MedStartr Venture Fund III · Raising Now

Let’s Transform Healthcare Faster Together.

MedStartr Capital is investing in over 100 of the most crowd-validated new ideas transforming care from a new family of funds designed to enable aligned, impact-driven healthcare investors and stakeholders to become stockholders in the future of care.

33%
Gross IRR · Fund II
4.0×
MOIC · Fund II
2.91
TVPI · Fund II
22×
More likely to succeed
Investment Thesis

An AI-empowered, diversified healthcare portfolio

We invest in impactful innovations — those that lower the cost of care while improving quality and access — crowd-validated by MedStartr's algorithms, credentialed crowds, AI agents, and proprietary data. 85% of investments are expected to be AI-empowered.

The Window

Rare innovation, scarce capital

Many healthcare unicorns will emerge over the next five years, yet innovation capital is constrained after 2023–25 underperformance. Less competition for the best deals while capital is scarce.

Data Moat

126 metrics no spreadsheet can replicate

Since 2012, engagement across MedStartr.com and 1,283 live events in 44 cities feeds predictive algorithms — including founder grit, ethics, and pilot-interest signals available nowhere else.

Proven System

22× more likely to succeed

Ideation, validation, acceleration, coordination, and integration — a five-stage system that de-risks every step. MedStartr's record runs roughly 7× the category average over seven years.

AI Engine

Agents that show their work

Syggy matches users to innovations and gathers signal; Fyggy predicts success with fully auditable math. MedStartr.ai launches Q3 2026, multiplying the data engine 20×.

Target Portfolio

Diversified across healthcare and medicine

We plan to invest in over 100 of the best new companies in healthcare in the next four years, 85% of which we expect to be AI-empowered.

Fund IIITarget
Services20%8.27% CAGR
Devices15%5.9% CAGR
Wearables13%12.8% CAGR
Telehealth AR/VR12%17.2% CAGR
AI Clinicians10%40.2% CAGR
Health Info Tech (HIT)10%19.8% CAGR
Pharmaceuticals10%7.8% CAGR
InsureTech10%34.4% CAGR

Target allocation by sub-sector (sums to 100%); illustrative and subject to change. CAGR figures are third-party sub-sector estimates, not fund projections.

Why MedStartr

From our crowd, to predictions, to three levels of acceleration

The MedStartr System is one connected engine: a credentialed crowd generates proprietary data, that data trains our predictions, our predictions and mentor network select and de-risk the best teams, and our three-stage accelerator grows them to exit. Companies validated by the System are 22× more likely to succeed.

1Our Crowd
2Our Data
3Our Predictions
4Mentor Network
5Acceleration
6Proven Results
01 · Our Crowd

Four stakeholders, one safe space for innovation

The four figures in the MedStartr logo are the four stakeholders of healthcare, holding hands around the cross of care. Across our events, platforms, and contests, we ask each whether an innovation is worth backing:

Patients — will it improve their care?
Clinicians — will they use it to deliver better care?
Partners — will they partner to build better care?
Institutions — will hospitals, health systems, associations, and municipalities pilot and integrate the innovation?

When all four are ready to try, buy, pilot, partner, and mentor an innovation, they create a safe space — for founders to build, and for investors to commit time and capital with conviction.

We’ve built that crowd since 2008 — running 120+ contests and grand challenges and developing crowd-data methods and algorithms for HHS, the AMA, AHA, AMIA, Aetna, Takeda, GE, BCBS, Ochsner, and 100+ other leading organizations. Winners like Medable and Unite Us grew into billion-dollar companies. In 2017 we began investing in the winners — and our proprietary “crowd-validation” methodology, algorithms, and AI remain our edge.

Since 2008
building the crowd
120+
contests & grand challenges
100+
partner organizations
2
unicorns: Medable, Unite Us
02 · Our Data

The world's largest healthcare innovation dataset

Tens of millions of interactions on our platforms and at 1,200+ live events across 44 cities feed our predictive algorithms — 126 metrics per company, including proprietary signals like founder grit, ethics, and pilot interest that exist nowhere else. MedStartr.ai, launching in Q3 2026, will add historical data and an order-of-magnitude more depth across 16,000+ innovations with more arriving daily.

Since 2012
platform engagement
126
metrics per company
44 cities
of live events
20×
more data via MedStartr.ai
03 · Our Predictions

Two AI agents that show their work

Data becomes decisions through two agents. Syggy matches millions of credentialed users to innovations and gathers signal at scale. Fyggy predicts which companies will succeed in the next 18–24 months — and shows all of its math, with no hallucinations. Coupled with intense due diligence and founder psychometrics, the System sees exponential growth before it happens.

18–24 mo
success horizon predicted
Auditable
no black box, no hallucinations
85%
of investments are AI-empowered
04 · Our Mentor Network

1,400+ mentors who advise, partner, and invest

Our 1,400+ MedStartr Mentors, a world-class Advisory Board, and 20+ Venture Partners across 20 cities advise, partner, pilot, and invest in our portfolio companies. When a company stalls, we activate a Phoenix turnaround team — one such team fixed a company's strategy and earned 15× with new investors the next month.

1,400+
vetted mentors
20+
venture partners
20 cities
engaging locally
05 · Our Accelerators

Three stages of acceleration to exit

Teams that pass due diligence are invited into a three-stage program that grows them from launch to integration and exit.

Stage I
Lift Off

3-year program: 40 hours of training, $350K in in-kind services, monthly calls, and demo days at three stages of growth.

3–8% equity
Stage II
Boost

Revenue-growth accelerator with partners, monitored by our Mission Control AI early-warning system — better deals, fewer pitfalls, faster exits.

3–8% equity / rev share
Stage III
Integration

Partners, payers, pharma, and health systems adopt our companies at scale, driving rapid adoption and exits.

Network-driven
06 · Track Record

The result: Fund II produced 4.0× gains (MOIC) to date

The System's logical outcome. All investments and unrealized gains from inception (2/19/2019) through 3/31/2026; years 2–5 were significantly affected by the COVID-19 pandemic. Past performance is not a predictor of future results.

33%
Gross IRR since inception
27%
Net IRR to limited partners
2.91
TVPI — total value to paid-in
24.5%
DPI — distributions to paid-in
Portfolio Highlights

12 companies, 19 deals, repeatable winners

Multiples reflect valuation growth since investment as of 3/31/2026, per most recent funding rounds. Conservative estimates for SAFEs, debt, and equity. Past performance is not a predictor of future results.

28×
DirectShifts
AI-empowered medical staffing; partial exit at 16× in 2022
20×
Safely / SHS
Remote diagnostics platform; partnership with Mayo Clinic
12×
Helpp.ai
AI monitoring for the hospital room
6.6×
Care+Wear
Healing apparel in 300+ hospitals; $100M LOI pending
5.6×
Alertgy
Needle-free RF continuous glucose monitoring
Exit
Twiage
Connecting EMS to the ED — exited 2024
Leadership

150+ years of combined healthcare and venture expertise

Backed by 1,400+ MedStartr Mentors and 20+ Venture Partners across 20 cities.

Alex Fair, MS
Alex Fair, MS
Managing Partner
Creator of the MedStartr model. Scientist, 7-time founder, 30+ years as researcher, CIO, and CEO.
Robert Schinazi, PhD
Robert Schinazi, PhD
Venture Studio / MD
Leads turnarounds and engineering diligence. 30 years building devices for Dexcom, TI, HP, and Bose.
Jonathan Fair, MBA
Jonathan Fair, MBA
Strategy / BD
Leads the BD practice. 30+ years across media, real estate, and healthcare; $20B+ in projects developed.
Sharad Mishra, MD, MBA
Sharad Mishra, MD, MBA
Due Diligence / MD
Led diligence since Fund I. Physician with 15+ years in M&A; formerly Optum Ventures and LabCorp CVC.
Deanna Dammers
Deanna Dammers
Strategy / IR
Leads investor relations and partnerships. 25 years investing and advising; 12 in digital health.
Avisha NessAiver
Avisha NessAiver
Chief Science Officer
Leads scientific diligence, data, and validation across the MedStartr System.

Apply to Join Us

MedStartr invites vetted healthcare leaders to advise, partner, pilot, and invest alongside Fund III across 20 cities.

The Network

1,400+ Mentors and a world-class Advisory Board

Every MedStartr user is credentialed; the best are vetted and invited to mentor, advise, partner, pilot, and invest in our portfolio companies. A few of them:

Advisory Board
Khan Siddiqui, MD
Khan Siddiqui, MD
Hoppr.ai; Hyperfine; Top 10 AI Founder 2024
Cheryl Pegus, MD, MPH
Cheryl Pegus, MD, MPH
Morgan Health; Walmart, Walgreens, Aetna
Atul Kumar, MD
Atul Kumar, MD
Physician; MVF III investor; AI founder
John Mattison, MD
John Mattison, MD
CMIO, Arsenal Capital; Kaiser; UCSD
Michael Lamont
Michael Lamont
Head of Europe, Better; Credit Suisse
Matthew Holt
Matthew Holt
Founder, The Health Care Blog
Lois Drapin
Lois Drapin
CEO, The Drapin Group; WebMD, Wyeth
Les Funtleyder
Les Funtleyder
Healthcare PM, E-Squared Capital
Dave Tamburri
Dave Tamburri
Managing Partner, Health Evolution Partners
Craig DeLarge
Craig DeLarge
Digital mental health strategist; Takeda, Merck
Craig Lipset
Craig Lipset
Clinical trials; ex-Pfizer innovation lead
Featured Mentors of 1,400+
Esther Dyson
Esther Dyson
Advisor, Wellville; EDventure
Amy Gleason
Amy Gleason
Acting Administrator, DOGE/USDS; CareSync
Regina Holliday
Regina Holliday
Patient activist; The Walking Gallery
Ben Chodor
Ben Chodor
CEO, Intrado; host, HealthTechTalk
George Mathew, MD, MBA
George Mathew, MD, MBA
CMO, Dedalus; physician, WCMC
Eugene Borukhovich
Eugene Borukhovich
Ex-Bayer, MedCo; serial entrepreneur
Ronald M. Razmi, MD
Ronald M. Razmi, MD
Managing Partner, Zoi Capital; author
Libbe Englander, PhD
Libbe Englander, PhD
CEO, Pharm3r; ex-VC/hedge fund
Thomas Tsang, MD, MPH
Thomas Tsang, MD, MPH
Founder, Valera Health; ONC leader
Paulo J. Machado, MBA
Paulo J. Machado, MBA
MVF II investor; AZ, BMS, Techstars
Steven Wardell
Steven Wardell
Managing Partner, Wardell Advisors
Gaurav Mehta
Gaurav Mehta
Managing Partner, Mehshah Capital
Kat Jong, MD
Kat Jong, MD
Psychiatrist; founding intern, MedStartr
Venture Partners & Team across 20 cities

MedStartr Venture Partners and staff average 7.4 years with MedStartr, engaging locally to scale globally.

Mike Pence
Mike Pence
CTO
Joe Desidrio
Joe Desidrio
Partnerships
Claudia Sandino
Claudia Sandino
Awareness
Patrick Hurd
Patrick Hurd
DD / Analytics
Joshua Reiders
Joshua Reiders
BizDev
Sabina Shuminov
Sabina Shuminov
Global Events
Mark Dingle
Mark Dingle
Venture Partner
Gregg Masters, MPH
Gregg Masters, MPH
SoCal / Social
Aline Noizet, MBA
Aline Noizet, MBA
DD / EU
Shwen Gwee
Shwen Gwee
PharmaTech
Megan Antonelli
Megan Antonelli
Global / SoCal
Jasper Canon
Jasper Canon
Data / Texas
Joe Daniels, JD
Joe Daniels, JD
Legal
Sabrina Runbeck, PA, MPH
Sabrina Runbeck, PA, MPH
DD / Events

Apply to Join Us

MedStartr invites vetted healthcare leaders to advise, partner, pilot, and invest alongside Fund III across 20 cities.

Ready to Invest

Two paths into MVF III. Both open now.

Accredited investors join the 506(c) direct round. All other U.S. investors can participate through our Republic Reg CF campaign (up to $5M). Answer one question to find your path.

FAQ

Frequently asked questions

What is MedStartr Venture Fund III?

MedStartr Venture Fund III (MVF III) is a $40M early-stage healthcare venture fund investing in AI-empowered companies from seed to Series A. Investments are crowd-validated on the MedStartr platform, AI-predicted by proprietary models, and accelerated through a proven three-stage program.

What is the fund's track record?

Fund II has produced a 4.0× MOIC in gains to date, with a 33% gross IRR and 27% net IRR since inception (TVPI 2.91, DPI 24.5%, as of 3/31/2026). MOIC reflects total value including unrealized gains, not realized cash. Companies validated by the MedStartr System have been 22× more likely to succeed. Past performance is not a predictor of future results.

Who can invest, and what is the minimum?

Accredited investors can invest in the 506(c) direct round with a $250,000 minimum. All U.S. investors can participate through our Regulation CF campaign on Republic (up to $5M).

How is MVF III different from other healthcare funds?

MedStartr has run a healthcare innovation platform since 2012, generating proprietary data across 1,200+ live events in 44 cities and 126 metrics per company. Two AI agents — Syggy and Fyggy — turn that data into predictions, and a 1,400+ mentor network de-risks and accelerates portfolio companies.

How can I join as a mentor or venture partner?

MedStartr invites vetted healthcare leaders to join as mentors or venture partners across 20 cities. Apply through the Join Us options on this site to advise, partner, pilot, and invest alongside the fund.

Apply to Join Us

MedStartr invites vetted healthcare leaders to advise, partner, pilot, and invest alongside Fund III across 20 cities.

MedStartr Venture Fund III · 506(c) offering available to verified accredited investors only · Reg CF offering on Republic subject to FINRA/SEC oversight · Not FDIC insured · May lose value · Not bank guaranteed