A brand new enterprise capital fund, XT Ventures, led by Craig Lambert, founding father of company innovation agency Slingshot, is on the hunt for startups within the sport, health, wellness and well being sectors, with backing from well being fund HCF.
HCF’s tipped in a $5 million cornerstone funding within the XT Ventures Excessive Efficiency Fund I, LP, by its well being tech accelerator HCF Catalyst. The strategic funding is designed to assist key innovation within the well being sector. Catalyst has already backed greater than 80 startups within the well being house during the last six years.
HCF CEO Sheena Jack mentioned the funding will assist XT Ventures to play a pivotal position in enhancing the well being of Australians by progressive health-focused know-how companies.
“At HCF, the well being of Australians is our precedence. That’s why we’re at all times taking a look at methods to foster innovation inside the healthcare system; we’d like disruptors to push the boundaries and thru this funding we’re in a position to assist that development,” she mentioned.
“There’s a extremely sturdy hyperlink for HCF and our members when it comes to preventative healthcare and the varieties of startups that XT Ventures will spend money on to do actually progressive issues to assist Australians enhance their general well being and wellbeing.”
XT Ventures is the nation’s first VC fund solely for startups within the sport, health, wellness and well being sector. Managing Associate Craig Lambert mentioned the fund will hunt for startups on the intersection of its 4 key wellness priorities which can be primed to reap the benefits of rising applied sciences corresponding to Web3, Blockchain, NFT’s, and the Metaverse along with AI, IoT, machine studying and 5G.
“The worldwide pandemic has accelerated digital adoption significantly within the sport, health, wellness and well being sectors, so the time is correct for each the fund and our traders to form the long run on this house,” he mentioned.
“HCF has a extremely deep pedigree in serving to progressive startups. Along with HCF’s information of the healthcare system we look ahead to supporting improvements that may change the trajectory of the well being of Australians.”
Lambert spend almost a decade as founder and CEO of Slingshot, and counted HCF amongst his purchasers, together with Information Corp, Qantas, and Caltex, turning into managing accomplice of XT Ventures in October final 12 months.