Stoic Venture Capital commits further to healthcare following Cardihab success

March 26, 2021 2 min read

Stoic Venture Capital commits further to healthcare following Cardihab success

Stoic Venture Capital has committed to further bulking up its healthcare investments as the prevalence of chronic disease such as cardiovascular disease continues to rise.

 

Stoic Venture Capital Managing Partner Geoff Waring said Stoic was committed to increasing its healthcare and life science holdings while most other venture capital firms focused predominantly on software.

 

Stoic Venture Capital has 9 healthcare companies in its portfolio of 17 companies since establishing three years ago.

 

“Many investors prefer software to health and science-based technology, but in doing so they neglect lucrative opportunities to invest where Australia has a global competitive advantage in its medical research,” Dr Waring said.

 

Cardihab is a virtual program that patients complete remotely while under clinical supervision by qualified healthcare professionals. Supported by weekly phone or video consultations from their clinician, patients can benefit from the convenience of technology enabled care from their home.

 

“Cardihab is targeted at the world’s biggest killer – heart disease. The global cardiac rehab health market size is expected to be worth US$2.5B by 2025.”

 

Dr Waring said Stoic’s unique partnership with university-focused investment fund Uniseed gave investors access to the most promising health and science opportunities such as Cardihab, which was developed at the CSIRO.

 

Cardihab is a landmark Australian digital health platform that facilitates the virtual delivery of cardiac rehabilitation services for patients recovering from cardiac events and living with heart disease.

 

Cardihab has just announced a state-wide agreement with the Tasmanian Department of Health and Royal Flying Doctor Service Tasmania to provide digital cardiac rehabilitation services in public hospitals across the state.

 

“Cardihab provides a solution for patients living in regional and rural areas and will become increasingly important as our health care system strives to meet the needs of our ageing population,” Dr Waring said.

 

Cardihab Chief Executive Officer Helen Souris said Cardihab’s clinically validated platform provided an important solution to managing heart disease

 

About Stoic Venture Capital

Stoic Venture Capital provides financing for early-stage companies, particularly those arising from university research. We are unconditionally registered as an Early Stage Venture Capital Limited Partnership (ESVCLP). We take a collaborative approach to investing in the highest potential companies.

 

https://www.miragenews.com/stoic-venture-capital-commits-further-to-534810/

 



Also in News

PERKii's gut instinct: Delivering REAL priobiotic goodness to your gut
PERKii's gut instinct: Delivering REAL priobiotic goodness to your gut

December 23, 2021 4 min read

In our final Art of the Startup series for 2021 we connect with one of our all time favourite investee companies, Perkii Probiotics and it's CEO Anthony Davie. 

 

PERKii ranked 18 in the Smart50 Awards
PERKii ranked 18 in the Smart50 Awards

December 09, 2021 1 min read

Over the past three financial years, PERKii Targeted Release Probiotics has seen stellar growth, increasing revenue from $1.1 million for the 2018-19 financial year to $3.2 million in 2020-21, with now over 10,000 distribution points & an in-store presence in Coles, Coles Express, Woolworths and Costco.
Digital health startup Cardihab is changing clinical care for people with cardiac disease
Digital health startup Cardihab is changing clinical care for people with cardiac disease

December 06, 2021 5 min read

This week’s Art of the Startup features Cardihab, a transformative Australian startup at the forefront of digital health. Cardihab’s patient-centred virtual care platform provides a new solution that is engaging more patients in life changing cardiac rehabilitation.