Legacy Labs are specifically designed for individuals beginning surgery or fertility-compromising treatments for illnesses like cancer, and need to bank sperm immediately. Like others in the space, the company is going hybrid and launching Legacy Labs, which are physical labs that allow customers to receive same-day, at-home service. With this latest funding round, Legacy plans to double its headcount and scale its offerings beyond sperm testing, freezing and fertility support. Legacy has seen consistent momentum since its inception and says it increased its revenue seven-fold in 2020, quadrupled it in 2021 and currently tests and freezes more sperm than any other fertility clinic. In order to address this issue the company recently also partnered with RESOLVE, the National Infertility Association to work towards a more inclusive discussion of fertility-related challenges. Backed by celebrity investors Justin Bieber, The Weeknd, Orlando Bloom and DJ Khaled, the company empowers all sperm producing individuals to be part of the fertility solution, a challenge that typically falls on women to solve. Legacy was founded in 2018 by Khaled Kteily with the goal to demystify male fertility by making sperm analysis, DNA fragmentation and sperm freezing more accessible. This financing brings the company’s total funding to $45M. Other participants in the round include existing investors FirstMark Capital, Section 32 and TQ Ventures, as well as new investor Valor Equity Partners.
Male fertility startup Legacy has raised $25M in Series B funding led by Bain Capital Ventures.
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