About Progyny
Progyny is a company based in New York (United States) founded in 2008.. Progyny has raised $24.77 million across 3 funding rounds from investors including Kleiner Perkins, TPG and SR One. The company has 680 employees as of December 31, 2024. Progyny has completed 2 acquisitions, including Apryl and Benefit Bump. Progyny offers products and services including Fertility Benefits, Pregnancy Care, and Menopause Benefits. Progyny operates in a competitive market with competitors including Fertility Authority, MynewMD, EggBanxx and Dominion Gynecology, among others.
- Headquarter New York, United States
- Employees 680 as on 31 Dec, 2024
- Stage Public
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Sectors
TechnologyHealthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Progyny, Inc.
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Annual Revenue
$1.17 B7.22as on Dec 31, 2024
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Net Profit
$54.34 M-12.41as on Dec 31, 2024
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EBITDA
$70.63 M9.56as on Dec 31, 2024
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Total Equity Funding
$24.77 M (USD)
in 3 rounds
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Latest Funding Round
$10 M (USD), Series B
May 02, 2017
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Investors
Kleiner Perkins
& 5 more
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Employee Count
680
as on Dec 31, 2024
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Investments & Acquisitions
Apryl
& 1 more
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IPO & Listings of Progyny
Progyny is a publicly listed company on the NASDAQ with ticker symbol PGNY in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Progyny
Progyny offers a comprehensive portfolio of products and services, including Fertility Benefits, Pregnancy Care, and Menopause Benefits. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Supports fertility treatments and family building for employees.
Offers pregnancy and postpartum support programs.
Provides care for menopause and midlife health needs.
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Sales and Marketing
52 people
Leadership Team
35 people
Software Development Team
19 people
Product Management Team
15 people
Senior Team
9 people
Finance and Accounting
8 people
Human Resources and Administration
4 people
Data Analysis and Operations Team
4 people
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Funding Insights of Progyny
Progyny has successfully raised a total of $24.77M across 3 strategic funding rounds. The most recent funding activity was a Series B round of $10 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series B — $10.0M
- First Round First Round
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Series B - Progyny | Valuation | TPG , SR One |
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| Jun, 2016 | Amount | Series B - Progyny | Valuation | SR One , Union Grove Venture Partners |
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| Apr, 2015 | Amount | Series A - Progyny | Valuation | TPG , SR One |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Progyny
Progyny has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include Kleiner Perkins, TPG and SR One. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location | |
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A biotechnology venture capital firm investing in innovative science.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Progyny
Progyny has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Apryl and Benefit Bump. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Employee benefit services are provided to organizations.
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2020 | ||||
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Healthcare benefits and consultation services are provided for employees.
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2019 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Progyny
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Progyny Comparisons
Competitors of Progyny
Progyny operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Fertility Authority, MynewMD, EggBanxx and Dominion Gynecology, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Fertility information and resources are shared online with appointment booking.
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| domain | founded_year | HQ Location |
Offers a platform for convenient healthcare appointment booking.
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| domain | founded_year | HQ Location |
Offers fertility, family building, and women's health benefits to companies worldwide.
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| domain | founded_year | HQ Location |
Offers comprehensive online consultation services with gynecologists for personalized healthcare.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Progyny
Frequently Asked Questions about Progyny
When was Progyny founded?
Progyny was founded in 2008 and raised its 1st funding round 7 years after it was founded.
Where is Progyny located?
Progyny is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Progyny a funded company?
Progyny is a funded company, having raised a total of $24.77M across 3 funding rounds to date.
How many employees does Progyny have?
As of Dec 31, 2024, the latest employee count at Progyny is 680.
What is the annual revenue of Progyny?
Annual revenue of Progyny is $1.17B as on Dec 31, 2024.
What does Progyny do?
Progyny was founded in 2008 in New York, United States, within the healthcare sector focused on fertility services. A platform is provided for users to locate and schedule appointments at fertility clinics. Inclusive benefit plans are made available to employers for addressing employee fertility needs. Operations center on streamlining access to fertility care through technology-driven solutions.
Who are the top competitors of Progyny?
Progyny's top competitors include Fertility Authority, MynewMD and EggBanxx.
What products or services does Progyny offer?
Progyny offers Fertility Benefits, Pregnancy Care, and Menopause Benefits.
Is Progyny publicly traded?
Yes, Progyny is publicly traded on NASDAQ under the ticker symbol PGNY.
How many acquisitions has Progyny made?
Progyny has made 2 acquisitions, including Apryl, and Benefit Bump.
Who are Progyny's investors?
Progyny has 6 investors. Key investors include Kleiner Perkins, TPG, SR One, Union Grove Venture Partners, and Mellon.
What is Progyny's ticker symbol?
The ticker symbol of Progyny is PGNY on NASDAQ.