Some heavy hitters in the healthcare and pharma industries—HCA Healthcare, Eli Lilly and the American Hospital Association—are backing a new venture fund to invest exclusively in Black-founded and -led healthcare startups, Fierce Healthcare reports.
Nashville, Tennessee-based Jumpstart Health Investors raised $55 million for its new Jumpstart Nova venture fund, oversubscribing the initial $30 million goal. The fund will invest exclusively in Black founder-led healthcare companies across health IT, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness, according to a press release.
Jumpstart Nova investors and strategic healthcare partners also include Cardinal Health, Atrium Health, Henry Ford Health System, LHC Group and Meharry Medical College. The fund also launched with partners Bank of America, Pinnacle Financial Partners, FirstBank, Ingram Industries, Truxton Trust and Vanderbilt University. Read more.
