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Nirvana Healthcare Ventures
Nirvana Healthcare Ventures is a Cleveland-based venture capital firm focused on funding high-growth, early-stage Midwest healthcare companies.
Nirvana Healthcare Ventures
Nirvana Healthcare Ventures is a Cleveland-based venture capital firm focused on funding high-growth, early-stage Midwest healthcare companies. Its $100MM fund makes select early-stage investments across the Midwest, leveraging relationships with regional healthcare systems, tech transfer departments, and co-investors to find, fund, and exit innovative companies.
General information
Firm type
Venture Capital
Year founded
2021
Location
Region
North America
Country
United States
City
Pepper Pike
Corporate office
Pepper Pike, OH, United States
Principals
J. Burner Crew
Managing Director
Rem Harris
Managing Partner
Aaron Kelley
Managing Partner
Toby Cosgrove
MD, advisor
Marc Byrnes
NHCV Board Chair
Frank A. Papay
MD, consulting managing partner
Marc S. Penn
MD, PhD, consulting managing partner
Raymond R. Rackley
MD, consulting managing partner
Stephen McHale
advisory board
William Seelbach
advisory board
Ira Kaplan
advisory board
Sector focus
Frequently asked questions
What is Nirvana Healthcare Ventures' investment focus?
The firm runs a $100MM fund targeting early-stage healthcare companies with proprietary technology across the Midwest. Its focus spans digital health, healthcare services, and medical devices — specifically companies that can use regional hospital-system relationships to test, validate, and scale their products.
How does the firm source deals?
Sourcing leans on direct relationships with regional healthcare systems and university tech-transfer departments, rather than auction processes or banker-led mandates. The firm's physician-investor network gives it early visibility into clinical innovations emerging from Midwest research hospitals.
Does Nirvana Healthcare Ventures invest directly or through fund commitments?
Nirvana structures its primary vehicle as a direct investment fund. It does not market itself as a fund-of-funds or a co-investment club, though its public materials signal openness to partnering with external co-investors on individual deals.
Who runs the investment team?
The firm does not disclose individual principals by name on its public website. It describes the team as comprised of physicians, tech investors, and venture capital market managers with collective institutional experience at large health systems and asset management firms.
What is the firm's geographic footprint?
Headquartered in Pepper Pike, Ohio, Nirvana concentrates exclusively on the Midwest. Its investment thesis is explicitly tied to the region's healthcare systems, research universities, and underexploited early-stage innovation pipeline — particularly in Ohio, Illinois, and Indiana.
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