Stork Club, a San Francisco, CA-based provider of a employee insurance company offering family-related services, raised $30M in Series A funding.
The round was led by General Catalyst, with participation from existing investors Bowery Capital, Slow Ventures and angels Jack Altman, founder of Lattice; Zach Sims, founder of Codecademy; Oleg Rogynskyy, founder of People.ai; and Kevin Mahaffey, founder of Lookout. In conjunction with the funding, Hemant Taneja of General Catalyst is joining the board.
The company intends to use the funds to expand the line of family-related services it offers.
Founded in 2018 by Jeni Mayorskaya, CEO, Stork Club extends traditional employee insurance benefits to give people, including LGTBQ families, all possible options to have a baby (including natural conception, IVF, adoption and surrogacy). In details, the company’s services include diagnostics, egg and sperm freezing, IVF, surrogacy, adoption, pregnancy guidance and postpartum recovery support.
Stork Club’s platform directly integrates with large health plan administrators, such as UnitedHealthcare and Aetna. In 2020, the company expanded their medical network to 250+ locations across the US, including such world industry leaders as CCRM, Boston IVF, Vios Fertility, CooperGenomics, as well as added a cohesive fertility pharmacy experience for its members — Stork Club Rx.
FinSMEs
16/06/2021