# NDI Medical

NDI Medical is a Private Equity based in Cleveland, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Cleveland, United States
- **Region:** North America
- **Address:** 22901 Millcreek Blvd., Suite 110, Cleveland, Ohio 44122, United States
- **Founded:** 2002
- **Assets under management:** $26M
- **Website:** www.ndimedical.com
- **LinkedIn:** https://www.linkedin.com/company/83440

## Regulatory record

- **Reports private funds:** No

## About

NDI (Neuro Device Innovations) is a hybrid venture capital and commercialization firm focusing exclusively on innovative neurodevice technologies. NDI pursues, funds and develops opportunities that address unmet clinical needs with the potential to provide significant returns to its investors. It is focused on the worldwide market for neurodevices such as stimulators, leads, surgical equipment and software, and provides capital to identify and develop technologies, launch and grow companies, and take them to successful exits.

## Sectors

- Neurotechnology
- Medical Devices

## Offices

- Chapel Hill, NC
- Minneapolis, MN

## People

- Geoff Thrope — CEO

## Questions

### How does NDI Medical source and develop its neurodevice technologies?

NDI relies on proprietary platform technologies — implantable pulse generators, leads, and surgical tools — that it adapts to multiple therapeutic applications. It sources invention opportunities through formal partnerships with the Cleveland FES Center, Case Western Reserve University, Cleveland Clinic, MetroHealth Medical Center, and Duke University. The firm’s research and development teams work directly with clinician end-users to shape products toward unmet clinical needs.

### Is NDI Medical structured as a venture fund, an operating company, or something else?

NDI describes itself as a hybrid venture capital and commercialization firm. It deploys capital through the NDI Healthcare Fund, but unlike a traditional fund manager it builds companies on top of its own shared IP and engineering platform. This means the firm takes an active role in product development, regulatory work, and commercial launch — not just board-level oversight.

### Which sectors and therapeutic areas does NDI Medical explicitly target or avoid?

NDI invests exclusively in neurodevice technologies — stimulators, leads, surgical equipment, and associated software — targeting conditions such as chronic pain, Parkinson’s disease, depression, epilepsy, obesity, and stroke. It does not invest in pharmaceuticals, biologics, or non-device healthcare services. The firm’s stated focus is entirely on neuromodulation and neurostimulation.

## Related profiles

- [+ND Capital](https://altss.com/profile/nd-capital)
- [ND Industrial Investments BV](https://altss.com/profile/nd-industrial-investments-bv)

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Last updated: 2026-08-11T15:07:34.613Z

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