Cost of healthcare around the globe has ballooned like anything. Especially in the US, the cost goes a little higher. There have been multiple of efforts made to make sure that the costs for treatments are affordable. A number of health tech startups are playing their parts in the aim of making healthcare affordable to everyone.
In that aim, Future Family, the San Francisco based startup which helps families financially by providing fertility services like IVF and egg freezing for an affordable price has secured a $10 million investment in Series A round. The fresh financing was led by Aspect Ventures which saw participation from other backers which includes iNovia, BBG Ventures, Launch Capital. The total capital raised by the company now stands at $14.2 million. It's earlier backers include SV Angel, Montage Ventures, Fuel Capital.
Started in 2017, the platform has partnered with more than 250 fertility clinics across the US. The firm plans to use the fresh funds to scale their business and partner more clinics across the country. To help out the waitlisted customers, Future Family also plans to hire more practitioners for the concierge service.
Notably, founder and CEO Claire Tomkins started the company along with Eve Blossom after her own experience during the whole process of IVF which lasted six round, costing her more than $100,000. Talking about the same Tomkins said, “If you weren’t sitting in Silicon Valley with a tech job, and frankly even if you did, it was still very hard to afford.
Tomkins feels that there's a gap of information and support for the women who want to undergo IVF and that's where Future Family comes in picture. The platform connects fertility nurses and practitioners to the telehealth platform and offers them subscription-based model which ranges from $250-$300 per month.
Image Courtesy : futurefamily