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Simplifed Raises $6M In Seed Funding

May 11, 2022•over 3 years ago

Amount Raised

$6 Million

Round Type

seed

Ithaca

Description

SimpliFed, the telehealth platform dedicated to democratizing access to baby feeding services, announced it has closed $6M in its seed round, led by Morningside Ventures and The Venture Collective, with participation from NY Ventures, Elizabeth Street Ventures, Waterline Ventures, and 3CC. The funds will be used to further build the virtual baby feeding platform and implement and scale its unique service offering in partnership with commercial, Medicaid, Marketplace, and TRICARE health plans across the United States. “Virtual-first platforms and health data analytics hold the potential to transform care delivery, but many low-income Americans are at risk of being left behind in the digital healthcare revolution,” said Stephen Bruso of Morningside Ventures. “SimpliFed is focused on providing equitable access to feeding and lactation services to families nationwide, and we are excited to partner with the company in this meaningful endeavor.”“At The Venture Collective (TVC), we believe in the transformational power of providing high quality, personalized care, especially as it relates to parenthood,” said Cat Hernandez, partner at TVC

Company Information

Company

Simpli Fed

Location

Ithaca, New York, United States

About

“However despite the astronomical amount of capital going into digital healthcare over the last decade, a comprehensive feeding platform built for everyone has not existed until today and we’re thrilled for what SimpliFed means for moms and babies across the country. In its pre-seed round, the company secured two national contracts with TRICARE and two regional Medicaid contracts, obtained its Medicaid number in several states, grew to serve more than 24 employers through a partnership with Milk Stork, and partnered with health care systems, clinicians, and community-based organizations. “SimpliFed provides inclusive support no matter how parents feed their babies. By providing high-quality virtual care covered by insurance, the Ithaca, New York-based company envisions a world where every parent feels good about feeding their family – because baby feeding and breastfeeding is central to maternal and infant health. Founded in 2019 by Andrea Ippolito, a biomedical engineer and mom of two, SimpliFed provides evidence-based and inclusive virtual baby feeding services to everyone, no matter how they choose to feed their baby. “SimpliFed is focused on providing equitable access to feeding and lactation services to families nationwide, and we are excited to partner with the company in this meaningful endeavor.