Fourteen years later, with a 14-year-old at home, Gordon is no longer the core customer for the platform. It’s now a registry, an ecommerce destination for new parents, and an affiliate sales powerhouse—a profitable one that brings in more than $500 million in annual revenue, Fortune is the first to report. Gordon tells new hires at Babylist who don’t have kids that they’re closer to their core user—brand-new parents—than she is.
The growth of Babylist to become a half-billion-dollar business has depended on reaching a broader market of parents. The platform has traditionally been a place for people to register for and buy everything from $29 baby bottles to a $1,399 gliding nursery chair. Two years ago, the company secured licenses to operate a health vertical, where parents can order breast pumps covered by insurance, Medicaid included. That vertical is already a $50 million business. Forty percent of infants in the U.S. are born under Medicaid, and Babylist aims to serve 80% of that population by 2027. “There are so many parts of having a baby that are truly universal,” Gordon says of getting to know the Medicaid customer. “We do an exceptional job of serving both those audiences.”
For Gordon, this growth has also come from her aversion to a traditional part of running a startup: fundraising. “I was actually kind of terrible at fundraising,” she remembers. She raised less than $50 million over the past 14 years. “That felt like it was a curse, and now it’s a blessing,” says Gordon. “We always treated it as a business, not a startup.”
