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Health Startup Folx Raises $30 Million as GOP Tries to Limit LGBTQ Rights

Telehealth service seeks to expand care access for underserved community.

A person holds a rainbow pride flag in New York.

A person holds a rainbow pride flag in New York.

Photographer: Amir Hamja/Bloomberg

Folx Health, which seeks to expand access to healthcare for LGBTQ people, completed a $30 million funding round Wednesday, attracting support from investors amid a push by Republican lawmakers across the country to limit the community’s rights.

The money will go toward launching support groups for LGBTQ people interested in family planning, Chief Executive Officer Liana Douillet Guzmán said in an interview. The company, which has raised a total of $59.4 million, already offers its members virtual primary care consultations as well as prescriptions for drugs including hormone replacement therapy and birth control, and rolled out an employer-subsidized healthcare option in June.