The Local Initiatives Support Corporation (LISC) has committed to invest $1 million in SustainVC Impact Fund II, a $25 million fund supporting early-stage companies focused on social and environmental impact.
The commitment is part of LISC's capital management strategy to align a portion of its investable assets with its mission to build a broadly shared prosperity throughout the country.
The strategy includes a new impact investment in SustainVC Impact Fund II, which finances enterprises that advance climate solutions, economic equality, health and education.
SustainVC supports entrepreneurs in three impact categories: climate and sustainability, equality and empowerment, and health and education. Read the Entire Article
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Gradian Health Systems, which pioneered the CE-marked Universal Anaesthesia Machine to bring general anaesthesia in underserved communities around the world on patients of any age, is a Limited Liability Corporation (LLC) solely owned by a New York City-based private foundation, the Nick Simons Foundation.