AHA, Others Back First Venture Fund to Invest in Black-Owned Health Care Firms
AHA is among the investors and partners taking part in a first-of-its-kind movement to promote equity in access to capital for investments in Black-founded and -led companies at the forefront of health care innovation.
Jumpstart Health Investors announced Jumpstart Nova, a $55 million highly anticipated fund that will invest exclusively in Black-founded and -led health care companies across health information technology, digital health, tech-enabled services, diagnostic devices, biotech, medical device manufacturing and consumer health and wellness sectors. The fund has already exceeded its fundraising goal. The companies within the fund will be startups focused on developing solutions to improve access, affordability and outcomes in communities of need.
The AHA is joined by HCA Healthcare, Atrium Health, Henry Ford Health System and LHC Group among the fund’s investors and strategic health care partners.
“Hospitals and health systems need strong partners to collaborate with to build healthier and more equitable communities,” said AHA President and CEO Rick Pollack. “Jumpstart Nova aims to provide talented but too-often overlooked entrepreneurs with the capital they need to advance this important work. The AHA is excited about the investments this fund will make, which we believe can positively affect the double bottom-line of financial and social impact.”