"I consider myself a builder and healer, and I'm excited to continue supporting the LGBTQIA+ community at the first-ever holistic, queer healthcare platform that removes the barriers - and the stigmas - from the queer and trans medical experience."ĭonisha Diagne (she/her), FOLX Health's new Chief People Officer, is a strategic talent and culture leader with almost two decades of experience in human resources. "I'm thrilled to be joining FOLX Health as its first CFO," said Ballantine. She brings nearly two decades of experience in leadership roles across finance, strategy, and operations. In her most recent role, Ballantine served as the COO/CFO of The Trevor Project, the leading national organization providing crisis intervention and suicide prevention services to lesbian, gay, bisexual, transgender, queer & questioning (LGBTQ) youth.
#FOLX HEALTH INSURANCE SERIES#
Here is the 17-slide presentation Folx Health used to raise its $30 million Series B round.Lena Ballantine (she/her) joins FOLX Health as Chief Financial Officer and is tasked with leading the company's financial functions and scaling its business operations. More than 77% of respondents said they didn't have access to an affirming healthcare provider before Folx.įolx provided Insider with its pitch deck and edited the presentation to remove sensitive financial information prior to Insider's review. And that is painful in any aspect of our lives," said Guzmán.Īccording to an internal survey of their patients, 98% of respondents said they were making progress towards their health goals with Folx, and more than 96% said that they feel like their clinician listens to them and takes their views into account. And more often than that, a system that is openly discriminatory against us. When it comes to healthcare, "We experience at best an incumbent system not built for us. Guzmán told Insider that part of Folx's founding ideology was that LGBTQ+ people need providers who can care for the whole person, saying that while specific offerings are useful, now people feel like they have no one who's looking at their health holistically. It started as a service providing gender-affirming hormone therapy over telehealth, and it has since expanded to virtual primary care - including a monkeypox clinic - as well as behavioral health, mental health, and support groups. Folx's CEO, Liana Douillet Guzmán, said that Folx has raised $59 million in total, but she did not disclose the company's current valuation.įolx, based in Boston, was founded in 2020. Bessemer Venture Partners, Define Ventures, and Polaris partners, all already investors, contributed to the round as well.
Folx will use the money to expand telehealth services, especially in behavioral health.įolx Health, a company offering telehealth services to the LGBTQ+ community, announced today that it has raised a $30 million series B round to offer and expand new services to clients, including behavioral health and mental health services. 7wireVentures led the round, and Foresite Capital joined as a new investor.The company raised money from investors including 7wireVentures and Foresite Capital.Folx, a telehealth service for the LGBTQ+ community, just raised $30 million in a Series B round.
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