After the US Supreme Court decision in June to overturn the constitutional right to an abortion, individual investors turned their attention to reproductive health care
In recent years, funds focused in investments that have a social impact have emerged to bet on startups advancing reproductive health and innovation. After the Supreme Court decision in June to overturn the constitutional right to an abortion, individual investors turned their attention to reproductive health care.
Almost immediately after the court’s decision, Alinea, an investing app geared toward young adults, saw a new investment focus on companies that support reproductive health, said Alinea’s founders, Eve Halimi and Anam Lakhani. “When the news came out, one of the community members created a pro-abortion-rights playlist” — as in, a basket of stocks — “with companies that were supporting the cause,” Halimi said. “We saw a rush of activity.”
That first, spontaneous user-created playlist included companies that were taking a stand to support abortion access, rather than those connected to women’s health, echoing public demand for businesses to weigh in on the issue.
©2019 New York Times News Service