Total amount raised
$148.2 Millions
Latest funding date
04/01/2022
Location
Future Family has successfully raised funds through multiple rounds, with the latest being a Series B round on April 4, 2022. The company has garnered support from 28 investors, including notable names like Munich Re Ventures and Triventures.
Future Family offers a comprehensive solution for fertility treatment, providing customized financing options and one-on-one nursing support to help individuals navigate their fertility journey. Keep reading to explore the intricacies of Future Family's fundraising journey and the investors backing this innovative platform.
What Is Future Family?
Future Family, founded in 2016 by Claire Tomkins and Eve Blossom, is based in San Francisco, California. The company operates within the fertility and personal health industries, offering comprehensive financial solutions for fertility treatments.
With an employee count ranging from 11 to 50, Future Family provides customized financing options and one-on-one nursing support to make fertility treatments more accessible and affordable. Their services include IVF and egg freezing plans, along with a unique IVF insurance program.
How Much Funding Has Future Family Raised?
- Series B
- Amount Raised: $25M
- Date: April 2022
- Lead Investors: Munich Re Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To advance access and support better outcomes in fertility care.
- Series A
- Amount Raised: $9M
- Date: May 2021
- Lead Investors: Mindset Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their fertility financing services and enhance product offerings.
- Convertible Note
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support operational needs and growth.
- Venture Round
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their fertility care services.
- Debt Financing
- Amount Raised: $100M
- Date: December 2018
- Lead Investors: Atalaya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide substantial financial backing for their fertility financing services.
- Series A
- Amount Raised: $10M
- Date: October 2018
- Lead Investors: Aspect Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and improve service offerings.
- Seed Round
- Amount Raised: $4.2M
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart their fertility financing services.
Total Amount Raised: $148.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Munich Re Ventures
- Details: Munich Re Ventures is the venture capital arm of Munich Re, a global reinsurance company. They focus on investing in innovative companies that address significant market needs.
- Investment Focus Areas: Risk management products, consumer-centric innovation.
- Notable Investments: VEIR, among others.
- Triventures
- Details: Triventures is a venture capital firm that invests in early to mid-stage healthcare and life sciences companies. They aim to support companies that bring transformative solutions to the market.
- Investment Focus Areas: Healthcare, life sciences, medical devices.
- Notable Investments: Not specified.
- MS&AD Ventures
- Details: MS&AD Ventures is the corporate venture capital arm of MS&AD Insurance Group, focusing on strategic investments in innovative startups. They aim to foster growth and innovation in the insurance industry.
- Investment Focus Areas: Insurtech, fintech, digital health.
- Notable Investments: Not specified.
- ORIX
- Details: ORIX is a diversified financial services group based in Japan, with a global presence. They invest in a wide range of sectors, including real estate, banking, and venture capital.
- Investment Focus Areas: Real estate, banking, venture capital.
- Notable Investments: Not specified.
- Aspect Ventures
- Details: Aspect Ventures is a venture capital firm that invests in early-stage technology companies. They focus on supporting companies that have the potential to disrupt their respective industries.
- Investment Focus Areas: Technology, consumer internet, enterprise software.
- Notable Investments: Not specified.
What's Next for Future Family?
Future Family stands at the cusp of significant growth, driven by the $25 million Series B funding. This financial boost opens doors to expanding their fertility care services, making treatments more accessible and affordable. The fertility care market is rapidly growing, presenting ample opportunities for innovation and market expansion.
As Future Family scales its operations, future fundraising rounds are likely, potentially attracting more venture capital and strategic partnerships. However, navigating the complexities of the healthcare and financial services industries will be challenging. Ensuring regulatory compliance and managing risks associated with personalized loans will be crucial for sustained growth.
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