Folx Health Raises $30M In Series B Funding Led By 7Wireventures; Launches Expert-Led Support Groups For Lgbtqia+ Community

Oct 12, 2022•about 3 years ago

Amount Raised

$30 Million

Round Type

series b

BostonHealthcare

Description

FOLX Health, the first digital healthcare service provider designed by and for the medical needs of the LGBTQIA+ community, today announced $30 million in new financing led by 7wireVentures, with participation from new investor Foresite Capital and existing investors, including Bessemer Venture Partners, Define Ventures, and Polaris Partners. Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join FOLX Health's Board of Directors. With this capital, FOLX Health will continue expanding its best-in-class platform to service members, self-insured employers and their dedicated employee population.

Company Information

Company

FOLX HEALTH

Location

ONE BOSTON PLACE, SUITE 2600

Boston, Massachusetts, United States

About

Launched in December 2020, FOLX Health is an LGBTQIA+ healthcare service provider built to serve the community's specific needs. The company delivers a new standard of healthcare that's built to serve LGBTQIA+ people, rather than treat them as problems to be solved. FOLX Health provides end-to-end virtual primary care, HRT, PrEP, care navigation, content, and community through a diverse network of queer and trans-specialized providers. In January 2021, FOLX Health established the FOLX HRT Care Fund which redistributes financial resources from allies inside and outside of the LGBTQIA+ community to support trans, nonbinary, and intersex folks to access hormone replacement therapy care through FOLX.

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Folx Health Raises $30M In Series B Funding Led By 7Wireventures; Launches Expert-Led Support Groups For Lgbtqia+ Community

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