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Male fertility startup Legacy raises $25M to expand offerings 2022

male fertility startup Legacy raised $25 million in a Series B funding round led by Bain Capital Ventures.

Other investors participating in the growth include Firstmark Capital, Section 32 and TQ Ventures, and Valor Equity Partners.

Legacy said the latest round brings its total growth to $45 million, building on a The $10 million Series A announced last year and has raised $3.5 million in funding since the beginning of 2020.

what does it do

The male fertility startup offers at-home sperm testing kits, semen analysis and cryopreservation. Users can order the test online and have it delivered to their homes, where they collect a sample and schedule a pickup for analysis.

Heritage tests the sample and provides a report including lifestyle recommendations. Clients can set up telehealth appointments with physicians to discuss results and next steps.

“Bringing life into this world is one of the greatest joys that people can experience in their lifetime, but family planning can be difficult – and at times, frustrating,” CEO and founder Khalid Ketley said in a statement. “Our goal is to eliminate the pain points involved, humanize the experience rather than clinical, and help everyone create the family they want.”

what is it for

With the Series B, Legacy plans to double its workforce and expand its offerings beyond testing, preservation and reproductive support.

It will also launch a new effort called Legacy Labs. The company said the physical labs will allow same-day, at-home service for customers who are planning surgery or treatments that can affect fertility and need to preserve sperm more quickly, like cancer patients. Is.

market snapshot

fertility And fertility services is a growing market, although many of the offerings focus on female fertility. More employers are also including fertility care as a benefit to their workers.

Another player increasing its focus on the fertility space is direct-to-consumer virtual care company Ro, which it announced in March Acquired male fertility startup Dadi. About a year ago, Ro also acquired another fertility and reproductive health-focused company, Modern Fertility.

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