Public Ventures launched a $100M impact fund aimed at "improving health equity and supporting climate preparedness for underserved communities." The fund will back early-stage life science and cleantech startups. While the fund is domiciled in the U.S., it will primarily back Canadian startups. - Founding partner Zoey Dash McKenzie cites the Canadian startup's challenges with scaling innovation despite having "some of the best hospitals and universities in the world" as the reason for the narrowed focus on startups in the region.
- Dash McKenzie said that the fund will have a "waterfall structuring, [to] make assessments on a deal-by-deal basis and then return funds back to our LPs earlier on."
| 