Stoic investee Forcite to be acquired by global tech giant GoPro
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In incredibly exciting news for our investees Forcite, and the family of Stoic investors, this world leading smart motorcycle helmet venture is set to be acquired by GoPro.
GoPro says it intends to accelerate Forcite's vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets, with the long-term goal of tech-enabling other categories of helmets over time.
Stoic's General Partner, Guy Hedley, said ‘Forcite is a poster child for what Stoic Venture Capital is about - supporting Australian university originated deep-tech and life sciences research to achieve life changing and life-saving innovation. From my first meeting with the team at the incubator Haymarket HQ 8 years ago, Alfred Boyadgis and his crew have evolved from pulling apart helmets at four desks to establishing a very cool global tech-hardware brand.
‘Forcite is the fourth successful exit from Stoic’s Fund 1, proving again that venture capital investment both powers innovation and makes a return for investors.
‘We have 15 remaining investees in Fund 1, and many of those will be follow-on funded and taken to exit in Stoic’s Fund 2.
‘The Stoic and Uniseed team are incredibly proud of the work we have done to support Alfred and the Forcite family. And we look forward to watching them have global success, while supporting the next wave of Aussie innovators who will also change the world for the better.’
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