Twentyeight Health, a telehealth company that provides affordable access and convenience for reproductive and sexual health, has raised $8.3 million in Pre-Series A funding. RH Capital, Seae Ventures, Impact Engine, Acumen America, Stardust Equity, Gratitude Railroad, California Health Care Foundation, Penn Medicine-Wharton Fund for Health, and Great Oaks Venture Capital were among the mission-driven funds that participated in the round, as were strategic angel investors such as Andrey Ostrovsky, former Chief Medical Officer of the US Medicaid Program, and Elina Onitskansky, former SVP & Head of Strategy at Molina. SteelSky Ventures, Third Prime, Town Hall Ventures, GingerBread Capital, and Algaé Ventures were among the previous investors in Twentyeight Health.
“Telehealth has incredible potential to improve healthcare for all, but according to data from both Rock Health and the American Journal of Preventive Medicine, telehealth in the U.S. is used primarily by wealthier Americans living in urban areas,” said Amy Fan, co-founder of Twentyeight Health. “Twentyeight Health is defying this trend as the first women’s virtual healthcare platform supporting the full spectrum of patients, focusing on inclusive care for medically underserved groups including lower-income individuals and BIPOC communities.”
“Over 55% of Twentyeight Health’s users are from low-income backgrounds, 58% identify as BIPOC and over 60% didn’t have prior access to prescribed birth control methods. With this new funding, we look forward to showing the world that telehealth can play an important role in expanding access to equitable care.”- Added Bruno Van Tuykom, co-founder of Twentyeight Health.
Twentyeight Health has raised this capital during a period of rapid growth for the company. Twentyeight Health has expanded across the United States in the last two years, growing from six to 34 states and covering more than 85 percent of women of reproductive age. Twentyeight Health also launched a Spanish language platform to make its telehealth services more accessible to the United States’ over 40 million native Spanish speakers, and expanded its telehealth services beyond birth control to include herpes treatment, prenatal vitamins, and the morning after pill. Twentyeight Health plans to use the new funds to expand its geographic footprint, expand payer partnerships, and provide more women’s health care services.
