Future Family Tops $100M of Fertility Asset Sales with New Transaction with Clear Haven Capital Management as Demand Surges for Fertility Services

Future Family, the female-founded fintech company making world-class fertility care accessible to couples and individuals nationwide, today announced an asset sale of $68 million of fertility loans to Clear Haven Capital Management. The asset sale comes at a time when demand for fertility and IVF services nationwide continues to expand. The market is demonstrating strong year-over-year growth, delivered over 400,000 cycles of treatment in 2023¹, and new clinics are being built across the nation to serve more consumers.

There is equally strong demand for financing for fertility and IVF treatments, with a typical procedure averaging over $18,000. That expense falls out-of-pocket to the majority of Americans. Fertility treatment is considered an elective treatment and is therefore not covered by most insurance providers.

Mark Simmer, Managing Partner at Clear Haven Capital Management, noted: “We are pleased to announce this partnership with Future Family. Our hope is that by providing this capital to Future Family, we are supporting their mission to reduce financial barriers for couples and individuals to access the fertility treatments they need to start and grow their families.”

The asset sale to Clear Haven Capital Management adds to over $37M of assets sold to partner City Federal Credit Union (CFCU). CFCU has been a consistent purchaser of our loans since October 2022 and has built successful loan syndication programs under the leadership of CEO Frank Frazzitta. Mr. Frazzitta had this to say of the partnership with Future Family: “We are grateful for Claire Tomkins’ foresight to see the need for fertility financing, and then proving out the asset class over several years. Here at CFCU, we are aligned around the mission to support more families, and we are pleased with the performance of the Future Family fertility loans.”

The trends around fertility needs are driven in part by demographics, with more and more women and couples starting families later in life. For couples over the age of 35 and trying to conceive, over 30% will require fertility support. Secondary infertility, where a couple struggles to have a second child, already impacts 11% of the population according to the Cleveland Clinic and is an increasing reason to seek IVF.

Future Family has been working to meet rising demand for fertility care and has a highly differentiated “direct to clinic” product offering that includes wrap-around services for the consumer. Future Family clients receive on-demand care and coaching from Registered Nurses as they go through their fertility journey. This approach has driven five-star reviews for the company, and provides a true win-win for our clinic partners as well.

“At Future Family, we are dedicated to building the best financial products to support families in America. We are grateful to both CFCU and Clear Haven Capital Management, and we will continue to expand our partnerships as we further scale the business,” says CFO James Giuliani.

To learn more visit: www.futurefamily.com.

About Future Family
Future Family is bringing fintech innovation to healthcare. Today one-third of Americans report delaying some form of medical treatment due to cost. Future Family is the leading platform bringing patients easy financing plans integrated into the patient experience and paired with digital coaching and concierge support on platform. The company is the largest fintech player in the fertility space. The Future Family management team includes deeply experienced executives from SoFi, Medely Health, CipherHealth, Amazon and more. The company was founded by former SolarCity (now TSLA) executive Claire Tomkins, whose first-hand experiences inspired her to bring her consumer finance and fintech expertise to healthcare.

About Clear Haven Capital Management
Clear Haven Capital Management provides balance sheet capital solutions for financial services companies to launch and scale financial products. Clear Haven works with a wide array of companies launching and scaling innovative financial products in consumer, mortgage, and small business finance. Clear Haven’s mission is to provide capital solutions that are both streamlined and scalable, allowing partners to spend more time focused on their core business and customers. We strive to be more than a lender but also the strategic support needed to navigate financial hurdles and accelerate growth. For more information, please visit us at www.clearhavencm.com.

About City Federal Credit Union
City Federal Credit Union is a federally insured Credit Union headquartered in Amarillo, Texas. City FCU is the only Community Development Financial Institution in the Texas Panhandle and is committed to serving the underserved. Our services include deposit banking, consumer lending, real estate lending, and digital banking services. The credit union holds over $125 million in assets and serves its membership through three locations as well as online. Change your bank, change your life.

1 - Estimated from ASRM data showing 389,993 cycles in 2022.

Contact Information

Andrew Mitchell

Press Manager

Future Family, Inc.

Contact via E-mail