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Photo Illustration: Sarah Grillo/Axios. Photo: Jemal Countess/Getty Images

Chelsea Clinton is in the very early stages of forming a venture capital firm, Axios has learned from multiple sources.

What we’re hearing: The working name is Metrodora Ventures, after the author of the first medical text known to have been written by a woman (around 2,000 years ago in Greece).

Behind the scenes: Clinton has been kicking around the idea for several months, and has committed to investing in at least two startups.

  • One of them is a pregnancy support app called Poppy Seed Health.
  • Clinton is making the early commitments personally, and would roll them into the fund if it gets raised.
  • Also involved is Caroline Kassie, currently a partner with Blockchange Ventures, who plans to join Metrodora in the future.

To reiterate, the best way to describe Metrodora right now is embryonic.

  • Clinton is said to have not decided yet if she wants this to be her next full-time career move, but there is at least a draft pitch deck floating around and "Metrodora Ventures" was registered in New York back in April.
  • Plus, a Twitter account was just created which describes Metrodora as a "values conscious venture capital firm focused on health and learning businesses."
  • Clinton once worked at hedge fund Avenue Capital, and currently sits on the boards of Expedia Group, IAC/Interactive Corp., and VC-backed startups Clover Health and Nurx.

Clinton, through a spokesperson, declined comment.

Go deeper

A new startup program puts the focus on urban issues

Illustration: Rebecca Zisser/Axios

As 2020 began, Scrum Ventures was already considering a new startup program focusing on tech for cities and the urban environment. Then the spring brought the coronavirus pandemic and a wave of protests following the killing of George Floyd, sealing the deal.

Driving the news: Scrum Ventures, in partnership with former NBA all-star player and investor Baron Davis, is debuting SmartCityX, a program aimed at helping startups connect with potential advisers and business partners.

Biden administration reinstates fast-track deportation flights

Guatemalan immigrant Yamari Yaneli, 1, waits with her family for U.S. Border Patrol agents to transport them to a processing center. Photo: John Moore/Getty Images

The Biden administration on Friday resumed fast-track deportation flights to Central America, the Department of Homeland Security announced.

The big picture: Officials said Monday that they were planning to resume "expedited removal flights" following an increase in the number of migrants crossing into the Rio Grande Valley of South Texas, the Washington Post reports.

More corporations are requiring workers to get vaccinated

Graphic: Axios Visuals

Life for the unvaccinated could get more difficult as bosses increasingly move to make COVID-19 vaccines mandatory.

The big picture: The federal Government in May said that it is legal for companies to require employees to get vaccinated for coronavirus.