Symphonic Capital announced today in a blog post that it has raised $13.5 million for its initial fund to invest in early-stage businesses.
Sidney Thomas set up the company in 2022 after leaving Charles Hudson's Parker's Venture.
Thomas said her fund will focus on founders outside the bay, who are building healthcare and financial services. The check size is approximately $250,000. In a blog post, the company wrote, “Everyone should have reliable healthcare and financial freedom, regardless of race, gender or ethnicity,” and wrote that they would “want to partner with founders who are trying to build a more equitable future.”
“We are building a diverse and valuable community of investors, founders and ecosystem builders,” the company continued its post. “We are proud to be supported by a group of institutional investors who share our commitment to supporting founders who are committed to building a more equitable future.”