Organization · Venture Studio
Boomerang Ventures
Boomerang Ventures is a venture studio and fund based in Indianapolis, Indiana, focusing on early growth-stage connected health technology companies. They partner with founders and institutions to leverage technology aimed at improving healthcare.
Overview
What Boomerang Ventures does
What Boomerang Ventures is
Boomerang Ventures is a venture studio and fund based in Indianapolis, Indiana, focusing on early growth-stage connected health technology companies. They partner with founders and institutions to leverage technology aimed at improving healthcare.
How it participates in the startup ecosystem
The current public profile supports funder and program host capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Studio
- Founded
- Founded in 2019
- Approximate age
- About 7 years
- Structured capabilities
- Funder · Program host
- Last reviewed
- March 27, 2026
What Venture studio means
A venture studio is an organization that systematically creates new startups by generating or sourcing ideas, validating them, building early products, recruiting founders or operators, providing shared resources, and retaining meaningful equity in the companies it helps create.
Open the glossary entryOfficial channels
Find Boomerang Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Boomerang Ventures as a funder
Investment thesis
Boomerang Ventures focuses on healthcare innovation by leveraging technology to disrupt the healthcare sector, emphasizing connected health technology and improving patient care delivery.
Focus narrative
Boomerang Ventures invests in early-growth stage companies within the healthcare technology sector, targeting connected health technology. Key focus areas include remote patient monitoring, health information systems, value-based care, and solutions for aging and chronic care. The organization aims to enhance the quality and accessibility of healthcare through innovative technologies.
Value beyond capital
Boomerang Ventures adds value to its portfolio companies by providing access to a robust network within the Midwest healthcare ecosystem, strategic partnerships, and resources for scaling innovative healthcare solutions. The organization supports founders through collaborative development and operational expertise.
Terms and economics
- Typical check
- $500,000–$2,000,000
Focus and fit
- Stages
- Seed · Seed+ · Series A
- Regions
- North AmericaUnited States
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 10
Portfolio context
Notable portfolio companies include: Aware Health: Reduces healthcare costs related to musculoskeletal pain. Bedside Bike: Provides mobility care solutions for hospitals. BiofeedbackVRx: Offers a digital therapeutic platform for pain management. EarSmartAI: Develops an AI ecosystem for managing pediatric ear infections. GEOH: Streamlines processes for home health care agencies. IMPOWER HEALTH: Transforms treadmills into personal gait labs. HabitHalo: A platform for nicotine addiction cessation. Lizzy Care: Manages dementia and memory care using AI. Mentavi Health: Provides mental health diagnosis and treatment solutions. Pelvital: Develops products for women's health, focusing on urinary incontinence.
Capability profile
Boomerang Ventures as a program host
Program thesis
Boomerang Ventures focuses on early growth-stage connected health technology companies, leveraging technology to improve healthcare outcomes.
Focus narrative
Boomerang Ventures invests in connected health technology companies, particularly those innovating in sectors such as healthcare informatics, medical devices, and care models. The firm targets early-growth stage companies, primarily in the Midwest, and emphasizes investments that address significant challenges in healthcare, including chronic disease management, aging care, and value-based care.
Value and support
Boomerang Ventures provides mentorship, access to a network of healthcare professionals, and support in developing and launching products for early-stage companies.
Terms and economics
- Indicative investment
- $2,000,000
Availability
- Application state
- Accepting
Focus and fit
- Stages
- Pre-seed · Seed
- Sectors
- Healthcare · Medical Devices
- Regions
- North AmericaUnited States
Alumni and track record
Alumni context
Notable portfolio companies include Aware Health, which specializes in reducing healthcare costs associated with musculoskeletal pain; SiteLabs, transforming independent pharmacies into community hubs; IMPOWER HEALTH, developing a gait diagnostic platform; SynchNeuro, focusing on a non-invasive glucose monitor; and Mentavi Health, offering digital mental health services.
Common questions
What to know about Boomerang Ventures
Upseed classifies Boomerang Ventures under the Venture Studio organization type. Its current public profile includes funder and program host capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 27, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.