Press release: Future Family Launches $100MM Fertility Fund for U.S. Families
SAN FRANCISCO, Calif -- December 12, 2018 -- Future Family, the female-founded company making world-class fertility care accessible to women and couples nationwide, today announced a $100MM credit facility from Atalaya Capital Management to finance fertility patients on their platform. With recent reports of the U.S. fertility rate sharply declining and women having fewer children than they’d like, due in part to starting families later in life, the demand for IVF and overall access to fertility care has risen considerably.
The partnership with Atalaya Capital Management enables Future Family to meet this rising demand and handle volumes required by even the nation’s largest clinics by financing thousands of families that cannot afford the high upfront costs of fertility care. This news arrives on the heels of Future Family’s $10 million equity fundraise and the launch of its industry-first subscription model. Under the subscription model, Future Family clients receive concierge healthcare that includes a dedicated ‘nurse concierge’ and a customized bundle of medical services through one easy monthly payment.
“Since launching our subscription model earlier this year, we’ve seen overwhelming demand, which only highlights how underserved this market has been to date,” said Claire Tomkins, the CEO and co-founder of Future Family who launched the startup based on her own fertility struggles. “With Atalaya as a partner, we’re now able to remove any limits on meeting this demand. We’re incredibly excited for this next level of growth.”
“Future Family is leading financial innovation in this important healthcare market and creating access where none existed,” said David Aidi, Partner at Atalaya Capital Management. “We’re thrilled to partner with the team to help women and couples across the country start and expand their families.”
Future Family’s subscription service tackles the financial and emotional burden of IVF and egg freezing. With subscription plans for IVF starting at $250 per month, fertility patients no longer have to worry about the crushing initial costs and can instead get started right away. Each subscription plan from Future Family includes:
- 24/7 on-demand support and a dedicated nurse concierge for emotional and logistical support
- The ability to cover all medical costs associated with egg freezing or IVF
- Customizable options to include services like genetic testing, holistic treatments such as acupuncture, and other items such as travel
- Digital health management
- An easy monthly payment
“We often see women and couples give up because of the financial or emotional toll it can take,” said Dr. Lynn Westphal, Future Family’s Medical Advisor and the Director of Fertility Preservation. “The Future Family subscription model addresses both of these concerns, making it much easier for clinics to help women and couples work through these challenges and keep working toward their goal of having a child.”
To learn more visit: www.futurefamily.com.
About Future Family:
Future Family is where women, men, and couples 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 is headquartered in San Francisco and operates nationwide.
About Atalaya Capital Management:
Atalaya Capital Management is a privately held, SEC-registered alternative investment advisory firm. Atalaya focuses on making private credit and special opportunity investments across three principal asset classes – specialty finance, real estate, and corporate. Founded in 2006 and headquartered in New York City, Atalaya has approximately $4 billion in assets under management.
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Image Credit: Drew Bird