Sia VenturesUnseen Capital, a firm that funds early-stage healthcare technology and services companies, announced that it has acquired Unseen Capital, a venture capital firm that invests in companies that address challenges faced by minority entrepreneurs and underserved communities.
Seae’s portfolio companies include maternal health startups. Cabaya Care, a value-based health technology company for the Medicaid population, Clinify, and Tia, a hybrid women’s health care provider.
Unseen Capital has invested in Ayana Therapy, a company that matches mental health care professionals who share the values and sensibilities of minorities; CareAcadeny, an online caregiver training platform for home care agencies; and Violet, a cultural competency analytics and training platform.
Post acquisition, Seae Ventures will manage over $200 million in assets.
“With Unseen Capital, we are united in our vision to radically change the flow of venture capital to underrepresented founders who have traditionally been limited in their access to funding,” Jason Robart, co-founder and managing partner of Seae Ventures, said in a statement.
“Seae’s strategy is to integrate Unseen’s resources into our early-stage seed investment approach and continue to build on this foundation by raising additional capital. This effort honors the legacy of Unseen Capital and aligns with Seae’s long-term investment strategy.”
The bigger trend
Unseen Capital’s team includes Google’s Chief Health Capital Officer. Dr. Ivor Horn joins HIMSS TV to discuss the importance of partnerships and ensuring proper representation within the healthcare ecosystem, particularly within AI.
Dr. Horn helped develop strategies to help Unseen’s companies thrive and the individuals they serve thrive.
Seae said the acquisition will help preserve the legacy of Unseen’s founder, the late Kayode Owens, by continuing to fund minority entrepreneurs and underrepresented individuals.
The investment firm also said it will start a fellowship and scholarship fund in Owens’ name for students at Historically Black Colleges and Universities (HBCUs).
The HIMSS AI in Healthcare Forum will be held in Boston on September 5-6. Learn more and register.
