What Tamarind Hill does

Tamarind Hill is a privately-held venture capital firm specializing in early-stage B2B healthcare investments, founded around 2016–2017 and headquartered in Dublin, Ohio. The firm invests across three vertical theses — Decentralizing Care, Economics of Care, and Supply Chain — leading Seed rounds of $2–7M in companies showing early product-market fit and reserving capital for follow-on participation in later rounds. Tamarind Hill operates two funds (Fund I launched 2017, Fund II launched 2022) and has built a portfolio of 20+ companies spanning telemedicine (Updox), AI/computer-vision supply tracking (AssistIQ), capital cycle management (Handle, TrackAbout), clinical trial matching (Deep Lens), and home medical equipment ERP (Nymblsystems), with multiple exits across Fund I including Updox (acquired by EverCommerce, 2020), Deep Lens (acquired by Paradigm, 2022), and Healthy Roster (acquired by Level Equity, 2024).

The firm does not develop proprietary technology; its "products" are Fund I and Fund II themselves. Revenue mechanics are typical of an emerging VC manager: management fees on committed capital plus realized carried interest on portfolio exits. Tamarind Hill's GTM motion centers on thought leadership (website/blog), founder referrals, industry events, and structured inbound channels (Founder/Investor/Advisor intake forms), with deal flow sourced primarily through its advisory network and the operating credibility of its executive partners. The firm's central differentiator is operator-first support — including board representation and milestone-map-driven commercialization guidance across Product, Market, Channel, and Model summits — delivered by Managing Partners Mark Shary and Ben Trumbull alongside executive partners drawn from former C-suite roles at OhioHealth, Nationwide Children's Hospital, Roper St. Francis ($1.5B health system), CareFirst BlueCross BlueShield ($13B payer), and Nationwide Insurance ($100B+ AUM).

Name

Tamarind Hill

Legal name

Tamarind Hill

Website

https://tamarind-hill.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Tamarind Hill is an early-stage venture capital firm based in Dublin, Ohio that invests $2–7M Seed rounds in B2B healthcare companies across Decentralizing Care, Economics of Care, and Supply Chain verticals, supported by an operator-led team of former health system and payer executives.

Ownership category

akta.pro rank

Product category

Healthcare Venture Capital

NAICS

Portfolio Management and Investment Advice (52394), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Business Services (B2B) Growth Equity (FSANACAD)

Keywords

• Early-stage venture capital
• Healthcare seed investing
• B2B healthcare startups
• Seed stage funding
• Venture capital funds

Headquarters

HQ city

Dublin

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Venture Capital Returns / Carried Interest: Tamarind Hill generates returns through carried interest on successful portfolio company exits (acquisitions and IPOs). The firm operates Fund I and Fund II, deploying capital in early-stage B2B healthcare companies at the Seed stage ($2–7M entry) with reserved capital for follow-on investments in later rounds.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Tamarind Hill provides entrepreneurial stage capital to fast-growing, recurring revenue-model, software-enabled B2B healthcare companies. The firm deploys $2–7M Seed investments through Fund I and Fund II, with reserved follow-on capital, alongside hands-on strategic support including board representation and commercialization guidance. Its investment thesis is concentrated in three verticals: Decentralizing Care, Economics of Care, and Supply Chain.

Product overview

Tamarind Hill is a venture capital firm specializing in early-stage B2B healthcare investments. The firm operates two investment funds (Fund I and Fund II) and focuses on three key healthcare segments: Decentralizing Care, Economics of Care, and Supply Chain. Rather than offering a unified software product, Tamarind Hill provides expert capital and operational support to healthcare innovators, helping founders transition from product-market fit to scalable commercialization. The firm leverages deep industry roots, a proven track record, and strategic guidance to spot opportunities and support portfolio companies.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund I Tamarind Hill's first venture capital fund that deploys Seed capital ($2–7M) into early-stage B2B healthcare companies with early indications of product-market fit. Fund I has achieved multiple successful exits including Updox (acquired by EverCommerce in 2020), TrackAbout (acquired by Datacor in 2020), Deep Lens (acquired by Paradigm in 2022), and Healthy Roster (acquired by Level Equity in 2024). Available to founders seeking expert healthcare capital.
• Fund II Tamarind Hill's second venture capital fund that continues the firm's Seed-stage B2B healthcare investment strategy ($2–7M entry, with reserved follow-on capital). Fund II invests across AI-driven healthcare solutions, home health platforms, and medical equipment technologies, with initial investments including Enzee, Nymblsystems, and Prescribe Fit. Available to founders seeking expert healthcare capital.

Quantifiable outcome

• Multiple successful exits across Fund I and Fund II
• +2 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Northwell HealthminorOthersNorthwell Health is a portfolio company customer of AssistIQ, using AIQ Capture supply tracking to achieve charge capture rates of 98% or higher.
• Owensboro Health Regional HospitalminorOthersOwensboro Health Regional Hospital is a portfolio company customer of AssistIQ, achieving supply savings of up to 25% using the platform.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• 7wireVentures: Independent early-stage venture firm exclusively focused on digital health and healthcare B2B. Like Tamarind Hill, it backs founders building in care delivery, consumer health, and care economics, making it one of the closest comps in stage, sector focus, and B2B orientation.
• .406 Ventures: Early-stage healthcare IT and technology-focused VC firm based in Boston. Invests at Seed and Series A in B2B healthcare companies, overlapping directly with Tamarind Hill's thesis in supply chain, care economics, and digital infrastructure.
• Health Catalyst Capital: Early-stage venture firm focused exclusively on healthcare technology and services. Its B2B healthcare focus and seed-stage entry make it a direct comparable to Tamarind Hill's investment approach.
• Echo Health Ventures: Healthcare-focused venture fund formed as a partnership between Cambia Health Solutions and Mosaic Health Solutions. Invests in early- and growth-stage B2B healthcare companies, directly comparable to Tamarind Hill's B2B healthcare thesis.
• Maverick Ventures: Early-stage venture firm with a healthcare practice focused on B2B healthcare technology and services. Similar stage and sector orientation to Tamarind Hill, with a comparable operator-led approach to investing.

Broad incumbents

• General Catalyst: Large multi-stage venture firm with a dedicated Health Assurance initiative backing early-stage healthcare B2B companies. While broader in stage and sector, it directly competes for the same seed and Series A healthcare deals that Tamarind Hill targets.
• Optum Ventures: Strategic venture arm of UnitedHealth Group/Optum focused on healthcare technology. Backs early- to growth-stage B2B healthcare companies with strategic synergies, and increasingly competes for the same seed opportunities as Tamarind Hill.
• Bessemer Venture Partners: Large multi-stage venture firm with a long-standing dedicated healthcare practice investing across B2B healthcare verticals including supply chain, care delivery, and healthcare IT. Overlaps with Tamarind Hill's thesis but at broader stages and check sizes.
• Norwest Venture Partners: Multi-stage venture firm with a dedicated healthcare practice backing B2B healthcare companies from seed through growth. Similar sector focus to Tamarind Hill but with significantly larger fund sizes and broader geographic reach.
• Andreessen Horowitz (a16z Bio/Health): Large multi-stage venture firm with a dedicated Bio/Health fund investing across healthcare B2B, digital health, and biotech. A frequent competitor for high-quality healthcare seed deals that Tamarind Hill also targets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tamarind-hill-fund
• Xx.com/tamarind_hill

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments29 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Tamarind Hill