SteelSky Ventures Raises Largest Women’s Health Venture Fund | Your money

ATLANTA, March 23, 2022 (GLOBE NEWSWIRE) — SteelSky Ventures, the leading women’s health fund, is proud to announce the final close of its inaugural fund focused on improving women’s health access, care and outcomes. The closing of the fund brings SteelSky’s total assets under management to $72 million, making SteelSky the world’s largest venture capital fund focused on women‘s health.

SteelSky invests across the spectrum of women’s health indications and care modalities, including medical devices, consumer health, digital health, online pharmacy, and retail therapeutics. The fund’s innovative approach to women’s health also makes it possible to invest in technology infrastructure that supports new and innovative models of care delivery.

Fund sponsors include an impressive list of strategic healthcare investors, such as the American Hospital Association (AHA), Eli Lilly, Blue Shield of California, MultiCare Hospital System, Henry Ford Hospital System and Essential Access Health .

“SteelSky Ventures makes critical investments in women’s health with an eye on innovation in care delivery,” said AHA President and CEO Rick Pollack. “The AHA is thrilled with how this fund can positively affect the dual bottom line of financial and social impact.”

In addition to support from leading healthcare institutions, the fund has garnered investment from leading financial institutions including Bank of America, JPMorgan Chase and Motley Fool Ventures. The fund’s advisers include Carter McClelland, former chairman of Bank of America and chief administrative officer of Morgan Stanley; Rick Mazjun, chief operating officer of Stanford Children’s Hospital; Hurley Doddy, CEO of Emerging Capital Partners and Kim Meredith, CEO of the San Francisco General Hospital Foundation.

SteelSky Ventures was founded by Maria Toler Velissaris, a serial entrepreneur, investor, and prolific advocate for female founders and women’s health. Maria discovered a gap in funding for women, and specifically women’s health, as an angel investor and launched the fund to capitalize on this nascent but growing opportunity. To date, Maria has invested in over 20 women-led businesses, sits on numerous healthcare boards, and has been featured as one of the top venture capitalists to watch by Forbes. In 2020, she received the NYU Stern Alumni Changemaker Award and was named to Business Insiders’ list of rising stars in venture capital.

“Women’s health is an area with enormous growth potential, and SteelSky is building a pipeline of the next billion-dollar health giants. We are proud to invest in entrepreneurs who are significantly advancing women’s healthcare around the world,” said Maria.

Rounding out the partnership, managing partners Buffy Alegria, who brings 16 years of banking expertise coupled with a deep understanding of healthcare and medicine, and Casey Albert, a healthcare entrepreneur with 20 years of experience in building, scaling and investing in healthcare businesses.

“The closing of our first fund is a signal that investors see the huge untapped potential in women’s health,” Buffy said. “The wave of support we have received confirms the importance of our thesis and the promising future for companies innovating in this field.”

Despite the fact that women account for 80% of health spending in the United States, women’s health has historically been underfunded and neglected. This lack of investment has been particularly detrimental to women on Medicaid who are uninsured or underinsured. SteelSky is building an ecosystem of portfolio companies spanning a wide range of women’s health indications that can work together to amplify their impact.

One hundred percent of the company’s portfolio companies impact underrepresented communities. Collectively, SteelSky’s portfolio companies have provided more than 40 million people with access to essential healthcare services. Highlights of SteelSky’s portfolio companies include Cayaba treatmentthat provides home-based maternal health services to underserved communities; Origina first digital physiotherapy platform specializing in pelvic floor health, pregnancy and postpartum care; Larkan AI platform for chronic care management; Radiant oximetrycreator of a more accurate fetal distress monitor; ConcertoCarethat provides integrated care for seniors at home and eases the burden on caregivers; Twenty-eight Health, an inclusive telemedicine platform for women’s health; and Ziplinea drone delivery platform expanding access to prescription drugs and lifesaving medical products for rural communities.

“SteelSky is leading the way in women’s health and investing in companies that have a meaningful impact on the world,” Casey said. “Investing in women’s health means better outcomes for women, and we’re just getting started.”

About SteelSky Ventures

SteelSky Ventures is a women-led venture capital fund that invests in companies that improve women’s health access, care and outcomes. The fund invests across all indications of women’s health and in the technology infrastructure that supports new and innovative care delivery models. For more information on SteelSky Ventures, visit

Press Contact SteelSky Ventures PR

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