Afaxys Secures $8 Million to Advance Mission and Accelerate Growth Strategy
Summary
Afaxys secured $8 million in new funding from two foundations to support its mission and growth strategy. The capital includes a $3 million program-related investment from the David and Lucile Packard Foundation and a $5 million grant from an anonymous foundation. Afaxys says the money will help complete development of a novel contraceptive product and expand access for underserved communities. The company also highlights its national distribution infrastructure and its role in supplying public health clinics with stable pricing and reliable access.
Funding
Amount
$8.0M
Total raised
Date
August 4, 2025
Announcement date
Investors
The David & Lucile Packard Foundation
Lead investors
Company
afaxys.com
Funded company
Classifications
industries
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applications
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