Xcellerant Ventures (XVC) announced a strategic partnership with AZ Venture Capital (AVC), bringing $7 million in new funding to Arizona-based health technology startups. The $7 million in total funding, which is available for Arizona startups, was made possible by a $5 million investment by AVC into XVC’s Fund.
AVC plays a major role in Arizona’s economic development by investing in top-tier venture funds that drive local innovation. And by investing in XVC’s Fund I, AVC is propelling the growth of high-potential healthcare startups—giving them the resources to develop groundbreaking technologies that will transform patient care and the future of medicine. This fund focuses on early-stage companies led by dynamic founders with strong intellectual property and a clear vision for improving health outcomes.
XVC’s portfolio also already includes ten cutting-edge healthcare companies, with half of them having a headquarters or significant presence in Arizona. And this latest investment will expand that impact, ensuring even more homegrown entrepreneurs have the resources, capital, and mentorship needed to scale their innovations within the state.
As Arizona solidifies itself as a leader in health technology, investments like this drive economic growth, job creation, and groundbreaking advancements in patient care.
KEY QUOTES:
“The $5 million from AZ Venture Capital spurred our investors to add $2 million to our Fund. This additional funding strengthens the state’s growing position as a hub for healthcare innovation, empowering entrepreneurs to develop transformative solutions that improve patient care, accessibility, and affordability.”
– Douglas Sylvester, a general partner in XVC
“Arizona’s innovation economy is thriving, and health technology is at the forefront of that growth. By investing in Xcellerant Ventures, we are ensuring that Arizona’s most promising healthcare entrepreneurs have the capital and support they need to scale groundbreaking solutions. This partnership reflects our commitment to transforming Arizona into a national leader in health tech.”
– James Goulka, President & CEO of AZ Venture Capital
