Eli Lilly & Co. is investing $30 million in a new venture capital firm that will fund minority-owned, early-stage health-care companies.
Unseen Capital Health Fund LP will invest in 50 startups focused on healthcare solutions for marginalized communities, Lilly said in a statement. With the drug giant as its anchor investor, the fund aims to raise a total of $100 million from the industry and beyond, and make six to eight investments by summer, said Kayode Owens, Unseen Capital’s 49-year-old general partner.
