Seae Ventures, a Boston, MA-based venture capital firm dedicated to advancing equity by investing in women and Black, Indigenous and People of Color (BIPOC) entrepreneurs, launched its inaugural fund of $107M.
Seae has received support from a broad coalition of more than 30 investors who are dedicated to increasing the prevalence of venture firms with diverse leadership. The coalition includes the American Hospital Association, Blue Shield of California, Blue Cross Blue Shield of Minnesota, Cambridge Associates, Eli Lilly and Company, Goldman Sachs and Health Care Service Corporation.
Co-founded in 2019 by healthcare veterans Tuoyo Louis, Jason Robart and Pete Sally, Seae is dedicated to investing in women- and BIPOC-led companies focused on developing technologies that address financial wellness, mental health, women’s health and personalized medicine that benefit traditionally underserved and vulnerable populations.
The firm has already funded 17 startups addressing the country’s most pressing healthcare disparities including:
- Health in Her HUE, a platform designed to help Black women and women of color access culturally sensitive healthcare providers, health content, and community
- Hurdle, an innovative digital mental health platform company aiming to remove barriers to mental health care for People of Color
- MD Ally, a company that triages 911 calls and reroutes non-emergency calls to telehealth medical services
- Moving Analytics, a telehealth company providing virtual cardiac rehab solutions
- Tia, a company building the “modern medical home for women” across virtual and in-person care
After leading Zaffre Investments, the corporate venture arm of Blue Cross Blue Shield of Massachusetts, the Seae team engaged its broad network of progressive corporate and financial investors to support the new fund.