Jumpstart Foundry selects 17 start-ups for its latest round of investments

Jumpstart Foundry (JSF), one of Tennessee’s most active healthcare venture capital firms, has announced its latest round of new investments.

The Spring selection consists of 17 innovative healthcare start-ups chosen from an applicant pool of nearly 200. Jumpstart Foundry plans to make a record number of investments this year from its largest fund to date, totaling 34 deals, with the second round of offers to be made in the Fall of 2021.

Each selected company receives an investment of $150,000 via standard post-money SAFE (Simple Agreement for Future Equity) notes. In addition to JSF’s capital investment, the 17 start-ups will participate in an exclusive program for JSF portfolio founders, Jumpstart Insight. The two-year program combines virtual learning with access to resources and a community of peers to give founders the edge required to succeed as healthcare entrepreneurs.

The 2021 portfolio includes healthcare start-ups with solutions in the areas of employer cost savings, mental and behavioral health, and telemedicine to name a few.

“We’ve identified solutions that support a new era of care and delivery that, as a result of Covid-19, arrived more quickly than anticipated,” said Eller Mallchok, Managing Director of Jumpstart Foundry.

Click here to see a full list of the latest investments.

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