Legacy Raises $25M in Series B Funding

legacy

Legacy, a Boston, MA-based digital fertility clinic for people with sperm, raised a $25M Series B funding round.

Bain Capital Ventures was the leader of the round. Section 32, FirstMark Capital and TQ Ventures were also present investors. Valor Equity Partners is one of the new investors.

Legacy was founded in 2018 by Khaled Khteily. Customers can access sperm analysis and DNA fragmentation from the comfort of their own homes.

Customers receive a sperm test kit at home and are offered sperm analysis, DNA fragmentation, and cryopreservation. Legacy performs post-thaw analyses to ensure cryofreezing.

Customers also receive personalized lifestyle recommendations for improving fertility. They can also access virtual appointments with medical professionals to discuss the results and plan their care. Legacy also sells its own male fertility products, which are made by urologists with scientifically proven ingredients that support healthy sperm and hormone production.

The company plans to double its staff and expand its offering beyond sperm, freezing, and fertility support. Legacy Labs, which are physical labs that provide same-day service at home, will be introduced by the company. Legacy Labs are specifically designed for individuals beginning surgery or fertility-compromising treatments for illnesses like cancer and need to bank sperm immediately.

Legacy, in partnership with the Military Family Building Coalition, offers active-duty Naval Special Warfare personnel (SEALs, Special Warfare Combatant Craft Crewman, and Explosive Ordnance Disposal staff) free access to its private, at-home Sperm Testing with one-year of complimentary cryopreservation.

Legacy’s services are covered for approximately 8M lives through partnerships with all of the leading fertility benefits providers and an additional 12M lives through insurance contracts in California, New York, and New Jersey with insurers like Aetna, Cigna, and UnitedHealthcare.

Legacy, a Y Combinator-backed startup, was founded in 2018 by Harvard Innovation Labs. The company has attracted celebrity investors such as Justin Bieber and The Weeknd, Orlando Bloom, and DJ Khaled.

Get latest news from African Startup ecosystem

Latest stories

You might also like...