Investment firm Seae Ventures acquires fellow VC firm Unseen Capital

Seae Ventures, a agency that gives funding to early-stage healthcare expertise and companies firms, introduced it acquired Unseen Capital, a fellow enterprise capital agency that invests in firms that tackle 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 expertise firm for the Medicaid inhabitants Clinify and hybrid girls’s healthcare supplier Tia.

Unseen Capital has invested in Ayana Remedy, an organization targeted on matching psychological well being care professionals who share minorities’ values and sensibilities; CareAcadeny, a web-based caregiver coaching platform for house care businesses; and Violet, a cultural competence analytics and coaching platform.  

Following the acquisition, Seae Ventures may have greater than $200 million of belongings below its administration. 

“Along with Unseen Capital, we’re united in our imaginative and prescient to considerably influence the move 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, mentioned in a press release. 

“Our technique at Seae will incorporate Unseen’s assets into an early seed funding strategy, 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 workforce behind Unseen Capital consists of 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 throughout the healthcare ecosystem, particularly inside AI. 

Dr. Horn contributed to aiding Unseen’s firms in growing methods to assist them and the people they search to serve flourish.

Seae mentioned 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 mentioned it’ll additionally begin a fellowship and a scholarship fund in Owens identify for Traditionally Black School 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.