INSUBCONTINENT EXCLUSIVE:
West Owens, Future Family CFO, and Claire Tomkins, CEOFuture Family is a startup (and a Disrupt Startup Battlefield alum!) that helps
families more easily afford fertility services like IVF and egg freezing
They work with fertility clinics to get the often unpredictable costs set in stone, then cover said costs and convert them into a more
approachable monthly payment plan.But covering those costs up front isn’t cheap, which lead to long waitlists for those looking to Future
With that in mind, the company has locked in a $100 million credit line to help them power through their waitlist and immediately offer
their services to more people.The capital is coming from Atalaya, a capital management firm that specializes in funding specialty finance
companies like Future Family (or Point, a startup that provides capital to home buyers in exchange for equity in the home, in which Atalaya
invested $150 million earlier this year.)So what does this mean Most immediately, it means that Future Family will be able to clear up its
waitlists before moving on to offering same-day approval/financing to new customers.Claire Tomkins founded Future Family after seeing for
herself just how complicated and expensive the fertility care process could be
After spending hundreds of thousands of dollars on the fertility care involved with having her first child, she set out to make it less
complicated and more accessible.This news comes a little less than two months after Future Family raised $10 million in a Series A round
A few weeks before that, the company adjusted its model to work more like a monthly subscription than a loan, allowing additional costs
(like genetic testing and travel) to be wrapped in should the need arise.
