ATLANTA, March 23, 2022 (Globe NEWSWIRE) — SteelSky Ventures, the foremost girls’s well being fund, is glad to announce the closing shut of its inaugural fund centered on bettering entry, therapy, and leads to girls’s well being and health. The shut of the fund delivers SteelSky’s whole property beneath administration to $72 million, constructing SteelSky the world’s best endeavor funds fund focused on girls’s healthcare.
SteelSky invests throughout the spectrum of girls’s wellness indications and care modalities, corresponding to healthcare devices, shopper well being, digital well being and health, ePharmacy, and retail therapeutics. The fund’s progressive technique to girls’s well being and health additionally makes it doable for for monetary funding in engineering infrastructure that helps new and spectacular care transport and supply designs.
The fund’s restricted companions encompass a rare roster of healthcare strategic buyers, such because the American Medical middle Affiliation (AHA), Eli Lilly, Blue Shield of California, MultiCare Clinic Process, Henry Ford Healthcare facility Method, and Important Accessibility Well being.
“SteelSky Ventures is making important investments in girls’s wellness with a watch for innovation within the transport and supply of therapy,” claimed Rick Pollack, AHA president and CEO. “The AHA is thrilled about how this fund can positively affect the double bottom-line of cash and social affect.”
Along with assist from main well being care institutions, the fund has garnered expense from leading-tier monetary institutions, together with Financial institution of The usa, JPMorgan Chase and Motley Idiot Ventures. The fund’s advisors contain Carter McClelland, earlier Chairman of Monetary establishment of The usa and Major Administrative Officer of Morgan Stanley Rick Mazjun, COO of Stanford Child’s Healthcare facility Hurley Doddy, CEO of Rising Money Companions and Kim Meredith, CEO of the San Francisco Typical Clinic Foundation.
SteelSky Ventures was based by Maria Toler Velissaris, a serial entrepreneur, investor, and prolific advocate for feminine founders and ladies’s well being care. Maria uncovered a gap in funding for females, and further notably, girls’s wellbeing, as an angel investor and launched the fund to capitalize on this nascent however rising possibility. Thus far, Maria has invested in over 20 woman-led organizations, sits on varied well being care boards and has been showcased as a finest VC to watch by Forbes. In 2020, she was honored with the NYU Stern Alumni Changemaker Award and named to Firm Insiders’ Report of Climbing Stars in Endeavor Cash.
“Girls’s wellbeing is an spot of enormous progress potential, and SteelSky is constructing a pipeline of the next billion-dollar well being care giants. We’re glad to dedicate in enterprise people who find themselves noticeably progressing well being take care of gals across the complete world,” Maria acknowledged.
Rounding out the partnership are Dealing with Companions Buffy Alegria, who offers 16 a number of years of banking expertise coupled with a deep understanding of well being care and drugs, and Casey Albert, a healthcare entrepreneur with 20 years of experience developing, scaling, and investing in healthcare corporations.
“The closing of our first fund is a sign that consumers see the large untapped doable in girls’s general well being,” Buffy defined. “The groundswell of help we’ve got acquired confirms the relevance of our thesis and the brilliant long run upfront for corporations which might be innovating on this place.”
Inspite of the fact that women account for 80% of healthcare shelling out within the U.S., girls’s wellbeing has traditionally been underfunded and missed. This deficiency of economic funding has been notably hazardous to gals who’re on Medicaid, uninsured, or underinsured. SteelSky is constructing an ecosystem of portfolio suppliers throughout a wide selection of girls’s wellness indications that may function collectively to amplify their impact.
100 % of the agency’s portfolio firms impression underrepresented communities. Collectively, SteelSky’s portfolio corporations have introduced greater than 40 million people with get hold of to needed well being care suppliers. Highlights from SteelSky’s portfolio suppliers embrace Cayaba Therapy, which provides residence-based maternal general well being professional companies for underserved communities Origin, a digital very very first bodily remedy platform specializing in pelvic floor effectively being, being pregnant, and submit-partum care Lark, an AI platform for continuous therapy administration Raydiant Oximetry, creator of a way more actual fetal misery monitor ConcertoCare, which options built-in care to seniors within the residence and alleviates the burden of caregivers Twentyeight Total well being, an inclusive girls’s wellness telemedicine system and Zipline, a drone provide system rising accessibility to prescription treatment and lifesaving medical merchandise to rural communities.
“SteelSky is paving the way in which in girls’s effectively being and investing in organizations which might be creating a significant impression on the setting,” Casey mentioned. “Investing in girls’s wellbeing often means superior outcomes for women, and we’re simply acquiring began out.”
About SteelSky Ventures
SteelSky Ventures is a woman-led enterprise capital fund investing in corporations that increase accessibility, care, and leads to girls’s healthcare. The fund invests all through the spectrum of girls’s well being and health indications and in know-how infrastructure that helps new and trendy therapy supply designs. For more information about SteelSky Ventures, go to https://steelskyventures.com.
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