Family planning platform for employees Stork Club has added $30 million in new funding through a Series A round.
The round was led by General Catalyst and included participation from existing investors Bowery Capital and Slow Ventures, as well as angel investors Jack Altman, founder of Lattice, Zach Sims, founder of Codecademy, Oleg Rogynskyy, founder of People.ai, and Kevin Mahaffey, founder of Lookout.
Stork Club is offered as an employee benefit to guide workers through the parenting journey, with services ranging from IVF and child adoption through postpartum recovery and newborn care. The company did not specify what the funds would be used for.
“Modern families include working women, older couples, and LGBTQ+ couples looking to have children. It’s no longer a heterosexual couple having children in their 20s, yet the traditional healthcare model does not support these types of families,” Jeni Mayorskaya, founder and CEO of Stork Club, said in a statement. “It’s time our healthcare model caught up to the times and provides services to all types of people. By rethinking healthcare from the ground up, we have an opportunity to make it a win-win for both people and organizations, providing better care resulting in better outcomes for people, and saving businesses millions on healthcare-related costs.”
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Source: Mobihealthnews