Alto Capital’s SPV will invest in the Gaingels Healthcare Fund I, a venture capital fund focused on investing in healthcare companies. This investment aims to support companies that may have a positive impact on the LGBTQ+ community.
Offering Details
Upcoming Webinar
About the Investment
Gaingels Healthcare Fund I
Targeting Seed to Series B venture investments, the Gaingels Healthcare Fund I aims to raise $10M to invest in early-stage healthcare companies. This fund seeks to support companies that may drive healthcare inclusivity for the LGBTQ+ community.
According to research by Gallup1, the LGBTQ+ community has more than doubled over the last decade. Within the newly-adult Gen Z demographic, approximately 20% identify as LGBTQ+, signaling the potential for meaningful growth in the target demographic.
This increasing population poses an imminent challenge, given that according to the National LGBT Health Education Center2, members of this community can encounter difficulties accessing quality healthcare. Surveying in 2018 by the Center for American Progress3 found that nearly 10% of respondents had a doctor or medical service provider refuse them care due to their orientation and even more avoid care due to concerns over cultural and clinical competency of their providers.
Fund Strategy
The Gaingels Healthcare Fund I Investment Committee intends to allocate the Fund across 25 to 30 investments in early-stage healthcare companies, with 30% reserved for follow-on investing.
The Gaingels Healthcare Fund aims to add value to portfolio companies through a $5M partnership with Eidos at The University of Pennsylvania4.
The Gaingels Healthcare Fund has already made five investments alongside top institutional investors including GV (FKA Google Ventures), Valor Ventures, M13, GreatPoint Ventures, SOSV, and Merck.
About Gaingels
Gaingels is a private investment syndicate, and one of the largest and most active private investors dedicated to supporting diversity and inclusion within the venture capital ecosystem to support LGBTQIA+/Allies communities.
Gaingels sponsors a Venture Inclusion Program that recruits diverse board members and company leadership, helps introduce VC to diverse investors, and has awarded $375,000 in scholarships to underrepresented students. The program also supports a Marketplace of minority-owned portfolio companies.
Meet the Team
Co-Founders
Investment Committee
Notable co-investors in Gaingels’ deals have included*:
*The sample co-investors listed are some that Gaingels have participated in rounds alongside, before, or after, and should not be taken as a predictor of future co-investors for any given portfolio company. There is no guarantee of who will be the co-investors.
Alto Capital
Value creation for companies and their investors is increasingly private
According to 2022 data analysis by Dealroom5, over 70% ($7.5T) of the $11T of value creation by companies founded since 2012 was from companies that remained private at that time.
This is supported by research from the National Bureau of Economic Research6, which found that the total number of publicly traded companies in the United States fell from 8,000 to 4,100 from 1996 to 2012, while the rest of the world saw an increase from 30,700 to 39,400.
These figures indicate an increase in private market capital opportunities for businesses, and venture capital plays a key role in this space.
Gain exposure to venture capital by investing in Alto Capital’s Gaingels Healthcare-focused SPV
Alto aims to empower individuals with investment opportunities curated for long-term, retirement-oriented consideration. The alignment between alternative assets’ naturally longer-term maturation of value over time and the forward-looking nature of investing for retirement is an overlap in strategy we refer to as duration matching.
Upcoming Webinar
Offering Documents
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Citations
- Gallup, February 22nd 2023: U.S. LGBT Identification Steady at 7.2%
- National LGBT Health Education Center
- Center for American Progress, January 18, 2018: Discrimination Prevents LGBTQ People From Accessing Health Care
- UPenn Nursing, February 23rd, 2023
- Dealroom, March 22nd 2022, Fintech startups democratizing venture capital
- National Bureau of Economic Research