Nest Collaborative 16 January, 2024
Nest Collaborative, the premier virtual lactation support platform, has secured $6M in funding, bringing its total funding to over $10M. Altitude Ventures, a healthcare-focused venture capital fund, led this round and were 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.
Judith Nowlin, CEO, shares, "We are thrilled to announce the successful completion of our Series A funding round. 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 needed 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.
About Nest Collaborative:
Nest Collaborative is the pioneer behind the nation’s premier virtual lactation support platform. With a network of International Board Certified Lactation Consultants (IBCLCs) serving all 50 states, Nest Collaborative offers prompt virtual consultations from the comfort of home. Partnering with care providers such as OBGYNs and Pediatricians who need to augment their lactation support staff, Nest Collaborative has facilitated over 50,000 lactation support encounters. The Affordable Care Act’s mandate covering breastfeeding support as a preventive service ensures 99% of patients incur zero out-of-pocket expenses.
Awarded as the “Best Online Lactation Consultant” for three consecutive years by Verywell Family, Nest Collaborative’s commitment to accessibility is evident in offering insurance-covered appointments across 250 plans and providing same-day availability. The commitment to innovation earned Nest the designation of “Top 12 Telehealth Innovators in the Country” by the American Telemedicine Association (ATA).
About Altitude Ventures:
Altitude Ventures (AV) provides early-stage venture capital financing to healthcare services and technology startups that improve healthcare. With offices in Nashville, Tennessee and Houston, Texas, AV leverages its combined industry expertise, relationships, investment experience, and infrastructure to benefit entrepreneurs, investors, and the overall healthcare system.