Male fertility startups are the latest to raise millions as the wellness industry booms
According to the US Department of Health & Human Services, 1 in 8 couples struggle to get pregnant after one year of trying. And ⅓ of those infertility issues are caused by problems in men.
Now, a small, but growing, number of companies are bringing technology and innovation to the male fertility space. Two companies are raising cash hard and fast to become the king of baby-making mountain.
Battle for the babies
Dadi, a fertility test and storage kit delivery service, just raised a $5m extension after closing a $2m seed round earlier this year.
This comes shortly after its rival, Legacy, raised a $1.5m round for its sperm testing and freezing service.
Both offer sperm storage services as well. According to Dadi’s CEO and co-founder Tom Smith, Dadi testing and storage goes for less than 1/10 the price that most clinical facilities charge.
Dadi charges around $200 for its testing kit and one year of sperm storage. The Sperm Bank of California charges up to $525 just for an initial consultation fee.
Dadi, Legacy, Hims, Ro, what are these names?
Like Viagra or “sperm bank” is any better.
Other companies that are wellness-adjacent to Dadi and Legacy are raking in the funding as well.
Hims raised $100m this year, and Manual, a well-being platform for men from London, closed £5m in seed funding in January. And that’s only to name a few of the swimmers looking to grow.