TLDR:
- Investment firm Seae Ventures has acquired fellow VC firm Unseen Capital.
- Seae Ventures and Unseen Capital focus on funding early-stage healthcare companies addressing underserved communities.
Article Summary:
Seae Ventures, a firm specializing in funding early-stage healthcare technology and services companies, recently announced its acquisition of Unseen Capital, another venture capital firm. Unseen Capital focuses on investing in companies that address challenges faced by underrepresented entrepreneurs and marginalized communities. Some of Seae’s portfolio companies include Cabaya Care, Clinify, and Tia, while Unseen Capital has invested in Ayana Therapy, CareAcademy, and Violet.
Following the acquisition, Seae Ventures will have over $200 million in assets under management. The acquisition aims to increase the flow of venture capital to underrepresented founders, with a focus on those who have had limited access to funding traditionally. The team behind Unseen Capital includes Dr. Ivor Horn, Google’s chief health equity officer, who has helped develop strategies for Unseen’s companies to thrive.
Seae Ventures plans to preserve the legacy of Unseen’s late founder Kayode Owens by continuing to fund minority founders and underserved communities. They will also establish a fellowship and scholarship fund in Owens’ name for Historically Black College and University (HBCU) students. The acquisition underscores Seae’s long-term investment strategy and commitment to supporting underrepresented entrepreneurs.
The healthcare ecosystem, especially within AI, has been a focal point for Dr. Horn and Unseen Capital’s efforts. The acquisition is part of Seae’s broader strategy to increase diversity and representation in healthcare innovation. Overall, the acquisition marks a significant step towards increasing funding opportunities for minority founders and underserved communities in the healthcare industry.
