Boomerang Ventures

Name

Boomerang Ventures

Legal name

Boomerang Ventures

Website

https://boomerang.vc

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Healthcare Venture Capital

NAICS

Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Early-Stage Venture Capital (Series A/B) (FSANAAAB)

akta.pro secondary industry

Early-Stage Venture Capital (Pre-Seed/Seed) (FSANAAAA)

Keywords

• Venture capital services
• Healthcare venture studio
• Connected health investments
• Medtech startup funding
• Health innovation incubation

Headquarters

HQ city

Indianapolis

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, Technology or R&D, Infrastructure

Revenue model

1. Venture Fund Investment Returns: Boomerang Ventures generates returns through equity investments in portfolio companies at Pre-Seed, Seed, and Series A stages. Returns are realized through exits, acquisitions, or follow-on funding rounds. The firm invests in early-growth connected health technology companies in the Midwest.
2. Studio Services and Equity Stakes: Boomerang Studio provides structured de-risking, business expertise, and hands-on execution support to founders and takes equity stakes in formed NewCo companies. The studio helps entrepreneurs, healthcare corporations, universities, and health systems bring healthcare innovations to market, generating equity value upon company formation and exit.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Boomerang Ventures is a combination venture studio and venture fund that partners with founders, healthcare corporations, universities, and health systems to build, launch, and fund connected health technology companies. Boomerang Studio provides the proprietary Boomerang Launch System - a structured de-risking process that refines ideas, manages risks, and creates a path to commercialization - in exchange for equity stakes. Boomerang Fund invests Pre-Seed through Series A capital in connected health technology companies across the U.S. Midwest.

Product overview

Boomerang Ventures operates as a combination venture studio and fund focused on connected health technology companies. The company offers two core service lines: Boomerang Studio (which provides a proprietary Boomerang Launch System methodology to help founders take innovations from ideation to market through de-risking, resource provision, and commercialization support) and Boomerang Fund (which provides venture capital investment for early-growth stage connected health companies). The portfolio includes 18+ portfolio companies spanning digital health, medical devices, AI-powered diagnostics, and therapeutic platforms including KinetiTec SPARK (in-bed mobility intelligence), EarSmartAI (AI-powered pediatric ear infection diagnostics), IMPOWER HEALTH (gait-tracking technology), SynchNeuro (brain-based glucose monitoring), Aware Health (MSK care), SiteLabs (pharmacy-based preventive care), GEOH (home health software), Lizzy Care (dementia care AI), Flyte (urinary incontinence treatment), Mirawell (VR pain management), Sonara Health (methadone treatment), and Wicked Smart Pad (incontinence management).

Differentiator

Problem solved

Functional benefit

Brands

• Boomerang Studio: Venture studio arm that helps early-stage connected health tech companies de-risk their ideas, launch successfully, and understand commercial viability and exit path.
• Boomerang Fund

Products and services

• Boomerang Studio The venture studio arm that helps early-stage connected health technology companies de-risk their ideas, launch successfully, and understand commercial viability and exit path. Engages entrepreneurs, first-time founders, healthcare corporations, universities, and health systems through structured studio engagements in exchange for equity stakes in formed NewCos.
• Boomerang Fund The early-growth venture fund that invests in connected health technology companies in the Midwest from Pre-Seed through Series A. Applies a three-pronged investment strategy backed by an experienced healthcare leadership team and accepts individual, family, and institutional LPs.
• Boomerang Launch System Proprietary structured de-risking process that refines ideas, identifies and manages risks, and creates a clear path to commercialization. Provides founders with systems, processes, and connections to bring healthcare innovations to market in a measured and measurable way, deployed as part of Boomerang Studio engagements.

Quantifiable outcome

• Multiple portfolio companies have raised significant follow-on capital from major investors, including GEOH's $30M+ growth round from Council Capital.
• +1 more outcomes

Named customers4 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability9 records

Feature1 record

Partnerships

14 partnerships are on record, tiered core and minor.

• Gregory & Appel InsurancecoreStrategic or Co-development Partner · 1 January 2026Gregory & Appel Insurance is listed as a strategic partner providing professional services to Boomerang Ventures and its portfolio companies. The partnership provides access to insurance and risk management expertise for portfolio companies.
• IceMillercoreStrategic or Co-development Partner · 1 January 2026IceMiller is a strategic partner providing professional services, including legal expertise, to Boomerang Ventures and its portfolio companies.
• CareSourcecoreStrategic or Co-development Partner · 1 January 2026CareSource is a strategic partner providing healthcare payer perspective and access to Boomerang Ventures' portfolio companies. CareSource is a Medicaid managed care plan.
• Wait & Co.coreGTM or Marketing Partner · 1 January 2026Wait & Co. designed the Boomerang Ventures website and is listed as a strategic partner providing marketing and design services. The firm also designed the Boomerang Ventures brand identity.
• 16 Tech Innovation DistrictcoreStrategic or Co-development Partner · 1 January 202616 Tech Innovation District is the location of Boomerang Ventures' headquarters and a strategic partner in the Indianapolis innovation ecosystem. The district connects healthcare and technology companies with resources and networks.
• Mix (Talent)coreStrategic or Co-development Partner · 1 January 2026Mix provides talent and staffing support to Boomerang Ventures and its portfolio companies.
• Indiana Health Industry Forum (IHIF)coreStrategic or Co-development Partner · 1 January 2026IHIF is a strategic partner connecting Boomerang Ventures with the broader Indiana and Midwest healthcare and life science ecosystem.
• KSM CPAs & AdvisorscoreImplementation/ SI/ Consulting Partner · 1 January 2026KSM CPAs & Advisors provides accounting and advisory services to Boomerang Ventures and its portfolio companies.
• Pearl PathwaysminorStrategic or Co-development Partner · 1 January 2026Pearl Pathways provides regulatory and clinical expertise supporting healthcare and medtech startups in the Boomerang ecosystem.
• Venture Club of IndianaminorStrategic or Co-development Partner · 1 January 2026The Venture Club of Indiana is a regional investor network and strategic partner providing deal flow and networking for Boomerang Ventures.
• Indiana University HealthcoreStrategic or Co-development Partner · 1 January 2026Indiana University Health is Indiana's largest health system and a strategic partner providing clinical expertise, pilot opportunities, and healthcare system perspective to Boomerang portfolio companies.
• UNeMed (University of Nebraska)minorStrategic or Co-development Partner · 1 January 2026UNeMed is the technology transfer office for the University of Nebraska Medical Center and partnered with Boomerang Ventures to bring Impower Health (a UNO spinout) into the Boomerang Studio ecosystem.
• Plug and Play (Lifetech)coreStrategic or Co-development Partner · 1 January 2026Plug and Play's Lifetech accelerator program in Indianapolis selected SynchNeuro (a Boomerang portfolio company) for its inaugural cohort, providing ecosystem access and mentorship.
• MedTech InnovatorcoreStrategic or Co-development Partner · 1 January 2026MedTech Innovator is a strategic partner that provides accelerator programming, mentorship, ecosystem access, and recognition for Boomerang portfolio companies including Wicked Technologies (selected for 2026 MTI Index).

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• High Alpha: Indianapolis-based venture studio that builds and invests in B2B SaaS companies — same city, same combination studio-plus-fund model, comparable team size and stage focus. Directly comparable on geography and operating model, though High Alpha targets SaaS rather than healthcare.
• Redesign Health: New York-based healthcare-specific venture studio that builds, launches, and invests in healthcare startups from ideation through commercialization — virtually identical studio-plus-fund model, same 'Launch System'-style de-risking approach, focused exclusively on healthcare.
• MATTER: Chicago-based healthcare innovation hub and startup accelerator that supports entrepreneurs building medical devices, digital health, and therapeutics — comparable Midwest healthcare focus with similar founder-support and corporate-partnership structure.
• Rock Health: San Francisco-based digital health venture fund and advisory — directly comparable as a digital-health-focused early-stage investor serving founders and healthcare enterprises, though Rock Health operates as a pure fund rather than a studio.
• StartUp Health: New York-based health innovation company and venture platform that operates a moonshot-focused fund alongside founder-support programs — comparable combination of long-horizon fund and ongoing operating support for healthcare entrepreneurs.

Broad incumbents

• Plug and Play: Large global accelerator and venture fund that operates vertical-specific programs including Lifetech — directly comparable accelerator programming that selected Boomerang portfolio SynchNeuro, though Plug and Play is a broader multi-vertical incumbent rather than a healthcare specialist.
• Cedars-Sinai Accelerator: Los Angeles-based health-system-affiliated accelerator investing in and supporting early-stage healthcare technology companies — comparable healthcare-startup accelerator with clinical pilot access, though operating as a single-system corporate accelerator rather than an independent regional fund.

Regional players

• gener8tor: Milwaukee-based venture capital firm and accelerator operating across the Midwest — comparable regional early-stage investor footprint, with co-investment relationships through networks like VisionTech, though gener8tor spans multiple verticals rather than specializing in healthcare.
• OSF Ventures: Peoria, Illinois-based corporate venture arm of OSF HealthCare investing in early- to growth-stage healthcare companies — comparable Midwest-based healthcare investor with clinical-system partnership access, though structured as a system-affiliated CVC rather than an independent studio-plus-fund.
• BioEnterprise (JumpStart Health): Cleveland-based healthcare and biomedical venture development organization supporting Midwest healthcare entrepreneurs — comparable Midwest healthcare-startup support ecosystem with similar founder and corporate-partner services, though not structured as a studio-fund hybrid.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Funding overview

Funding rounds

Investors

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

M&A

Investments19 records

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

Frequently asked questions about Boomerang Ventures