![]() The company focuses on very specific areas around the patient's identity that includes a hormone replacement therapy (HRT) solution for the trans community, which is the company is announcing on top of its funding. "So, it is lot safer for folks just physically and then far more accessible, given how we access it online as opposed to having to drive somewhere."įOLX Health is a telehealth-based platform but one that, instead of just offering general primary care that connects patients to their doctors, offers care that more specific and tailored to "the way people actually think about their life goals. Then, two, telehealth is immensely more scalable from a resource perspective so we can cover an entire state and people don't have to drive two or three hours to get to the one source of competent care in their state," she told me. One is, for folks who may not feel safe in many cases, going into settings where there's not a good understanding of the community, it gives them an alternative space to access care. "What telehealth does is really two things for us. Breitenstein, founder and CEO of FOLX Health, a digital healthcare service provider designed by and for the medical needs of the LGBTQIA+ community, which announced a raised $25 million funding round on Tuesday. That's why the evolution of t he healthcare space in recent years, with the trend toward putting more control in the hands of the end user thanks to telemedicine and virtual care, has been especially important for them, said A.G. To say these are not safe spaces is putting it mildly. In the worst case scenario, they will actually be physically assaulted in 2018, 9 percent of queer respondents said that a health care provider had "used harsh or abusive language when treating them," and 7 percent said that they experienced unwanted physical contact. Oftentimes, they will spend of their appointment just explaining their bodies and their lives to doctors. Here is the 17-slide presentation Folx Health used to raise its $30 million Series B round.The company provides telemedicine, along with products in areas like hormone replacement therapyįor those in the LBGTQIA, going to the doctor can be a nerve wracking experience. More than 77% of respondents said they didn't have access to an affirming healthcare provider before Folx.įolx provided Insider with its pitch deck and edited the presentation to remove sensitive financial information prior to Insider's review. And that is painful in any aspect of our lives," said Guzmán.Īccording to an internal survey of their patients, 98% of respondents said they were making progress towards their health goals with Folx, and more than 96% said that they feel like their clinician listens to them and takes their views into account. And more often than that, a system that is openly discriminatory against us. When it comes to healthcare, "We experience at best an incumbent system not built for us. Guzmán told Insider that part of Folx's founding ideology was that LGBTQ+ people need providers who can care for the whole person, saying that while specific offerings are useful, now people feel like they have no one who's looking at their health holistically. ![]() It started as a service providing gender-affirming hormone therapy over telehealth, and it has since expanded to virtual primary care - including a monkeypox clinic - as well as behavioral health, mental health, and support groups. ![]() Folx's CEO, Liana Douillet Guzmán, said that Folx has raised $59 million in total, but she did not disclose the company's current valuation.įolx, based in Boston, was founded in 2020. Bessemer Venture Partners, Define Ventures, and Polaris partners, all already investors, contributed to the round as well. Folx will use the money to expand telehealth services, especially in behavioral health.įolx Health, a company offering telehealth services to the LGBTQ+ community, announced today that it has raised a $30 million series B round to offer and expand new services to clients, including behavioral health and mental health services. 7wireVentures led the round, and Foresite Capital joined as a new investor.The company raised money from investors including 7wireVentures and Foresite Capital.Folx, a telehealth service for the LGBTQ+ community, just raised $30 million in a Series B round.Account icon An icon in the shape of a person's head and shoulders.
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