Male fertility startup Legacy scored $25 million in a Sequence B funding spherical led by Bain Capital Ventures.
Different traders collaborating within the increase embody FirstMark Capital, Part 32 and TQ Ventures and Valor Fairness Companions.
Legacy stated the most recent spherical brings its complete increase to $45 million, constructing on a $10 million Sequence A introduced final yr and a $3.5 million funding from early 2020.
WHAT IT DOES
The male fertility startup provides at-home sperm testing kits, semen evaluation and cryopreservation. Customers can order a check on-line and have it delivered to their properties, the place they accumulate a pattern and schedule a pickup for evaluation.
Legacy checks the pattern and supplies a report, together with life-style suggestions. Clients can arrange telehealth appointments with clinicians to debate outcomes and subsequent steps.
“Bringing life into this world is likely one of the biggest joys individuals can expertise of their lifetime, however household planning might be daunting – and at instances feels hopeless,” CEO and founder Khaled Kteily stated in a press release. “Our aim is to remove the ache factors concerned, make the expertise human, relatively than scientific, and assist everybody create the households they need when they need.”
WHAT IT’S FOR
With the Sequence B, Legacy plans to double its variety of workers and increase its choices past testing, preservation and fertility assist.
It is going to additionally launch a brand new effort, dubbed Legacy Labs. The corporate stated the bodily labs will permit for same-day, at-home service geared towards clients who’re planning surgical procedures or therapies which will have an effect on fertility and have to protect sperm extra rapidly, like most cancers sufferers.
MARKET SNAPSHOT
Fertility and reproductive companies are a rising market, although many choices are targeted on feminine fertility. Extra employers are additionally together with fertility care as a profit for his or her employees.
One other participant growing its give attention to the fertility house is direct-to-consumer digital care firm Ro, which in March introduced it had acquired male fertility startup Dadi. A few yr in the past, Ro additionally acquired one other fertility and reproductive health-focused firm, Trendy Fertility.
In February, hybrid fertility firm Kindbody introduced plans to amass Vios Fertility Institute, a community of fertility clinics. In the meantime, Proov, one other fertility testing startup, introduced it had scooped up $9.7 million in Sequence A funding in December.
