$7 Million Investment Fuels Health Tech Innovation in Arizona

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Xcellerant Ventures (XVC) is proud to announce a strategic partnership with AZ Venture Capital Inc. (AVC), bringing $7 million in new funding to Arizona-based health technology startups. The $7 million, total, that is available for Arizona startups was made possible by a $5 million investment by AVC into XVC’s Fund. According to Douglas Sylvester, a general partner in XVC, “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.”

AVC plays a critical role in Arizona’s economic development by investing in top-tier venture funds that drive local innovation. 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. The 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 already includes ten cutting-edge healthcare companies, with half of them having a headquarters or significant presence in Arizona. 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.

“Arizona’s innovation economy is thriving, and health technology is at the forefront of that growth,” said James Goulka, President & CEO of AZ Venture Capital Inc. “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.”

As Arizona cements itself as a leader in health technology, investments like this drive economic growth, job creation, and groundbreaking advancements in patient care. With AVC’s strategic support and XVC’s expertise in scaling early-stage startups, Arizona is poised to become a national powerhouse for health tech innovation.

About Xcellerant Ventures

Xcellerant Ventures is an early-stage venture firm investing in transformative healthcare companies. With a focus on innovation, accessibility, and impact, XVC partners with visionary founders to accelerate breakthroughs that redefine the future of healthcare.

About AZ Venture Capital Inc.

Arizona Venture Capital Inc. is dedicated to fostering a robust entrepreneurial ecosystem by investing in venture capital funds that support Arizona’s most promising startups. Through strategic capital deployment, AVC helps drive innovation, economic development, and long-term business success in the state.