Chelsea Clinton’s Metrodora Ventures is raising second fund

For its debut fund, the New York-based firm raised at least $20.8m from 27 investors.

Chelsea Clinton’s venture firm, Metrodora Ventures, is in the market raising its second fund.

Metrodora Venture Partners II LP is raising an undisclosed amount, a regulatory filing shows.

The filing does not list the members of the general partnership, as is common practice, but PitchBook reports that Metrodora is made up of Clinton, whose title is given as co-founder; Caroline Kassie, managing partner and general counsel; and Mayher Uppal, executive.

Venture Capital Journal emailed Kassie for comment, but did not hear back before press time.

The New York-based firm, which focuses on health and learning, raised at least $20.8 million from 27 investors for its debut fund, according to an SEC filing from last September.

Metrodora has kept a low profile since its launch in 2020. Its website is a single page with the statement: “We are a values-conscious venture capital firm backing early-stage businesses in health and learning,” and an illustration of Metrodora, author of the oldest medical text known to have been written by a woman.

Clinton, an author and health advocate, is the daughter of former President Bill Clinton and former Secretary of State Hillary Clinton.

Before entering venture capital, Clinton worked for McKinsey & Company, Avenue Capital Group and New York University, and she serves on several boards, including those of the Clinton Foundation, Clinton Global Initiative and IAC/InterActiveCorp, according to her Wikipedia page.

She has been an active venture investor, serving as lead partner on eight of her firm’s 14 deals, according to PitchBook. Clinton has invested in three companies this year:

  • Swing Therapeutics, a digital health company focused on chronic conditions, raised $10.3 million on June 16 in a Series A round led by JAZZ Venture Partners, with participation by Metrodora and six other firms.
  • NeighborSchools, a micro-childcare facility developer, raised $5 million in a round led by Accomplice VC on April 12, with participation from Metrodora Ventures, Hannah Grey Ventures and 186 Ventures.
  • OPUS, an edtech company, raised $2 million on April 14 in a round led by Gutter Capital, with participation from Metrodora.