The Wharton Fund for Health is a program launched 11 months ago that is looking to invest in early-stage companies that improve the social determinants of health in Philadelphia, according to the Aug. 2 Penn Medicine news release.
Fabric Health is a company that partners with laundromats to perform screenings and preventive care while patients do their laundry. Stimulus is a software as a service company that gives businesses information to help them meet their diversity, equity and inclusion purchasing goals.
Fabric Health and Stimulus are the fifth and sixth companies chosen by the fund to invest in. So far, $1.35 million has been distributed to the six companies in the fund. The Wharton Fund for Health plans to invest $5 million in startups over the next three years.
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