• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to secondary sidebar
  • Skip to footer

  • Opinion
  • Health IT
    • Behavioral Health
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Patient Engagement
    • Population Health Management
    • Revenue Cycle Management
    • Social Determinants of Health
  • Digital Health
    • AI
    • Blockchain
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • M&A
  • Value-based Care
    • Accountable Care (ACOs)
    • Medicare Advantage
  • Life Sciences
  • Research

FOLX Health Raises $30M, Launches Expert-Led Support Groups for LGBTQIA+ Community

by Syed Hamza Sohail 10/12/2022 Leave a Comment

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print
FOLX Health Raises $30M, Launches Expert-Led Support Groups for LGBTQIA+ Community

What You Should Know:

– FOLX Health, the first digital healthcare service provider designed by and for the medical needs of the LGBTQIA+ community, today announced $30M in new financing led by 7wireVentures, with participation from new investor Foresite Capital and existing investors, including Bessemer Venture Partners, Define Ventures, and Polaris Partners.

– Lee Shapiro, Managing Partner of 7wireVentures and former Chief Financial Officer of Livongo Health, will join FOLX Health’s Board of Directors. With this capital, FOLX Health will continue expanding its best-in-class platform to service members, self-insured employers and their dedicated employee population.

Enabling and Empowering LGBTQIA+ Digital Healthcare Providers

Launched in December 2020, FOLX Health is an LGBTQIA+ healthcare service provider built to serve the community’s specific needs. The company delivers a new standard of healthcare that’s built to serve LGBTQIA+ people, rather than treat them as problems to be solved. FOLX Health provides end-to-end virtual primary care, HRT, PrEP, care navigation, content, and community through a diverse network of queer and trans-specialized providers.

“Prior to finding FOLX, 78 percent of our members did not have access to affirming healthcare and 71 percent actively avoided seeking care for fear of discrimination. It is our responsibility to provide offerings that enable folks to receive the care they need and deserve,” said Liana Douillet Guzmán, CEO of FOLX Health. “This funding is a testament to the importance of our mission, and we are honored that Lee and 7wireVentures are joining our efforts to create a more equitable healthcare system for the LGBTQIA+ community.”

This strategic investment enables FOLX Health to invest further in their recently launched enterprise and virtual health offerings as well as new product offerings that will further engage and support the LGBTQIA+ community across mental and behavioral health. This includes new expert-led support groups launching this month, which will serve to support the community and their loved ones in areas such as fertility and family planning and parental support, with more categories to roll out in 2023. FOLX Health’s expert-led support groups will consist of multi-week group sessions led by an esteemed clinician or expert, followed by one-on-one consultations to implement individualized plans for users. Members will be able to build a community around themselves with those on similar journeys through an expanded community platform. The company will also launch a companion iOS and Android app enabling real-time emotional and behavioral health support.

“7wireVentures is proud to be partnering with FOLX Health during a pivotal moment in the company’s trajectory,” said Lee Shapiro. “Now more than ever, there is a clear need to expand access to inclusive health services for the millions of Americans who identify as LGBTQIA+. By combining a network of clinicians highly attuned to the needs of the LGBTQIA+ community with convenient access to affirming content and peer connections, FOLX Health has established a new standard of queer and trans care for its members.” 7wireVentures is a preeminent venture capital firm that invests in early-stage digital health companies supporting an Informed Connected Health Consumer – the epicenter of a consumer-first, tech-enabled convergence of the health and wellness markets.

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. This builds on the company’s existing offering, which includes gender-affirming hormone replacement therapy, PrEP, care navigation, content, and community delivered through a diverse network of queer and trans-specialized providers.

  • LinkedIn
  • Twitter
  • Facebook
  • Email
  • Print

Tagged With: 7wireVentures, Behavioral Health, Bessemer Venture Partners, connected health, digital health, Digital Healthcare, LGBTQ+, Livongo, Livongo Health, Partners, Polaris Partners, Primary Care, venture capital, Virtual Healthcare, Virtual Primary Care

Tap Native

Get in-depth healthcare technology analysis and commentary delivered straight to your email weekly

Reader Interactions

Primary Sidebar

Subscribe to HIT Consultant

Latest insightful articles delivered straight to your inbox weekly.

Submit a Tip or Pitch

Featured Insights

2025 EMR Software Pricing Guide

2025 EMR Software Pricing Guide

Featured Interview

Kinetik CEO Sufian Chowdhury on Fighting NEMT Fraud & Waste

Most-Read

2019 MedTech Breakthrough Award Category Winners Announced

MedTech Breakthrough Announces 2025 MedTech Breakthrough Award Winners

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

WeightWatchers Files for Bankruptcy to Eliminate $1.15B in Debt

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

KLAS: Epic Dominates 2024 EHR Market Share Amid Focus on Vendor Partnership; Oracle Health Sees Losses Despite Tech Advances

'Cranky Index' Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

‘Cranky Index’ Reveals EHR Alert Frustration Peaks Midweek, Highest Among Admin Staff

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Madison Dearborn Partners to Acquire Significant Stake in NextGen Healthcare

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Wandercraft Begins Clinical Trials for Physical AI-Powered Personal Exoskeleton

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Chipiron Secures $17M to Transform MRI Access with Portable Scanner

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

Abbott to Integrate FreeStyle Libre Glucose Data with Epic EHR

5 Ways New Trump Administration Tariffs Are Impacting U.S. Healthcare Now

5 Ways Trump Administration Tariffs Are Impacting U.S. Healthcare Now

iCAD, GE HealthCare Integrate to Advance Breast Cancer Detection with AI

RadNet to Acquire iCAD for $103M in All-Stock Transaction

Secondary Sidebar

Footer

Company

  • About Us
  • Advertise with Us
  • Reprints and Permissions
  • Submit An Op-Ed
  • Contact
  • Subscribe

Editorial Coverage

  • Opinion
  • Health IT
    • Care Coordination
    • EMR/EHR
    • Interoperability
    • Population Health Management
    • Revenue Cycle Management
  • Digital Health
    • Artificial Intelligence
    • Blockchain Tech
    • Precision Medicine
    • Telehealth
    • Wearables
  • Startups
  • Value-Based Care
    • Accountable Care
    • Medicare Advantage

Connect

Subscribe to HIT Consultant Media

Latest insightful articles delivered straight to your inbox weekly

Copyright © 2025. HIT Consultant Media. All Rights Reserved. Privacy Policy |