Folx Health Raises $30M in Series B Funding

FOLX Health
Credit: FOLX Health

Folx Health, a Boston, MA-based provider of a healthcare service for the LGBTQIA+ communities, raised $30M in Series B funding.

The round was led by 7wireVentures, with participation from Foresite Capital, Bessemer Venture Partners, Define Ventures, and Polaris Partners. Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join the Board of Directors.

The company intends to use the funds to expand its platform to service members, self-insured employers and their dedicated employee population.

Launched in December 2020 by CEO Douillet Guzmán, Folx Health is an LGBTQIA+ healthcare service which provides end-to-end virtual primary care, HRT, PrEP, care navigation, content, and community through a diverse network of queer and trans-specialized providers.

This funding comes on the heels of FOLX Health releasing its Virtual Healthcare platform, which offers community members in nearly all 50 states consults and prescriptions for general health, and sexual health – including access to birth control, treating infection, family planning, and more.