prospects to obtain same-day, at-home service. Legacy Labs are particularly designed for people starting surgical procedure or fertility-compromising therapies for diseases like most cancers, and have to financial institution sperm instantly.

In partnership with the Military Family Building Coalition and as a part of the Tadpole Project, Legacy provides energetic responsibility members of Naval Special Warfare, together with SEALs, Special Warfare Combatant Craft Crewman and Explosive Ordnance Disposal personnel, free entry to its privacy-protected, at-home sperm testing with one yr of complimentary cryopreservation service.

Legacy’s providers are lined for roughly 8M lives by partnerships with the entire main fertility advantages suppliers and an extra 12M lives by insurance coverage contracts in California, New York, and New Jersey with insurers like Aetna, Cigna, and UnitedHealthcare. 

Founded in 2018 out of the Harvard Innovation Labs, Legacy is a Y-Combinator backed startup. Celebrity traders in the corporate embody Justin Bieber, The Weeknd, Orlando Bloom and DJ Khaled. 

FinSMEs

12/05/2022

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