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April 29, 2021
April 29, 2021 | Illumina joins the Gates Foundation in a global pathogen genomics initiative, new money for immune profiling, and Benchling nets $200M for their cloud platform.
$375M: Fund for Growth-Stage Medtech, Digital Health
Endeavour Vision has closed Endeavour Medtech Growth II (EMG II) LP at USD 375 million in capital commitments. The fund will pursue the same strategy as its predecessor: to support growth-stage medtech and digital health innovations that advance the standard of care and bring efficiencies to healthcare systems. Both new and returning investors supported EMG II LP, including public pension funds, multi-manager funds, family offices, and high-net-worth individuals. EMG II LP builds on Endeavour Vision’s two decades of healthcare investing, which to date has included over USD 500 million invested in 42 companies 21 of which have exited via an acquisition or IPO. The fund has already supported seven companies with investm
In a sign of the dramatically shifting landscape of San Joaquin Valley agriculture, the iconic and long-abandoned Lindsay Olive factory will find new life as a marijuana cultivation facility.
Earlier this month, Lindsay City Council members unanimously approved a conditional use permit, clearing the way for 10,000 square feet of the once-bustling olive plant to grow another green crop.
The business is expected to create as many as 20 jobs and bring up to $80,000 to the city s coffers each year, officials said. That s enough to fund a police officer s salary, purchase a couple of cruisers, or a hundred other types of services, Lindsay City Manager Joe Tanner said.
(Image: 1 US Bank Note /geralt via Pixabay, licensed under Creative Commons Zero)
A new digital companion application helping families navigate the logistical and emotional journey of losing a loved one launched this week with $13 million in seed funding. Called Empathy, the company is backed by the round’s leading investors General Catalyst and Aleph.
Empathy’s platform leads grieving families through end-of-life bureaucratic tasks such as arranging a funeral, validating a will, canceling accounts and cleaning out properties. It also has a human support element where loss experts are available to provide emotional and practical advice. It’s the inherent optimism of human nature that causes us to avoid talking about death,” Ron Gura, the cofounder and CEO of Empathy, said in a statement. But because we don’t discuss it, we miss out on important opportunities to innovate and provide families with technology that can help them manage some of life’s most challenging mo
CORNING, Calif.
Sonia Bravo lives with her family off a gravel road near the Sacramento River, on a tranquil two acres where they can hear roosters crowing and gaze at snow-capped Mt. Shasta in the distance.
As urban areas locked down last spring and people got sick and died from the coronavirus, they felt far removed.
“We had a mindset like, ‘We’re not going to get it. That’s just in the cities,’” said Bravo, 34.
How she wishes that had been true.
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Last summer, everyone in the house Bravo shares with eight family members got COVID-19: Bravo, her husband, her 7-year-old twin boys. Her mom and dad. Her two sisters. Her brother.