Folx Health, a digital health company focused on providing care to the LGBTQ community, has raised $30 million in series B funding.
The company plans to use the capital to expand its platform and invest further in virtual health. Folx also intends to roll out clinician-led support groups and a compatible app that will allow for real-time feedback in 2023, according to the Oct. 12 Folx news release.
The first support group will focus on fertility and family planning and is expected to launch in October. New investor Foresite Capital participated in the 7wireVentures-led funding round.
"Prior to finding Folx, 78 percent of our members did not have access to affirming healthcare and 71 percent actively avoided seeking care for fear of discrimination. It is our responsibility to provide offerings that enable folks to receive the care they need and deserve," Folx CEO Liana Douillet Guzmán said. "This funding is a testament to the importance of our mission, and we are honored that Lee and 7wireVentures are joining our efforts to create a more equitable healthcare system for the LGBTQ community."