Venture Capital

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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 logo

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

Healthcare ServicesDigital HealthMedical Devices

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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