Stork Club Launches to Bring Gender Equity to the Workplace and Save Businesses Money on Healthcare; Raises $2.7M from Bowery Capital and Slow Ventures
Stork Club unveils its comprehensive maternity care platform with the goal of modernizing maternity healthcare to deliver better health outcomes, tackling a $130 billion market. It is also announcing $2.7M in seed funding from Bowery Capital, Slow Ventures, and angels Arianna Simpson (Partner at Andreessen Horowitz), Kevin Mahaffey (Co-founder of Lookout) and others. Loren Straub from Bowery Capital is joining the board. Stork Club will use the investment to expand its go-to-market capabilities and bring more inclusive maternity care coverage to enterprises.
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Stork Club is the only enterprise solution consolidating all aspects of fertility and maternity care into one concierge-like experience resulting in better outcomes, while drastically reducing employers’ healthcare costs. Unlike a perk or another app, Stork Club extends traditional healthcare coverage to historically overlooked, yet critical components of maternal health: diagnostics, egg and sperm freezing, IVF, surrogacy, adoption, childbirth with doulas and breastfeeding support. For a company with a few thousand employees, Stork Club can save up to $3 million dollars per year.
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Already providing services to thousands of employees from companies in the healthcare, finance, and technology sectors, Stork Club helps companies retain and attract top diverse talent, and help employees build families.
The current health crisis proves our healthcare system is failing women, despite a rise in the expense. After payroll, health insurance is the second largest expense for an organization, costing over $1 trillion per year, and growing. Within insurance, maternity care is the largest expense, which costs companies $130 billion a year. Outdated, the healthcare model does not promote gender equity, LGTBQ+ families, or include support beyond pregnancy care.
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