Venture Capital: Fertility Facilitator Kindbody Lands $100M
Kindbody is a technology-driven fertility clinic network and family-building benefits provider for employers.
Kindbody has raised $100 million in capital from Perceptive Advisors, a leading life sciences investment firm, to support future company growth. This latest financing brings Kindbody’s total equity and debt funding to more than $290 million and its valuation to $1.8 billion, making it the largest women-owned fertility company serving employers and consumers.
The financing will enable the firm to add new clinics in underserved U.S. markets and invest in operations to deliver industry-leading clinical outcomes. (CISION PR Newswire)
Founded in late 2018, Kindbody was created to fix fertility healthcare in the U.S., which is fragmented, inequitable, expensive, and inaccessible to most. It is the only family-building benefits provider that owns and operates fertility clinics, saving employers 25%-30% by contracting directly with them to provide comprehensive virtual and in-person care to their employees.
In the past year, Kindbody has grown significantly, adding 42 large employer clients, including Walmart, and becoming the fertility benefits provider for 112 companies, covering more than 2.4 million lives.
The company made three strategic acquisitions to accommodate growth, acquiring Vios Fertility Institute, a genomics company, and a gestational surrogacy agency.
Today, the company owns and operates 31 clinics nationwide and plans to open ten new clinics in 2023 in underserved markets with the greatest demand for affordable, high-quality fertility healthcare.
“With the support of Perceptive Advisors, and our other investors, Kindbody is positioned to deliver on our vision to help everyone realize their dream of becoming a parent by making high-quality fertility care affordable and accessible for all,” said Gina Bartasi, Founder and Chairwoman of Kindbody.
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