Legacy, North America’s leading digital fertility clinic for men, has secured $7.5 million in financing to advance its mission of making male fertility services more accessible. This funding will support the fulfillment of two recently signed contracts to serve over nine million veterans.
Legacy, advised by top fertility experts, offers sperm testing and freezing through at-home kits shipped directly to clients. To date, the company has analyzed more than 25,000 sperm samples at its two state-of-the-art andrology labs, surpassing any other clinic.
Recent studies indicate a 50% decline in the average global sperm count over the last 40 years, with 1 in 6 couples now experiencing infertility. Legacy CEO Khaled Kteily highlights the gravity of this issue: “This is the issue of our time. Per recent studies, the average sperm count is declining about 26% per decade. In other words, we’re firmly on the path to sperm count zero AKA ‘spermageddon’, where we are functionally incapable of conceiving without the use of assisted reproductive technologies.”
Kteily predicts a shift in societal norms regarding sperm preservation: “Our prediction has always been that within five years from now, sperm freezing will be as normal for someone to talk about as egg freezing is today.”
Dr. Ramy Abou Ghayda, urologist and Legacy’s chief medical officer, advocates for early sperm preservation: “It’s a smart idea to preserve your fertility at its peak. Freezing sperm at its youngest and healthiest gives you a greater chance of having healthy children. It’s a great life insurance policy.”
The recent funding round was led by TRAC.vc, a venture capital fund that uses an AI-powered algorithm for investment decisions. Legacy had previously raised over $40 million from a consortium that includes Bain Capital Ventures, FirstMark Capital, and celebrities like Justin Bieber, The Weeknd, Orlando Bloom, and DJ Khaled.
“In a challenging economic environment, this fundraise takes us to profitability, which means we’ll be able to grow and scale on our own terms,” said Kteily.
In addition to serving the military, Legacy is trusted by institutions such as the Cleveland Clinic, NYU Langone Health, UnitedHealthcare, Aetna, Cigna, and other leading payers and providers.
