Plume, a startup centered on digital take care of transgender sufferers, raised $24 million in Collection B funding.
The spherical was led by Transformation Capital, with participation from Basic Catalyst and City Corridor Ventures. The funding comes a couple of yr and half after the corporate introduced a $14 million Series A.
WHAT IT DOES
Plume affords digital gender-affirming care, together with prescriptions to hormone remedy like estrogen or testosterone, video consultations with suppliers, lab orders and evaluation, assist teams and medical letters of assist for surgical procedure or title and gender marker modifications. In most states, the startup’s membership prices $99 a month.
Plume plans to make use of the capital from the Collection B to increase nationwide, transfer into digital main care and add insurance coverage protection for the corporate’s companies.
“With at this time’s announcement, we’re on observe to achieve our purpose of accelerating entry to high-quality, gender-affirming care to sufferers throughout the U.S. in each city areas and protection deserts,” Dr. Jerrica Kirkley, Plume cofounder and chief medical officer, mentioned in an announcement.
“Figuring out the hurdles trans People face when accessing care, I am inspired to achieve this benchmark and I sit up for Plume’s progress sooner or later. I need to thank Transformation Capital, Basic Catalyst, and City Corridor Ventures for his or her partnership in remodeling well being care for each trans life.”
MARKET SNAPSHOT
One other digital well being firm working with LGBTQIA+ sufferers is Folx Well being, which introduced a $25 million Series A raise in February 2021. Folx lately launched an employer offering and added counseling, analysis and referrals for Monkeypox treatment.
Final yr, the lately merged digital care firms Grand Rounds Well being and Physician On Demand acquired Included Health, a well being concierge platform for the LGBTQIA+ neighborhood. The corporate later rebranded under the Included name.
Like a number of other digital health and health tech companies pursuing layoffs this summer time, Included lately reduced its workforce by lower than 6% as a part of an organization restructuring.
