Gandel Invest, the Melbourne family office of property developer Tony Gandel, has signed up as the first investment partner to support a venture capital partner network launched by sportstech body the Australian Sports Technologies Network (ASTN).
ASTN wants its network to link sportstech start-ups with their most suitable investors and to help investors develop expertise in specific sportstech areas.
As part of its support, Gandel will become the venture capital program sponsor for ASTN’s ten-week early-stage founder program.
Gandel’s senior investment manager Adam Gandel said: “We look forward to working with some of Australia’s leading sportstech start-ups that have benefited from ASTN’s early-stage training programs. This partnership aligns with Gandel Invest’s desire to foster innovation and growth within the sports technology landscape.”
ASTN executive chair Dr Martin Schlegel said: “By forging strategic connections between sportstech start-ups and VC firms we are insuring the best technologies meet the right investors to drive transformative growth and commercialisation.”
Gandel Invest has investments in a large portfolio of growth stage technology companies including Hong Kong-based blockchain gaming and non-fungible token publisher Animoca Brands. Animoca Brands was listed on the ASX from 2015 to 2020.
The family office also invests in property funding, property developments and funds management businesses.
Image: Adam Gandel, he sees opportunities in sports technology.