Frist Cressey Ventures

Our investment range typically spans from €500k to €1mln with a particular affinity for backing second-time founders. Our investment approach is industry-agnostic, but we have a strong preference for sectors like Fintech, Insurtech and Healthtech. We actively participate on the board when leading investments. Our commitment extends beyond capital, as we prioritize offering operational support and fostering valuable connections with our extensive network of global VCs. We empower founders to unlock the power of a compelling storytelling. At our firm, we pride ourselves on our swift decision-making process. You can expect a definitive 'yes' or 'no' from us in a matter of days.

HC9 brings together the collective insights and experience of successful entrepreneurs and executives from across the industry. Our General Partners collectively have over 70 years’ experience investing in, leading and growing healthcare companies.

Cobalt’s strategic approach adds value for entrepreneurs and co-investors who seek partners bringing more than just dollars to the mix. While we focus on generating superior financial returns, we’re equally passionate about supporting our portfolio companies with unique industry insights and direct access to healthcare leaders, stakeholders and subject matter experts through our affiliation with a leading regional health plan. A Flywheel of Value Creation Cobalt acts as a catalyst for strategic engagement between both the entrepreneurs and corporate partners we serve. Our investment model drives a flywheel of value creation by aligning the strategic priorities of payers and providers with achievement of key commercial milestones for our portfolio companies. Supporting this path for collaboration in both directions is an integral part of our investment process. We start at the earliest stages of evaluating any opportunity -- and continue to work as an active and engaged partner to execute on innovation long after the deal is done. For Entrepreneurs Cobalt supports business development and partnership opportunities for: Product development Pilots and use case implementation Business model and ROI validation Customer acquisition Follow-on investment and exits For Payers and At-Risk Providers Our portfolio companies drive strategic value by: Lowering total cost of care Improving experience, engagement and quality metrics Expanding access to care for members and patients Aligning payers and providers to value Enhancing business growth and administrative efficiencies Our Core Principles Our Team is passionate about forging strong partnerships that drive significant growth and value creation for our portfolio companies. We are committed to the following shared principles and values: We are both financial returns motivated and mission oriented. We believe we can do well by doing good. We are not passive investors. We act with a partnership mentality and seek to work with people who want to actively partner and collaborate with us. We are undeterred by the dysfunction of our healthcare system, and we are obsessed with trying to improve it for payers, providers and patients. We value honesty, integrity and transparency. We expect the same from our partners. We value and support the principles of diversity, equity and inclusion. We do serious and important work in support of incredibly talented entrepreneurs and professionals, but we will always strive to have fun while doing it.

We are dedicated team of experienced investors who help to enable groundbreaking work by investing in and fostering companies and technologies that advance the future of health. Entrepreneur-friendly strategic investor that speeds access to new healthcare products and services to improve patient care Established by UNC REX Healthcare in 2012 as part of its commitment to innovation Partners with emerging companies throughout North Carolina and the U.S. Leverages the talent and subject matter experts across the UNC REX and UNC Health Care network

Investing in early stage, transformational, early software innovators who are delivering solutions that will shape the next era of business, harmonizing machine and human capability to drive increased sales, reduce costs, or deliver innovative user experiences. Our Focus Areas There are 6 key themes that we expect to shape the future of AI in the enterprise: Knowledge Assembly Line - Human and machine working together in concert to "manufacture" knowledge products Next Generation of User Experience - Using voice and language-based commands to interact with software and systems Digitization of the Physical - Algorithms and approaches that replicate and understand complex natural processes and systems Truly Smart Devices - Devices that enable real-time intelligence from sensors and robotics Novel Computational Approaches - New methods of training AI that reduce the amount of data or computation to achieve results Accessibility of Machine Intelligence - Platforms and tools that increase the accessibility of artificial intelligence in the enterprise How They Use AI We have 6 specific categories of AI implementation that we expect from companies: Process Automation - Automation of digital and physical tasks Cognitive Insights - Interpreting patterns in large amounts of data Cognitive Engagement - Interacting with customers & employees Data Collection - Systems that collect clean, structured data that enables the creation of novel AI and ML models AI Tools - Software that simplifies the development and delivery of AI and ML systems Generative - Software that creates text, images, or video automatically in response to an input Company Characteristics We Expect In order to be considered for investment, all companies must meet the following basic criteria: Deliver one of the 6 core AI modalities Sells to businesses, not consumers Have a full product ready and completed at least one commercial pilot One or more founders has experience in the target market Has a capital efficient business model The product is a need, not a nice to have Is based in the US or Canada, with specific preferences for Texas Industries Sentiero invests in any industry where at least one partner or advisor has experience as founders, operators, or investors. This means we invest across 27+ industries but have the deepest expertise in the following: Business Services & Consulting Marketing & Advertising Software Healthcare IT Real Estate Retailing & Distribution Internet & Web Services Sports, Media, & Entertainment Sales Management & CRM Financial Services / Fintech Travel

From startups to more experienced companies, we offer investment capital joined with the expertise of an integrated health system and health plan. We actively partner with organizations to support their success and positively impact the communities we serve. We also actively partner with other like-minded health care organizations and strategic investors to collectively share expertise and drive scale. By leveraging our venture network, we will drive growth and value for portfolio companies while changing the future of health care. What we invest in:Companies and solutions aligned with our vision and strategic priorities Experienced, in-place management teams Well-developed, unique value propositions and business models Existing customers and revenue stream of $1M or more Solutions that amplify our clinical and operational expertise What we do not invest in:Class III medical devices Pharmaceuticals or biotech Pre-revenue companies* Solutions outside our mission, vision and values Other ways we work with emerging innovation companies to create value:Pool resources De-risk commercialization Collaboration agreements