Fertility startup Kindbody is considering selling itself after a funding round fell through earlier this year, and it’s seeking to raise $10 million to sustain operations in the interim, according to a document reviewed by Bloomberg and people with knowledge of the matter. Kindbody has fielded takeover proposals from outside buyers, said the people, who asked not to be identified discussing private conversations. Before any potential sale, the startup is soliciting bridge financing from new and existing investors, according to the people and the document. Kindbody spokeswoman Margaret Ryan said in a statement that Bloomberg’s reporting for this story was “categorically false.”
Read the full article: Fertility Startup Kindbody Considers Sale While Seeking Funding //
Source: https://finance.yahoo.com/news/fertility-startup-kindbody-considers-sale-204358837.html