Brown Venture Group
370 Wabasha St N Ste 615, Saint Paul, Minnesota, 55102, United States
Overview
Brown Venture Group, LLC, is a venture capital firm exclusively for Black, Latinx and Indigenous technology startups. Brown Venture Group is writing a new playbook for both those interested in launching a minority-owned technology startup and those interested in investing in new technologies.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Banking
Investment portfolio
- Hollywood Unlocked
Participated · Seed · Jan 2023
Hollywood Unlocked operates an exclusive entertainment news platform led by CEO Jason Lee. The site delivers celebrity news and original, candid content positioned at the intersection of fans and influencers. It is based in Los Angeles, CA and emphasizes exclusive and authentic storytelling. The company raised approximately $1.7M in Seed funding. It plans to use the proceeds to further develop its technology platform, expand the business, and support operations.
- Nice Healthcare
Participated · Series A · Mar 2022
Nice Healthcare provides a fully integrated clinic model that delivers in-home and virtual primary care, mental health therapy, and physical therapy using technology, logistics, and expert clinicians. Its clinicians can offer x-rays, 35 labs and blood draws, and a formulary with over 550 medications with no out-of-pocket costs. The company is led by CEO Thompson Aderinkomi and is available in parts of Arizona, Colorado, Idaho, Minnesota, Nebraska, New Mexico, Nevada, Utah, Iowa, Wisconsin, Oregon and Washington. More than 400 small businesses currently use Nice Healthcare for employee healthcare benefits. The company plans to use recent funding to expand into more markets. Recent executive hires include a Chief Experience Officer, Chief Financial Officer, and Chief People Officer. Nice Healthcare delivers in-home and virtual primary care services, contracting directly with small and medium businesses to provide unlimited access under a capitated rate. The company offers in-home visits, virtual visits, in-home labs and x-rays, virtual physical therapy, chronic condition management, and a formulary of 550+ medications. It charges a transparent $30–$36 per employee per month with dependents included and no visit fees. Since launching in October 2017, Nice clinicians serve over 200 small businesses encompassing 30,000+ members and currently operate in five states. The company targets small employers (many with fewer than 50 employees and some as small as five) and focuses on expanding into underserved cities and rural areas. Nice plans to use the new financing to launch its model into several new markets, with a plan to open 10 new markets in early 2021.