Fellow Well being simply raised $24 million in a Sequence B funding spherical, bringing its money haul throughout a number of choices to $48 million. The San Leandro, California startup advances male reproductive well being by way of “patient-centric testing options” and plans to make use of the capital infusion to develop its mail-in semen evaluation providers.
Fellow Well being offers medical grade, mail-in evaluation of male fertility and post-vasectomy standing whereas committing to “privateness, comfort and well timed outcomes.” Italready has a community of greater than 2,500 fertility and urology suppliers nationwide and needs to “deepen its footprint” by way of growth into employer-sponsored fertility advantages and “broader entry initiatives.”
Do not Miss:
5AM Ventures led the most recent funding spherical, by which asset administration agency Forest Highway participated for the primary time. Forest Managing Companion of Life Sciences Invoice Burkoth will be a part of Fellow’s board as a part of the financing deal. Different traders for the reason that preliminary spherical embody Labcorp Enterprise Fund, Genoa Ventures and Mantis Enterprise Capital.
“Fellow Well being is strictly the sort of firm we search for – working in a big, ignored market that is lengthy overdue for disruption,” Burkoth mentioned in an announcement. “With over 50,000 take a look at outcomes delivered up to now this yr, they’ve confirmed there’s actual demand for a greater affected person expertise.”
Stay sperm will get counted in fertility evaluation. These cells can reside three to days inside the cervix, uterus and fallopian tubes, however normally die in below an hour exterior a girl’s physique. The mail-in service addresses this time bomb with a “preservation resolution designed to stabilize your pattern and a gel pack that helps keep a average temperature throughout transit.” Mail-in post-vasectomy testing is much less time important as a result of it counts each residing and lifeless sperm.
Trending: ‘Scrolling To UBI’ — Deloitte’s #1 fastest-growing software program firm permits customers to earn cash on their telephones. You possibly can make investments in the present day for simply $0.30/share.
Fellow Well being factors to research backing up its declare that it could present “outcomes on par with conventional one-hour semen evaluation when analyzing samples obtained inside 52 hours of after they had been produced.” It sells each testing merchandise and a cryopreservation service with no physician’s prescription at its web site.
