Nashville has another new venue to grow health care startups.
Entrepreneurs Peter Marcum, Dr. Rodney Hamilton and Blaine Anderson have launched OtherLeft Ventures, a health care focused venture studio providing seed capital and product development for health-tech startups, according to a news release. Blattner Technologies is a co-founding investor in OtherLeft.
The launch comes as Nashville’s health-tech scene has exploded in recent years, garnering rounds of funding as high as nine figures. Local hospital operators have also gotten into the mix, launching their own innovation studios. Brentwood-based LifePoint Health launched its in-house innovation studio, 25m Health, in 2021 with $20 million in seed money. In February, Ardent Health Services announced a partnership with fellow Nashville-based firm SwitchPoint Ventures to launch its own innovation studio.
OtherLeft will act as both a co-founder in startups alongside entrepreneurs, as well as an investor, according to the release. The studio will center on B2B software startups and has closed its first investment.
"We are looking for driven problem-solvers who are serving the healthcare industry. We are focused on innovators at the earliest stages, even idea-only, though we will consider companies who are further along,” Anderson said in the release. "We are seeking founders or companies with innovative ideas that can really benefit from adding an experienced cofounder with a solid process and methodology."
Anderson is the founder of custom software design and development firm PointClear Solutions, which is headquartered in Franklin.
Marcum is a serial entrepreneur, founding Nashville Computer Liquidators, a company that bought and resold technology inventory, in the 1990s and building its revenue to $96 million. He is also the founder of Nashville-based tech firm DevDigital.
Hamilton is the CEO and co-founder of Franklin-based SpendCare Inc., according to his LinkedIn page, and was formerly CEO of Greenlight and DigiChart Inc.
"Our aim is to mitigate typical failure points one often encounters as an entrepreneur creating a startup in a complicated industry such as healthcare,” Hamilton said in the release. "We have brought together a proven ecosystem of top talent in the areas of healthcare domain expertise, human-centered design, product management, software development, sales, marketing and legal/financial services.”