Cultivate

Cultivate(MD) is a venture capital fund established in 2017 and located in Grand Rapids, Michigan. The fund specializes in supporting early-stage healthcare companies, with a particular focus on medical device and orthopedic technologies. By targeting innovative ventures in these sectors, Cultivate(MD) aims to foster advancements that can improve patient care and outcomes in the healthcare industry.

R. Sean Churchill

Managing Director

Past deals in Michigan

SpinTech MRI

Series A in 2022
SpinTech, Inc. is a Michigan-based company founded in 2017 that specializes in developing advanced brain imaging software. This innovative platform significantly reduces the time needed for MRI brain imaging while enhancing the visualization and quantification of biomarkers essential for diagnosing neurological conditions such as traumatic brain injury, dementia, stroke, Parkinson's disease, and multiple sclerosis. SpinTech's software allows for automatic detection of critical indicators that current imaging techniques may overlook. The company aims to democratize access to sophisticated imaging technology, making it available to a broader range of healthcare facilities and improving patient outcomes. By offering a cost-effective and efficient workflow, SpinTech not only enhances diagnostic capabilities but also maximizes the return on investment for healthcare providers utilizing expensive imaging equipment.

Genesis Software Innovations

Seed Round in 2019
Genesis Software Innovations develops innovative and integrated software tools focused around surgical centers in the orthopedic space. The company's vision is to create great software tools that give medical professionals the information they need to produce repeatedly excellent, surgical results.

Magnesium Development

Series A in 2019
Magnesium Development Company, LLC is a medical device developer based in Grand Rapids, Michigan, specializing in sports medicine orthopedics. Founded in 2014, the company focuses on innovative applications of its BioMg 250 magnesium alloy technology, which merges the strength and handling characteristics of traditional metals with the ability to fully absorb in the body. This technology addresses several challenges in surgical repairs, such as delayed resorption, mechanical failures, and complications related to existing materials. By providing solutions for soft tissue injuries in areas like the knee, shoulder, and lower extremities, Magnesium Development aims to enhance recovery outcomes and support patients' return to active lifestyles. As the demand for effective treatments in sports-related injuries continues to rise, the company’s breakthroughs in resorbable metal alloys position it as a key player in advancing orthopedic care.

SpinTech MRI

Venture Round in 2018
SpinTech, Inc. is a Michigan-based company founded in 2017 that specializes in developing advanced brain imaging software. This innovative platform significantly reduces the time needed for MRI brain imaging while enhancing the visualization and quantification of biomarkers essential for diagnosing neurological conditions such as traumatic brain injury, dementia, stroke, Parkinson's disease, and multiple sclerosis. SpinTech's software allows for automatic detection of critical indicators that current imaging techniques may overlook. The company aims to democratize access to sophisticated imaging technology, making it available to a broader range of healthcare facilities and improving patient outcomes. By offering a cost-effective and efficient workflow, SpinTech not only enhances diagnostic capabilities but also maximizes the return on investment for healthcare providers utilizing expensive imaging equipment.

Shoulder Innovations

Series A in 2018
Shoulder Innovations, Inc. is a medical device company based in Holland, Michigan, specializing in orthopedic solutions for shoulder replacement surgery. Founded in 2009, the company has developed a Total Shoulder Replacement System that features innovative inset glenoid fixation technology, addressing the critical challenge of reliable fixation for glenoid implants. This technology not only enhances post-surgical implant stability, reducing the risk of revision surgeries, but also simplifies surgical instrumentation, which can lead to shorter operative times and lower costs. Shoulder Innovations markets its products through distribution partners across the United States, aiming to improve patient care and reduce overall healthcare costs.

Shoulder Innovations

Series A in 2017
Shoulder Innovations, Inc. is a medical device company based in Holland, Michigan, specializing in orthopedic solutions for shoulder replacement surgery. Founded in 2009, the company has developed a Total Shoulder Replacement System that features innovative inset glenoid fixation technology, addressing the critical challenge of reliable fixation for glenoid implants. This technology not only enhances post-surgical implant stability, reducing the risk of revision surgeries, but also simplifies surgical instrumentation, which can lead to shorter operative times and lower costs. Shoulder Innovations markets its products through distribution partners across the United States, aiming to improve patient care and reduce overall healthcare costs.
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