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Benzinga
Benzinga
Business
Joana Scopel

Palo Santo Closes $50M Psychedelic Therapeutics Investment Fund

Julie Holland Mental Health

Palo Santo, a venture capital fund focused on backing and building emerging psychedelic therapeutics companies, recently announced the closing of its $50 million fund.

The oversubscribed fund is positioned to have a transformative impact on the field of mental health by funding a diverse portfolio of businesses developing innovative psychedelic medicines and therapies targeting both mental health as well as a range of Central nervous system (CNS) disorders.

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