Twentyeight Health Receives $10M Funding to Expand Services
Twentyeight Health Receives Significant Funding to Enhance Services
In a transformative moment for women's healthcare, Twentyeight Health is stepping up to ensure that women across numerous states can access essential health services without barriers. With a strong commitment to addressing the needs of underserved populations, this remarkable telemedicine provider has gained significant traction in providing reproductive and sexual healthcare.
New Funding Secures Growth Initiatives
Twentyeight Health proudly announces that it has secured $10 million in Series A funding, spearheaded by Seae Ventures, alongside notable investments from various funds. This advance boosts the company's total funding to an impressive $25 million. This new capital will be utilized to further enhance services, reach more women, and deepen its partnerships with Medicaid insurers, including major players like Aetna, AmeriHealth, and Molina.
User Interest and Engagement Surges
The company is experiencing a remarkable upswing in user interest. Following a significant political event that took place recently, Twentyeight Health documented a 52% increase in overall conversion rates, with a 10% rise in website traffic. Additionally, sales of emergency contraception have doubled, exemplifying the rising demand for accessible reproductive health resources.
Addressing Barriers in Women’s Health
Bruno Van Tuykom, the CEO and Co-Founder of Twentyeight Health, emphasizes the urgency of their mission: "45% of American women seeking reproductive health services face significant challenges in accessing care, especially the 19 million living in contraceptive and maternity care deserts. Our new funding and partnerships aim to bridge this gap, ensuring women receive the essential care they need, no matter their circumstances." This mission highlights the pressing need for equitable healthcare access across various demographic backgrounds.
Comprehensive Services for Women
Since its inception in 2018, Twentyeight Health has been on a mission to support women from underserved communities. Their platform is designed to not only provide comprehensive reproductive health services, including access to a variety of birth control methods and pregnancy testing, but also to ensure affordability. This strategy includes accepting most commercial and Medicaid plans to alleviate financial barriers for users, many of whom rely solely on these services.
Expanding Reach Across the Nation
Initially launched in just two states, Twentyeight Health has now expanded its capabilities to serve women in 43 states. This growth signifies a major leap in their operational outreach, demonstrating a commitment to changing the narrative around women's healthcare access.
Future Developments and Partnerships
Looking ahead, Twentyeight Health will continue developing partnerships to introduce more affordable, high-quality reproductive health services. As they strive to innovate and enhance the overall user experience, they are dedicated to fostering a healthcare environment that is respectful, stigma-free, and widely accessible.
Commitment to Quality and Accessibility
Arianne Kidder of Seae Ventures shared insight into the impact of this funding amid challenging economic conditions. The resiliency demonstrated by Twentyeight Health in promoting women's health solutions showcases the importance of investing in healthcare that tackles urgent issues effectively. The enormous annual spending on women's health indicates a substantial opportunity for Twentyeight Health to make a lasting impact.
About Twentyeight Health
Twentyeight Health is a pioneering digital-first women's healthcare platform that sincerely believes in making reproductive and sexual healthcare accessible and affordable for over 100,000 users. Offering telemedicine consultations and prompt at-home service deliveries, they are reshaping women's healthcare, particularly for those in marginalized communities. Additionally, Twentyeight Health accepts nearly every insurance plan, creating a reliable alternative to traditional care.
Frequently Asked Questions
What is the significance of the recent funding?
The $10 million Series A funding will enhance Twentyeight Health's services and expand its reach to more women, particularly in underserved communities.
What types of services does Twentyeight Health offer?
Twentyeight Health provides a range of reproductive health services, including access to various birth control methods, pregnancy tests, and more.
How has user interest changed recently?
Following a recent political event, Twentyeight Health saw a 52% increase in new user sign-ups and a doubling in emergency contraception sales.
Who leads Twentyeight Health?
Bruno Van Tuykom is the CEO and Co-Founder, emphasizing the mission to improve access to reproductive health services for women.
What are the future plans for Twentyeight Health?
The company plans to continually innovate and expand the services it offers, including new partnerships to improve healthcare accessibility.
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