Symphonic Capital announced today in a blog post 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 deal with founders exterior of the Bay who’re constructing in well being care and monetary providers. Verify sizes will likely be round $250,000. Within the weblog publish, 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 needed to associate with founders trying to construct a extra “equitable future.”
“We’re constructing a group of numerous, values-aligned traders, founders, and ecosystem builders,” the agency continued in its publish. “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.”