- Reproductive health startup Fertifa has raised $6.3 million in seed funding.
- The London based firm, founded in 2019, is run by prominent VC investor Eileen Burbidge.
- The startup wants to expand its product offering in the UK and in Europe.
A reproductive healthcare startup run by prominent VC investor Eileen Burbidge has raised $6.3 million in seed funding.
London-based Fertifa, founded in 2019, provides companies with reproductive health and well-being support for employees facing fertility or sexual health challenges. Burbidge, who was an early backer of fintech bank Monzo as a partner at Passion Capital, took over as CEO at the startup late last year. She will continue to act as a general partner at Passion while running Fertifa.
The startup offers an array of services, including workplace education, employee advice, funding reimbursement administration, and consultancy services. Fertifa said it has processed over £1.5 million ($1.9 million) worth of employer-funded employee reimbursements for fertility treatments in the last year, working with companies like Lululemon, Meta, and Bain Capital. The startup operates as a SaaS platform for corporate clients and charges a 5% fee on transaction volumes.
“Obviously it’s great to have this round closed, it definitely took longer than I would have expected and that is a reflection of the macroeconomic environment,” Burbidge told Insider.
“Providing our patients with wellbeing support funded by their workplaces brings such peace of mind for them — and reflects and evidences those employers’ commitments to DE&I and supporting employee wellbeing at particularly sensitive times and when those employees are more valuable to the business than ever.”
The company’s seed round was led by Notion Capital alongside Triple Point Ventures. Other backers include Tiny.vc, EQT Foundation, previous investors Passion Capital and Speedinvest, along with prominent angels like Onfido cofounder Eamon Jubbawy and former Monzo CEO Tom Blomfield.
Funding will go towards improving Fertifa’s product offering, including direct financing options, and building out its 24-person strong team in London.
Check out Fertifa’s 18-slide pitch deck below:
Read the full article here