# FOLX Health

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/folx-health

- Industry: Healthcare
- Headquarters: Boston, US
- Website: www.folxhealth.com
- Total disclosed funding: $59M
- Latest round: Series B (Oct 11, 2022)
- Investors on record: 5

## About

FOLX Health, Inc. is a digital health platform based in the US that delivers specialized healthcare services tailored for the LGBTQIA+ community, addressing their unique needs through a variety of medical offerings.Founded in 2020 and headquartered in Boston, US, FOLX Health, Inc. provides a health and wellness platform for the LGBTQIA+ community. The company has completed three funding deals, with its most recent Series B round on October 11, 2022, raising USD 30.00 mn from lead investor 7wireVentures and other investors including Bessemer Venture Partners and Define Ventures. The CEO and Founder, A G Breitenstein, has a history of entrepreneurial endeavors in the health sector.FOLX Health offers a wide range of services specifically for the LGBTQIA+ community, including gender-affirming care, primary care, sexual and reproductive health, mental health services, therapy, and fertility resources. The platform features a secure messaging portal that allows clients to consult with clinicians at any time, alongside a Community Platform that provides educational resources and peer-support groups. The service has attracted over 50,000 clients across the United States, primarily in urban regions.FOLX Health operates on a subscription-based revenue model where clients pay a monthly fee for access to specialized healthcare services. This includes a trial period followed by a fixed monthly rate, facilitating direct-to-consumer transactions through an intuitive online platform. Users benefit from features such as messaging with their care team and community-focused events, enhancing their overall healthcare experience.Following a successful Series B funding round in October 2022, FOLX Health plans to utilize the USD 30.00 mn raised to expand its platform and introduce expert-led support groups tailored for the LGBTQIA+ community. The company aims to enhance its current service offerings and reach new markets to better serve the healthcare needs of diverse individuals within the community.

## Funding rounds

- Series B, Oct 11, 2022, $30M — Polaris Partners, Bessemer Venture Partners, Foresite Capital, 7wireVentures, Define Ventures
- Series A, Jan 19, 2021, $25M — Polaris Partners, Bessemer Venture Partners, Define Ventures
- Seed, Apr 21, 2020, $4.3M — Polaris Partners, Bessemer Venture Partners, Define Ventures

## Investors

- Polaris Partners (https://capitalatlas.ai/funds/polaris-partners) — Seed, Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Seed, Series A, Series B
- Define Ventures (https://capitalatlas.ai/funds/define-ventures) — Seed, Series A, Series B
- Foresite Capital (https://capitalatlas.ai/funds/foresite-capital) — Series B
- 7wireVentures (https://capitalatlas.ai/funds/7wireventures) — Series B