Foresight Group is a listed infrastructure and private equity investment manager which has been managing funds on behalf of institutions and retail clients for more than 35 years. Foresight has over £7.2 billion of assets under management across a number of funds on behalf of some of the world’s largest institutional investors, family offices, private and high net-worth individuals and retail investors. Foresight's investment strategies are underpinned by a strong environmental, social & governance (“ESG”) focus, which increasingly meets the demands of today’s investors and ensures we are consistently working towards creating a sustainable legacy for future generations.

Foresight Group

Upscale helps the UK’s most promising tech companies to accelerate their growth and unlock the key to scaling successfully. Based on the values of honesty, intimacy and trust, this established, curated programme is designed to reflect companies’ scaling journeys, exploring fundamental growth challenges, such as hiring, maintaining company culture and international expansion. Companies on the Upscale programme will benefit from open conversations, peer-to-peer learning opportunities, meetups and workshops, delivered by expert scale coaches and seasoned entrepreneurs who have been through it all. It’s free to join, and they don’t take an equity stake in your business either.

Upscale

OvuSense (Fertility Focus)

The OvuSense™ fertility monitoring family is designed for every step in your journey to pregnancy. From getting pregnant to getting help, we're with you every step of the way. The OvuSense family provides everything you need in ovulation and cycle monitoring to improve your chances of getting pregnant. Designed for your complete fertility journey, the OvuSense family works seamlessly with the OvuSense App to upload your data and provide you fertility updates in real time.

<div><p>Based in the UK, viO HealthTech (formely known as Fertility Focus) offers the “OvuSense” device, which uses the core body temperature of women to predict ovulation 24 hours in advance, or to confirm ovulation. The device is inserted in the vagina overnight to gather core body temperature data, which it then communicates to smartphones, allowing users to access the data and insights. The company claims that it can predict the exact date of ovulation with 99% accuracy. As of February 2021, the device was licensed for sale in the UK, the EU, and the US.</p></div>

Long-term demographic changes are finally bringing fertility technologies into focus.

Fertility Tech

viO HealthTech

<div>
  <p>
    Based in the UK, viO HealthTech (formely known as Fertility Focus) offers the “OvuSense” device, which uses the core body temperature of women to predict ovulation 24 hours in advance, or to confirm ovulation. The device is inserted in the vagina overnight to gather core body temperature data, which it then communicates to smartphones, allowing users to access the data and insights. The company claims that it can predict the exact date of ovulation with 99% accuracy. As of February 2021, the device was licensed for sale in the UK, the EU, and the US.
  </p>
  <p>
    In addition, it also provides the “OvuSense Pro,” which provides a clinical portal for users to share data from their OvuSense device with their doctors. This way, users can identify issues such as risks of miscarriage and potential pregnancy complications. viO HealthTech also provides a closed support group on Facebook to support women with Polycystic ovary syndrome (PCOS).
  </p>
  <p>
    viO HealthTech raised GBP 250,000 (around USD 340,000) in debt funding from the Midlands Engine Investment Fund (MEIF) in January 2021, which it will use to expand its workforce, invest in research and development (R&D), and safeguard against adverse impacts from the Covid-19 pandemic. Furthermore, in February 2021, the company partnered with sperm test kit manufacturer ExSeed to offer its products as a holistic fertility tracking and testing solution for men and women. 
  </p>
</div>


<div>
  <p>
    Glow offers apps that track data related to women’s fertility including ovulation cycle and pregnancy tracking. In addition to apps, the company also offers individualized fertility coaching, clinic identification and community support, and links patients with clinics for procedures such as egg freezing. 
  </p>
  <p>
    Glow generated around USD 0.3 million monthly revenue in October 2020, and as of February 2019 it had around 15 million users, and claims to have helped about 950,000 women get pregnant (from May 2013 to February 2019). In February 2019 Glow partnered with US Match Group (provider of dating products such as Match.com and Tinder), to provide Match’s employees with egg freezing benefits at reputed fertility clinics. In May 2017 it partnered with the National Institute of Health (NIH) to update a prediction model for couples trying to conceive.  
  </p>
  <p>
    In 2020, the company faced investigations into privacy and security failures involving its app. Glow agreed to pay a USD 0.25 million settlement in September 2020.
  </p>
  <p>
  </p>
</div>


Glow

<div>
  <p>
    Inne, based in Germany, offers an at-home mini lab kit for women. Hormone analysis is conducted based on saliva samples. The lab device connects to smartphones for storage and access to the analysis results.
  </p>
  <p>
    Unlike peer offerings, Inne does not attempt to predict future cycles and fertility dates, and instead educates users about their bodies, with information on what changes they should feel in response to the hormonal levels on the day.
  </p>
  <p>
    In May 2022, Inne 
    <a href="https://sp-edge.com/updates/10667?industryIds=40">
      <u>raised USD 10 million</u>
    </a>
     in an extension to its Series A round led by DSM Venturing. The company utilized the funds to continue the development of its mini lab and platform, grow its team, and support its expansion across the US, where it aims to enter with its perimenopause feature, followed by an expanded product launch in late 2022.
  </p>
  <p>
  </p>
</div>


Inne

<div>
  <p>
    Proov (formerly known as MFB Fertility) offers the at-home “Proov'' ovulation and progesterone test. Proov tracks hormone levels in urine over multiple days, after suspected ovulation, and estimates whether the progesterone levels are sufficient for implantation, during the 7-10 day implantation window.
  </p>
  <p>
    As of May 2021, it was the only FDA-cleared urine PdG (urine metabolite of the progesterone hormone) test, and its method of determining the fertile window was patented. Moreover, it received the CE marking and expanded its sales footprint to Europe in June 2021.
  </p>
  <p>
    In June 2020, the company received a USD 1.3 million deal from the US Air Force, to provide Proov kits to enrolled individuals. The Proov test was distributed through leading US retailers such as Target and Amazon, and was also used by doctors across the country.
  </p>
  <p>
    Proov raised USD 9.7 million in Series A funding in December 2021, in a round led by Hambrecht Ducera Growth Ventures, with participation from other venture capital firms such as SteelSky Ventures, WCC Partners, and Lightship Capital, among others. The company expects to use the funding to grow its “Complete” product, which includes follicle-stimulating hormone tests and other multi-hormone tests that measure estrone glucuronide, LH and PdG.
  </p>
</div>


Proov

<div>
  <p>
    Progyny works with employers (primarily large enterprises in the US) to optimize the fertility benefits they offer for their employees. It connects employees to fertility specialists and clinics, and also offers extensive support to patients through their Progyny Patient Care Advocates, who provide clinical guidance, education, and emotional support.
  </p>
  <p>
    The company was founded as a fertility education platform and eventually included in vitro fertilization (IVF) referral network Fertility Authority and reproductive health company Auxogyn, into its network. The company pivoted into offering fertility benefit solutions in 2016, and launched Progyny Rx (fertility medication benefit) in 2018.
  </p>
  <p>
    Progyny connects patients to a network of 800 fertility specialists and nearly 600 clinic locations.&nbsp;
  </p>
  <p>
    <b>Key customers and partnerships</b>
  </p>
  <p>
    As of March 2022, the company served 264 enterprise customers (including Facebook, Microsoft, Google, and Nasdaq), and had 3.9 million active members.
  </p>
  <p>
    <b>Funding and financials</b>
  </p>
  <p>
    In October 2019, Progyny raised USD 130 million through its IPO, where it was listed on the Nasdaq.
  </p>
  <p>
    In FY2021, the company reported a revenue of USD 500.6 million reflecting a 45% YoY growth and a net income of USD 65.8 million. The company&rsquo;s revenue for 
    <a href="https://sp-edge.com/updates/14396">
      <u>Q3 FY2022</u>
    </a>
     amounted to USD 205.4 million, representing 68% YoY growth. The management&rsquo;s revenue guidance for FY2022 ranges between USD 775 million and USD 785 million, which implies an YoY growth of 55% to 57%.
  </p>
</div>


Progyny

<div>
  <p>
    Prima Temp offers the artificial intelligence (AI) assisted “Priya” intarvaginal ring sensor and accompanying app to continuously measure a woman’s core body temperature, predicting fertility windows. The app uses big data to improve its predictions, and the app notifies the user of fertile windows. The company also offers the “Kindara” fertility tracking app, which provides fertility related education and links users to a community of over 140,000 members.  
  </p>
  <p>
    The company raised USD 5 million in funding in May 2019 from Gedeon Richter, a Hungarian pharmaceutical company. Although the company primarily focuses on fertility monitoring, it intends to expand its offerings to include other areas of fertility management such as contraception and menopause.  
  </p>
  <p>
  </p>
  <p>
  </p>
</div>


Prima Temp

Uses AI/ML to improve cycle predictions and track symptoms

Some startups use genetic screening to tailor treatment or identify underlying issues

Offers digital platforms and apps to provide fertility-related support

Test kits which use saliva, blood, or temperature to determine hormone levels and form conclusions on fertility and fertility cycles.


viO HealthTech

Fertility Tech

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