Symphonic Capital, based in San Diego, has launched a $13.5 million fund aimed at supporting early-stage entrepreneurs, particularly those with ventures valued at $10 million or less.

This initiative seeks to redefine venture capital by prioritizing meaningful impact over profit and addressing the needs of overlooked startups.

The firm promotes a new model of venture capital that champions equitable growth and nurtures startups that address societal challenges.

The fund focuses on the healthcare and financial services sectors, targeting areas where systemic inequities exist and aiming to foster innovation.

Investments in digital health and fintech are expected to empower innovations that enhance access to healthcare and financial services for underserved populations.

With only 3% of AI investment directed to emerging markets, this initiative aims to bridge that gap and support diverse innovators.

Sydney Thomas and Shruti Shah lead the fund, both committed to uplifting marginalized innovators and creating societal change through investment.

Launched in April 2024, the fund has garnered support from a network of limited partners, emphasizing the importance of backing visionary entrepreneurs.

Symphonic Capital's strategy highlights the significance of intention and action in investment decisions, aiming to shift traditional venture capital narratives toward inclusivity.