Future Family, Which Makes Fertility Care Accessible and Affordable, Announces $9 Million in Funding to Expand Clinic Partnerships Nationwide
The leading fintech solution for fertility treatment with services like egg freezing, IVF, and concierge care prepares to meet booming demand as fertility treatments resume after COVID-impacted clinic shutdowns
San Francisco, May 24, 2021 — Future Family, which combines fintech, fertility, and concierge care to empower women and couples throughout their fertility journey, today announced a $9 million round of series A-1 financing. With the fertility sector set to face record demand after a year-long shutdown of fertility clinics nationwide, the company is using the funds to accelerate its clinic partnership network and meet demand.
Future Family is the only fintech platform to offer a simplified monthly payment for fertility that can be customized as you go with services like egg freezing, IVF, and concierge care. Their personalized buy-now-pay-later plan offers the most flexible financing option on the market today, uniquely equipping individuals seeking fertility treatment to move forward without having to pay costly out-of-pocket expenses upfront.
Key features include:
- Customizable plan to cover as much or as little as the upfront cost as you choose
- A dedicated Fertility Coach to work with as you go through treatment. All Fertility Coaches are registered nurses with clinical fertility experience who are available on-demand for consultations and to answer questions and support clients.
- Bill payment management
- Medication ordering support and training
- 24/7 on-demand support
Despite suspension of fertility treatment during COVID-19, the company doubled its clinic network nationwide including the recent addition of CCRM Fertility with nine locations across top metros in New York City, Houston, San Francisco, Atlanta, Northern Virginia, Denver, and Minneapolis. The company continued to support couples while they waited for clinics to reopen and then to pursue care as clinics came online again over the summer.
“At a time when so many fertility treatments have been put on pause due to the pandemic, Future Family is proud to expand its clinical offering and reach even more people in need of accessible, affordable fertility services,” said Future Family CEO and founder Claire Tomkins. “We could not be more thrilled to have partners who recognize the impact our team has made for families struggling to navigate this costly, emotional process.”
"Future Family was instrumental in helping us move forward with our IVF plans in 2020," said Sunny Stephens, Future Family client who delivered a healthy baby in February of 2021. "The support I received from my fertility coach was a life-line during the intense time of COVID coupled with going through IVF. In fact, she was one of the first people we called after we gave birth. I'm so thankful to this company."
According to recent studies, the global fertility market size is predicted to hit around $47.9 billion by 2030. This rising consumer demand for fertility treatment globally is driven by a shift in demographics with an increasing number of people wanting children later in life, single parenting, and more LGBTQA+ couples starting families. Affordability is considered the biggest barrier to more people moving forward with IVF.
“At Mindset Ventures we pride ourselves on being long-term partners for the companies we invest in. We were attracted to Future Family because it meets our criteria of having a breakthrough approach with embedded finance for the fertility sector,” said Jules Miller from Mindset Ventures who joined the funding round. “Claire and her team are building something extraordinary that is delighting patients and clinics alike, and we look forward to helping build the company.”
To learn more about Future Family, please visit www.futurefamily.com.
About Future Family
Future Family is where people start their fertility journey. The company’s mission is to make fertility care accessible and affordable to all. Future Family combines advances in fintech, fertility, and concierge care to empower women and couples throughout their fertility journey. Future Family was founded by former SolarCity exec Claire Tomkins, who was inspired by her own fertility struggles to improve the experience for other women.