Jan 9, 2025

MedCity News Twentyeight Health Raises $10M, Secures New Medicaid Partnerships Twentyeight Health's $10 million Series A round was led by Seae Ventures and included participation from Impact America Fund, The Social Entrepreneurs' Fund, RH Capital, Impact Engine, Gratitude Railroad and Townhall Ventures. By Marissa Plescia on January 09, 2025 Share Copy LinkCopy Link Twentyeight Health, a digital women’s health company, has secured $10 million in Series A funding and launched new Medicaid partnerships with Aetna, AmeriHealth and Molina, the company announced on Tuesday. New York City-based Twentyeight Health operates in 43 states and offers telemedicine consultations, at-home deliveries and access to providers for services like birth control and herpes treatments. The company accepts commercial and Medicaid insurance and offers a self-pay option. Its name derives from the 28 days in a woman’s menstrual cycle, according to Bruno Van Tuykom, CEO and co-founder of Twentyeight Health. The company’s $10 million Series A round was led by Seae Ventures and included participation from Impact America Fund, The Social Entrepreneurs’ Fund, RH Capital, Impact Engine, Gratitude Railroad and Townhall Ventures. To date, Twentyeight Health has raised $25 million. presented by “Raising $10 million in this economic climate is no small feat, reflecting both the resilience and relevance of Twentyeight Health’s mission,” said Arianne Kidder, partner at Seae Ventures, in a statement. “With Medicaid spending $200 billion annually on women’s health for reproductive age women, we see real potential in the company’s platform and approach. But this isn’t just about the market opportunity; it’s about backing a company tackling an urgent problem in a smart, scalable, quality-driven way.” Twentyeight Health will use the financing to support its growth, invest in its payer partnerships and make additional acquisitions. The company has already made patient asset acquisitions of SimpleHealth and part of The Pill Club. The startup also announced new Medicaid partnerships with Aetna, AmeriHealth and Molina. Van Tuykom told MedCity News that Twentyeight Health is on a quest to serve all women, including those on Medicaid, those who have commercial insurance and those who are uninsured or underinsured. It currently accepts Medicaid in about 30 states and almost every commercial plan. Ultimately, Twentyeight Health hopes to have the “biggest impact on access to women’s health,” Van Tuykom said. It aims to serve women in all states from contraception to menopause, and provide additional services like skincare and mental health. “That’s our North Star,” Van Tuykom stated. “In practice, that means we’re in 43 states, we want to get to 50 states. We continue to expand products and services so that our users can find 50%, 70%, 90% of needs covered by Twentyeight. There are always going to be things that are better suited in person, but there’s so much that we can do as a digital provider. We want to make Twentyeight available and relevant to every single woman in the country.” There are several other digital women’s health companies as well, including Maven Clinic and Hers. Van Tuykom said Twentyeight differentiates itself by serving Medicaid and the underserved population, though it’s worth noting that Maven Clinic also works with Medicaid plans. Photo: StockFinland, Getty Images