Target Information
Apricity, founded in 2018 by Caroline Noublanche, is a pioneering London-based company known as the world’s first virtual fertility clinic. With its unique approach that integrates medical expertise and human support with advanced technologies, including artificial intelligence, Apricity aims to enhance the likelihood of conception for aspiring parents. The company has successfully raised a total of €8.8 million in funding, with the latest €6 million round led by AXA’s Kamet Ventures. Their platform not only connects potential parents with healthcare professionals but also mitigates the psychological challenges associated with fertility treatments by offering continuous, personalized advice.
Apricity's recent acquisition of Altrui, the UK’s leading egg donation service provider, marks a significant milestone in their journey. Altrui's extensive experience in the fertility sector enables Apricity to broaden its service offerings and fulfill its mission of becoming the primary access point for fertility services, supporting women and couples globally.
Industry Overview
The fertility industry in the UK has witnessed substantial growth, driven by increasing public awareness and acceptance of fertility treatments. As social trends evolve, more couples and individuals are opting to delay parenthood, leading to a rising demand for fertility services. This trend has also been further accentuated by advancements in technology that facilitate improved outcomes for prospective parents.
Moreover, the advent of 'femtech'—a segment focusing on women's health technology—has enabled new solutions to emerge within this sector. The integration of AI in fertility services, as seen in Apricity's model, positions the company at the forefront of innovation, which is pivotal for attracting customers who seek efficiency and effectiveness in their fertility journey.
Regulatory advancements in the UK have also played a crucial role, as increased government recognition and support for fertility services have streamlined the process for clinics and patients alike. The availability of government funding and initiatives allows for deeper research and better access to treatments, fostering an environment conducive to growth.
In addition, the growing focus on mental health surrounding fertility challenges has amplified the need for supportive services, such as those offered by Apricity. Many couples struggle with emotional and psychological burdens during treatment, and companies providing comprehensive care are likely to distinguish themselves and thrive in this market.
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Rationale Behind the Deal
The collaboration between Apricity and AXA’s Kamet Ventures is grounded in a shared vision of improving fertility care through innovative technology. The funding is intended to accelerate Apricity’s market entry and expand their offerings, particularly in partnership with AXA, which aims to empower women and couples navigating the complexities of fertility services.
Additionally, the acquisition of Altrui positions Apricity to enhance its value proposition in the fertility space further. By integrating Altrui's established services and experience, Apricity is poised to address a wider audience while simultaneously elevating the standard of care available to patients seeking fertility solutions.
Investor Information
Kamet Ventures, spearheaded by CEO Stéphane Guinet, is an investment firm focused on identifying and nurturing innovative healthcare solutions. Their portfolio showcases an array of companies across different markets, emphasizing 'femtech' as a pivotal area for investment due to its transformative potential within healthcare. Their backing of Apricity reflects a commitment to making a meaningful impact in women’s healthcare.
Kamet Ventures seeks to leverage its resources and expertise to accelerate Apricity’s growth trajectory. The firm believes that by investing in companies driving change in healthcare, they can support initiatives that make a significant difference in people's lives worldwide.
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This deal represents a promising investment opportunity within the burgeoning fertility sector. Apricity's innovative approach to fertility solutions, complemented by their recent merger with Altrui, strengthens their market position as they strive to redefine access to fertility services. The alignment of Apricity’s mission with Kamet Ventures’ strategic goals in femtech amplifies the potential for significant growth and impact.
Furthermore, the increased public focus on fertility and mental health creates a fertile environment, yielding numerous opportunities for Apricity as they expand their offerings. Their blend of technology and personalized services could meet the evolving needs of consumers seeking reproductive health solutions, positioning them favorably against traditional clinical models.
Additionally, the support from a renowned investor like AXA underscores the credibility and potential of Apricity in the eyes of other stakeholders. As the fertility landscape continues to evolve, Apricity stands to attract further interest and investment, supporting its goal to become the leading resource for fertility services in the UK.
In conclusion, the integration of technology with empathetic care, along with strong financial backing, makes Apricity a compelling investment opportunity within the healthcare sector, particularly in the realm of fertility services.
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AXA
invested in
Apricity
in 2023
in a Series A deal