Future Family raises $25 million
Fertility care financing startup Future Family raised $25 million in Series B funding. The round was led by Munich Re Ventures with participation from Triventures, MS&AD Ventures , ORIX, and existing investors Aspect Ventures, Mindset Ventures, at.inc/, and OurCrowd.
Founded in 2016, the San Francisco-based startup is on a mission to make fertility care accessible and affordable to all. The startup offers personalized loans for IVF and egg freezing. Interest rates range from 7.99% and 15.99%, and a FICO score of 680 or higher is “recommended” by Future Family to get started.
“We’re thrilled to continue to advance access and support better outcomes in fertility through this latest round of funding. Going through fertility treatments is inherently an overwhelming process for people and one that needs financial innovation to better align costs with outcomes. Munich Re Ventures brings deep expertise in risk management products and a track record of supporting consumer-centric innovation to help us expand Future Family to those who need it most.” – Claire Tomkins, CEO and founder of Future Family.
“Uniquely positioned at the intersection of financial services, healthcare, and insurance, Future Family is transforming a sector that clearly requires disruption to address financial needs and help more individuals achieve their dreams of starting a family. We are excited to support Future Family and help the company play an essential role in this rapidly growing industry, redefining what’s possible for individuals seeking fertility treatment.” – Oshri Kaplan, investment director at Munich Re Ventures.