FOLX Health delivers end-to-end virtual primary care and specialized services for LGBTQIA+ people, including gender-affirming hormone replacement therapy (HRT), PrEP, sexual health consults and prescriptions, care navigation, content, and community. The company operates a virtual healthcare platform that offers consults and prescriptions in nearly all 50 states through a network of queer- and trans-specialized providers. Founded/launched in December 2020, FOLX has also established the FOLX HRT Care Fund to help trans, nonbinary, and intersex people access HRT. With new funding, FOLX plans to expand its enterprise and direct-to-employer offerings while investing in mental and behavioral health products. Planned product rollouts include expert-led multi-week support groups with follow-up one-on-one consultations, an expanded community platform, and a companion iOS and Android app for real-time emotional and behavioral health support. The company raised a $30 million Series B to finance these expansions and product investments. Folx Health is a Boston-based digital healthcare service provider built to serve the medical needs of the LGBTQIA+ community. Led by founder and CEO A.G. Breitenstein, the company offers Hormone Replacement Therapy (testosterone or estrogen) and is rolling out sexual health and wellness services, beginning with erectile dysfunction treatment. It plans to add at-home STI testing and treatment, with all services including unlimited on-demand clinical support, at-home lab testing for most plans, and home-delivered medications. The company launched the Folx Library, a free content hub addressing Queer and Trans health topics. Folx came out of stealth in December 2020 after a $4.4M seed round led by Polaris and has since raised a $25M Series A led by Bessemer Venture Partners. The new capital will be used to drive national expansion and broaden offerings in sexual health and family creation in late 2021 and early 2022. Upon launch, Folx was available in CA, CT, DE, FL, IL, MA, NC, NY, TX and VA. Folx Health is a digital health provider created to meet the medical needs and goals of the LGBTQIA+ community. The startup offers gender-affirming hormone therapy, erectile dysfunction treatment, at-home STI testing, one-on-one consultations, and prescriptions with or without insurance, and assists with family-creation services. Founded in Boston this year, Folx has built a network of 12 clinicians and is operating in approximately six states. The company estimates the addressable population at about 11 million people and notes many are young and lack a primary care physician. Folx plans a hard launch in January and expects to be in nearly all U.S. states by then. The recently secured seed funding will be used to build out clinical networks and develop offerings around hormone replacement therapy and sexual health as it prepares for a potential Series A if initial data and operations validate growth.

Total raised

$59M

Funding rounds

3

Latest round

Series B

Latest activity

Oct 2022