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Modern Fertility

Modern Fertility

Modern Fertility is a company developing home fertility test for women

Modern Fertility is a company that develops an at-home pregnancy fertility test. Modern Fertility was established in 2017 by Afton Vechery and Carly Leahy. Modern Fertility aims to help women receive information about the current state of their fertility in a more affordable manner. The company’s headquarters is located in San Francisco, California.

Product

Modern Fertility offers women both the testing kit and the platform that would give users the test results and advice on actions to take based on them. Women submit their blood samples using the testing kit and send them back to Modern Fertility. Within less than a week, they will receive their fertility report.

Funding

Since its founding year, Modern Fertility has received funding from two rounds, with a total capital of $7 million. Modern Fertility participated in the YC S17 cohort of Y Combinator. The company’s most recent funding efforts was a Seed Round held in May 2018, raising $6 million. Modern Fertility has received capital from 8 investors, with three among them as lead investors. Past investors for the company include Sound Ventures, Maveron, #Angels, Union Square Ventures, and SV Angel.

Timeline

May 19, 2021
Ro will acquire women's health startup Modern Fertility in $225M deal

Digital health company Ro is adding reproductive health to its growing platform with plans to acquire Modern Fertility.

The deal, announced Wednesday, is valued north of $225 million, according to sources familiar with the deal.

Ro also is venturing into the home-based healthcare market with its recent acquisition of software company Workpath.

Funding for women-focused digital-health startups rose 105% last year to $418 million and was spread across 22 companies, nearly twice the number from a year earlier, according to Rock Health, a San Francisco-based seed and early-stage venture fund.

May 31, 2018
Modern Fertility raises a $6,000,000 seed round from Maveron.
May 2018
Modern Fertility raises a $6,000,000 seed round from #Angels, Maveron, SV Angel, Sound Ventures and Union Square Ventures.

Funding Rounds

Patents

Further Resources

Title
Author
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Type
Date

News

Title
Author
Date
Publisher
Description
Heather Landi
June 30, 2021
FierceHealthcare
Virtual health company Ro continues to bulk up its capabilities through M&A and is now moving into at-home testing. The startup provides online pharmacy services, telehealth and in-home care, and the acquisition of Kit, announced Wednesday, expands the diagnostics capabilities and lab infrastructure of Ro's vertically integrated primary care platform.
Lydia Ramsey Pflanzer
May 21, 2021
Business Insider
These are Insider's biggest healthcare stories for the week ending May 21.
Megan Hernbroth
May 20, 2021
Business Insider
Consolidations could be more common exit strategies as growth-stage companies look to capitalize on pandemic-induced growth.
Heather Landi
May 19, 2021
FierceHealthcare
Digital health company Ro is adding reproductive health to its growing platform with plans to acquire Modern Fertility. The deal, announced Wednesday, is valued north of $225 million, according to sources familiar with the deal.
Natasha Mascarenhas
May 19, 2021
TechCrunch
Ro, a digital elective care and telemedicine provider last valued at $5 billion, announced today that it has acquired Modern Fertility, a reproductive health company founded in 2017. Axios estimates it sold for $225 million in a majority-stock deal. TechCrunch has learned that the deal was "north" of $225 milliion. Ro, also founded in 2017, has [...]
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References

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