Carrot Fertility Exit Candidate

Employees 150+
Primary contact

🏦 Potential exit path: SPAC, IPO, M&A
Carrot is a complete global fertility benefits solution for today's modern employers and payers, providing flexible financial coverage and expert care navigation across the U.S. and 50+ countries. The company serves both startups and global corporations, helping them avoid nearly 70% of high-cost pregnancies with flexible plan designs. The tech-enabled service includes desktop & mobile app from where employees can utilize their fertility benefit and access personalized content. Carrot works with 4,500+ clinics and agencies in 60+ countries, and earns revenue based on a flat, annual fee determined by each company’s size.
Select clients: Box, Slack, Stitch Fix, Peloton, Foursquare, Samsara, Clif Bar & Company, MasterClass, Barry's Bootcamp.
Employees 150+
Primary contact

Funding πŸ’°

Total $114.2M
Last round πŸ”— $75M
Series C
August 17, 2021.
Select investors Uncork Capital, Maven Ventures, Sound Ventures, Founders Fund, Tiger Global Management, US Venture Partners, F-Prime Capital, CRV, OrbiMed

Key people πŸ§‘β€πŸ€β€πŸ§‘

  • Tammy Sun - Co-founder & CEO
  • Dr. Asima Ahmad - Co-founder & Chief Medical Officer
  • Juli Insinger - Co-founder & VP, Business Development
  • Dr. Sheryl VanderPoel - Chief Scientific Advisor, Global Operations
  • James Wong - VP, Product Management

Highlights ⭐

  • The number of large companies and employers that newly-introduced or enhanced their family-building (fertility, adoption, or foster) benefit grew 8% year-over-year and is now approaching 800 large organizations globally. πŸ”—
  • More than 100 companies around the world have entrusted Carrot Fertility with fertility care for their employees.
  • As of August 2021, Carrot is on track to serve 450 customers and nearly 1 million covered lives in a year - nearly quintupling its growth in the last 18 months. πŸ”—
  • As of August 2021, Carrot has processed "tens of millions" of dollars in insurance claims, with its revenue growing five times in the last two years. πŸ”—
  • We've seen a related M&A deal when Labcorp acquired Ovia Health πŸ”—
Last update: August 20, 2021