Indianapolis-based Eli Lilly and Co. (NYSE: LLY) has made a $30 million limited partner investment in a newly-formed venture fund. The company says Unseen Capital Health Fund LP seeks to identify, fun
Why Lilly is Backing Minority Owned Healthcare Startups themiddlemarket.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themiddlemarket.com Daily Mail and Mail on Sunday newspapers.
Lilly Announces $30 Million Limited Partner Investment in Unseen Capital Health Fund
Fund will provide support for minority-owned early-stage healthcare companies and is a component of Lilly s racial justice efforts
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INDIANAPOLIS, Jan. 15, 2021 /PRNewswire/ Eli Lilly and Company (NYSE: LLY) today announced a $30 million limited partner investment in Unseen Capital Health Fund LP, a newly-formed venture fund created by racially diverse and historically underrepresented business leaders that is intended to identify, fund and support underrepresented founders of early-stage healthcare companies and those building solutions for marginalized communities. The $30 million investment by Lilly is a component of the company s racial justice efforts and provides mission-aligned capital for the Fund. Unseen Capital is now active and investing, and with Lilly s investment, is well on its way to achieving its target of $100 million.
Eli Lilly invests US$30m in health-equity focused venture fund businesstimes.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from businesstimes.com.sg Daily Mail and Mail on Sunday newspapers.