London-based well being tech platform LVDNR has raised £1.5 million in seed funding to develop inclusive sexual well being options for the LGBTQ+ neighborhood.
The spherical was led by Octopus Ventures, alongside Calm Storm Ventures, Soho Ventures and a number of other angel buyers.
Research by Backstage Capital estimates lower than 1% of VC funding goes to LGBTQ+ founders.
WHAT IT DOES
By integrating into current companies LVNDR’s platform facilitates higher entry to tailor-made LGBTQ+ sexual healthcare.
LVNDR is working with Sexual Health London, the most important distant sexual well being service in Europe, to analysis the advantages of distant interventional instruments, beginning with treatment adherence for pre-exposure prophylaxis (PrEP) customers.
WHAT IT’S FOR
LVNDR will use the funding to put money into new product improvement and scale its commercialisation actions by partnerships with UK healthcare suppliers. It can be increasing its crew with a deal with key senior roles in product, operations, and partnerships.
THE LARGER CONTEXT
Stonewall’s Health in Britain report discovered one in eight LGBTQ+ folks have confronted unequal remedy from healthcare employees. Also, two in 5 trans folks reported experiencing a lack of knowledge of the neighborhood’s distinctive healthcare wants.
In the US, OptumHealth Education, recently launched a training programme to advise healthcare professionals deal with folks within the LGBTQ+ neighborhood.
Earlier this yr, well being startup Plume raised $14 million in Series A funding for its digital platform designed to assist members of the transgender neighborhood discover well being companies. Meanwhile, Folx Health raised $25 million for its digital well being companies for LGBTQ+ people.
ON THE RECORD
Christopher El Badaoui, CEO at LVNDR, stated: “Healthcare is failing the LGBTQ+ neighborhood. Queer and trans people have confronted systemic discrimination and challenges in receiving an affirmative, inclusive, and respectful surroundings of care.
“At LVNDR, we want to change that, turning a feared experience into a celebratory one. We want to empower individuals to feel seen and have control over their health choices by providing access to tailored sexual health and gender identity services through an integrated digital clinic.”
Will Gibbs, principal and well being investor at Octopus Ventures, stated: “Time and time once more, when well being companies are designed by communities for his or her members, they obtain superior outcomes on each vectors, and my experiences as a homosexual man have additionally strengthened this. Once you’ve been to a LGBTQ sexual well being clinic (eg. Dean Street Express) it’s onerous to assume why a affected person would go anyplace else.
“Building a business where the clinicians understand, and even look and speak like patients is the first step in building a category leading health company that can solve issues that are felt in every country in the world.”
Adrian Kelly, lead commissioner at Sexual Health London, stated: “London is excited to work in collaboration with LVNDR. It’s critical we continue to seek out new perspectives, and innovative solutions if we are to succeed in our mission of transforming Londoners’ sexual health.”