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Expanding Benefits: Kindbody Lands $32M Series B To Grow In US

, a health and technology company providing fertility, gynecology and family-building care, raised $32 million in Series B funding to expand its footprint in the United States and internationally through both brick-and-mortar locations and its “Center of Excellence” network of partner clinics, the company said Wednesday in a written statement.

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led the new round of funding with participation from existing investors , and Freemark Capital, and new investors, including , , and . The Series B brings Kindbody鈥檚 to $64 million since it was formed in 2018. The company raised its in 2019.

Kindbody, founded by CEO , leverages technology to deliver end-to-end services鈥攃osting up to 30 percent less than other fertility benefit programs鈥攆rom preconception through postpartum, serving as both a provider and network solution. Its offerings include fertility treatments, gynecology, wellness and LGBTQ+ services.

The New York-based company already has a presence in more than 180 Kindbody and Center of Excellence locations.

“You must be in the provision of services鈥攊n the actual care delivery business鈥攖o effectuate change in member experience, outcomes and costs. Sophisticated employers know this and are helping to drive change, utilizing their buying power to control costs,” said Bartasi in a written statement. “The funds allow us to scale the infrastructure, in terms of people and process, required to execute on large accounts, and we’re adding depth to our outstanding team at almost every level.”

Fertility and reproductive health is one of the areas in which we have seen investment dollars flow recently. In November 2019, we reported on Kindbody, and, all companies in the space that were raising funds. In May, we reported on , a London-based social network for women, which raised a $12 million Series A, as well as an article on raising a $24 million Series A and securing a $2.7 million seed round.

, managing director of Perceptive Advisors, said in a written statement that the firm has followed Bartasi鈥檚 career and sees her ability to grow Kindbody, especially during the global pandemic.

“June’s patient volume is up 30 percent from pre-Covid levels鈥攚hich speaks to the resilience of the business, and the interest from employers, which we see as a huge opportunity going forward,” she said.

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