Mutual Capital Partners

Mutual Capital Partners is a private equity firm founded in 2004, based in Ohio, that focuses on venture investments in rapidly growing technology and healthcare businesses primarily located in the Midwest. The firm was established to address the scarcity of venture capital in the region and aims to lead or co-lead investments in promising companies seeking capital. With a network of over 100 investors, Mutual Capital Partners emphasizes the importance of management and collaborates with its investors to conduct due diligence, facilitate customer introductions, and provide ongoing support to portfolio executives. Committed to fostering entrepreneurship, the firm engages with angel funds and economic development entities to assist companies throughout the capital continuum. Additionally, Mutual Capital Partners is dedicated to responding to all potential investment inquiries within five business days, ensuring timely feedback and connections for all contacting businesses.

Rick Sapio

Co-Founder

Liz Todia

Principal

Elizabeth Grace Todia

Senior Associate

Bill Trainor

Managing Director

Wayne Wallace

Managing Director

30 past transactions

Olio

Series A in 2022
Olio is an information technology company that offers a mobile-based software application platform that transforms post-acute engagement during this crisis and beyond. Olio gives health systems real-time visibility into patient location and status. The company was founded in 2017 by Ben Forrest and headquartered in Carmel, Indiana.

SPR Therapeutics

Series D in 2021
SPR Therapeutics, LLC is a medical device company focused on developing and commercializing interventional pain management therapies. The company specializes in peripheral nerve stimulation (PNS) products, including its flagship Smartpatch system, which provides short-term pain relief following surgeries and for various types of pain such as neuropathic and musculoskeletal pain. Smartpatch is designed for minimally invasive use, allowing for up to 30 days of electrical stimulation to alleviate pain. Additionally, the company offers the Micropulse system for long-term therapy through an implantable PNS solution. SPR Therapeutics aims to provide a non-narcotic alternative to opioids and invasive procedures, emphasizing safety, effectiveness, and affordability in pain management. Founded in 2009 and headquartered in Cleveland, Ohio, the company also has facilities in the Carolinas and Minneapolis.

Catalyst OrthoScience

Series D in 2021
Catalyst OrthoScience Inc. is a medical device company based in Naples, Florida, focused on the upper extremity orthopedics market. Founded in 2014, the company is developing the Catalyst CSR total shoulder system, an innovative solution aimed at treating various shoulder conditions, including osteoarthritis, avascular necrosis, and post-traumatic arthritis. The CSR system is designed to minimize the stretching of muscles and ligaments during the implantation process, promoting a more natural recovery for patients. By emphasizing streamlined procedures and rapid recovery, Catalyst OrthoScience aims to enhance the patient experience in shoulder surgery.

Redi.Health

Seed Round in 2021
Redi.Health is a healthcare technology company that develops health management platforms for patients. The company aims to connect patients with chronic diseases to patient support programs. These programs are created in partnership with pharmaceutical manufacturers and are always free to the patient.

7SIGNAL

Series D in 2021
7SIGNAL® is a leader in enterprise wireless experience monitoring. 7SIGNAL provides a cloud-based platform that continuously monitors wireless networks and identifies elusive performance issues impacting application performance. By taking the “outside-in” approach to monitoring 7SIGNAL has visibility into the edge of any enterprise or home Wi-Fi network where complex device interaction exists, and user experience matters most. The platform maximizes employee productivity, operational efficiency and network ROI. Designed for the world’s most innovative organizations, educational institutions, healthcare systems and government agencies, the platform is currently deployed at Fortune 500 companies, hospitals and large venues globally. Learn more at www.7signal.com.

EBlu Solutions

Series A in 2021
EBlu Solutions LLC, founded in 2013 and based in Louisville, Kentucky, specializes in designing and implementing product support programs for manufacturers in the pharmaceutical, medical device, and equipment sectors. The company focuses on managing the complexities of high-cost infusion and injection treatments, offering services that include benefits investigations, prior authorizations, and co-pay card management. By streamlining the workflow associated with these therapies, EBlu Solutions aims to reduce the risk of denied claims, enhance staff efficiency, and simplify training and onboarding processes for medical practices. The company operates as a joint venture between KiZan Technologies, LLC and Bluegrass Healthcare Management Group, LLC.

enosiX

Series A in 2019
Enosix, Inc. designs and develops integration solutions between front end platforms and systems applications and products (SAP) system to unlock data and surface business process. The company offers solutions, such as Enosix Connect, integrate SAP/ERP system with cloud based application; Enosix Engage; Enosix Surface, provides real time access to SAP ERP data in sales force without middleware; Enosix Sales, read, create, and modify SAP data from sales cloud; Enosix Sales CPQ, leverage SAP data for pricing and quotes in Salesforce CPQ; and Enosix Sales VC, integrate SAP variant configuration with Salesforce in real time. Enosix, Inc. was incorporated in 2014 and is based in Cincinnati, Ohio.

Catalyst OrthoScience

Series C in 2019
Catalyst OrthoScience Inc. is a medical device company based in Naples, Florida, focused on the upper extremity orthopedics market. Founded in 2014, the company is developing the Catalyst CSR total shoulder system, an innovative solution aimed at treating various shoulder conditions, including osteoarthritis, avascular necrosis, and post-traumatic arthritis. The CSR system is designed to minimize the stretching of muscles and ligaments during the implantation process, promoting a more natural recovery for patients. By emphasizing streamlined procedures and rapid recovery, Catalyst OrthoScience aims to enhance the patient experience in shoulder surgery.

enosiX

Series B in 2018
Enosix, Inc. designs and develops integration solutions between front end platforms and systems applications and products (SAP) system to unlock data and surface business process. The company offers solutions, such as Enosix Connect, integrate SAP/ERP system with cloud based application; Enosix Engage; Enosix Surface, provides real time access to SAP ERP data in sales force without middleware; Enosix Sales, read, create, and modify SAP data from sales cloud; Enosix Sales CPQ, leverage SAP data for pricing and quotes in Salesforce CPQ; and Enosix Sales VC, integrate SAP variant configuration with Salesforce in real time. Enosix, Inc. was incorporated in 2014 and is based in Cincinnati, Ohio.

Checkpoint Surgical

Series D in 2018
Checkpoint Surgical, Inc. specializes in manufacturing neuro devices designed to assist surgeons in locating and identifying nerves and evaluating nerve and muscle excitability during surgical procedures. The company's flagship product, the CHECKPOINT 9094, is a hand-held nerve stimulator that enables surgeons to assess motor nerve tissue and muscle function in complex surgeries requiring meticulous tissue dissection. Additionally, the CHECKPOINT 9394 is a single-use intra-operative stimulator tailored for head and neck procedures, facilitating similar evaluations. Checkpoint Surgical's products are utilized across various medical fields, including head and neck, hand and extremity surgery, targeted muscle re-innervation, orthopedic oncology, trauma, and plastic reconstruction. The firm distributes its devices through a network of distributors in the United States and has been operational since its founding in 2009, with its headquarters located in Cleveland, Ohio.

7SIGNAL

Series C in 2018
7SIGNAL® is a leader in enterprise wireless experience monitoring. 7SIGNAL provides a cloud-based platform that continuously monitors wireless networks and identifies elusive performance issues impacting application performance. By taking the “outside-in” approach to monitoring 7SIGNAL has visibility into the edge of any enterprise or home Wi-Fi network where complex device interaction exists, and user experience matters most. The platform maximizes employee productivity, operational efficiency and network ROI. Designed for the world’s most innovative organizations, educational institutions, healthcare systems and government agencies, the platform is currently deployed at Fortune 500 companies, hospitals and large venues globally. Learn more at www.7signal.com.

OrthAlign

Series D in 2017
OrthAlign is a privately-held medical device company providing healthier and more pain-free lifestyles to joint replacement patients. The company is developing a line of computer-assisted surgical devices that distill the critical features and benefits of large surgical navigation systems. Its goal is to create a new standard of care in total joint replacement, making consistent, and measurable results accessible to surgeons and patients. The company was founded in 2009 and based in Aliso Viejo, California.

7SIGNAL

Series B in 2017
7SIGNAL® is a leader in enterprise wireless experience monitoring. 7SIGNAL provides a cloud-based platform that continuously monitors wireless networks and identifies elusive performance issues impacting application performance. By taking the “outside-in” approach to monitoring 7SIGNAL has visibility into the edge of any enterprise or home Wi-Fi network where complex device interaction exists, and user experience matters most. The platform maximizes employee productivity, operational efficiency and network ROI. Designed for the world’s most innovative organizations, educational institutions, healthcare systems and government agencies, the platform is currently deployed at Fortune 500 companies, hospitals and large venues globally. Learn more at www.7signal.com.

RevLocal

Venture Round in 2016
By connecting businesses with a dedicated digital strategist and a powerful platform, RevLocal delivers seamless local search marketing for businesses that want to be validated by existing customers and discovered by new ones. RevLocal optimizes its approach for the ever-changing digital landscape to ensure local businesses are visible and relevant online. With the client relationship as the foundation, RevLocal makes digital marketing efficient, effective and affordable for all. RevLocal has Digital Marketing Consultants in over 40 US Cities.

Cleveland HeartLab

Venture Round in 2016
Cleveland HeartLab, Inc. is a specialty clinical laboratory and disease management company focused on novel biomarker technologies and the creation of proprietary diagnostic tests.

7SIGNAL

Series A in 2015
7SIGNAL® is a leader in enterprise wireless experience monitoring. 7SIGNAL provides a cloud-based platform that continuously monitors wireless networks and identifies elusive performance issues impacting application performance. By taking the “outside-in” approach to monitoring 7SIGNAL has visibility into the edge of any enterprise or home Wi-Fi network where complex device interaction exists, and user experience matters most. The platform maximizes employee productivity, operational efficiency and network ROI. Designed for the world’s most innovative organizations, educational institutions, healthcare systems and government agencies, the platform is currently deployed at Fortune 500 companies, hospitals and large venues globally. Learn more at www.7signal.com.

Vox Mobile

Series C in 2015
Vox Mobile, Inc. provides managed mobility services for enterprises. It offers strategic consulting, technical professional, and advisory services to build and execute mobility blueprints; and Vox Choice, a mobility management software solution to automate BYOD and corporate liable programs for compliance, request management, and financial reconciliation. The company also offers support services for managed scalable logistics, device imaging, and end user activation; on demand user support services for mobile workforce; mobile security, MDM server setup, support, and monitoring services; and audit and optimization services for visibility and expense management. It serves clients in banking, healthcare, oil and gas, financial services, insurance, utilities, multi-national, and manufacturing industries in the United States and internationally. The company was founded in 2004 and is based in Independence, Ohio. It has support centers, and sales and consulting offices in North America.

OrthAlign

Series C in 2014
OrthAlign is a privately-held medical device company providing healthier and more pain-free lifestyles to joint replacement patients. The company is developing a line of computer-assisted surgical devices that distill the critical features and benefits of large surgical navigation systems. Its goal is to create a new standard of care in total joint replacement, making consistent, and measurable results accessible to surgeons and patients. The company was founded in 2009 and based in Aliso Viejo, California.

enosiX

Series A in 2014
Enosix, Inc. designs and develops integration solutions between front end platforms and systems applications and products (SAP) system to unlock data and surface business process. The company offers solutions, such as Enosix Connect, integrate SAP/ERP system with cloud based application; Enosix Engage; Enosix Surface, provides real time access to SAP ERP data in sales force without middleware; Enosix Sales, read, create, and modify SAP data from sales cloud; Enosix Sales CPQ, leverage SAP data for pricing and quotes in Salesforce CPQ; and Enosix Sales VC, integrate SAP variant configuration with Salesforce in real time. Enosix, Inc. was incorporated in 2014 and is based in Cincinnati, Ohio.

7SIGNAL

Series A in 2013
7SIGNAL® is a leader in enterprise wireless experience monitoring. 7SIGNAL provides a cloud-based platform that continuously monitors wireless networks and identifies elusive performance issues impacting application performance. By taking the “outside-in” approach to monitoring 7SIGNAL has visibility into the edge of any enterprise or home Wi-Fi network where complex device interaction exists, and user experience matters most. The platform maximizes employee productivity, operational efficiency and network ROI. Designed for the world’s most innovative organizations, educational institutions, healthcare systems and government agencies, the platform is currently deployed at Fortune 500 companies, hospitals and large venues globally. Learn more at www.7signal.com.

Cleveland HeartLab

Series B in 2012
Cleveland HeartLab, Inc. is a specialty clinical laboratory and disease management company focused on novel biomarker technologies and the creation of proprietary diagnostic tests.
OrthoHelix Surgical Designs is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed. Surgeons Speak.
OrthoHelix Surgical Designs is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed. Surgeons Speak.

Hemosphere

Series A in 2010
Hemosphere developed and markets the HeRO (Hemodialysis Reliable Outflow) Graft, a proprietary graft-based solution for end-stage renal disease (ESRD) hemodialysis patients with limited access options and central venous obstruction.

OrthoHelix Surgical Designs

Venture Round in 2009
OrthoHelix Surgical Designs is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed. Surgeons Speak.

Mork Process

Series A in 2008
Mork Process innovative & highly specialized supplier of customized process cleaning and sterilization solutions.
OrthoHelix Surgical Designs is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed. Surgeons Speak.
OrthoHelix Surgical Designs is a medical device company developing a comprehensive line of implants and instruments for use in small bone reconstructive surgery. OrthoHelix is dedicated to being the most responsive device maker in the orthopedic industry. We provide state of the art extremity fixation products that are reliable and easy to use. We enhance surgical outcomes of patients. Our vision is to be an orthopedic company that succeeds by listening to surgeons, giving them what they want and need for safer, faster, easier surgical procedures and improved patient outcomes. We take pride in upholding values of Integrity, Compliance, Dedication, Focus and Speed. Surgeons Speak.

TGX Medical Systems

Series A in 2005
TGX Medical Systems designs, develops and markets software solutions for medical asset management and tracking. These web-based systems work with specialized hardware supplied by major integrators. They are sold to small, medium and large-sized hospitals and medical facilities. TGX Medical Systems' systems are distinguished from competition by their sophisticated interfaces, scalability and ease of modification and are extensively patented.

CardinalCommerce

Series A in 2004
CardinalCommerce is the pioneer and global leader in authenticating consumer payments online. They operate the largest interoperable authentication network in the world which spans across various card network protocols, merchants, and Financial Institutions.