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Plume, a startup targeted on digital look after transgender sufferers, raised $24 million in Collection B funding.
The spherical was led by Transformation Capital, with participation from Common 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 providers.
“With at the moment’s announcement, we’re on observe to succeed in our objective 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, stated in an announcement.
“Realizing the hurdles trans People face when accessing care, I am inspired to succeed in this benchmark and I stay up for Plume’s development sooner or later. I wish to thank Transformation Capital, Common 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 just lately launched an employer offering and added counseling, analysis and referrals for Monkeypox treatment.
Final yr, the just lately merged digital care corporations Grand Rounds Well being and Physician On Demand acquired Included Health, a well being concierge platform for the LGBTQIA+ group. The corporate later rebranded under the Included name.
Like a number of other digital health and health tech companies pursuing layoffs this summer season, Included just lately reduced its workforce by lower than 6% as a part of an organization restructuring.
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