Telehealth company will expand sexual and reproductive care services across the U.S., with continued focus on making virtual care more accessible to women from underserved communities.
NEW YORK, February 13, 2023 — Twentyeight Health, a telehealth company providing affordable access and convenience for reproductive and sexual health, today announced that it has raised $8.3 million in Pre-Series A funding. The round included multiple mission-driven funds: RH Capital, Seae Ventures, Impact Engine, Acumen America, Stardust Equity, California Health Care Foundation, Penn Medicine-Wharton Fund for Health, and Great Oaks Venture Capital, and strategic angel investors including Andrey Ostrovsky, former Chief Medical Officer of US Medicaid Program and Elina Onitskansky, former SVP & Head of Strategy at Molina. Many of Twentyeight Health’s previous investors also participated in the round, including SteelSky Ventures, Third Prime, Town Hall Ventures, GingerBread Capital, and Algaé Ventures.
“Telehealth has incredible potential to improve healthcare for all, but according to data from both Rock Health and the American Journal of Preventive Medicine, telehealth in the U.S. is used primarily by wealthier Americans living in urban areas,” said Amy Fan, co-founder of Twentyeight Health. “Twentyeight Health is defying this trend as the first women’s virtual healthcare platform supporting the full spectrum of patients, focusing on inclusive care for medically underserved groups including lower-income individuals and BIPOC communities.”
Added Bruno Van Tuykom, co-founder of Twentyeight Health, “Over 55% of Twentyeight Health’s users are from low-income backgroundson Medicaid, 58% identify as BIPOC and over 60% didn’t have prior access to prescribed birth control methods. With this new funding, we look forward to showing the world that telehealth can play an important role in expanding access to equitable care.”
Since launching in December 2018, Twentyeight Health has taken a wide range of steps to increase access to fundamental healthcare for women from underserved communities, including:
“As a board certified physician still practicing and with a lot of Medicaid experience, I love how much Twentyeight Health is focused and designed for underserved communities,” said Andrey Ostrovsky, former Chief Medical Officer of US Medicaid Program. “I am impressed by the impact they have had to date and I am excited to see how much positive change — on access, health outcomes and cost savings — they will bring to payers and their members.”
Twentyeight Health has raised this funding during a time of significant growth for the company. Over the last two years, Twentyeight Health has expanded across the U.S. — growing from six to 34 states and covering more than 85 percent of women of reproductive age. Twentyeight Health also launched a Spanish language platform to make its telehealth services more accessible for over 40 million native Spanish speakers in the US, and expanded its telehealth services beyond birth control to herpes treatment, prenatal vitamins, and the morning after pill. Twentyeight Health will use its new funding to continue to grow its geographic footprint, expand payer partnerships, and provide additional women’s health care services.
To learn more, visit www.twentyeighthealth.com.
About Twentyeight Health
Twentyeight Health is a mission-driven women’s healthcare platform, expanding access through high quality telemedicine care, convenient at-home deliveries, and affordable options. Twentyeight Health is available in 34 states and the District of Columbia, serving more than 85 percent of women of reproductive age. Twentyeight Health has received multiple awards for the company’s impact, including Fast Company’s Most Innovative Companies, Forbes Next 1000, Top 50 in Digital Health by Rock Health, the NYC Digital Health 100, and the Inc. Female Founders 100.