“The PTO is excited to welcome Eckuity as a shareholder alongside Sir Michael Moritz. We look forward to continuing to grow the sport of triathlon alongside them with their full support and expertise.” The Professional Triathletes Organization (PTO) just announced their newest shareholder: Eckuity, a global investment firm that invests in the early states of life sciences and innovative health technology companies.
With this new investment, Eckuity hopes to reach a new audience and inspire them to embrace the use of health technology products. By helping to take triathlon to the next level, and by trying to reach a bigger audience through broadcasts, the company hopes to promote the importance of exercise to fight diseases.
“Triathlon itself is a recognized global brand for unwavering dedication, ultimate endeavor, unstoppable passion and tremendous achievement”, Charles Adamo, PTO Chairman said. “Our PTO Professionals provide an inspiration to all those who face challenges in their lives and want to overcome obstacles and achieve their potential. We believe Eckuity’s healthcare expertise will assist in our goal of creating a more health and wellness conscious community by providing access to innovative healthcare technologies.”
Youssef Sebban, Managing Partner at Eckuity, commented: “We are excited about not only the enormous potential of the business, but also our ability to leverage this platform for the distribution of outcome-changing health-tech products and services. We are fully aligned behind PTO’s mission and believe the management team will consistently deliver world-class events bringing this sport the coverage it so rightly deserves, thus providing a high profile platform for influencing our culture to better mental and physical health.”