• About
  • Article PDF
  • White Papers
  • Listening Tours​
  • Contact
  • Support Us
  • Advertising & Sponsorships
Wednesday, February 1, 2023
No Result
View All Result
  • Login
Times Of Entrepreneurship
Growth and Equity for a Changing World
Times Of Entrepreneurship
No Result
View All Result

Venture Spotlight: Boomerang Ventures in Indiana Focuses on MedTech and Health

by Elizabeth MacBride
December 15, 2022
in Uncategorized
Reading Time: 2 mins read
0
Share on FacebookShare on Twitter
Oscar Moralez, founder and managing partner of Boomerang Ventures.

Unexpected fact: Warsaw, Indiana, population 16,000, is the orthopedic capital of the world. One hour west of Fort Wayne, Warsaw is home to more than 100 medical device companies, like Zimmer Biomet and Paragon Medical, working on the mechanics and processes that make hip implants and other sophisticated surgeries possible. . The medical device industry produces $19 billion in revenue, according to the Northeast Indiana Regional Partnership.

A lot of investors might not know about healthcare in the Midwest United States, says Oscar Moralez, founder of a new venture firm, Boomerang Ventures. An entrepreneur himself, Moralez was one of the founders of the Indianapolis-based Biostorage Technologies, which was sold in 2015 for $127 million. He’s also been leading the angel investing group VisionTech Angels, which has more than 130 accredited investors and invests in 5-7 companies each year.

Starting Boomerang, a venture studio, was a natural segue way, Moralez said. It provides the initial team advice and capital for 2-5 startups a year working in healthcare technology.

There’s been strong interest from limited partners that hail from larger VC markets—New York, Boston and Silicon Valley—in the economic growth of the the Midwest, he said.

Name: Boomerang VC Fund I

Location: Indianapolis, IN

Website: www.boomerang.vc

Size: Boomerang is raising a $30-$50 million fund.

What it is: A venture studio and fund focusing on the health technology in the Midwest. “The Midwest health tech ecosystem is significantly underserved yet rich with assets including world-class universities, research and intellectual property, medical schools, corporations, and healthcare organizations,” said Moralez. The studio has 2-5 companies at any given time, and includes fundraising in its support services.

What kinds of companies does it invest in?  Boomerang makes seed and series A investments in high-potential companies in the Midwest. It looks for companies in “connected health” sectors that are experiencing a paradigm shift in digital and care models, and where its team can drive outsized impact.

Leadership: Oscar Moralez, founder and managing partner, Dr. Eric Beier, partner and chief medical officer, Tony Petrucciani, partner and chief finance officer, and Dr. Josh Nickols, venture partner.



This story and others on Times of E are made possible by a sponsorship from the Ewing Marion Kauffman Foundation. The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that provides access to opportunities that help people achieve financial stability, upward mobility, and economic prosperity – regardless of race, gender, or geography. The Kansas City, Mo.-based foundation uses its grantmaking, research, programs, and initiatives to support the start and growth of new businesses, a more prepared workforce, and stronger communities. For more information, visit www.kauffman.org and connect with www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.

Tags: Boomerang VentureshealthcareIndianaMedTechOscar MoralezVC
Elizabeth MacBride

Elizabeth MacBride

Related Posts

Homepage Header

Opportunities for Entrepreneurial Leaders: Miami, Pittsburgh, Virtual

by Elizabeth Macbride
January 27, 2023
0

GET Champions: Tech Leadership in Miami Forward-thinking Miami tech industry leaders are invited to apply for GET Champions Miami. The program will...

Venture Spotlight: Realist Ventures In Connecticut Focuses on Biotech, Healthcare

Venture Spotlight: Realist Ventures In Connecticut Focuses on Biotech, Healthcare

by Ellen Chang
January 26, 2023
0

Marie Rocha is the founder and general partner of Realist Ventures. Photo: Tiffany Hagler-Geard After spending over 20 years working...

Modern Mexican Food Brands Give Old El Paso The Boot

Modern Mexican Food Brands Give Old El Paso The Boot

by Nina Roberts
January 25, 2023
0

Regina Trillo is the founder of Nemi Cactus Sticks, made with Mexican nopal. Photos: Nelipot Project, collage: Nina Roberts. Authentic...

Editor’s Note: We Are All Jacinda Now

Editor’s Note: Burnout World; Dark Web’s Criminal Minds; Small Biz Gets Stuck w George Santos

by Elizabeth MacBride
January 23, 2023
0

Jacinda Ardern, PM of New Zealand. Before the holidays, I wrote two pieces for CNBC about cybersecurity, which is a...

Weekly Newsletter: The Dark Web’s Criminal Minds See Internet of Things As Next Big Hacking Prize

by Time of Entrepreneurship
January 23, 2023
0

Times of Entrepreneurship Stories There are now 17 billion lightly protected IoT devices – but there are new solutions, including...

A Great Financial Backbone For A Social Enterprise

A Great Financial Backbone For A Social Enterprise

by Elizabeth MacBride
January 19, 2023
0

Evergreen Lodge near Yosemite National Park, California. Photo: courtesy of Evergreen Lodge Finding investors for a social enterprise that combines...

Subscribe to Times of E’s Free Weekly Newsletter

Learn about the emerging ecosystem of diverse founders

Popular

  • Modern Mexican Food Brands Give Old El Paso The Boot

    Modern Mexican Food Brands Give Old El Paso The Boot

    0 shares
    Share 0 Tweet 0
  • Venture Spotlight: Realist Ventures In Connecticut Focuses on Biotech, Healthcare

    0 shares
    Share 0 Tweet 0
  • Top 20 U.S. University Entrepreneurship Competitions

    0 shares
    Share 0 Tweet 0
  • Trailblazer: An Audacious Denver Entrepreneur Recruited An Xbox Creator To Develop Her Gaming Vision

    0 shares
    Share 0 Tweet 0
  • Venture Capital Returns Are More Skewed Than People Realize

    0 shares
    Share 0 Tweet 0

Recent

Homepage Header

Opportunities for Entrepreneurial Leaders: Miami, Pittsburgh, Virtual

January 27, 2023
Venture Spotlight: Realist Ventures In Connecticut Focuses on Biotech, Healthcare

Venture Spotlight: Realist Ventures In Connecticut Focuses on Biotech, Healthcare

January 26, 2023
Modern Mexican Food Brands Give Old El Paso The Boot

Modern Mexican Food Brands Give Old El Paso The Boot

January 25, 2023

Recommended

  • Health
  • Climate
  • Deep Tech
  • Finance
  • Education
  • Women Entrepreneurs
  • Mentorship
MyVillage founders

A Pair Of Social Entrepreneurs Start To Win In The Daycare Disruption Space

3 years ago
woman diver underwater

2020 Success Story: How A Massachusetts Diving School Reinvented Itself During The Pandemic

2 years ago
  • About
  • Partner
  • Bespoke Research
  • Listening Tours​
  • Contact
  • Support Us
  • Privacy Policy

(703-966-7357)

© 2020 Mondial Publishing Inc. All Rights Reserved.

 
Facebook Twitter Linkedin
No Result
View All Result
  • Research
  • Finance
  • Women Entrepreneurs
  • New Builders
  • Ecosystem
  • Events
  • Newsletter
  • Editor’s Note

© 2022 Mondial Publishing Inc. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Support Times of E

Times of E covers the emerging ecosystem of diverse founders.

With your support of our journalism, you will receive our weekly newsletter and one of these resources for free: 

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?