Symphonic Capital announced today in a blog post that it raised $13.5 million for its inaugural fund to invest in early-stage companies.
Sydney Thomas launched the firm in 2022 after leaving Charles Hudson’s Percursor Ventures, where she was the first hire.
Thomas said her fund will focus on founders outside of the Bay who are building in health care and financial services. Check sizes will be around $250,000. In the blog post, the firm wrote that “everyone should have access to reliable healthcare and financial freedom, regardless of their race, gender or ethnicity,” and that it wanted to partner with founders looking to build a more “equitable future.”
“We’re building a community of diverse, values-aligned investors, founders, and ecosystem builders,” the firm continued in its post. “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.”
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