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Kindbody Announces $100 Million In New Funding To Further Accelerate Growth

Mar 02, 2023almost 3 years ago

Amount Raised

$100 Million

New York

Investors

Perceptive Advisors

Description

Kindbody, a leading technology-driven fertility clinic network and family-building benefits provider for employers, today announced it raised $100 million in capital from Perceptive Advisors, a leading life sciences investment firm, to support future company growth. The latest financing brings Kindbody's total equity and debt funding to more than $290 million, and its valuation to $1.8 billion, solidifying its position as the largest women-owned fertility company serving employers and consumers. This financing allows the company to continue to execute on its vision of affordable and accessible fertility care, by adding new clinics in underserved U.S. markets and by investing in operations to further enhance its care model which is designed to deliver industry-leading clinical outcomes.

Company Information

Company

Kindbody

Location

120 5TH AVE FL 5

New York, New York, United States

About

Kindbody is a leading fertility clinic network and family-building benefits provider for employers offering comprehensive virtual and in-person care. Kindbody delivers a seamless, integrated experience with superior health outcomes at lower cost, making fertility care more affordable and accessible for all. Kindbody is the trusted employee benefits solution for more than 100 employers covering 2.4 million lives. If you would like to learn more about why companies choose Kindbody to deliver the best patient experience, drive down healthcare costs, attract and keep great talent, and build an inclusive workplace please reach out to solutions@kindbody.com

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech