Company Now Servicing Over 9 Million Veterans
NEW YORK, July 19, 2024 /PRNewswire/ -- Legacy,
North America's #1 digital
fertility clinic for men, has secured $7.5M in financing to power its mission to make
male fertility services more accessible, including through the
fulfillment of two recently signed contracts to serve over nine
million veterans.
Advised by a group of the world's top fertility experts, Legacy
provides sperm testing and freezing via at-home kits shipped
directly to clients. More than 25,000 sperm samples have been
analyzed at the company's two state-of-the-art andrology labs —
more than at any other clinic.
Recent research indicates the average global sperm count has
declined 50% over the last 40 years and 1 in 6 couples are now
dealing with infertility. "This is the issue of our time," says
Legacy CEO Khaled Kteily. "Per
recent studies, the average sperm count is declining about 26% per
decade. In other words, we're firmly on the path to sperm count
zero AKA 'spermageddon', where we are functionally incapable of
conceiving without the use of assisted reproductive
technologies."
He adds: "Our prediction has always been that within five years
from now, sperm freezing will be as normal for someone to talk
about as egg freezing is today."
"It's a smart idea to preserve your fertility at its peak," says
Dr. Ramy Abou Ghayda, urologist and
Legacy's chief medical officer. "Freezing sperm at its youngest and
healthiest gives you a greater chance of having healthy children.
It's a great life insurance policy."
The fresh round of capital included TRAC.vc, a VC fund which
leverages an AI-powered algorithm to make investment decisions.
Their algorithm deemed that Legacy had a higher likelihood of
becoming a unicorn than 99% of startups evaluated by their
methodologies, in part due to the strength of their cap table and
the high growth rate of the male fertility industry.
Legacy had previously raised over $40M from a consortium including Bain Capital
Ventures, FirstMark Capital, and celebrities like Justin Bieber, The Weeknd, Orlando Bloom, and DJ Khaled.
"In a challenging economic environment, this fundraise takes us
to profitability, which means we'll be able to grow and scale on
our own terms," said Kteily.
In addition to serving the military, Legacy is trusted by
institutions across the country, including the Cleveland Clinic,
NYU Langone Health, UnitedHealthcare, Aetna, Cigna, and other
leading payers and providers.
To schedule an interview with CEO Khaled
Kteily about Legacy's services — or why the global decline
in sperm quality means every man should test and preserve his sperm
— contact Rebecca Silver at
rebecca@givelegacy.com.
ABOUT LEGACY
As the largest fertility clinic for people with sperm in
North America, Legacy offers
clients the ability to test their sperm from the comfort of their
homes and preserve their fertility for future use.
Founded at Harvard University,
Legacy pioneered direct access to male fertility information, as
the only company that allows customers to complete semen analysis,
DNA fragmentation analysis, STI testing, and sperm cryopreservation
without leaving their homes. Legacy is currently available across
the United States. Legacy is the
only digital fertility clinic to offer post-thaw analysis to ensure
a client's sperm is viable for freezing, and multi-site storage to
maximize the security of all samples.
Through the Legacy website, consumers can access a range of
educational content, personalized fertility consultations, and
other services that promote lifelong sperm health and wellness. To
learn more about Legacy, visit givelegacy.com.
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SOURCE Legacy