Legacy, a sperm testing and freezing service, raises $1.5M
Legacy, a male fertility startup that won TechCrunch’s Startup Battlefield competition at Disrupt Berlin 2018, is today announcing a $1.5 million seed round led by Bain Capital Ventures. The news follows an announcement from Dadi, a sperm storage business that closed on $2 million in capital commitments from London-based seed fund firstminute capital and New York-based Third Kind Venture Capital four months ago.
Founder and chief executive officer Khaleed Kteily tells TechCrunch that Legacy, which is based out of the Harvard Innovation Labs in Boston, will use the capital to expand its sperm analysis, improvement and cryogenic storage services.
Like the genetic testing business 23andMe, Legacy sends a collection kit directly to the homes of its customers, allowing them to masturbate and collect a sperm sample in the comfort of their own homes. Once the sample is mailed back to Legacy, the company tests the sperm collection’s mobility and morphology (the size and shape of the sperm), to identify