Hi Reader,
Today we are so excited to announce the launch of our inaugural fund. In total, we raised $13.5M to invest in early stage companies, starting as early as pre-seed. Our focus is on founders who are closest to the problems they are solving, closing critical access gaps within healthcare and financial services. That’s because we believe everyone should have access to reliable healthcare and financial freedom, regardless of their race, gender or ethnicity.
At Symphonic, we support companies that are driving massive impact, but we want to be clear: we’re not sacrificing returns for impact. Our goal is to help increase the number of healthy, thriving communities and close the racial wealth gap — building a more equitable future for all. We know this approach will deliver outsized returns to our communities, partners and LPs.
We’re building a community of diverse, values-aligned investors, founders and ecosystem builders. We’re proud to be backed by a group of institutional investors who share our commitment to supporting founders who are dedicated to building a more equitable future. To our LPs: thank you for your trust in us. We’re excited to be on this journey with you.
For those who we haven’t met yet, we’re excited to share more about our mission and invite you to be a part of the community we’re building.
At Symphonic, we move differently.
For starters, we’ve built our own fund based on a business model that works -- not one that requires a $10B outcome to be considered successful. Greed and following the herd did not get us to this moment. Instead of focusing on big checks and massive valuations, we’re focused on the wins that actually deliver meaningful impact for underserved communities and our LPs. No shade to VCs chasing the hype cycle – do your thing. Meantime, we’ll do the work of identifying startups that are solving real problems for the 99%.
We partner with founders whose values and missions align with our own, and we’re eager to invest outside of the coasts. Many of our nation’s health and wealth disparities exist in areas of the country that have long been overlooked. We want to bridge this gap by bringing our coastal networks to founders across the U.S. to help them better deliver on their mission.
If you’re passionate about building a diverse ecosystem of investors, founders, and LPs to create returns that move everyone forward, we’d love to hear from you!
Drop us a line at hi@symphonic.vc 💌. We look forward to partnering with you!
-Sydney & Shruti