Symphonic Capital Raises $13.5M to Back Early-Stage Healthcare & FinTech Startups
Symphonic Capital, the venture firm founded by Sydney Thomas, has successfully closed its inaugural fund at $13.5 million, according to an official announcement. The fund will focus on early-stage investments in underrepresented founders building transformative solutions in healthcare and financial services.
A Focus on Equity and Inclusion
Key details about the fund:
- Investment Thesis: Targets founders outside traditional tech hubs like Silicon Valley
- Check Sizes: Approximately $250,000 per investment
- Sectors of Focus: Healthcare innovation and financial technology (FinTech)
- Mission: To create “a more equitable future” by supporting diverse entrepreneurs
“Everyone deserves access to reliable healthcare and financial freedom, regardless of background,” the firm stated in its announcement. “We’re building a community of values-aligned investors and founders committed to this vision.”
Founder Background and Vision
Sydney Thomas brings significant venture capital experience to Symphonic Capital, having been the first hire at Charles Hudson’s Precursor Ventures before launching her own firm in 2022. Her unique perspective shapes the fund’s strategy:
- Prioritizes geographic diversity by looking beyond Bay Area startups
- Seeks to address systemic inequities in venture funding
- Builds partnerships with institutional investors who share this mission
“We’re proud to be backed by investors who understand the importance of supporting founders building equitable solutions,” the announcement noted.
Why This Matters
This funding milestone represents:
- Growing recognition of diverse founders’ untapped potential
- Increased investment in critical sectors like healthcare accessibility
- A shift toward more geographically distributed venture capital
The fund’s launch comes at a time when less than 2% of venture dollars typically go to Black and Latina women founders, making Symphonic Capital’s focus particularly impactful.
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