With two new portfolio companies added in August, the New Orleans BioFund has now invested over $2 million in 12 local companies. These firms have created more than 135 jobs across a variety of industries, from biotech to nutrition. Two new recipients include Your Nutrition Delivered, a fresh food delivery and vending startup, and Jack and Jake's, a 27,000 square foot market (left) expected to open in October in Central City that will offer affordable, locally grown food and products. The Biofund now looks to grow and expand its capital offerings this year to include equity investments, convertible debt instruments, and short term loan vehicles.
