Dr. Alice Zheng started medical school doubtful about the private sector, but after seeing business models like paid malaria nets and a cross-subsidized maternity hospital in India, she changed direction—going through residency at Mount Sinai, an MBA at Harvard, and a leadership role in McKinsey's women's health practice before becoming an investor, all while drawing on her own experience as a patient dealing with infertility, termination, and pregnancy complications. This mix of clinical training, business strategy, and personal experience shows up in how she invests, backing companies across diagnostics, the microbiome, maternity care, family building, mental health, and hormonal health rather than just one narrow area, and she has said she originally saw herself as “the doctor on the team” rather than someone leading an organization, which fits her more systems-focused approach.
About their Fund
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Health, Biotech, Medtech, Consumer, Under-represented founders
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Rhia Ventures is a hybrid nonprofit-venture platform in which its venture arm, RH Capital, operates inside a 501(c)(3), screening mission alignment and equity impact before standard investment diligence, and its leadership combines backgrounds in philanthropy and racial-equity work with clinical and health-system experience. Beyond investing in women's health startups—including companies focused on BIPOC and low-income maternal care, non-hormonal contraception, and biodegradable menstrual products—Rhia treats reproductive health as a systems issue linking corporate governance, racial equity, and capital allocation, engaging directly with companies on reproductive-health policies and workforce impact.
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