Seae Ventures, a agency that gives funding to early-stage healthcare know-how and companies firms, introduced it acquired Unseen Capital, a fellow enterprise capital agency that invests in firms that deal with the challenges confronted by underrepresented entrepreneurs and marginalized communities.
Seae’s portfolio firms embrace maternal well being startup Cabaya Care, value-based care well being know-how firm for the Medicaid inhabitants Clinify and hybrid ladies’s healthcare supplier Tia.
Unseen Capital has invested in Ayana Remedy, an organization centered on matching psychological well being care professionals who share minorities’ values and sensibilities; CareAcadeny, a web based caregiver coaching platform for residence care businesses; and Violet, a cultural competence analytics and coaching platform.
Following the acquisition, Seae Ventures could have greater than $200 million of belongings underneath its administration.
“Along with Unseen Capital, we’re united in our imaginative and prescient to considerably affect the circulate of enterprise capital to underrepresented founders, lots of whom historically have had restricted entry to funding,” Jason Robart, cofounder and managing accomplice of Seae Ventures, stated in a press release.
“Our technique at Seae will incorporate Unseen’s sources into an early seed funding method, and we’ll proceed to construct upon this basis by elevating extra capital. This effort honors the legacy of Unseen Capital and aligns with Seae’s long-term funding technique.”
THE LARGER TREND
The group behind Unseen Capital contains Google’s chief well being fairness officer, Dr. Ivor Horn, who joined HIMSS TV for an interview to debate the significance of partnerships and guaranteeing correct illustration inside the healthcare ecosystem, particularly inside AI.
Dr. Horn contributed to aiding Unseen’s firms in creating methods to assist them and the people they search to serve flourish.
Seae stated the acquisition would assist to protect the legacy of Unseen’s late founder Kayode Owens by persevering with to fund minority founders and people in underserved communities.
The funding agency stated it can additionally begin a fellowship and a scholarship fund in Owens identify for Traditionally Black Faculty and College (HBCU) college students.
The HIMSS AI in Healthcare Discussion board is scheduled to happen September 5-6 in Boston. Be taught extra and register.
