Palo Santo Closes $50 Million Mutual Fund

Palo Santo, a venture capital fund, focused on Supporting and building emerging psychedelic therapeutics companiesrecently announced the closure of his $50 million fund.

“Against the backdrop of a growing global mental health crisis Our mission is to advance clinical development and FDA approval of these much-needed therapies that we believe will become the future standard of care. We are proud to play a role in this paradigm shift and look forward to creating value for our portfolio companies, investors and most importantly, patients and their families.” says co-founder Tim Schlidt.

The Palo Santo Fund is currently invested in over 20 portfolio companies in the psychedelic ecosystem. In addition, the firm combines its investment and portfolio construction experience with the expertise of leading academics and consultants in the psychedelic science.

“It is crucial that the most promising companies and therapies get it the funding needed to advance psychedelic drugs through clinical trials in a timely manner, and I am proud to be part of a team of professionals pursuing the same goal,” Julie Holland MD. and Palo Santo consultant completed.

Elon Musk’s Trippy Explorations With Psychedelics, More “Benefits” Than Using Alcohol

It was Elon Musk forthcoming about psychedelic drugs and is not afraid to talk about them and their benefits. He also supported Legalization of cannabis.

The billionaire shared a diagram with a friend showing that MDMA and psychedelic mushrooms are healthier than drinking alcohol, according to the friend, who told the New York Times.

It then interviewed over 40 people who have spent time with Musk over the past 15 years, many of whom have signed non-disclosure agreements.

Additionally, according to a source, Musk has attended almost all of them Burning Man Festival with his younger brother Kimbal Musk for 20 years.

The Tesla TSLA chairman has expressed support for psychedelics and ketamine and…