Symphonic Capital introduced immediately in a weblog submit that it raised $13.5 million for its inaugural fund to spend money on early-stage firms.
Sydney Thomas launched the agency in 2022 after leaving Charles Hudson’s Percursor Ventures, the place she was the primary rent.
Thomas mentioned her fund will give attention to founders outdoors of the Bay who’re constructing in well being care and monetary companies. Check sizes can be round $250,000. In the weblog submit, the agency wrote that “everybody ought to have entry to dependable healthcare and monetary freedom, no matter their race, gender or ethnicity,” and that it wished to companion with founders seeking to construct a extra “equitable future.”
“We’re constructing a group of various, values-aligned traders, founders, and ecosystem builders,” the agency continued in its submit. “We’re proud to be backed by a bunch of institutional traders who share our dedication to supporting founders who’re devoted to constructing a extra equitable future.”
