From more affordable egg freezing services to employer-backed fertility plans, these companies are looking to break down the traditional barriers to fertility care for both women and men.
The first months of 2019 have seen a surge of early-stage funding to the fertility sector.
Deals to companies ranging from a fertility benefits provider to a millennial-focused fertility clinic are indicative of a growing demand for more accessible fertility services.
These deals have also coincided with a funding spree to women’s health startups — another area that’s historically been largely overlooked. In April, female hygiene company Cora raised a $7.5M Series A round, while smart tampon company NextGen Jane raised a $9M Series A.
This uptick in funding has helped fertility evolve from an obscure topic to one that’s gaining more visible, mainstream attention. (Check out our future of fertility post for a deeper look here.) As a result, men’s fertility is also drawing more interest, as evidenced by early-stage startups here recently raising capital.
These deals are helping drive innovation and bring a new level of transparency to fertility issues.
Below, we look at the latest investments in the fertility market and how they’re signaling a new direction for both female and male fertility.
Table of Contents
- The fertility market opportunity
- Egg freezing becomes a main focus for millennials
- New D2C testing kits offer more affordable insights
- New male fertility startups focus on sperm tests & storage
- The growing demand for employer fertility benefits
THE fertility market OPPORTUNITY
The global fertility services market, which caters to people who are unable to conceive naturally, is worth roughly $25B, according to CB Insights’ Industry Analyst Consensus.
Examples of fertility services here include in vitro fertilization (IVF), surrogacy, and artificial insemination.
These services often come with a high price tag, and often, education around these topics is not easily accessible.
New entrants to this industry hope to disrupt this model, from beginning to end.