# Nirvana Healthcare Ventures

Nirvana Healthcare Ventures is a Venture Capital based in Pepper Pike, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Pepper Pike, United States
- **Region:** North America
- **Address:** Pepper Pike, OH, United States
- **Founded:** 2021
- **Assets under management:** Undisclosed
- **Website:** nirvanahcventures.com
- **LinkedIn:** https://www.linkedin.com/company/nirvanahcventures

## Regulatory record

- **Reports private funds:** No

## About

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.

## Sectors

- Healthcare Services
- Digital Health
- Medical Devices

## People

- 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

## 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.

## Related profiles

- [Nirvana Capital](https://altss.com/profile/nirvana-capital)
- [Nirvana Venture Advisors](https://altss.com/profile/nirvana-venture-advisors)

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

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