Elizabeth Bailey moved from backing companies like Teladoc as a partner at Commons Capital, one of the first impact investment funds, into helping build the women's health investing field at Rhia Ventures, where she now sits on the boards of companies like Raydiant Oximetry and Testmate Health. She's known for having witnessed firsthand how much reproductive health investing surged right after the Dobbs decision, and for explaining her focus on women's health in personal terms, saying that backing it is really about being on her own side.
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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