The Social Entrepreneurs' Fund
44 Court Street, Suite 309, Brooklyn, NEW YORK, 11201, United States
Overview
TSEF invests in software and services designed to help low income communities and organizations that serve them
- Total investments
- 13
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Investment portfolio
- Twentyeight Health
Participated · Series A · Jan 2025
Twentyeight Health is a NYC-based digital-first women’s healthcare platform that makes reproductive and sexual healthcare affordable through telemedicine consultations, fast at-home deliveries, and ongoing access to providers for services such as birth control and herpes treatments. The company accepts almost every commercial insurance and Medicaid plan, positioning itself as a broadly accessible alternative to traditional care. It currently serves more than 100,000 users across 43 states. Twentyeight Health raised $10M in a Series A, bringing its total capital raised to $25M. The company intends to use the funds to expand operations and accelerate product development. Bruno Van Tuykom serves as CEO. Twentyeight Health operates a women’s virtual healthcare platform focused on sexual and reproductive care, accepting Medicaid and partnering with culturally competent clinicians. The platform is bilingual (English and Spanish) and aims to serve medically underserved, low-income, and non-urban populations. Since founding in 2018, the company has expanded from six to 34 states and now covers more than 85% of women of reproductive age in the U.S. It has helped over 60,000 individuals access care, with 55% of users on Medicaid, 58% identifying as BIPOC, and 60% living in non-urban areas; 63% of its birth-control users previously lacked access to prescriptions. The company offers free birth control to uninsured users through a partnership with the Contraceptive Access Fund of Bedsider and donates 2% of revenues to related organizations. With recent funding, Twentyeight Health plans to expand nonprofit partnerships, grow its services and footprint, and improve the quality of its telehealth offerings. Twentyeight Health offers telemedicine reproductive-health services focused on contraception, providing online medical questionnaires reviewed by U.S. board-certified doctors and access to more than 100 FDA-approved birth control options. Customers receive shipments within three days and ongoing care via audio consultations and doctor follow-up messages. The company emphasizes serving Medicaid, underinsured, and uninsured women and works with partners such as Bottomless Closet and eight CUNY colleges to reach underserved populations. Twentyeight Health is the only telemedicine contraception provider noted in the article that accepts Medicaid and also partners with Bedsider’s Contraceptive Access Fund to provide free birth control to uninsured patients. The company donates 2% of its revenue to Bedsider and the National Institute for Reproductive Health. Launched in 2018, Twentyeight Health currently operates across Florida, Maryland, New York, New Jersey, North Carolina, and Pennsylvania and plans to use new funding to expand services across the U.S.
- She Matters
Participated · Equity · Feb 2024
SheMatters builds digital tools to improve maternal outcomes for Black and minority mothers, including a new Symptom Tracker app for monitoring signs of serious complications such as preeclampsia, eclampsia, and HELLP syndrome. The company also offers the SheMatters Cultural Competence Certification Program, which trains medical providers on safety, communication, and confronting the legacy of racism in healthcare. Major universities and hospital systems are adopting the certification to better serve minority communities. Founders Jade Kearney (CEO) and Marguerite Pierce (COO) lead the company’s strategy and product development. In 2024 SheMatters plans to grow its team and build out its product offering with the symptom tracker leading the effort. The platform emphasizes empowering expecting and new mothers to track vital signs and symptoms tied to life‑threatening conditions. She Matters operates a digital health platform that connects Black women with culturally sensitive postpartum care and trains clinicians on cultural competency. The app originally focused on postpartum anxiety and depression and connecting users with therapists, but has expanded to address a wider range of postpartum comorbidities including preeclampsia and hemorrhaging. The company shifted from training individual therapists to selling subscriptions and cultural-competency training to healthcare networks and systems, partnering with hospitals. Hospitals buy subscriptions and provide the app to patients as part of care packages; Kearney says average hospital contracts are about $1.2 million and the company does not charge Black moms for therapy. She Matters participated in Techstars late last year, has six employees and plans to grow to 15 by year-end, and has hired researchers and cultural experts for product expansion. Planned product lines include Ella Importa for Latina women, They Matter for LGBTQ people and Native Her for Native American women as it scales the approach to other underrepresented groups.
- Driver Technologies
Participated · Equity · Jun 2023
Driver Technologies is a New York-based AI mobility tech company led by CEO Rashid Galadanci that offers the Driver mobile app to turn a user’s phone into a dash cam. The app records trips, provides safety alerts (forward collision, drowsiness and distraction), offers cloud-based video storage, coaching, scoring and roadside assistance while giving users control over what data they share. Over the last six months the company launched two subscription plans—Driver Professional for enterprise fleets and Driver Family for households—and introduced Driver Cooler, a cooling dash-cam phone mount to encourage hands-free use. Driver has formed integrations and partnerships including being the only software-first solution on the Geotab Fleet Management Platform, entering the OEM market with TomTom, and protecting the car rental/sharing economy with Getaround. The company raised $6M in its latest funding round, bringing total capital raised to $16M. It plans to use the funds to expand adoption of its AI-powered dash cam and safety alert app into insurance-backed programs for commercial and personal drivers and to pursue direct integrations with insurance, automotive and municipal partners to enhance road safety.
- Wellth
Participated · Series B · Mar 2023
Wellth combines daily motivation, behavioral economics, and financial incentives to drive measurable behavior change for patients, encouraging actions like medication taking, blood pressure and glucose checks, and preventive visits. Its app delivers social‑media–like daily engagement designed to reach historically hard‑to‑reach Medicare Advantage, Medicaid, and D‑SNP populations. To date members have completed over 50 million daily check‑ins, achieving an average 90% care‑plan adherence, a 51% reduction in inpatient admissions, and a 16% improvement in medication adherence (PDC); the platform has helped partners attain 4+ Star ratings on Medicare Part C and D measures and reduce avoidable costs. Wellth will use new funding to broaden access across high‑need populations, accelerate product innovation and partner growth, and introduce generative AI capabilities to personalize motivation and care journeys. The company emphasizes a decade plus of behavioral data and outcomes as the basis for scaling its Daily Care Motivation approach. Wellth is based in Los Angeles and has been operating for 11 years. Wellth is a digital health company that applies behavioral economics and machine learning to drive daily health behaviors via a mobile app. Users perform simple daily tasks—such as snapping photos of medications or glucose readings—to form habits and increase adherence. The platform reports 91% daily member engagement and outcomes including a 42% average reduction in inpatient utilization, a 29% reduction in ED utilization, and a 16% improvement in medication adherence. Wellth's customers include health plans and provider organizations, and clients have measured cost savings and improved Medicare Advantage Star ratings. Founded in 2014 and headquartered in Los Angeles, the company has achieved impressive annual growth. The new capital will be used to further invest in the behavioral science engine behind the app and to expand the team to support a growing member base. Wellth provides a platform that uses behavioral economics, financial incentives and nudges to improve patient treatment adherence. Members submit scheduled virtual check-ins—typically daily—such as photos of medication or readings from glucometers and blood pressure cuffs. Check-ins are processed immediately by Wellth’s AI technology for verification, and insights can be relayed directly to care teams. Members keep an endowed daily amount and “cash out” at milestone intervals, creating instant gratification and reinforcing healthy habits. Led by CEO and co-founder Matthew Loper, the company plans to use new capital to expand its platform to new use cases. Wellth is based in New York City and recently raised a new funding round to support growth. Wellth is a Brooklyn-based behavioral economics startup that works with insurers and risk-bearing providers to motivate patient behavior change and treatment adherence. Its core product is a mobile patient experience that delivers daily contextual and personalized nudges and quick 'check-ins' for daily medications, using financial incentives and behavioral economics strategies. The company focuses on costly chronic diseases where poor adherence drives preventable hospitalizations and readmissions, including Type 2 Diabetes, Congestive Heart Failure, Cardiovascular Disease, COPD, Asthma and Behavioral Health. Wellth is led by CEO and co-founder Matt Loper. The company recently raised $5.1M in a Series A round to continue expanding its team and platform. It aims to help payers and providers better understand and improve patient behaviors to reduce costs associated with chronic disease management. Wellth is a digital health startup whose app tracks medication adherence, records weight, and uses incentives to motivate healthier lifestyle changes. CEO and co-founder Matt Loper said the company will use new funding to enable full-scale commercial implementations. Wellth has planned launches over the next six months and intends to generate data on interventions in type 2 diabetes, congestive heart failure, and post–heart attack discharge. The company’s near-term goal is to execute those implementations and publish data on impacts to adherence, health outcomes, and healthcare costs. Customers are insurers and risk-bearing providers, particularly in commercial and managed Medicaid markets, and Wellth typically charges on a per-user basis. The company says its actuarial model projects 4x+ returns after accounting for incentive payouts and Wellth fees.
- Cushion
Participated · Series A · May 2022
Cushion provides an app that helps U.S. consumers negotiate bank and credit card fees and is expanding into bill pay to offer a single place to track, pay, and finance bills. The company reports more than 100,000 current customers and an additional six-figure waitlist for the new bill pay product. After months of beta testing, Cushion is preparing the bill pay solution for a general audience. Proceeds from its financing will be used to hire across product, engineering, data analytics, and marketing to support the rollout. Led by CEO Paul Kesserwani and based in San Francisco, Cushion aims to help consumers avoid overdraft and late fees through its bill management and fee-negotiation services. Cushion offers a consumer app that downloads users' transaction histories, identifies assessed bank fees, and conducts negotiations with banks to secure refunds. The company only takes a commission on returned cash, aligning its incentives with customers. Founder Paul Kesserwani formed Cushion in late 2016 and built its own infrastructure to avoid using Plaid, launching a new platform in early January 2018. Cushion says it has onboarded tens of thousands of users and has recovered more than $1 million in fees for customers since founding. The company raised seed capital and is hiring engineers and data scientists to build out AI recommendations. Longer-term plans include broader active management features—switching users to lower-fee accounts, adjusting bill timing to avoid shortfalls—and potentially working directly with banks to offer lower-cost customer service channels.