Vault, a new men’s health and wellness company, raised $30 million in Series A funding for expansion, taking aim at other male-focused telemedicine companies like Hims, Ro, and Manual, and wellness brand Asystem.
WHO: Vault Health, an at-home healthcare practice specializing in men’s medicine, was launched last summer by founder and CEO Jason Feldman, who formerly headed Amazon’s Prime Video Direct and Global Innovation.
WHY: This funding will allow the business to reach more potential patients and expand to more areas beyond New York, Florida, Tennessee, and Texas, where it currently offers treatments to 42 cities across the US. Vault offers at-home or in-office visits with nurse practitioners to measure the testosterone levels of customers, followed by a doctor’s prescription for injections, topical gels, creams, or oral medication. Vault also offers three kits that include various ingestibles focused on physical appearance, sex drive, and mental awareness.
IN THEIR OWN WORDS: “I want to de-stigmatize men’s health,” Feldman told TechCrunch. “You tell a guy to go see the doctor about his heart health and he likely won’t but you tell him you’ll bring him a doctor to help his penis and it’s a different story.”
- Vault raised $30 million in Series A funding from Tiger Capital Group, Declaration Capital, and Redesign Health.
- Vault does not take insurance; rather, patients sign up for memberships from $133 to $300 per month.
- The brand has signed up over 500 medical practitioners and has hired a chief medical officer.
Photo: via Vaulthealth.com