Invests in small businesses and start-ups contributing to the economic revitalization of Louisiana.
New Orleans BioFund was created to help regional startup companies grow, create jobs, and contribute to the economic revitalization of New Orleans. Capital is often difficult to obtain for small businesses and startups, which are high-risk ventures. The innovative BioFund program supports small businesses that may not qualify for traditional financing options. These investments help bridge a critical funding gap, thus allowing companies to better position themselves for growth and success.The New Orleans BioFund operates in all industries, but places a special emphasis on biotechnology as a part of its mission. Furthermore, the fund is currently transitioning to a micro-venture capital model. This will provide startup investment options such as equity, convertible debt, and loan financing options.
Date
Company Name
|
Round | Money Raised | Industry | Lead Investor |
---|---|---|---|---|
Aug 12, 2021
Fluence Analytics
|
Series A | — | Chemical | — |
May 28, 2021
AxoSim
|
Series A | — | Biopharma | — |
Mar 31, 2020
Fluence Analytics
|
Series A | — | Chemical | — |
Jun 1, 2019
AxoSim
|
Seed | — | Biopharma | — |
Aug 3, 2017
AxoSim
|
Seed | — | Biopharma | — |