Wellness and sport-focused VC XT Ventures launches with $5 million from health fund HCF

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 High Performance Fund I, LP, via its well being tech accelerator HCF Catalyst. The strategic funding is designed to help key innovation within the well being sector. Catalyst has already backed greater than 80 startups within the well being area over the past six years.

HCF CEO Sheena Jack stated the funding will assist XT Ventures to play a pivotal function in bettering the well being of Australians via progressive health-focused expertise companies.

“At HCF, the health of Australians is our priority. That’s why we are always looking at ways to foster innovation within the healthcare system; we need disruptors to push the boundaries and through this investment we’re able to support that growth,” she stated.

“There’s a really strong link for HCF and our members in terms of preventative healthcare and the types of startups that XT Ventures will invest in to do really innovative things to help Australians improve their overall health and wellbeing.”

XT Ventures is the nation’s first VC fund solely for startups within the sport, health, wellness and well being sector. Managing Partner Craig Lambert stated the fund will hunt for startups on the intersection of its 4 key wellness priorities which are primed to make the most of rising applied sciences comparable to Web3, Blockchain, NFT’s, and the Metaverse along with AI, IoT, machine studying and 5G.

“The global pandemic has accelerated digital adoption particularly in the sport, fitness, wellness and health sectors, so the time is right for both the fund and our investors to shape the future in this space,” he stated.

“HCF has a really deep pedigree in helping innovative startups. Together with HCF’s knowledge of the healthcare system we look forward to supporting innovations that can change the trajectory of the health of Australians.”

Lambert spend almost a decade as founder and CEO of Slingshot, and counted HCF amongst his purchasers, together with News Corp, Qantas, and Caltex, turning into managing companion of XT Ventures in October final yr.

Areas of curiosity for XT Ventures embrace related units, health tools and apps, wearables and trackers, sensible tools and attire, digital and AI coaches, information and analytics. 

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