NASHVILLE, Tenn. (PRWEB) November 30, 2020
Jumpstart Foundry, a healthcare-focused private investment firm headquartered in Nashville, announced today its second round of 2020 portfolio selections. The Fall 2020 selection of portfolio companies consists of 5 healthcare startups chosen from a pool of more than 200 applicants, which brings the total number of seed-stage investments to 108 for the TN firm.
Ranked as one of the most active venture capital investors in Tennessee, Jumpstart Foundry annually makes 20-25 standard investments of $150,000 via convertible SAFE notes into innovative companies in the health space. These companies are expected to have a tremendous impact in the health domain while driving strong financial returns for Jumpstart’s investors.
“We received a record number of applications this year and were able to be incredibly selective in our approach,” said Eller Mallchok, Jumpstart Foundry’s Managing Director. “Of course, I was pleased with the quantity of applications, but the quality was also impressive. There is no lack of supply of healthcare innovation, and Jumpstart is here to help them grow.”
The Jumpstart Foundry Fall 2020 cohort of portfolio companies include various novel healthcare applications such as malnutrition diagnosis, behavioral health solutions, AI-powered labor management, and care management. All five companies will participate in a virtual onboarding orientation to connect with Jumpstart’s network of industry experts and will be indoctrinated into The Jumpstart Refinery, Jumpstart's exclusive digital community, designed to connect the Jumpstart Foundry network and support growth acceleration.
“It has been an interesting and exciting year to be in venture capital – particularly in healthcare innovation. We are excited to welcome these new companies from diverse backgrounds across the country into the Jumpstart Foundry family,” said Jumpstart Foundry COO Dr. Brian Dougherty.
In a time of great uncertainty, Jumpstart Foundry remains committed to making investments that support healthcare innovation. The Nashville-based venture capital firm is excited to MAKE SOMETHING BETTER in health as they prepare to deploy more capital in 2021.
About Jumpstart Foundry:
Jumpstart Foundry is a seed-stage healthcare innovation fund with one goal: Make Something Better. Jumpstart Foundry invests $150K in 15-20 healthcare startups from around the country each year. Jumpstart then guides and supports entrepreneurs through a systemized, step-by-step process to help each business reach success. The JSF fund has over 100 companies in its portfolio and was reported as Tennessee’s most active venture capital firm in January 2020 by CB Insights.
For questions or additional information, please contact:
Richard Amoako
Content Marketing Manager | Jumpstart Foundry
richard@jsf.co
423-676-5282