Fertifa Secures £5 Million Funding to Expand Reproductive Health Benefits Platform
June 30, 2023
Fertifa, a London-based startup, is making waves in the realm of employee well-being by focusing on reproductive, hormonal, and sexual health. Founded in 2019 by Tony Chen and Nick Kuan, the company has garnered attention for its innovative workplace platform, which provides advice and support for a wide array of reproductive issues.
With the recent announcement of a £5 million seed round, led by Notion Capital and Triple Point Ventures, Fertifa is poised for further expansion. This funding will not only fuel the growth of its platform but also facilitate the launch of additional services, including treatment financing.
The significance of Fertifa's work is underscored by its remarkable success in the past year. The company's revenues have skyrocketed, increasing tenfold, while simultaneously saving patients over £1.5 million through employer-funded allowances. Moreover, Fertifa has demonstrated its commitment to compliance, identifying ineligible claims and saving employers nearly £250,000 in the process.
The need for such services in Europe is undeniable. Manuel Antunes, Investment Manager at Triple Point Ventures, highlights the existing care gap in reproductive health and emphasises Fertifa's leadership in addressing this issue. He notes that while reproductive health has often been overlooked by public health systems and private insurance plans in Europe, Fertifa is pioneering a new approach.
Eileen Burbidge, Executive Director of Fertifa, shares her personal motivation behind the company's mission. Having navigated various reproductive health journeys herself, Burbidge understands the importance of workplace support. She envisions a future where individuals feel empowered to make informed decisions about their health, with the backing of their employers.
Fertifa's impact extends beyond individual employees to the companies they serve. By offering reproductive health benefits, businesses can enhance their attractiveness as employers and foster diversity, equity, and inclusion. This aligns with Fertifa's goal of enabling more companies across Europe to prioritise employee well-being.
The startup's client roster already includes prominent names like Lululemon, Meta, Bain Capital, and Virgin, reflecting the growing demand for reproductive health benefits in the workplace. With its recent funding round, Fertifa is well-positioned to further expand its reach and solidify its position as a leader in the field.
In addition to its core services, Fertifa distinguishes itself through its comprehensive offering, which includes educational resources accessible through a dedicated app and clinical services led by medical experts. This holistic approach sets Fertifa apart from other providers in the space and underscores its commitment to delivering exceptional care.
Looking ahead, Fertifa remains focused on its mission of providing accessible reproductive healthcare to individuals across Europe. With the support of investors and partners, the company is poised to drive meaningful change in the realm of employee well-being, one workplace at a time.