Twentyeight Health, a leading digital-first women’s healthcare platform delivering convenient, affordable, and stigma-free reproductive and sexual care in 43 states, announced:
1.) $10 million in Series A funding led by Seae Ventures, with participation from Impact America Fund, The Social Entrepreneurs’ Fund, RH Capital, Impact Engine, Gratitude Railroad, and Townhall Ventures. And this brings the company’s total funding to $25 million.
2.) New partnerships with leading Medicaid insurers such as Aetna, AmeriHealth, and Molina.
3.) A surge of user interest after the results of the November 5th presidential election, such as a 52% jump in overall conversion, a 10% increase in website traffic, and a doubling in emergency contraception sales.
Since launching in 2018, Twentyeight Health built on its mission to support women from underserved, difficult-to-reach communities with approachable reproductive and sexual health services:
1.) Half of Twentyeight Health’s users make less than $20,000 per year, making them reliant on services that accept Medicaid. And with a strong network of payer partnerships, Twentyeight Health can often deliver care with a $0 co-pay and $0 prescriptions, and many more collaborations are on the horizon for 2025.
2.) Twentyeight Health’s services include access to multiple birth control options, abortion pills, the morning after pill, herpes treatments, and pregnancy tests, as well as condoms, menstrual pads and tampons, prenatal vitamins, and more. Many more products and services will be launched in 2025.
3.) Since launching in two states in 2018, Twentyeight Health has expanded its reach to 43 states, including Florida, Texas, Nevada, and Ohio.
4.) Three in five Twentyeight Health users are considered underserved, two in five do not see a Primary Care Provider outside of the platform, and nearly three in five identify as people of color. Before joining Twentyeight Health, 65% of users did not have access to birth control.
5.) Twentyeight Health surpassed 100,000 users in October 2024, bolstered by a partnership with Converge in Mississippi and patient asset acquisitions of SimpleHealth and a portion of The Pill Club. And after the presidential election on November 5, Twentyeight Health saw a 52% increase in new users signing up.
KEY QUOTES:
“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 where options are few. Our new funding and payer partnerships will bridge this gap, helping women receive the essential care they need, regardless of geography, income, race, age, or coverage status. At an inflection point for women’s health, we are prepared to meet the moment by continuing to invest in our user experience and expanding our reach nationwide to deliver a real solution to a growing problem.”
– Bruno Van Tuykom, CEO and Co-Founder of Twentyeight Health
“Raising $10 million in this economic climate is no small feat, reflecting both the resilience and relevance of Twentyeight Health’s mission. With Medicaid spending $200 billion annually on women’s health for reproductive age women, we see real potential in the company’s platform and approach. But this isn’t just about the market opportunity; it’s about backing a company tackling an urgent problem in a smart, scalable, quality-driven way. As the team makes meaningful strides in increasing access to essential services, we’re confident Twentyeight Health will continue standing out as a leader in digital-first women’s healthcare.”
– Arianne Kidder, Partner at Seae Ventures
