By: Kelton Brooks
To address racial health disparities among Black people, entrepreneur Kimberly Wilson announced her start-up, HUED, has raised $1.6 million in seed funding to combat the inequality.
“I started this company because of my core belief in the preciousness of Black lives and the desire to protect it,” Wilson told CNBC. “Building a startup as a Black woman in health care is hard, incredibly hard. And, I think that’s why this round announcement is particularly special.”
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Wilson received a vast number of investments, including Serena Williams’ VC fund Serena Ventures, Black Founders Matter, Female Founders Fund, Gingerbread Capital and angel investor and health-care leader Halle Tecco.
Wilson said she created this company because of her own personal experience as a patient after receiving improper health care for a fibroid diagnosis in 2017.
The goal of HUED’s is to impact over 500,000 Black and Latino patients by 2025. Wilson believes this is achievable through increased access to quality health care. She also stated that entering a partnership with the right investors was super important.
“We are thrilled to back Kimberly and her vision for HUED in making health care more equitable for millions of Black and Latinx patients,” said Anu Duggal, founding partner of Female Founders Fund. “She has built exciting traction with a strong team and we believe the HUED model will have a massive impact on health care outcomes in this country.”