Gaia, a fertility insurance and prediction platform, has raised $14m in funding to support its expansion across the United States.
The funding round was led by Valar Ventures, the venture capital firm co-founded by Peter Thiel, according to a report from Axios.
Founded in 2019, Gaia initially focused on in-vitro fertilisation (IVF) services but has since broadened its offerings to include egg freezing, egg donation, and embryo batching.
The company leverages personal and fertility clinic data to predict treatment success probabilities and provides financial protection plans, where customers only pay full treatment costs upon achieving specific outcomes.
Gaia plans to use the new funding to further its reach in the U.S. market, building on its 2022 London launch, which was bolstered by a $20m Series A round.
The company currently operates across 57 locations through 23 clinic groups in the U.S., addressing a market where the average cost of an IVF treatment cycle ranges from $15,000 to $25,000, with success rates between 25% and 40%.
Founder and CEO Nader AlSalim has a personal connection to the company’s mission. After experiencing years of challenging fertility treatments across multiple clinics and countries, he and his wife finally became parents to a son. This journey inspired him to create Gaia to make fertility assistance more accessible and less financially prohibitive. “The difference between you and me having a child is how rich you are,” AlSalim told Axios, adding that clinics still rely on outdated tools like calculators for financial planning.
Gaia is the first provider of value-based family-building solutions, aiming to bridge the gap in fertility access. While 15% of people globally require fertility assistance, only 2% can access it due to the high costs involved. Gaia’s platform addresses these challenges, providing hope to individuals and families seeking to build a family.
The company has stated its intention to raise additional funding within the next 18 months to further scale its operations and optimise its offerings.
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