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The Venture Codex

Penn Medicine-Wharton Fund for Health

3641 Locust Walk, Philadelphia, PA, 19104, United States

Overview

Fund for Health is a joint partnership between Penn Medicine and the Wharton Social Impact Initiative of the University of Pennsylvania’s Wharton School.

Total investments
2
Lead investments
1
Investments · 12mo
0
Active investors
0

Sector focus

  • Business Development
  • Finance
  • Financial Services
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Investment portfolio

  • Twentyeight Health

    Participated · Series A · Feb 2023

    Twentyeight Health is a NYC-based digital-first women’s healthcare platform that makes reproductive and sexual healthcare affordable through telemedicine consultations, fast at-home deliveries, and ongoing access to providers for services such as birth control and herpes treatments. The company accepts almost every commercial insurance and Medicaid plan, positioning itself as a broadly accessible alternative to traditional care. It currently serves more than 100,000 users across 43 states. Twentyeight Health raised $10M in a Series A, bringing its total capital raised to $25M. The company intends to use the funds to expand operations and accelerate product development. Bruno Van Tuykom serves as CEO. Twentyeight Health operates a women’s virtual healthcare platform focused on sexual and reproductive care, accepting Medicaid and partnering with culturally competent clinicians. The platform is bilingual (English and Spanish) and aims to serve medically underserved, low-income, and non-urban populations. Since founding in 2018, the company has expanded from six to 34 states and now covers more than 85% of women of reproductive age in the U.S. It has helped over 60,000 individuals access care, with 55% of users on Medicaid, 58% identifying as BIPOC, and 60% living in non-urban areas; 63% of its birth-control users previously lacked access to prescriptions. The company offers free birth control to uninsured users through a partnership with the Contraceptive Access Fund of Bedsider and donates 2% of revenues to related organizations. With recent funding, Twentyeight Health plans to expand nonprofit partnerships, grow its services and footprint, and improve the quality of its telehealth offerings. Twentyeight Health offers telemedicine reproductive-health services focused on contraception, providing online medical questionnaires reviewed by U.S. board-certified doctors and access to more than 100 FDA-approved birth control options. Customers receive shipments within three days and ongoing care via audio consultations and doctor follow-up messages. The company emphasizes serving Medicaid, underinsured, and uninsured women and works with partners such as Bottomless Closet and eight CUNY colleges to reach underserved populations. Twentyeight Health is the only telemedicine contraception provider noted in the article that accepts Medicaid and also partners with Bedsider’s Contraceptive Access Fund to provide free birth control to uninsured patients. The company donates 2% of its revenue to Bedsider and the National Institute for Reproductive Health. Launched in 2018, Twentyeight Health currently operates across Florida, Maryland, New York, New Jersey, North Carolina, and Pennsylvania and plans to use new funding to expand services across the U.S.

  • RecoveryLink

    Led · Equity · Sep 2021

    RecoveryLink builds an online suite of tools for people in recovery from substance use, mental health issues, disordered eating, trauma and related conditions, offering services for individuals, employers and providers such as goal setting, peer-to-peer counseling management and data collection. The platform supports recovery meetings, digital recovery yoga and meditations, and the company says it has provided services to more than 800,000 people and supports 1,400 peer specialists at over 150 organizations. RecoveryLink launched in 2019 and has deployed statewide recovery support hotlines in New Hampshire and Texas for people affected by COVID-19 and other disasters. Financially, the company has raised $550,000 overall from local investors, including an investment from Ben Franklin Technology Partners in July, and had been bootstrapped until that point; it has not yet completed a formal seed round. The company says access to subject-matter experts and Penn’s research and operations support through the Fund for Health will help accelerate growth and serve more people faster. RecoveryLink targets populations affected by social determinants of health and aims to expand impact through partnerships with healthcare and community organizations.

Team

No current team members are available.