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NDI

Venture capital

Cleveland · Seed–Series A · 14 people tracked

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Investment thesis

NDI invests exclusively in innovative neurodevice technologies designed to restore lost neurological function, prevent neurological damage, and reduce the painful effects of disease and injury. Operating as a hybrid venture capital and commercialization firm, it provides capital across the full lifecycle: identifying and developing technologies, launching and growing companies, and guiding them toward successful exits.

Source: firm website, verified Oct 1, 2026.

Stage
Seed–Series A
HQ
Cleveland, Ohio, US
Instruments
Equity
Founded
2002
Tracked investments
4

Team · 14 people

from the firm's website & public directories
Hunter Peckham· Portfolio Advisory Board, Ph.D.

Member of NDI's portfolio advisory board.

Michael Hausman· Portfolio Advisory Board, M.D.

Member of NDI's portfolio advisory board.

Raymond Rackley· Portfolio Advisory Board, M.D.

Member of NDI's portfolio advisory board.

Sandip Vasavada· Portfolio Advisory Board, M.D.

Member of NDI's portfolio advisory board.

What they invest in

from 3 of 4 portfolio companies

Healthtech ×3Medical Devices ×2Biotech ×1Digital Health ×1Hardware ×1

HQs:United States×3

Investments · 4 tracked

founders shown can be your intro path

By year:2019 · 12015 · 12 dated

SPR Therapeuticssprpainrelief.comin𝕏Jul 2015

SPR develops the SPRINT PNS System, a peripheral nerve stimulation device for pain relief.

Digital HealthHardwareHealthtechMedical DevicesCleveland, US

Maria Bennett(President, CEO, and Founder)inJosh Boggs(Executive Officer)inMark Stulz(Executive Officer)Marilyn A. Eisele(Executive Officer)Ben Austin(Chief Financial Officer)inDavid Youngberg(Chief Commercial Officer)

Board seatGeoffrey B. Thrope· per SEC Form D

Co-investorsAF WPartnersJumpstart VenturesMutual Capital PartnersRC CapitalRevelation Partners

Checkpoint Surgicalcheckpointsurgical.comin

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 VenturesMutual Capital PartnersRC Capital

Deep Brain Innovationsdeepbraininnovations.comMay 2019

HealthtechCleveland, US

Leonard Cosentino(Executive Officer, Director)

BoardWarren M. Grill(Executive Officer, Director)Geoffrey B. Thrope(Executive Officer, Director)in

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

SPRINT PNS System

Frequently asked questions

What stage does NDI invest at?
NDI invests at the Seed, Series A stages.
What sectors does NDI focus on?
NDI focuses on Biotech, Hardware, Healthtech, Medical Devices.
Where is NDI located?
NDI is headquartered in Cleveland, US.
Who does NDI co-invest with?
NDI most often shares deals with Jumpstart Ventures, Mutual Capital Partners, RC Capital, among 6 tracked co-investors.

Images

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