Viola Credit has provided Gaia with a $100 million debt facility to scale its operations across the United States.
Gaia is a New York fertility company that matches patients with clinics and underwrites outcome-based financing for IVF, egg freezing and embryo transfer.
Nader AlSalim, Founder of Gaia, registered the company name in 2019. He said Gaia has passed 1,100 memberships, with more than 1,000 active members in the United States, and has partnered with 200 clinic locations across 40 states. In 2025 the company launched an enterprise fertility benefit sold to employers. Members can pay a fixed cost upfront or finance over five years.
The facility follows a $14 million Series A on 27 January 2025, led by Valar Ventures, which brought Gaia's total equity funding to $37 million across three rounds. Other backers include Atomico and Kindred Capital. Atomico led a $20 million Series A in February 2022 that took equity raised at that point to $23 million.
AlSalim said: "We are not just a financing company. We use data in order to create unique plans that are individualized with outcome protections built in."
Michael Chen, Managing Director and Head of US Investments at Viola Credit, said Gaia is addressing "a deeply important and underserved problem" with a model that is "both commercially compelling and mission-driven". He said the approach "aligns incentives across patients, clinics, and financing in a way that feels genuinely differentiated" and that the firm believes it can "meaningfully improve access to fertility care."
Viola Credit is an alternative credit manager with more than $4 billion of assets under management and offices in New York, London and Tel Aviv. It said it has completed more than $3 billion of asset-based lending transactions. In October 2025 it held a $2 billion final close of its third asset-based lending fund, above a $1.5 billion target, after a $600 million first close in April 2024 and a $500 million joint venture with Cadma Capital Partners, an affiliate of Apollo Global Management, in May 2025. The firm said the fund is expected to back 30 to 40 fintech and tech-enabled lenders, with tickets from $10 million to $500 million, in the United States, the United Kingdom, Western Europe and Australia.