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Monday, April 15, 2024

Twentyeight Health receives funds to boost reproductive health access

Twentyeight Health makes reproductive healthcare more accessible to women in underprivileged areas through its online platform.

The Fund for Health, a collaboration between Penn Medicine and the Wharton Environmental, Social, and Governance (ESG) Initiative, is now supporting Twentyeight Health, an online platform and telemedicine service designed to increase access to reproductive health care for women from underserved communities. The Fund for Health, which was established in 2021 as a new way of driving change via strategic investment that positively influences socioeconomic determinants of health, has joined the current round of funding for the three-year-old firm.

Twentyeight Health is the ninth startup to receive funding from the Fund for Health. Since its inception, the fund has invested a total of $1.6 million.

Twentyeight Health, which launched in 2019, combines an online intake platform with telemedicine connections with health professionals (via phone calls or text messages) to facilitate prescription and delivery of medicine ranging from birth control to prenatal vitamins and, now, COVID-19 testing kits. Twentyeight Health distributes 2% of its sales to non-profit organisations dedicated to women’s reproductive health as part of its purpose.

Twentyeight Health has grown throughout the United States and is now available to citizens in 34 states and the District of Columbia.

According to data, around 19 million women in the United States live in “contraceptive deserts,” which means they do not have easy access to the complete spectrum of contraceptive options. Even when clinics and other social service organisations are close, job or childcare duties, as well as transportation issues, may make it difficult for women to seek treatment when facilities are open, and the costs of medications and contraception may put these alternatives out of reach.

The Fund for Health and Twentyeight Health co-founders saw a great fit because of their similar aspirations for public health.

The Fund for Health’s most recent investments were in Stimulus, a firm that helps businesses make equity-informed supplier selection decisions, and Fabric Health, a startup that collaborates with launderettes to enhance community access to health care.

In June, the Philadelphia 76ers’ managing partner, Joshua Harris, and his wife, Marjorie Harris, made a $1 million investment in firms chosen by the Fund for Health.

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