Boston – June 10, 2022 – Cooley advised Seae Ventures, a venture capital firm dedicated to advancing equity by investing in women and Black, Indigenous and people of color (BIPOC) entrepreneurs, on the launch of its $107 million inaugural fund. Partner Nicole Peppe led the Cooley team advising Seae Ventures.
Seae is dedicated to investing in women- and BIPOC-led companies focused on developing technologies that address financial wellness, mental health, women’s health and personalized medicine to benefit traditionally underserved and vulnerable populations. The fund garnered support from a broad coalition of more than 30 investors dedicated to increasing the prevalence of venture firms with diverse leadership, including several health plans.
“Closing gender and racial equity gaps starts with investing in historically overlooked entrepreneurs. We are confident our efforts will motivate other venture firms to recognize this unseen value and amplify our portfolio’s collective mission through investment and support,” Jason Robart, co-founder and managing partner of Seae Ventures, said in a press release.
Based in Boston, Seae Ventures was co-founded in 2019 by healthcare veterans Robart, Tuoyo Louis and Pete Sally. The firm has a proven track record of success in venture, corporate strategy, innovation and human capital, and seeks to balance the needs of patients, providers and payers by investing in diverse entrepreneurs with high-growth potential in the healthcare and financial technology spaces. The firm has already funded 17 startups addressing the country’s most pressing healthcare disparities.
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