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+ group.
The spherical was led by Octopus Ventures, alongside Calm Storm Ventures, Soho Ventures and a number of other angel buyers.
Analysis 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 better entry to tailor-made LGBTQ+ sexual healthcare.
LVNDR is working with Sexual Well being London, the biggest 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 way of partnerships with UK healthcare suppliers. It’s also increasing its group with a concentrate on key senior roles in product, operations, and partnerships.
THE LARGER CONTEXT
Stonewall’s Well being in Britain report discovered one in eight LGBTQ+ individuals have confronted unequal remedy from healthcare workers. Additionally, two in 5 trans individuals reported experiencing a lack of know-how of the group’s distinctive healthcare wants.
Within the US, OptumHealth Training, not too long ago launched a coaching programme to advise healthcare professionals the best way to deal with individuals within the LGBTQ+ group.
Earlier this 12 months, well being startup Plume raised $14 million in Sequence A funding for its digital platform designed to assist members of the transgender group discover well being companies. In the meantime, Folx Well being 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+ group. Queer and trans people have confronted systemic discrimination and challenges in receiving an affirmative, inclusive, and respectful setting of care.
“At LVNDR, we need to change that, turning a feared expertise right into a celebratory one. We need to empower people to really feel seen and have management over their well being selections by offering entry to tailor-made sexual well being and gender identification companies by way of an built-in 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. After you have been to a LGBTQ sexual well being clinic (eg. Dean Road Categorical) it’s exhausting to suppose why a affected person would go wherever else.
“Constructing a enterprise the place the clinicians perceive, and even look and communicate like sufferers is step one in constructing a class main well being firm that may remedy points which can be felt in each nation on the planet.”
Adrian Kelly, lead commissioner at Sexual Well being London, stated: “London is worked up to work in collaboration with LVNDR. It’s vital we proceed to hunt out new views, and modern options if we’re to reach our mission of reworking Londoners’ sexual well being.”