MemorialCare Innovation Fund
MemorialCare Innovation Fund is a corporate venture capital vehicle wholly owned by MemorialCare Health System that invests in early- to mid-stage healthcare IT, services, and medical device companies, offering portfolio companies both capital and direct health-system validation access.
- Company typePrivate
- Founded1993
- HeadquartersLong Beach, United States
- Headcount5,001–10,000
- GTM typeB2B
- OfferingServices
What MemorialCare Innovation Fund does
MemorialCare Innovation Fund (MCIF) is a strategic corporate venture capital vehicle wholly owned by MemorialCare Health System, headquartered in Long Beach, California. MCIF invests in privately held, early- to mid-stage companies developing healthcare information technology, healthcare services, and medical device innovations intended to improve the performance of leading-edge health systems and physician organizations. The fund partners with management teams that have proven track records and selectively deploys capital into companies whose offerings can be validated through MemorialCare Health System and adjacent health-system relationships.
The portfolio spans digital health platforms (Xealth, Babyscripts, Laudio, Protenus, Twistle, Memora Health, Force Therapeutics, SilverCloud Health, TytoCare, Olive), clinical-trial and care-navigation AI (AristaMD, Deep 6 AI), operational AI for hospitals (LeanTaaS, Carta Healthcare, SpendRule), and medical devices (Ivantis, Gauss Surgical, Foldax). MCIF generated material exits via Stryker's acquisition of Gauss Surgical, Alcon's acquisition of Ivantis, Samsung Electronics' acquisition of Xealth in October 2025, and Ascend Learning's acquisition of Laudio in October 2025. Carta Healthcare, an MCIF-backed AI clinical-data abstraction platform, reported 100% customer retention and 2X revenue growth in 2025.
MCIF does not sell products or services and does not disclose management fees, AUM, or standalone revenue; it is internally capitalized through its parent health system. Its go-to-market is sales-led and relationship-driven: deals originate through healthcare-industry networks, investor referrals, and conferences, and the fund positions itself by combining capital with domain expertise plus direct access to MemorialCare Health System as a reference customer and deployment partner for portfolio companies. The fund's stated edge is therefore distribution and validation leverage rather than technology ownership.
MemorialCare Innovation Fund firmographics
Firmographics- Name
- MemorialCare Innovation Fund
- Legal name
- MemorialCare Innovation Fund
- Website
- https://memorialcareinnovationfund.com
- Company type
- Private
- Founded year
- 1993
- Operating status
- Operating
- Headcount range
- 5,001–10,000 employees
- Short description
- MemorialCare Innovation Fund is a corporate venture capital vehicle wholly owned by MemorialCare Health System that invests in early- to mid-stage healthcare IT, services, and medical device companies, offering portfolio companies both capital and direct health-system validation access.
- Ownership category
- akta.pro rank
MemorialCare Innovation Fund industry classification
Industry- Product category
- Healthcare Venture Capital
- NAICS
- Funds, Trusts, and Other Financial Vehicles (525)
- akta.pro primary industry
- Healthcare Access & Life Sciences Impact Funds (FSANAJAI)
Keywords
Where MemorialCare Innovation Fund is headquartered
LocationHeadquarters
- HQ city
- Long Beach
- HQ country
- United States
- HQ region
- North America
Markets served
MemorialCare Innovation Fund business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations
Revenue model
- Strategic Investment Returns: MCIF generates returns through equity investments in healthcare startups, with portfolio companies developing AI-powered platforms, clinical data solutions, medical devices, and digital health tools for health systems and hospitals.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels2 records
MemorialCare Innovation Fund product offering
Product offeringCore offering
MemorialCare Innovation Fund (MCIF) is a strategic healthcare investment fund that provides equity capital to privately held, early- to mid-stage companies developing healthcare information technology, healthcare services, and medical device innovations. The fund partners with management teams that have proven track records, offering portfolio companies capital, strategic guidance, and direct access to MemorialCare Health System as an early-adopter health system and reference customer.
Product overview
MemorialCare Innovation Fund (MCIF) is a strategic healthcare investment fund wholly owned by MemorialCare Health System. It is not a product company; rather, it makes investments in privately held, early- to mid-stage companies focused on healthcare information technology, healthcare services, and medical device innovation. The fund partners with emerging businesses led by proven management teams to accelerate entrepreneurial solutions for healthcare systems across the nation.
Differentiator
Problem solved
Functional benefit
Products and services
- Strategic Healthcare Investment Fund
Quantifiable outcome
- Portfolio company Xealth acquired by Samsung Electronics in October 2025
- +5 more outcomes
Companies that use MemorialCare Innovation Fund
Customer profileSegments1 record
Ideal customer profiles1 record
MemorialCare Innovation Fund technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
MemorialCare Innovation Fund partnerships and signals
Strategic signalScale indicators9 records
Recent moves6 records
Expansion highlights5 records
MemorialCare Innovation Fund competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
MemorialCare Innovation Fund social profiles
Digital presenceMemorialCare Innovation Fund financial estimates
Financial estimateRevenue estimate
Valuation estimate
MemorialCare Innovation Fund leadership team
Management profileNumber of profiles
Profiles2 records
MemorialCare Innovation Fund funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
MemorialCare Innovation Fund M&A and investment
M&A and investmentM&A
Investments34 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about MemorialCare Innovation Fund
What does MemorialCare Innovation Fund do?
MemorialCare Innovation Fund (MCIF) is a strategic healthcare investment fund that provides equity capital to privately held, early- to mid-stage companies developing healthcare information technology, healthcare services, and medical device innovations. The fund partners with management teams that have proven track records, offering portfolio companies capital, strategic guidance, and direct access to MemorialCare Health System as an early-adopter health system and reference customer.
Is MemorialCare Innovation Fund a public or private company?
MemorialCare Innovation Fund is a private company. It is classified as corporate owned and is currently operating.
When was MemorialCare Innovation Fund founded?
MemorialCare Innovation Fund was founded in 1993. It employs 5,001 to 10,000 people.
Where is MemorialCare Innovation Fund based?
MemorialCare Innovation Fund is headquartered in Long Beach, United States, in the North America region.
How does MemorialCare Innovation Fund make money?
One revenue line is on record: strategic Investment Returns.
Does MemorialCare Innovation Fund have an API?
No public API is recorded for MemorialCare Innovation Fund.
What industry is MemorialCare Innovation Fund in?
MemorialCare Innovation Fund's product category is Healthcare Venture Capital. Its primary akta.pro industry code is FSANAJAI, Healthcare Access & Life Sciences Impact Funds. Its NAICS code is 525.