Close Menu

    Subscribe to Updates

    Get the latest creative news from Healthradar about News,Health and Gadgets.

    Bitte aktiviere JavaScript in deinem Browser, um dieses Formular fertigzustellen.
    Wird geladen
    What's Hot

    Global Financial Crisis — Global Issues

    3. Juni 2025

    Today’s NYT Strands Hints, Answer and Help for June 3 #457

    3. Juni 2025

    Differential privacy on trust graphs

    3. Juni 2025
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram Pinterest Vimeo
    healthradar.nethealthradar.net
    • Home
    • Ai
    • Gadgets
    • Health
    • News
    • Contact Us
    Contact
    healthradar.nethealthradar.net
    Home»Health»Seae Ventures acquires Unseen Capital after founder death
    Health

    Seae Ventures acquires Unseen Capital after founder death

    HealthradarBy Healthradar1. Juni 2025Keine Kommentare3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Reddit Telegram Email
    Seae Ventures acquires Unseen Capital after founder death
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Seae Ventures is acquiring Unseen Capital after the death of founder Kayode Owens in 2021. The combined firm will continue to invest in healthcare for minorities and underserved populations.

    Owens, an investor and entrepreneur, launched Unseen Capital to focus on early-stage healthcare companies started by underrepresented founders, in 2020. He raised $30 million but unfortunately died from cancer in August 2021.

    Over time, Eli Lilly, Unseen’s key limited partner, realized that the firm wouldn’t survive without Owens’ leadership.

    While it’s rare for one venture firm to buy another, Eli Lilly set out to find a new home for Unseen. It looked at a few candidates, but Seae Ventures, another diversity-focused VC firm backed by the giant pharmaceutical company, stood out as a perfect acquirer.

    On Tuesday, Boston-based Seae announced that it has acquired Unseen Capital, bringing its total assets under management to $200 million.

    When Ely Lilly approached Seae co-founders Jason Robart and Tuoyo Louis about stepping into the general partner role at Unseen, they couldn’t say “no” to the opportunity.

    “Our mission is serving traditionally underserved and vulnerable populations, with a particular focus on women and BIPOC [Black, Indigenous, and People of Color] founders, and that was also the mission for Unseen,” Robart told TechCrunch. “Bringing the two together means we could continue to honor and seek to achieve Kayode’s vision, our vision, and do that really from our combined strength.”

    Robart and Tuoyo started Seae in 2019 after running Zaffre Investments, the corporate ventures arm of Blue Cross Blue Shield of Massachusetts, for more than five years.

    “We knew based on our experience at Blue Cross that there were some really attractive companies producing strong returns, who were addressing traditionally underserved or vulnerable populations,” Robart said. “The healthcare system really needed a boost in those areas. And we thought we could make a difference.”

    Seae Ventures was founded in 2019 and closed its first $107 million fund in early 2022. The firm is currently raising a second $150 million vehicle, according to an SEC filing.

    Its portfolio companies include Tia, a digital tech company serving women, which has morphed into in-person clinics, and Needed, a provider of dietary supplements and other natural nourishments for women before, during and after pregnancy.

    While Seae and Unseen serve similar populations, they invest in companies at slightly different stages of development. Robart and Tuoyo leverage their experience with a major health system to help startups secure contracts with large medical organizations and hospitals. That means that Seae invests in startups that already have a product and are raising a Series A or a large seed round.

    Unseen, however, focuses on pre-seed and early-seed companies that are not yet ready to sell to health systems, Robart said.

    While the surviving team at “Unseen did a great job at continuing with Kayode’s vision,” they moved on to different opportunities since Owens’ death, Robart said. Seae is bringing in Erica Murdock, an experienced healthcare operator and prior founder, to lead Unseen strategy, which includes investing in pre-seed and very early-stage companies and managing Unseen’s existing portfolio companies.

    Seae Ventures will continue to honor Owens’ vision not only by backing young healthcare companies founded by minorities but also through a fellowship in his name and a scholarship fund for Historically Black College and University (HBCU) students.



    Source link

    acquires BIPOC Capital death Exclusive founder HealthTech Mergers and Acquisitions minorities in tech Seae Seae Ventures unseen Ventures
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleRFK Jr. is looking in the wrong place for autism’s cause
    Next Article New surgeon general nominee cofounded a16z backed health app with DOGE operative
    ekass777x
    Healthradar
    • Website

    Related Posts

    Health

    watchOS 12: 3 things I expect to see Tim Cook announce at this year’s WWDC

    3. Juni 2025
    Health

    BD recalls esophagogastric tubes linked to 2 serious injuries, 1 death

    2. Juni 2025
    Health

    Bayer Launches Centafore Imaging Core Lab to Support Imaging for Clinical Trials and Software as a Medical Device Development

    1. Juni 2025
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Which Online Poker Game Should You Play?

    31. Mai 20259 Views

    New surgeon general nominee cofounded a16z backed health app with DOGE operative

    1. Juni 20254 Views

    One In Four European Firms Ban Grok AI Chatbot Over Security Concerns

    1. Juni 20252 Views

    Bayer Launches Centafore Imaging Core Lab to Support Imaging for Clinical Trials and Software as a Medical Device Development

    1. Juni 20252 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    Subscribe to Updates

    Bitte aktiviere JavaScript in deinem Browser, um dieses Formular fertigzustellen.
    Wird geladen
    About Us

    Welcome to HealthRadar.net — your trusted destination for discovering the latest innovations in digital health. We are dedicated to connecting individuals, healthcare professionals, and organizations with cutting-edge tools, applications

    Most Popular

    Which Online Poker Game Should You Play?

    31. Mai 20259 Views

    New surgeon general nominee cofounded a16z backed health app with DOGE operative

    1. Juni 20254 Views
    USEFULL LINK
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    QUICK LINKS
    • Ai
    • Gadgets
    • Health
    • News
    • About Us
    • Contact Us
    • Disclaimer
    • Privacy Policy
    Copyright© 2025 Healthradar All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.