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About Progyny
Industries
Financial Services
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2008
Overview
Progyny provides fertility benefits management services to employers, helping them offer comprehensive fertility and family-building benefits to their employees. The company focuses on a range of services including intrauterine insemination (IUI), in vitro fertilization (IVF), fertility preservation, adoption assistance, and surrogacy support. Progyny partners with employers to integrate these benefits into their existing employee packages, aiming to improve clinical outcomes and reduce costs associated with fertility treatments. Unlike many competitors, Progyny emphasizes superior clinical results that consistently exceed national averages and offers a seamless integration into benefits systems. The goal of Progyny is to meet the growing demand for fertility and family-building support in the workplace, making it easier for employees to access the care they need.
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Simplify's Take
What believers are saying
- Progyny's acquisition of BenefitBump enhances its family support services.
- Partnerships with insurers like Cigna expand Progyny's market reach.
- Increased demand for fertility benefits among millennials and Gen Z boosts Progyny's growth.
What critics are saying
- Integration of BenefitBump may disrupt Progyny's existing service delivery model.
- New executive appointments could lead to strategic shifts impacting operations.
- Dependency on partnerships like Cigna poses risks if dynamics change.
What makes Progyny unique
- Progyny offers comprehensive fertility benefits, including IVF, IUI, and surrogacy support.
- The company partners with employers to integrate fertility benefits into employee packages.
- Progyny's services exceed national clinical outcome averages, enhancing its competitive edge.
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Funding
Total Funding
$233.5M
Above
Industry Average
Funded Over
5 Rounds
Kleiner PerkinsBenefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Paid Vacation
Paid Sick Leave
Paid Holidays
Hybrid Work Options
Company Equity
401(k) Retirement Plan
401(k) Company Match
Performance Bonus
Family Planning Benefits
Fertility Treatment Support
Wellness Program
Mental Health Support
Company Social Events
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 0%2 year growth
↑ 0%Along with the announcement, Progyny also named Geoffrey Clapp as its first chief product officer.
NEW YORK, April 08, 2025 (GLOBE NEWSWIRE) -- Progyny, Inc. PGNY, a global leader in women's health and family building solutions, and The Broken Brown Egg, a nonprofit supporting BIPOC individuals and couples experiencing infertility, today announced the launch of their 2025 Awareness, Hope, and Activism (AHA) Grant, marking the fourth consecutive year of this family building partnership. The AHA Grant is an extension of the Broken Brown Egg's mission to break down the unique barriers that Black individuals face when pursuing fertility and family building care. These challenges include financial obstacles, health disparities, and persistent social stigmas that often go unaddressed in traditional healthcare settings. By providing comprehensive support through education, specialized treatment access, financial assistance, and emotional resources, the grant creates pathways to parenthood that might otherwise remain out of reach. "Every year I'm moved by the stories of resilience from our community members navigating fertility challenges," said Regina Townsend, Founder, The Broken Brown Egg
Progyny (NASDAQ: PGNY) has launched its new Parent and Child Well-being offering, expanding its family building solutions portfolio.
WELLESLEY, Mass., March 4, 2025 /PRNewswire/ -- Sun Life U.S. is now offering menopause benefits to its employees, recognizing the opportunity to cover an ongoing gap in women's healthcare and provide the specialized support women often need during this time. According to the National Institute on Aging, menopause symptoms can last anywhere from two to eight years, yet 73% of women don't seek proper treatment to manage them. Sun Life's new benefit, provided by Progyny, is available to employees at no cost, part of the company's comprehensive suite of benefits and employee programs. Sun Life employees also have access to Progyny's suite of fertility and family forming services. "It's time to normalize menopause in the workplace," said Tammi Wortham, senior vice president, Human Resources, Sun Life U.S
Provides expecting parents with a concierge-level service model that delivers expert guidance, navigation and support for parental leave planning NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- Progyny, Inc. (Nasdaq: PGNY), a transformative fertility, family building, and women’s health benefits
Progyny is Hiring for 24 Jobs on Simplify!
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Medical, Clinical & Veterinary
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About Progyny
Industries
Financial Services
Healthcare
Company Size
501-1,000
Company Stage
IPO
Headquarters
New York City, New York
Founded
2008
Progyny is Hiring for 24 Jobs on Simplify!
Find jobs on Simplify and start your career today
Medical, Clinical & Veterinary
3 Open Roles
People Also Viewed
Discover companies similar to Progyny