jumpstart nova

jumpstart nova

image by David Ruano

Everything is harder if you’re an abortion provider, said Cindy Adam.

Adam is the co-founder and CEO of Choix, a telehealth clinic offering abortion, reproductive and sexual care to women. In the four months since Roe v. Wade was overturned, companies like hers have had to pivot, reacting to fast-moving legal changes on both the state and federal levels.

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Photo courtesy of Kathryne Cooper

On this episode of the LA Venture podcast, Kathryne Cooper introduces Jumpstart Nova, a new $55 million fund investing in seed and Series A companies led by Black founders who are focused on health care innovation.

Cooper, an L.A.-native, previously managed an accelerator that made over 150 investments into medical technology companies. She’s a graduate of Stanford and went to medical school at USC. Later, she would return to the school to get her MBA while working at health tech startups.

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By all accounts, these are heady times for health-tech startups. In 2020, as the pandemic raged, a record $28.5 billion of venture capital poured into the U.S. biotech startup scene, according to Pitchbook data. New dollars inflated valuations for telehealth services, concierge medical practices and a slew of other startups designed to save doctors, hospitals and patients time and money.

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