Funds Propel Telehealth Lactation Leader to Scale Operations and Expand into New Markets
Nest Collaborative, the virtual lactation support platform, has secured $6M in funding, bringing its total funding to over $10M. Altitude Ventures led the round, and was joined by a diverse investment group including Bread & Butter Ventures, Carnrite Ventures, Connecticut Innovations, Hustle Fund and Wavemaker 360.
Offering virtual on-demand breastfeeding support 365 days per year, Nest Collaborative goes beyond by providing acute and preventive care as well as comprehensive education for both prenatal and postpartum parents. Notably, the company’s services are covered with no out-of-pocket costs by over 250 insurance plans, including most national payers. Nest Collaborative stands out in bridging the gap between parents and expert lactation support nationwide.
“We are thrilled to announce the successful completion of our Series A funding round,” said Nest CEO Judith Nowlin. “This significant investment reaffirms the confidence our investors have in Nest Collaborative and underscores the value they see in our mission to ensure that everyone who desires lactation support has timely and affordable access to it. Altitude Ventures and all of our investment partners recognize the potential in our virtual lactation platform for not only the positive impact on breastfeeding rates across the nation, but also the importance of filling the gap of support in the immediate postpartum period when families often find themselves completely on their own.”
Addressing the stark disparity in IBCLC coverage where the U.S. has approximately half the clinicians required to meet the needs of 3.6 million newborns annually, Nest has emerged as a leading solution to provide timely access to evidence-based care. The measurable positive impact of Nest Collaborative’s groundbreaking work is reflected in its unwavering 100% patient satisfaction rates and an average NPS of 90+. Empowered by the new funding, Nest Collaborative is now in a position to continue expanding its trailblazing initiatives, providing accessible and evidence-based lactation support to families across the nation.