Exclusive: Fertility player Kindbody gets $100M at $1.8B valuation
Summary
Kindbody is using the funds to acquire additional virtual health and fertility companies and open 10 new locations, including in Seattle, Brooklyn, Miami, Philadelphia and Californias East Bay. "Of note: Bartasi says Kindbody expects to be "ready when the markets open back up in 2024," when asked about the companys previously stated intent to go public.State of play: Fertility startups banked a record $424 million in the last quarter of 2021, per a Rock Health report. Maven Clinic, the first maternal and family health startup to reach coveted unicorn status, last fall collected $90 million in Series E funds. To predict someones success conceiving, Kindbody assesses factors including male infertility, a womans age and pregnancy history, and her levels of anti-mullerian hormone (AMH), which corresponds to egg count, and follicle-stimulating hormone (FSH), which stimulates egg production.What shes saying: "The only way you can improve the patient experience, increase outcomes and reduce costs is to be in the provision of care," says Bartasi.By the numbers: Kindbody provides benefits to 112 companies and sees roughly 7,200 patients a month. 88% of its physicians are women and more than half identify as Black, Indigenous or people of color (BIPOC).\U0001f6c1 One fun thing: Kindbodys clinics are designed not to look like a traditional doctors office.