Startup Wire

Startup

wire

Startup

wire

Startup

wire

Twentyeight Health Secures $10M to Expand Access to Women’s Healthcare

Latest Post

Google Unveils Gemini 2.0: Boosting AI with Superior Reasoning
AI
Google Unveils Gemini 2.0: Boosting AI with Superior Reasoning
Protex AI Raises $36M to Enhance Worker Safety at Amazon, Tesla, and Beyond
Protex AI Raises $36M to Enhance Worker Safety at Amazon, Tesla, and Beyond
Neofin Raises $7M to Transform Accounts Receivable in Brazil
Neofin Raises $7M to Transform Accounts Receivable in Brazil
Hitachi Ventures Launches $400M Fund to Drive Innovation in AI, Energy, and Life Sciences
vc
Hitachi Ventures Launches $400M Fund to Drive Innovation in AI, Energy, and Life Sciences
Miist Therapeutics Raises $7M to Develop Instant-Acting Medicine
Miist Therapeutics Raises $7M to Develop Instant-Acting Medicine
Astra Security Raises $2.7M to Bolster AI-Powered Penetration Testing
Astra Security Raises $2.7M to Bolster AI-Powered Penetration Testing

Founded in 2018, Twentyeight Health is a digital-first women’s healthcare platform providing convenient, affordable, and stigma-free reproductive and sexual care. It is focused on underserved communities and provides health services for all women, in all 43 states where the company operates.

Twentyeight Health Secures $10M to Expand Access to Women's Healthcare
image credit: Twentyeight health

On January 7, 2025, Twentyeight Health said it had closed a $10 million Series A funding round. The round was led by Seae Ventures, with participation from Impact America Fund, The Social Entrepreneurs’ Fund, RH Capital, Impact Engine, Gratitude Railroad, and Townhall Ventures. This latest investment brings the company’s total funding to $25 million.

Read also: Deciphex Secures $32.3M to Alleviate Global Pathology Shortage

Strategic Objectives for the Funding

Newly won capital will be targeted to finance a few strategic objectives: Expansion of Services Twentyeight Health intends to expand the number of services available to people with regards to reproductive and sexual health. Such services will include different forms of birth control, emergency contraceptives, herpes medication, pregnancy testing kits, condoms, sanitary towels, and prenatal vitamins.

  • Improving user experience: Funds will be committed to enhancing the user interface as well as improving the overall platform experience so women from all walks of life easily access healthcare.
  • New partnerships: The company hopes to establish more partnerships with Medicaid insurers to enhance its reach into more people to offer care for a larger segment of the population.

Challenge of Healthcare Access

A large proportion of American women are unable to access reproductive health services, and this is true for the 19 million living in contraceptive and maternity care deserts. Twentyeight Health seeks to fill the gap by offering services that accept almost every commercial and Medicaid plan, often delivering care with a $0 co-pay and $0 prescriptions.

  • Immediately after the presidential election of November 5, user interest on Twentyeight Health surged as follows:
  • 52% rise in conversion in general, more users have been able to sign up for and use services from the site.
  • 10% increase in traffic visiting the website for accessing available healthcare options

The number of sales for emergency contraceptives is double as their demand is greatly increased on the site.

Read also: Axial3D Secures $18.2 Million to Revolutionize Personalized Surgical Solutions

Commitment to Underserved Communities

Twentyeight Health’s mission is to serve women from underserved, hard-to-reach communities:

  • Income Demographics: Half of the platform’s users earn less than $20,000 per year, making it important to accept Medicaid and offer affordable care options. 
  • Diverse User Base: Approximately three in five users are identified as people of color, and two in five have no other primary care provider outside the platform, reinforcing the importance of the platform to these users as a source for needed healthcare 

Future Outlook

With the additional funding and strategic partnerships, Twentyeight Health is now set to further enhance its services and expand its outreach toward making it possible for as many women in the United States, irrespective of geography, income, race, age, or coverage status, to access essential reproductive and sexual healthcare. PR NEWSWIRE

 

Related Post

Rad AI has secured $60M elevating its valuation to $525M
Rad AI has secured $60M elevating its valuation to $525M
Medsender Secures $5M to Revolutionize Healthcare Workflow Automation
Medsender Secures $5M to Revolutionize Healthcare Workflow Automation
KODE Health Raises $27M to Transform Medical Coding and Data Management
KODE Health Raises $27M to Transform Medical Coding and Data Management
Hone Health a Telehealth Men's Wellness with a $33 Million Funding Milestone
Hone Health a Telehealth Men's Wellness with a $33 Million Funding Milestone
Sycai Medical raises €3M to Enhance Early Detection of Abdominal Cancers
Sycai Medical raises €3M to Enhance Early Detection of Abdominal Cancers
Neko Health Secures $260M to Transform Preventive Healthcare with AI-Driven Full-Body Scanning
Neko Health Secures $260M to Transform Preventive Healthcare with AI-Driven Full-Body Scanning

2 thoughts on “Twentyeight Health Secures $10M to Expand Access to Women’s Healthcare”

  1. Pingback: UK-based healthcare startup cera has raised $150M at over $1 billion valuation

  2. Pingback: Rebellyous Foods a plant-based meat has raised $2.4M in funding

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top