Kindbody, a fertility clinic network, and family-building benefits provider has announced it raised $100 million in capital to support future growth. The funding comes from Perceptive Advisors, bringing Kindbody’s total equity and debt funding to more than $290 million and its valuation to $1.8 billion.
The funding will allow Kindbody to expand and add new clinics in underserved US markets, invest in operations to enhance its care model, and deliver affordable and accessible fertility care.
Kindbody was founded in 2018 to provide affordable fertility care in the US, which is currently fragmented, inequitable, expensive, and inaccessible to most. The company is the only family-building benefits provider that owns and operates fertility clinics, saving employers up to 30% by contracting directly with them to provide comprehensive virtual and in-person care to their employees.
Kindbody has grown significantly in the past year and added 42 large employer clients in 2022, including Walmart. The company made three strategic acquisitions, more than doubling its national clinic footprint, adding genetic testing and carrier screening to its care delivery model, and expanding its continuum of care with a gestational surrogacy agency. Today, Kindbody owns and operates 31 clinics nationwide, and plans to open ten new clinics in 2023 in underserved markets with the greatest demand for affordable, high-quality fertility healthcare.
Gina Bartasi, Founder and Chairwoman of Kindbody, said that high-quality fertility care has been available to only a privileged few for far too long, and with the support of Perceptive Advisors, Kindbody is positioned to help everyone realize their dream of becoming a parent by making high-quality fertility care affordable and accessible for all. Perceptive’s Portfolio Manager, Sam Chawla, said that Kindbody’s differentiated care delivery model, focused on exceptional patient experience and outcomes at a reduced cost for employers and patients, positions it to meet the urgent need for better fertility healthcare solutions.
