Leading Healthcare and Blockchain Investors Join Hashed Health Effort to Accelerate Digital Transformation
UPMC Enterprises, CMT Digital, and Whistler Capital Partners join First Trust Capital Partners and Martin Ventures to Support Healthcare Venture Studio Opportunities
NASHVILLE, Tenn., October 18, 2021 (Newswire.com) - Hashed Health, a healthcare-focused venture studio, today announced an ideal group of leading healthcare and technology investors coming together to accelerate its innovation efforts. New investment partners include UPMC Enterprises (the innovation, commercialization and venture capital arm of integrated health system UPMC), CMT Digital (a Chicago-based investment firm focused on blockchain technology and crypto asset ventures), Whistler Capital Partners (a Nashville-based investment firm focused on healthcare services), and others. These organizations join existing investors First Trust Capital Partners and Martin Ventures.
"This is an important moment for applying distributed ledger, or blockchain, technology to many of the fundamental challenges facing healthcare," says Brent Burns, executive vice president of UPMC Enterprises. "As part of an integrated provider and insurer, we're excited to work with Hashed Health to nurture startups that create the innovative solutions needed in our interconnected healthcare landscape."
Hashed Health is known for having successfully launched ProCredEx, which was spun out of the Hashed Health venture studio with backing from Spectrum Health Ventures and Martin Ventures. Hashed Health plans to launch another five startups over the next two years. Each of these healthcare companies will be true to a shared vision of empowering the health of individuals and communities through innovation.
"We love the deep expertise in healthcare, technology, and venture operations represented by our new partners," says John Bass, Founder and CEO of Hashed Health. "Together we will advance a new generation of startups that tackle big opportunities that currently sit beyond the reach of any single enterprise."
About UPMC Enterprises
UPMC Enterprises is the innovation, commercialization, and venture capital arm of UPMC, a $23 billion health care provider and insurer based in Pittsburgh. With an emphasis on translational sciences and digital solutions, UPMC Enterprises provides its portfolio companies and partners with capital, connections and resources to develop solutions to health care's most complex problems. Working in close collaboration with innovators from UPMC and the University of Pittsburgh Schools of the Health Sciences, as well as others worldwide, UPMC Enterprises strives to accelerate science from the bench to the bedside and has committed to investing $1 billion in novel drugs, diagnostics and devices by 2024.
About Hashed Health
Hashed Health is an award-winning venture studio focused on foundational opportunities to improve healthcare delivery. We specialize in convening networks around innovative business models uniquely enabled by blockchain & distributed ledger technologies. We partner with healthcare enterprises to build software and networks that build trust, transparency, and alignment. In an increasingly digital landscape, our technologies have the potential to improve how value moves and how information is shared in a number of high-impact areas of healthcare.
Source: Hashed Health