SteelSky Ventures

What SteelSky Ventures does

SteelSky Ventures is an early-stage venture capital fund that invests in AI-powered healthcare technology companies with a thematic emphasis on women's health, maternal care, fertility, and underserved healthcare markets. Founded in 2017 and headquartered in Atlanta with additional offices in New York and Dubai, the firm targets early-to-growth stage companies developing AI-driven solutions across maternal health (Cayaba Care, Mae), fertility (Posterity Health, Proov), mental and behavioral health (Bend Health, Motivo), chronic disease management (Lark, Movn Health, Midi Health), telemedicine (Twentyeight Health), diagnostics (Raydiant Oximetry), drone-based medical logistics (Zipline), specialty care (Commons Clinic), and life sciences analytics (Huma.AI, 23andMe). The portfolio of approximately 20 companies includes category leaders such as Zipline (valued at $7.6B following a $600M raise) and Midi Health ($1.1B valuation), with Bend Health's July 2025 acquisition by Lyra Health marking the fund's first publicly confirmed major exit.

The firm operates a standard venture capital revenue model, generating income through management fees on committed capital and carried interest on profitable portfolio exits, with no public disclosure of fund size, fee terms, or limited partner composition. Its go-to-market relies on a curated ecosystem of investment partners, corporate strategics, and healthcare operators (including advisors from Stanford Children's Hospital and ARM) to source deals, support portfolio growth, and drive exit outcomes. Disclosed portfolio investment activity totals roughly $86M across eight rounds spanning seed to Series B from 2021 through 2025, with SteelSky serving as lead investor on multiple rounds including Mae ($1.3M seed), Cayaba Care ($12M Series A), Motivo ($14M Series A), Ruby Love, and myLaurel. The firm does not disclose its own fundraising history beyond a single 2021 reference; legal entity type and incorporation jurisdiction are not stated in available sources.

Name

SteelSky Ventures

Legal name

SteelSky Ventures

Website

https://steelskyventures.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

SteelSky Ventures is an early-stage venture capital fund investing in AI-powered healthcare technology companies, with a thematic focus on women's health, maternal care, fertility, and underserved markets. The fund serves healthcare founders globally from offices in Atlanta, New York, and Dubai.

Ownership category

akta.pro rank

Product category

Venture Capital - Healthcare Technology

NAICS

Portfolio Management and Investment Advice (52394)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

Keywords

• Venture capital investing
• Healthcare technology investments
• AI-powered healthcare
• Women's health venture capital
• Early-stage startup funding

Headquarters

HQ city

Atlanta

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Venture Capital Fund Management: SteelSky Ventures generates returns through equity investments in healthcare technology startups. The fund likely earns management fees and carry (performance fees) typical of venture capital structures, with returns realized through portfolio company exits via acquisitions or IPOs.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

SteelSky Ventures is a venture capital fund that makes equity investments in early-to-growth stage healthcare technology startups, with a thematic focus on AI-driven healthcare innovation and women's health. The fund provides capital, ecosystem support, and strategic guidance to portfolio companies developing solutions in maternal health, telemedicine, diagnostics, mental health, fertility, and other healthcare verticals.

Product overview

SteelSky Ventures is a venture capital fund, not a product company. It does not offer a unified product platform or modules. The company provides investment capital and ecosystem support to portfolio companies in the AI-powered healthcare sector. Its portfolio includes companies in maternal health, chronic care management, telemedicine, diagnostics, mental health, fertility, cardiac rehabilitation, and specialized healthcare services.

Differentiator

Problem solved

Functional benefit

Products and services

• SteelSky Ventures Investment Fund

Quantifiable outcome

• Portfolio valued at over $10B in just 5 years
• +4 more outcomes

Named customers19 records

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Lyra HealthcoreStrategic or Co-development Partner · 16 July 2025Portfolio company Bend Health, a national virtual mental health clinic, was acquired by Lyra Health in July 2025, expanding whole-family mental health care.

Scale indicators3 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Astia: Astia is a global VC network and investment platform backing women-led companies including in healthcare and life sciences, sharing SteelSky's gender-lens investing approach.
• Section 32: Section 32 is a venture fund focused on healthcare and technology, investing at early-to-growth stages across digital health and AI-enabled care — a directly comparable healthcare-focused VC peer.
• Portfolia: Portfolia is one of the most active early-stage funds dedicated to women's health and femtech, with a thematic focus highly comparable to SteelSky Ventures' women-led healthcare AI thesis.
• Female Founders Fund: Female Founders Fund is an early-stage venture fund focused on female founders across consumer, health, and tech, directly comparable as a women-focused thematic fund that invests at the seed-to-Series A stage.
• Define Ventures: Define Ventures is an early-to-growth healthcare-focused VC investing across digital health, AI, and care delivery, closely matching SteelSky's healthcare-technology thematic mandate.

Broad incumbents

• ARCH Venture Partners: ARCH Venture Partners is a leading early-stage science and healthcare investor, operating at much greater scale and competing for transformative healthcare and biotech deals that overlap with SteelSky's thesis.
• Khosla Ventures: Khosla Ventures is a large, established VC with deep exposure to healthcare AI and digital health, representing a much larger incumbent competing for the same healthcare innovation deals as SteelSky.
• GV (Google Ventures): GV is a large, diversified venture investor with significant healthcare and life sciences activity, providing direct competitive overlap with SteelSky's healthcare technology investments.
• Andreessen Horowitz Bio/Health: Andreessen Horowitz's Bio/Health fund is a large, established player in digital health and healthcare AI, competing for the same AI-healthcare deal flow as SteelSky at much greater scale.
• Lux Capital: Lux Capital invests in frontier tech including healthcare, AI, and biotech, serving as a broader-incumbent peer with overlapping healthcare AI investment activity.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/steel-sky-ventures
• Xtwitter.com/steelskyv

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments28 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SteelSky Ventures