Hanna Life Technologies, a startup for couples trying to conceive, announced today it has raised $5.15 million in pre-Series A funding led by Monk’s Hill Ventures. Other investors include Golden Gate Ventures, Anthro Ventures and medical technology entrepreneur Dr. Jack Wang. The funding came about 18 months after the company raised seed funding from Y Combinator.
Benjamin Tee, co-founder of Hannah Life along with Prusotman Raja, told TechCrunch that he and his wife have gone through inexplicable fertility, a physically and emotionally stressful time. “While my wife and I finally got pregnant with IVF, I felt there could be non-invasive home technology to help couples get pregnant sooner.”
Tee, who met Raja through the Stanford Biodesign Program, also found that “the burden of pregnancy often falls on the female in many cultures. As men, we also wanted to help balance the notion that infertility is often caused by female factors. Approximately half of fertility problems are related to men, such as low sperm quantity and quality.”
The company offers three mainstream direct-to-consumer products designed to provide couples with non-invasive home services as an adjunct to in-clinic procedures such as intrauterine insemination (IUI).
The twoplus semen guide is a patented device made from medical grade silicone that concentrates semen near the opening of the cervix, increasing the chance of conception. The twoplus applicator was created for couples trying to conceive without penetrative sex and applies semen directly to the opening of the cervix. The twoplus Hormone Test provides detailed hormone reports to help couples determine their fertility levels and potential health issues.
The company says it has provided products to more than a thousand households in Singapore and the UK since launching in August 2021, with revenue up over 300% quarter-on-quarter.
Credit: techcrunch.com /