A venture capital firm based in Newtown has been granted state money to invest in “early-stage healthcare access and quality of care by underprivileged individuals.”
The Pennsylvania Department of Community and Economic Development’s Ben Franklin Technology Development Authority will invest $2 million on behalf of Sana Capital Fund I, LP.
“The fund is being established by Sana Capital Partners, LLC to invest in early-stage healthcare access and quality of care by underprivileged individuals. Sana is 100 percent Latinx-owned and is led by founder and Managing Partner Jason P. Torres,” according to state officials.
A separate $1 million investment was made in an unrelated Philadelphia fund.
“Today’s awards will help support many worthy projects, including one that will expand healthcare access in underserved communities,” said Pennsylvania Department of Community and Economic Development (DCED) Secretary Rick Siger.
The Ben Franklin Technology Development Authority is billed by the state as “one of the largest state technology development programs in the nation.”
