No strings attached: How one venture capital firm is helping restaurants and front-line workers through the pandemic

    Toronto-area health-care workers thank ResQ for meal deliveries, funded in part through Lumira Ventures’ “double bottom line” initiative. Lumira Ventures

    Every Tuesday, the team at Lumira Ventures gathers virtually to pitch ideas on how to invest their latest fund—without any expectation of a return on their investment. 

    The Toronto-based VCs, who have traditionally had a healthtech focus, have a long history of philanthropy. After the COVID-19 pandemic hit, managing general partner Peter van der Velden told The Logic, they realized the firm was spending less money—“not travelling, entertaining, things we’d normally do in terms of expenses. We wanted to put it all back into the ecosystem.”

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