Fundraising Fox
Boomerang Ventures
Venture studioIndianapolis · Seed–Growth · 9 people tracked
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Investment thesis
Boomerang Ventures operates as both a venture studio and a fund dedicated to healthcare innovation. It builds, launches, and funds connected health technology companies, focusing on tech-enabled medical devices, healthcare informatics, and improved care models. The firm partners with a curated network of companies and investors to bring novel healthcare ideas to market faster, using its Boomerang Launch System to refine ideas, manage risks, and create a clear path to commercialization. Its fund invests in early-growth stage companies with early commercial success, while its studio takes innovations from ideation through to market with dedicated support, resources, and expertise.
Source: firm website, verified Sep 27, 2026.
Team · 9 people
from the firm's website & public directories
What they invest in
from 23 of 30 portfolio companiesDigital Health ×16Healthtech ×16Medical Devices ×8AI & Machine Learning ×7Wellness & Fitness ×5Hardware ×4Consumer ×3Mental Health ×3
HQs:United States×17Canada×1India×1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founder×42 founders×34+ founders×1
Investments · 30 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 32024 · 32023 · 311 dated
Pelvital is a medical device company that develops FDA-cleared in-home treatments for stress urinary incontinence and pelvic floor muscle weakness in women, using a proprietary mechanotherapy technology.
Digital HealthFemTechHealthtechMedical DevicesEagan, US
Dale Wahlstrom(Co-founder and founding CEO (retired from CEO role, serving as Executive Chair))Lydia Zeller(CEO)
Co-investorsPier 70 VenturesWisconsin Investment Partners
KinetiTec develops an in-bed exercise system for hospitalized patients to maintain mobility and muscle strength during their hospital stay.
AI & Machine LearningDigital HealthHardwareHealthtechIoTMedical DevicesMichigan, US
Dr. Neil Jairath(Co-Founder & CMO)Brian Sabino(Co-Founder & CTO)
SinuSauna is a wearable mask device that delivers heated dry air therapy to the nasal passages for congestion relief and germ reduction.
ConsumerHardwareHealthtechMedical DevicesWellness & FitnessIndianapolis, US
Nancy Wright(CEO & Co-Founder)Matthew Zielenski(Co-Founder & Resident Physician)Jack Townsend(Co-Founder & Resident Physician)Rob Till(Co-Founder, Mechanical Engineer)Rueben Zielenski(Co-Founder, Electrical & Mechanical Engineer)
SynchNeuro develops a non-invasive, behind-the-ear wearable sensor that analyzes brain signals (EEG) to continuously monitor glucose levels, sleep quality, and other metabolic metrics.
AI & Machine LearningDigital HealthMedical Devices
Casey Halpern(Founder & Chairman)Emily Mirro(Co-Founder & President)inHeonsoo Lee(Chief Scientist)in
Wicked Technologies makes the Wicked Smart Pad, a washable, reusable sensorized bed pad that detects moisture and sends real-time alerts to caregivers, along with a dashboard providing care insights.
Digital HealthIoTMedical DevicesLouisville, US
Alli Truttmann(Founder & CEO)
ADHD Online provides virtual ADHD assessment, diagnosis, and treatment for adults, offering clinically validated diagnostic evaluations reviewed by licensed clinical psychologists and follow-up telehealth appointments with board-certified clinicians for prescriptions and treatment plans.
Digital HealthHealthtechMental HealthGrand Rapids, US
Randall Duthler(Executive Officer, Director)Christopher Barber(Executive Officer)Zachariah Booker(Executive Officer, Director)
BoardDale Grogan(Director)in
Co-investorsMichigan RiseMichigan Capital NetworkWakestream Ventures
Aware Health offers an app-based musculoskeletal (MSK) care program that uses an AI engine to analyze claims and symptoms, identify at-risk members, and match them with licensed physical therapists for personalized recovery plans delivered via telehealth, coaching, and guided exercises.
AI & Machine LearningDigital HealthHealthtechHR TechWellness & FitnessDover, US
Co-investorsAtlanticBright VenturesClaritas CapitalDivide by ZeroSuncoast VenturesTechstars+1 more
Cityfurnish is a furniture and appliances rental service operating in India that offers subscription-based access to home furnishings at affordable costs.
B2B MarketplacesCircular EconomyConsumerE-commerceFintechMarketplacesNew Delhi, IN
Neerav Jain(Founder)inSaurabh Gupta(Founder)inVinit JaininSurabhi Kumar(HR Head)Radhika Kanwar(HR Head)Ravi Phogat(HR Head)
Co-investorsFJ LabsSoma CapitalUtopian VenturesVentureSouqY CombinatorFriale+8 more
Driver is a compiler-based platform that generates and maintains codebase context for AI agents to use during coding tasks.
AI & Machine LearningDeveloper ToolsEnterprise SoftwareAustin, US
Adam Tilton(Founder)inDaniel Hensley(Founder)inJimmy Hugill(CFO \u0026 COO)
Co-investorsCTC VenturesY CombinatorGV (Google Ventures)Techstars
EarSmartAI is a medical software company that offers a system combining a mobile app, a connected otoscope, and AI algorithms to diagnose ear infections in young children.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Flyte provides sales leaders with a unified platform for sales coaching, buyer sentiment analysis, competitive intelligence, and deal insights to monitor frontline team performance and achieve revenue goals.
AI & Machine LearningEnterprise SoftwareMarketing TechSaaSSales TechToronto, CA
Shilpa Sharma(Founder)inChhavi Singh(Founder)in
Co-investorsTechstarsPier 70 Ventures
GEOH provides software for home care agencies to manage Electronic Visit Verification (EVV), billing, scheduling, and caregiver management.
HealthtechSaaSIndianapolis, US
Thomas Bumgardner(President and Chief Executive Officer)
Co-investorsCouncilElevate VenturesFirst Leaf Capital
HabitHalo makes apps and connected devices, including the RipLok vape case and companion app, to help vapers track and manage their habits through awareness and self-directed tracking.
Digital HealthHardwareWellness & FitnessIndianapolis, US
Phil Tran(Founder and CEO)inDeborah Hill(Fractional COO / Investor)inKelly Clark, MD(CMO / Advisor)inLindsey Berlin(Chief Marketing Officer)
IMPOWER HEALTH develops patented gait-analysis software (Gait Index and Gait Tracker) that turns standard and new treadmills into real-time gait labs, capturing movement metrics like speed, stride length, and cadence without wearables or cameras.
Digital HealthHealthtechSports Tech
Doug Miller(Founder & CPO)in
Mentavi Health provides clinician-reviewed online diagnostic evaluations that screen for up to 29 mental health conditions, including ADHD, anxiety, depression, and OCD, with results reviewed by licensed doctorate-level psychologists.
Digital HealthHealthtechMental HealthGrand Rapids, US
Keith Brophy(Chief Executive Officer)inDave Peralta(Chief Financial Officer)inDr. Barry K. Herman(Chief Medical Officer)Angie Lillie(Chief Compliance Officer)inSteve Goulet(VP of Technology and Product)inRandall Duthler(Director)
Co-investorsInvest MichiganMichigan Capital NetworkWakestream Ventures
Mirawell develops a chest-worn biofeedback device paired with VR-based immersive exercises and AI guidance that measure breathing, heart rate variability, and stress signals to help people reduce pain and anxiety in real time.
PrecisionCare AI develops sensing technology and analytics for physical therapy to provide objective measurement of soft tissue treatment.
AI & Machine LearningDigital HealthHealthtechMedical Devices
Primary Record is a health information management platform that aggregates patient data from multiple portals and sources into a centralized location for families to organize, share, and access medical records.
Digital HealthHealthtechIndianapolis, US
Jean Ross(Founder)inJim McIntosh(Founder)inChris Ross(Executive Officer)
BoardEric Beier(Director)inPatrick Henshaw(Director)in
Co-investorsIU VenturesRender Capital
SinuSauna is a consumer respiratory wellness device that delivers heated dry air therapy through a face mask to relieve and help prevent nasal congestion from colds and seasonal allergies.
ConsumerHardwareWellness & Fitness
Co-investorsElevate Ventures
SiteLabs works with independent pharmacies in the U.S. to offer preventive health screenings, close gaps in care, and recruit patients for clinical trials, using pharmacies as neighborhood screening and recruitment hubs.
BiotechDigital HealthHealthtechSeneca, US
Darren Schaupp(Executive Officer, Director)inEric Beier(Director)in
BoardJames Bauler(Director)Stephen Fischbach(Director)Warren Dodge(Director)
Sonara provides a hybrid care model for opioid treatment programs that combines at-home medication management with remote monitoring and clinical oversight.
Digital HealthHealthtechMedical DevicesDallas, US
Michael Giles(Chief Executive Officer)inJUSTIN GELLER(Executive Officer)in
BoardRACHEL KERN(Director)inDANIEL R. KARLIN(Director)
Co-investorsRoyal Street Ventures Management Company, LlcAcumen AmericaFirst Trust Capital PartnersSorenson Impact Foundation
WithYou Therapeutics provides cancer survivors with digital mental health support based on Acceptance and Commitment Therapy (ACT), offering therapy sessions, mood-tracking tools, peer community, and coordination with oncology care teams.
Digital HealthHealthtechMental Health
Xploro is a pediatric digital health company whose platform uses AR, games and an AI avatar to prepare children for hospital treatment.
Co-investorsGC AngelsJumpstart VenturesUCeed Funds
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
Lizzy CareMirawellPelvitalPelvital USAPrecision Care Technologies, Inc.Wicked Technologies
Portfolio news
latest coverage across their companiesEarSmartAI · finsmes.com · May 29, 2026
Driver · ycombinator.com · Apr 6, 2026
IMPOWER HEALTH · finance.yahoo.com · Feb 17, 2026
SynchNeuro · finsmes.com · Nov 25, 2025
Sitelabsglobal · finsmes.com · Nov 7, 2025
Fund performance · per public LP disclosures
as of Jun 2025| Fund | Vintage | Committed | Net IRR | TVPI | DPI |
|---|---|---|---|---|---|
| 3 Boomerang Capital ILPs: Los Angeles City Employees' Retirement System | 2023 | — | 47.2% | 1.20x | 0.00x |
Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).
Frequently asked questions
- How many investments has Boomerang Ventures made?
- Boomerang Ventures has 30 tracked investments, including 6 dated in the last 24 months.
- What stage does Boomerang Ventures invest at?
- Boomerang Ventures invests at the Seed, Series A, Growth stages.
- What is Boomerang Ventures's typical check size?
- Boomerang Ventures typically writes checks of $250K – $1.5M.
- What sectors does Boomerang Ventures focus on?
- Boomerang Ventures focuses on Digital Health, Enterprise Software, Healthtech, Medical Devices.
- Where is Boomerang Ventures located?
- Boomerang Ventures is headquartered in Indianapolis, US.
- Does Boomerang Ventures lead rounds?
- Boomerang Ventures has led 6 of the 10 rounds where its role is on record.
- Who does Boomerang Ventures co-invest with?
- Boomerang Ventures most often shares deals with Elevate Ventures, Bright Ventures, Render Capital, among 18 tracked co-investors.
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