Progyny, which manages fertility benefits for large employers, has hired banks for an IPO

The New York-based company, which started in its current form in 2015, is one of a series of health-technology start-ups that sells health and technology services to large employers.

The company competes in women's health space, alongside venture-backed start-ups like Carrot Fertility, which is especially important to employers as a tool for recruitment and retention.

Specifically, Progyny helps employees get matched with resources when they are faced with fertility issues and helps them manage the cost. The company also provides coaches to patients to help them understand the risks and benefits of various procedures, including in-vitro fertilization and egg freezing.

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