Omidyar Network spins off new venture firm Flourish

Omidyar Network has spun off Flourish, a new venture firm focused on investing in "entrepreneurs whose innovations help people achieve financial health and prosperity." Flourish is launching with an existing $200 million portfolio across U.S. and emerging markets as well as an additional $300 million at its disposal over the next five years. Pam and Pierre Omidyar, the founder of eBay, are backing Flourish.

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