USA – Legacy, a Boston, MA-based digital fertility clinic for people with sperm, raised a $25M Series B funding round.
The round, which brings total funding to $45M, was led by Bain Capital Ventures with participation from existing investors FirstMark Capital, Section 32 and TQ Ventures, as well as new investors including Valor Equity Partners.Founded in 2018 by Khaled Kteily, Legacy gives customers access to sperm analysis, DNA fragmentation and sperm freezing all from their home. The company sends customers an at-home sperm testing kit and offers sperm analysis, DNA fragmentation and cryopreservation for the samples. To ensure cryofreezing, Legacy engages in post-thaw analysis.As part of the experience, customers receive personalized lifestyle recommendations to improve fertility, and access to virtual appointments with medical professionals to discuss results and care plans. Legacy also offers its own male fertility supplements created by urology experts with research-backed ingredients to support healthy sperm production, hormone health and overall fertility.The company intends to use the funds to double its headcount and scale its offerings beyond sperm testing, freezing and fertility support. They will also launch Legacy Labs: physical labs that allow customers to receive same-day, at-home service. Legacy Labs are specifically designed for individuals beginning surgery or fertility-compromising treatments for illnesses like cancer, and need to bank sperm immediately.In partnership with the Military Family Building Coalition and as part of the Tadpole Project, Legacy offers active duty members of Naval Special Warfare, including SEALs, Special Warfare Combatant Craft Crewman and Explosive Ordnance Disposal personnel, free access to its privacy-protected, at-home sperm testing with one year of complimentary cryopreservation service.Legacy’s services are covered for approximately 8M lives through partnerships with all of the leading fertility benefits providers and an additional 12M lives through insurance contracts in California, New York, and New Jersey with insurers like Aetna, Cigna, and UnitedHealthcare. Founded in 2018 out of the Harvard Innovation Labs, Legacy is a Y-Combinator backed startup. Celebrity investors in the company include Justin Bieber, The Weeknd, Orlando Bloom and DJ Khaled. 12/05/2022
