Mutual Capital Partners
Venture capitalCleveland · Seed–Late Stage · 4 people tracked
Find your way into Mutual Capital Partners
201 people in our graph share verified history with the Mutual Capital Partners team — schools, employers, funds. One of them is your warm intro.
Investment thesis
Mutual Capital Partners is a venture capital fund focused on healthcare IT and medical device companies, primarily located outside major tech centers throughout Ohio and the greater Midwest. The firm works alongside angel funds, economic development entities, and entrepreneurs to help companies move through the capital continuum. It seeks companies with a strong management team, at least five reference customers that are renewing or expanding, more than $1,000,000 in run-rate revenue, and the ability to reach gross margins of 50% or higher. Beyond capital, MCP offers hands-on partnership, personal guidance, and access to its resources and expert network.
Source: firm website, verified Aug 3, 2026.
Team · 4 people
from the firm's website
What they invest in
from 23 of 35 portfolio companiesHealthtech ×17Medical Devices ×12Digital Health ×6Enterprise Software ×5SaaS ×5AI & Machine Learning ×4Biotech ×4Cloud Computing ×2
HQs:United States×21
Who they back
founder profiles across 10 portfolio companiesFounding team size:solo founder×72 founders×23 founders×1
Investments · 35 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 12024 · 32022 · 22016 · 12014 · 211 dated
Atlanta, US
John Henry PattersonDon Layden(Executive Vice President, Payments & Network)Owen J Sullivan(President and Chief Operating Officer)inPatrice Graves(Executive Vice President, Chief Human Resources Officer)James M Bedore(Executive Vice President, General Counsel and Secretary)Frank Martire(Executive Chairman and Director)
Quest Diagnostics is the world's leading provider of diagnostic information services, serving one in three adult Americans and half of US physicians and hospitals.
Digital HealthHealthtechMedical DevicesSecaucus, US
Paul A. BrownJim Davisin
Co-investorsAlteria Capital
Hayden Brownin
Co-investors408 VenturesDag VenturesFirstMark CapitalGarage CapitalGlobespan Capital PartnersJackson Square Ventures+3 more
7SIGNAL provides a cloud-based AI platform for monitoring and optimizing digital experiences across wired and wireless networks, endpoints, and applications.
AI & Machine LearningCloud ComputingEnterprise SoftwareIndependence, US
Ted Schneider(Chief Executive Officer)inKristen Nieberding(Chief Financial Officer)inArt Faccone(Senior Vice President, Services and Support)inShannon Courtney Boulanger(Vice President, Sales)inVeli-Pekka Ketonen(Executive Officer)Russell Wangler(Executive Officer)
Board seatBill Trainor· per SEC Form D
Co-investorsAllos VenturesInnovestor VenturesJobsOhio VenturesJumpstart VenturesTechnology Venture Partners
Cooler Heads develops scalp cooling technology to prevent hair loss in cancer patients undergoing chemotherapy.
HealthtechMedical DevicesSan Diego, US
Kate Dilligan(Founder & CEO)in
BoardMaria Gonzalez-Blanch(Director)inMICHAEL SCHOTZINGER(Director)inLIZ TODIA(Director)LIZ ZAMBORY(Director)inJASON PESTERFIELD(Director)
Board seatLiz Todia Zambory· per SEC Form D
Co-investorsAd Astra VenturesAloft VCAstiaCALIFORNIA INNOVATIONGolden SeedsRobin Hood Ventures+1 more
Tybrhealth develops the B3 GEL™ System, a protective gel applied during tendon and ligament repair surgery to reduce post-operative scar formation and preserve tissue mobility.
BiotechHealthtechMedical DevicesHouston, US
Tim Keane(Founder)inAlex Smith(Founder)inJeffrey Tyber(Director)Stephen Ramon(Executive Officer)inTimothy J. Keane, Jr.(Executive Officer, Director)
BoardToby Hamilton(Director)
Board seatLiz Todia Zambory· per SEC Form D
Co-investorsAsymmetry VenturesY CombinatorVensana CapitalVentureSouq
Authenticx is a conversation intelligence platform that uses AI trained on healthcare data to uncover system-critical insights from customer interactions, helping healthcare organizations identify barriers to better outcomes and improve operational efficiency.
AI & Machine LearningEnterprise SoftwareHealthtechCarmel, US
Amy Brown(Founder & CEO)inMcKay Dunn(Director)Melanie Bella(Director)
BoardVictor Gutwein(Director)in
Co-investorsAllos VenturesBeringeaElevate VenturesHigh AlphaM25Miami Angels+1 more
BeVocal built hosted, speech-recognition-based self-service voice and data applications for wireless carriers, enabling automated customer care, activation, and support without live agents.
Cardinal Commerce (now presented under Visa Protect) offers AI-powered fraud prevention and risk management tools that provide real-time decisioning for authentication, authorization, and real-time payments.
AI & Machine LearningCybersecurityFintech
Catalyst OrthoScience develops medical devices and surgical techniques for shoulder replacement procedures, including total shoulder replacements and reverse shoulder arthroplasty.
BiotechHealthtechMedical DevicesNaples, US
Steven Goldberg(Founder & MD)inCarl O'Connell(Chief Executive Officer)inAmy Ables(Vice President of Customer Engagement and Sales Excellence)inEphraim(Chief Technology Officer)Robert Richter(Chief Financial Officer)inDebbie Totah(Vice President of Human Resources)
Co-investorsTamiami AngelIrishAngels
Checkpoint Surgical develops intraoperative nerve stimulation devices, biomaterial implants, and surgical instruments for peripheral nerve and tendon surgery.
BiotechHealthtechMedical DevicesCleveland, US
Marilyn A. Eisele(Executive Officer)Kevin M. Scanlan(Executive Officer)Donald Hubbard(Executive Officer)inMark Stultz(Executive Officer)
BoardTracy Marshbanks(Director)inGeoffrey B. Thrope(Executive Officer, Director)in
Co-investorsFirst AnalysisJumpstart VenturesNDIRC Capital
Cleveland HeartLab provides diagnostic blood tests that use a multimarker approach, including inflammatory biomarkers such as hsCRP and MPO, to assess and stratify an individual's cardiovascular disease risk.
BiotechDigital HealthHealthtechCleveland, US
Rebecca Holland(Executive Officer)Pamela Gornall(Executive Officer)Jacob Orville(Executive Officer, Director)
BoardSteve Gullans(Director)William Cadogan(Director)Gus Lawlor(Director)
Co-investorsExcel Venture ManagementAdvantage Capital PartnersHealthCare Ventures, LLC
CareTria Provider Connect is a platform for healthcare practices that handles benefit investigations, electronic prior authorization, and manufacturer copay/savings program enrollment for both medical and pharmacy benefits.
Digital HealthHealthtechSaaSLouisville, US
Robert Saunders(Executive Officer, Director)Mark Murphy(Executive Officer, Director)
BoardThomas Hearn(Executive Officer, Director)inWilliam Trainor(Executive Officer, Director)Roger Kobel(Director)
Co-investorsFCA Venture PartnersOCA Ventures
Elevation Spine develops the Saber spinal implant technology, including Saber-C, a zero-profile cervical fusion system combining an anterior cervical plate, interbody, and fixation for less invasive spinal fusion.
HardwareHealthtechMedical DevicesMonterey, US
Co-investorsTechnology Venture Partners
enosix provides real-time SAP integration solutions that unify complex enterprise systems for manufacturers, consumer products companies, and other large organizations.
Data & InfrastructureEnterprise SoftwareSaaSCincinnati, US
Gerald Schlechter(Founder and Chief Strategy Officer)inGerald Schlecter(Executive Officer, Director)Philippe Jardin(Executive Officer, Director)in
BoardWilliam Trainor(Director)Dov Rosenberg(Director)
Co-investorsAllos VenturesCapital Midwest FundJobsOhio VenturesMK CapitalSaaS Capital
HeRO Graft is a fully subcutaneous arteriovenous access device for hemodialysis patients with central venous stenosis, designed to reduce infection rates and improve long-term vascular access reliability.
Medical Devices
Co-investorsEmergent Medical Partners, LLPKaiser Permanente Ventures
Intelliden developed network automation software that let carriers and enterprises discover, configure, and manage routers, switches, and other multi-vendor network devices.
iotaMotion develops robotic systems for cochlear implant surgery, assisting otolaryngologists in achieving precision beyond human capability.
HealthtechMedical DevicesRoboticsSt. Paul, US
Marlan Hansen, MD(Executive Officer, Director)Marlan Hansen(Executive Officer, Director)Christopher Kaufmann(Executive Officer, Director)Michael Lobinsky(Executive Officer, Director)
BoardWayne Wallace(Director)Michael Crook(Director)
Co-investorsISA VenturesNext Level Ventures
Merit Medical Systems designs, develops, manufactures and markets medical devices for interventional and diagnostic procedures.
HealthtechMedical Devices
Co-investorsAscension Ventures
NetKey Inc. was a Connecticut-based software company that developed kiosk and digital signage platforms for self-service applications like gift registries, guided selling, and HR terminals.
Nuance creates software products, including healthcare solutions for clinical documentation, speech recognition, and virtual assistants.
AI & Machine LearningHealthtechSaaS
Co-investorsAsset Management CompanyRembrandt Venture PartnersUS Venture PartnersAccelGoldman SachsLightspeed Venture Partners+1 more
Olio provides care coordination technology for post-acute and behavioral health organizations, automatically connecting care teams across SNFs, behavioral health providers, payers, health systems, home health, and hospice to improve outcomes and reduce costs.
Digital HealthEnterprise SoftwareHealthtechIndianapolis, US
Ben Forrest(Executive Officer, Director)inSean Mullins(Chief Operating Officer)
BoardJill Sharp(Director)Eric Huebner(Director)Thomas Greer(Director)Philip Lewis(Director)
Co-investorsFulcrum Equity Partners
OrthAlign develops medical device technology for precise alignment during hip and knee replacement surgery, serving orthopedic surgeons in the surgical technology space.
HealthtechMedical DevicesAliso Viejo, US
Jamy Gannoe(Co-founder)inEric Timko(President and CEO)inDavid S. Smith(Executive Officer)William E. Maya(Executive Officer, Director)Christopher Martin(Director)D. Ronald Yagoda(Director)
Co-investorsCalifornia Technology VenturesRC Capital
Ohio maker of plates, screws and instruments for hand, wrist, foot and ankle extremity fixation surgery, acquired by Tornier in 2012.
Co-investorsRC Capital
Mill Valley, US
Sean Carlson(Executive Officer, Director)
Co-investorsBridge BankRC Capital
Redi Health builds patient access and affordability programs that connect pharmaceutical manufacturers to patients through targeted approaches designed to increase medication adoption and sustained use.
Digital HealthHealthtechSaaS
Luke Buchanan(Founder)inJaimin Gandhi(Founder)in
Co-investorsBlue Heron CapitalM25Refinery VentureRev1 Ventures
Granville, US
KEVIN LOWRY(Executive Officer)AARON M. BOGGS(Executive Officer)MICHAEL J. HAWK(Executive Officer, Director)MARC C. HAWK(Executive Officer, Director)
BoardWILLIAM S. TRAINOR(Director)RAPHAEL NICOLOSI(Director)
SPR is a medical device company that develops the SPRINT Peripheral Nerve Stimulation (PNS) System, a non-opioid, non-surgical, minimally invasive treatment for acute and chronic pain.
HardwareHealthtechMedical DevicesCleveland, US
Maria Bennett(President, CEO & Founder)inJosh Boggs(Executive Officer)inMark Stulz(Executive Officer)Marilyn A. Eisele(Executive Officer)Ben Austin(Chief Financial Officer)inDavid Youngberg(Chief Commercial Officer)
Co-investorsJumpstart VenturesNDIRC CapitalRevelation PartnersRiver Cities Capital
SPR develops the SPRINT PNS System, a peripheral nerve stimulation device for pain relief.
Digital HealthHealthtechMedical Devices
Maria Bennett(President, CEO, and Founder)in
Synchronoss provides white label cloud software and digital experience platforms that help telecommunications and media companies connect subscribers with services, content, and each other.
Cloud ComputingEnterprise SoftwareSaaS
Co-investorsAscent Venture PartnersBalderton Capital
TGX Medical Systems, formerly TerraGraphiX, developed web-based software called "Alex" for hospitals to track and manage surgical instruments and medical equipment.
Visa operates a global payments network enabling digital and card-based transactions for consumers and businesses across multiple sectors and geographies.
Fintech
Ryan McInerneyin
Co-investorsCommerzVenturesRed Bear VenturesSPRINGROCK VENTURESAlteria CapitalSlow Ventures
Exits · 8
IPOs and acquisitions across the tracked portfolioNCRNYSE: VYXQuest DiagnosticsNYSE: DGXUpwork (formerly oDesk)NASDAQ: UPWKBeVocalacq. by Nuance CommunicationsCardinal Commerceacq. by VisaIntellidenacq. by IBMNetKey Inc.acq. by NCRTGX Medical Systemsacq. by Integra LifeSciences Holding
Portfolio news
latest coverage across their companiesCooler Heads · intelligence360.news · Aug 25, 2026
NCR · economictimes.indiatimes.com · Aug 14, 2026
OrthoScience · businessobserverfl.com · Jul 31, 2026
TYBR Health · houston.innovationmap.com · Jul 28, 2026
Visa® Spend Clarity for Enterprise · quantumcomputingreport.com · Jul 18, 2026
Quest Diagnostics · quantumcomputingreport.com · Jul 18, 2026
Merit Medical · simplywall.st · Jul 18, 2026
Elevation Spine · startupintros.com · Jul 13, 2026
Frequently asked questions
- How many investments has Mutual Capital Partners made?
- Mutual Capital Partners has 33 tracked investments, 2 of which have exited via acquisition or IPO, including 2 dated in the last 24 months.
- What stage does Mutual Capital Partners invest at?
- Mutual Capital Partners invests at the Seed, Series A, Series B, Series C, Late Stage stages.
- What is Mutual Capital Partners's typical check size?
- Mutual Capital Partners typically writes checks of $1M.
- What sectors does Mutual Capital Partners focus on?
- Mutual Capital Partners focuses on Digital Health, Healthtech, Medical Devices.
- Where is Mutual Capital Partners located?
- Mutual Capital Partners is headquartered in Cleveland, US.
- Who does Mutual Capital Partners co-invest with?
- Mutual Capital Partners most often shares deals with RC Capital, Allos Ventures, Jumpstart Ventures, among 47 tracked co-investors.
From the blog
visit blog ↗Mutual Capital Partners has recently invested in and tracked growth at healthcare technology companies, including leading a $11M Series A for scalp cooling innovation and following robotic-assisted cochlear implant technology advancement milestones. AI summary
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