Twentyeight Well being, a digital ladies’s well being firm, has secured $10 million in Collection A funding and launched new Medicaid partnerships with Aetna, AmeriHealth and Molina, the corporate introduced on Tuesday.
New York Metropolis-based Twentyeight Well being operates in 43 states and affords telemedicine consultations, at-home deliveries and entry to suppliers for providers like contraception and herpes therapies. The corporate accepts industrial and Medicaid insurance coverage and affords a self-pay choice. Its identify derives from the 28 days in a girl’s menstrual cycle, in keeping with Bruno Van Tuykom, CEO and co-founder of Twentyeight Well being.
The corporate’s $10 million Collection A spherical was led by Seae Ventures and included participation from Influence America Fund, The Social Entrepreneurs’ Fund, RH Capital, Influence Engine, Gratitude Railroad and Townhall Ventures. So far, Twentyeight Well being has raised $25 million.
“Elevating $10 million on this financial local weather is not any small feat, reflecting each the resilience and relevance of Twentyeight Well being’s mission,” stated Arianne Kidder, accomplice at Seae Ventures, in an announcement. “With Medicaid spending $200 billion yearly on ladies’s well being for reproductive age ladies, we see actual potential within the firm’s platform and method. However this isn’t simply in regards to the market alternative; it’s about backing an organization tackling an pressing downside in a sensible, scalable, quality-driven method.”
Twentyeight Well being will use the financing to help its development, spend money on its payer partnerships and make further acquisitions. The corporate has already made affected person asset acquisitions of SimpleHealth and a part of The Capsule Membership.
The startup additionally introduced new Medicaid partnerships with Aetna, AmeriHealth and Molina. Van Tuykom instructed MedCity Information that Twentyeight Well being is on a quest to serve all ladies, together with these on Medicaid, those that have industrial insurance coverage and those that are uninsured or underinsured. It at present accepts Medicaid in about 30 states and nearly each industrial plan.
In the end, Twentyeight Well being hopes to have the “greatest influence on entry to ladies’s well being,” Van Tuykom stated. It goals to serve ladies in all states from contraception to menopause, and supply further providers like skincare and psychological well being.
“That’s our North Star,” Van Tuykom acknowledged. “In follow, which means we’re in 43 states, we wish to get to 50 states. We proceed to broaden services in order that our customers can discover 50%, 70%, 90% of wants lined by Twentyeight. There are all the time going to be issues which might be higher suited in individual, however there’s a lot that we are able to do as a digital supplier. We wish to make Twentyeight obtainable and related to each single girl within the nation.”
There are a number of different digital ladies’s well being corporations as properly, together with Maven Clinic and Hers. Van Tuykom stated Twentyeight differentiates itself by serving Medicaid and the underserved inhabitants, although it’s price noting that Maven Clinic additionally works with Medicaid plans.
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