Billionaire-backed nonprofit raises $533m for early-stage science: ‘We apply the venture capital model to philanthropy’

Just two years since founding, a US profit has raised over half a billion dollars to invest in early stage science, including in the UK and Germany, as it looks to rethink donor capital.

"Philanthropy is still operating with institutional models built for an earlier era," Kumar Garg, president at Renaissance Philanthropy, tells Impact Loop.