Seae Ventures is made up of three business partners who had started a health tech investment fund eight years ago at Blue Cross Blue Shield of Massachusetts, the Boston Globe reported June 7. The firm’s two other partners include another former employee of that fund, called Zafree Investments.
Seae’s just-closed first fund has $107 million from more than 30 investors, and about half of it has already been invested, with investments of $1 million to $5 million focused on equity projects — like a platform that helps women of color find culturally sensitive healthcare professionals, a startup that reroutes nonemergency 911 calls to a telehealth provider, and a firm that offers virtual cardiac rehabilitation, according to the article.
“We are really in the business of saving lives [and] bridging the digital divide between marginalized communities,” Seae co-founder Tuoyo Louis told the Globe.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.