Total amount raised
$148.2 Million
Latest funding date
04/01/2022
Location
Future Family has successfully navigated 7 funding rounds, with the latest being a Series B involving 12 investors, including Munich Re Ventures as a lead investor. The company specializes in providing personal and affordable fertility care for women and couples, making fertility treatments more accessible through flexible financing options and dedicated nurse guidance.
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, based in San Francisco, California, specializes in fertility financing and IVF loans. Founded around 2015-2017, the company offers a range of personalized fertility services, including IVF financing, egg freezing support, and dedicated nurse guidance.
With a workforce of 11-50 employees, Future Family operates in the fertility, personal health, and women's health industries. The company is led by CEO Claire Tomkins and is committed to making fertility care accessible and affordable for women and couples.
How Much Funding Has Future Family Raised?
- Seed Round
- Amount Raised: USD 4,200,000
- Date: September 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's mission of providing affordable fertility care.
- Series A
- Amount Raised: USD 10,000,000
- Date: October 2018
- Lead Investors: Aspect Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand service offerings and enhance technology.
- Debt Financing
- Amount Raised: USD 100,000,000
- Date: December 2018
- Lead Investors: Atalaya Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and operational needs.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital.
- Series A
- Amount Raised: USD 9,000,000
- Date: May 2021
- Lead Investors: Mindset Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and expand fertility services.
- Series B
- Amount Raised: USD 25,000,000
- 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.
Total Amount Raised: USD 148,200,000. 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 align with their core business areas.
- Investment Focus Areas: Risk management products, consumer-centric innovation.
- Notable Investments: Industrial data company Litmus.
- Triventures
- Details: Triventures is a venture capital firm that invests in early to mid-stage healthcare and medical technology companies. They aim to support innovative solutions in the healthcare sector.
- Investment Focus Areas: Healthcare, medical technology, digital health.
- Notable Investments: Not publicly disclosed.
- MS&AD Ventures
- Details: MS&AD Ventures is the corporate venture capital arm of MS&AD Insurance Group, focusing on strategic investments in technology and innovation.
- Investment Focus Areas: Insurtech, fintech, digital health.
- Notable Investments: Flex.
- Aspect Ventures
- Details: Aspect Ventures is a venture capital firm that invests in early-stage technology companies. They focus on supporting diverse and innovative teams.
- Investment Focus Areas: Enterprise software, cybersecurity, digital health.
- Notable Investments: Not publicly disclosed.
- Mindset Ventures
- Details: Mindset Ventures is a venture capital firm that invests in early-stage technology startups. They focus on companies with high growth potential and innovative solutions.
- Investment Focus Areas: Fintech, agritech, digital health.
- Notable Investments: Not publicly disclosed.
What's Next for Future Family?
Future Family stands at the cusp of significant growth, driven by the increasing demand for accessible and affordable fertility care. With the backing of prominent investors like Munich Re Ventures and MS&AD Ventures, the company is well-positioned to expand its services and reach a broader market. The fertility care market's rapid growth presents a substantial opportunity for Future Family to innovate and disrupt traditional models.
Future fundraising opportunities appear promising, given the involvement of major venture capital firms. These investors bring not only capital but also expertise in risk management and consumer-centric innovation, which could fuel further rounds of funding. However, navigating the complexities of the healthcare and financial services industries will be a challenge. Ensuring compliance with regulatory requirements and managing the risks associated with offering loans for medical treatments will be critical for sustained success.
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