San Francisco-based Future Family has raised a $10 million Series A to help women and couples aiming to have a child through in vitro fertilization (IVF).
The round was led by Aspect Ventures with participation from iNovia, BBG Ventures, Launch Capital, and others. The round brings the company’s total funding to $14.2 million.
Claire Tomkins, the CEO of Future Family, was inspired by her own fertility experience, which called for six rounds of IVF and committing more than $100,000 in out-of-pocket costs to conceive her baby.
To help close the gap in affordability, Future Family connects individuals who plan to undergo IVF or egg freezing to partner clinics. As part of the arrangement, Future Family pays for the cost of the service up-front. Customers then pay back the cost under a monthly plan.
Alongside its financing subscriptions for both egg freezing and IVF, customers are connected with fertility nurses and practitioners through Future Family’s telehealth platform. Depending on a customer’s subscription tier, which ranges from $250 to $300 per month, Family Fund also offers access to lab works, genetic testing, and acupuncture.
When Future Family launched in 2017, it had 30 partner clinics. Over a year later, the startup claims connections with 250 fertility clinics across the country.
Future Family plans to use the new funding to meet the rapidly rising requests for fertility services flooding the platform—and ultimately, to help make the conversation around fertility more proactive.