Carrot Fertility
Global employee fertility benefits provider
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Company mission
To make fertility and family-forming care accessible and affordable to all — regardless of age, race, sex, sexual orientation, gender identity, or geography.
Employees
201-500
HQ Location
Menlo Park, CA
OTTA INSIGHTS
Otta's take on Carrot Fertility
Sam Franklin
CEO of Otta
Carrot Fertility allows employers to provide fertility healthcare benefits to their staff. The company’s program includes IVF, egg freezing, donor and gestational carrier services, adoption, and pharmaceutical services. Carrot services over 400 companies in over 60 countries, and has clients such as Peloton, Box, Slack and Eventbrite.
Given that the last decade has seen a 25% rise in parents using assisted reproductive technology, Carrot is operating in a growing space. The global fertility services market is expected to be worth over $40 billion by 2026. This is reflected in the surge of investment in the fertility space, which has trebled in the last decade to over $600 million per year.
Carrot has seen significant growth over the past few years, and this is expected to continue due to a shift towards telehealth transactions as well as a changing view of fertility services no longer being a perk, but a basic health requirement.
Total funding - $114.3m
Last 2 fundraises
Aug 2020
$24m
SERIES B
Aug 2021
$75m
SERIES C
This company has top investors
Company benefits
- Medical, dental, vision, and a $15,000 lifetime maximum benefit for fertility and family-forming
- Access to licensed therapists and board-certified physicians
- Productivity stipend
- Co-working space
- Up to 14 weeks of fully paid time off for all new parents for the birth, adoption, or foster care placement of a child
- 401(k)
- Home office stipend
- Flexible time off policy
Founders
Tammy Sun
(CEO)Was an Executive Assistant in the Vice President's office at the White House. Acted as Deputy Director of the Clinton Foundation, and then worked as Director of Communications at the Federal Communications Commission in DC.
Asima Ahmad
(CMO)Studied at Harvard and the University of Chicago. Was a Clinical Resident specializin in Obstetrics at Yale-New Haven Hospital. Is President and Co-Founder of Umeed Foundation.
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Finance, Legal & Compliance