Future Family provides buy-now-pay-later financing for fertility services, offering 60-month loan plans ranging from $300 to $475 per month that cover clinic procedures, lab work and medications. The company partners with clinics to set pricing and eliminate surprise bills. Future Family saw its gross transaction volume — the volume of patients it was financing — jump 300% in 2021 and doubled its headcount that year. Its financing model is positioned against the average IVF cycle cost (around $12,400) to make treatment comparable to other financed purchases. The new funding will be used to expand its clinic network, invest in staffing and product development, and explore new channels. CEO Claire Tomkins indicated more product and growth news is expected in the second half of the year. Future Family partners with fertility clinics to pre-negotiate pricing, eliminate surprise fees, pay bills upfront to clinics, and convert substantial upfront costs into monthly payment plans for patients. Each user is assigned a dedicated Fertility Coach to help navigate the treatment journey. The company was founded out of CEO Claire Tomkins’ own experiences with costly, surprise fertility bills. Future Family saw significant disruption in 2020 when many clinics closed during the pandemic, but reports demand rebounded in 2021 with expectations of record activity in the second half of the year. To meet rising demand, it is expanding its network of partner clinics, adding groups such as CCRM with locations in Minneapolis, Houston, Denver, San Francisco and other metros. Financially, the company is announcing a new $9 million financing as it scales clinic partnerships. Future Family partners with fertility clinics to lock in often unpredictable procedure costs, covers those upfront expenses, and converts them into approachable monthly payment plans for customers. The company covers costs like IVF and egg freezing to make fertility care more accessible. High upfront funding needs produced long waitlists; to address that the company secured a $100 million credit line to serve more people immediately. The new capital is intended to clear waitlists and allow the company to offer same-day approval and financing to new customers. Founder Claire Tomkins started the company after spending hundreds of thousands on fertility care for her first child and aims to simplify and expand access to treatment. Recently Future Family adjusted its model to operate more like a monthly subscription than a loan, allowing additional costs such as genetic testing and travel to be wrapped into financing. This credit facility follows a $10 million Series A raised roughly two months earlier. Future Family offers subscription-based financing for fertility services, shifting from loan-like products to flexible monthly plans that can be adjusted if additional services are needed. Plans start at $195/month for 60 months for clinic pairing and concierge support, while $250/month for 60 months covers lab work, medication, clinic visits and the IVF procedure. The company partners with clinics to pre-negotiate pricing and pays bills upfront to eliminate surprise charges. CEO Claire Tomkins founded the company after personally spending hundreds of thousands on fertility treatments and experiencing unexpected costs. The $10M Series A will be used mainly to expand the monthly subscription offerings and grow the network of partner fertility clinics. The company had previously raised around $4.2M, and Aspect Ventures’ Lauren Kolodny will join Future Family’s board as part of the round.

Total raised

$144M

Funding rounds

4

Latest round

Series B

Latest activity

Apr 2022