Patientory Inc. and ESG Initiative’s WIVA Combine Forces To Advance Democratization of Healthcare Data
Environmental Social Governance (ESG) Initiative’s Wharton Impact Venture Associates (WIVA) students announced the step into blockchain-based healthcare via a partnership with Patientory Inc. in a capital raise agreement. The two organizations became acquainted on WeFunder, a platform that allows non-accredited investors with limited capital to make purchases in early-stage companies with as little as $100. Patientory Inc. has already raised over $50,000 on the crowdfunding platform, with WIVA making its investments exclusively on the platform.
Following the small investment in an early-stage company, the platform offers the investor a Simple Agreement for Future Equity (SAFE), which grants them the right to obtain equity in the company at a future date if it sells shares in a future financing round.
“We’re excited to seek the backing of WeFunder’s investment community,” said Patientory Inc., founder Chrissa McFarlane. “Healthcare data is the foundation for improving healthcare around the world.”
Started at Wharton University, WIVA is an impact investing educational program focusing on companies showing massive potential in the ESG sectors. The program aims to educate, mentor, and provide hands-on training for students to find the most impactful early-stage companies. WIVA teaches students sourcing, financing and investment analysis, as well as providing network links between entrepreneurs and potential investors. Finally, students provide detailed research on the financial and impact analysis of the startups they identify, via one-on-one interactions with the founders and connecting with potential investors.
WIVA introduced Patientory Inc. to WeFunder to help the company raise capital and extend development on its
