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Mutual Capital Partners

Westlake · 4 people tracked

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Investment thesis

Mutual Capital Partners invests in healthcare IT and medical device companies with strong management teams, established customer bases of at least five renewing customers, minimum $1M+ in run-rate revenue, and gross margins of 50% or higher. The firm positions itself as an active partner providing guidance and resources beyond capital, working across Ohio and the Midwest.

Source: firm website, verified Jul 17, 2026.

HQ
Westlake, US
Tracked investments
24

Team · 4 people

from the firm's website
Bill Trainor· Co-founder

Co-founder of Mutual Capital Partners and Access Ventures Fund (2000) who leads the software practice. Previously served as Senior Vice President and Head of E-Commerce Investment Banking at McDonald Investments, focusing on consumer, retail, healthcare, and service companies leveraging technology. Has been an active angel investor since 1997.

Wayne Wallace· Co-founder

Co-founder of Mutual Capital Partners leading the medical device investing practice. Successfully exited multiple medical technology investments including Cleveland Heartlab (sold to DGX), TGX Medical (sold to IART), and OrthoHelix Surgical Designs (sold to TRNX), with OrthoHelix generating over 5x cash-on-cash returns.

Liz Todia Zambory· Principal

Principal responsible for deal flow sourcing, due diligence, portfolio company support, and investor relations across both software and medical device practices. Joined the faculty at Case Western Reserve University's Weatherhead School of Management as an adjunct professor in 2025.

Will Brune· Senior Associate

Senior Associate focused on due diligence, deal flow management, sourcing, and portfolio company support. Previously served as fellow for the Alumni Venture Fund and led the Northeast Ohio Student Venture Fund, with prior internship experience at the Ohio Innovation Fund and Interstate Fusion Ventures.

Investments · 24 tracked

  • 7SIGNAL
  • Authenticx
  • BeVocal
  • Cardinal Commerce
  • Catalyst OrthoScience
  • Checkpoint Surgical
  • Cleveland HeartLab
  • Cooler Heads
  • eBlu Solutions
  • Elevation Spine
  • Enosix
  • Hemosphere
  • Intelliden
  • iotaMotion
  • NetKey Inc.
  • Olio Health
  • OrthAlign
  • OrthoHelix Surgical Designs
  • Redi.Health
  • RevLocal
  • SPR Therapeutics
  • Synchronoss Technologies
  • TGX Medical Systems
  • UpWork

Frequently asked questions

What sectors does Mutual Capital Partners focus on?
Mutual Capital Partners focuses on Digital Health, Medical Devices.
Where is Mutual Capital Partners located?
Mutual Capital Partners is headquartered in Westlake, US.

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