Mutual Capital Partners

Mutual Capital Partners is a venture capital investment firm based in Westlake, Ohio, founded in 2005. The firm specializes in investing in the healthcare sector, particularly focusing on medical device and healthcare information technology companies. It was established to address the need for venture capital outside major tech hubs, aiming to lead or co-lead investments in promising firms within these industries. Mutual Capital Partners emphasizes the importance of management and collaborates with over 100 investors to conduct thorough due diligence, facilitate customer introductions for portfolio companies, and provide ongoing advisory support to portfolio executives. As a Registered Investment Adviser, the firm is committed to fostering growth and innovation in healthcare-related ventures.

Liz Todia

Principal

Trainor, William

Co-Founder, General Partner and Managing Director

Wayne Wallace

Co-Founder, General Partner

39 past transactions

Catalyst OrthoScience

Venture Round in 2024
Catalyst OrthoScience is an early-stage medical device company focused on developing innovative solutions for orthopedic surgery, specifically with its Catalyst CSR total shoulder system. This system offers a more natural approach to shoulder replacement by minimizing the stretching of muscles and ligaments during implant placement. Unlike traditional shoulder implants that require the removal of the top of the humerus to insert a stem, the Catalyst CSR is designed to be stemless, preserving healthy bone and promoting a less invasive surgical procedure. This design aims to enhance patient recovery by providing a more efficient and streamlined alternative for shoulder replacement surgeries.

Redi.Health

Series B in 2024
Redi.Health is a healthcare technology company based in Columbus, Ohio, founded in 2021. The company specializes in developing health management platforms designed to empower patients, particularly those with chronic diseases, by connecting them to free patient support programs in collaboration with pharmaceutical manufacturers. Its platform enables users to monitor their medication schedules and consolidates health-related information for easy access by healthcare providers. Additionally, Redi.Health offers patients tailored news, tips, and clinical insights, facilitating their ability to navigate healthcare challenges and actively participate in their health journeys.

SPR Therapeutics

Series D in 2024
SPRA Therapeutics is a medical device company that is commercializing pain treatments utilizing its proprietary peripheral nerve stimulation (PNS) products. They are developing a pipeline of neurostimulation pain therapies that will exploit the same physiologic mechanism of action, proprietary technology, and clinical approach. The first product to be commercialized is the SMARTPATCHâ„¢ PNS System, which is a short-term, minimally invasive system that is simple to deliver and can be used for up to 30 days to stimulate electrically a peripheral nerve to relieve pain.

iotaMotion

Series A in 2023
iotaMotion, Inc. is a company based in Iowa City, Iowa, that specializes in the development and manufacture of cochlear ear implants aimed at treating hearing loss. Founded in 2015, the company has created a robotic-assisted surgical system designed to standardize the insertion of cochlear implant electrodes. This innovative technology enhances surgical precision by controlling the speed and acceleration of electrode insertion, which helps to reduce variability in surgical procedures. By personalizing the approach to each patient, iotaMotion enables surgeons to provide more accurate and tailored cochlear interventions, ultimately expanding access to these critical treatments for both patients and healthcare providers.

Authenticx

Series B in 2023
Authenticx, Inc. is a software company that specializes in analyzing and activating customer interaction data for the healthcare industry. Founded in 2018 and headquartered in Indianapolis, Indiana, the company offers a platform that consolidates various customer interactions, including data from call centers, texts, chats, and emails, into a unified source of information. This platform enables healthcare organizations to gain insights into customer needs, preferences, and satisfaction levels, facilitating informed decision-making. By organizing and structuring conversational data through a customizable dashboard, Authenticx helps healthcare providers enhance their revenue strategies and improve overall profitability.

Elevation Spine

Series B in 2022
Elevation Spine is a medical device company headquartered in Monterey, CA. They are focused on innovating spinal implants with proven technology and materials using proprietary product designs.

Redi.Health

Venture Round in 2022
Redi.Health is a healthcare technology company based in Columbus, Ohio, founded in 2021. The company specializes in developing health management platforms designed to empower patients, particularly those with chronic diseases, by connecting them to free patient support programs in collaboration with pharmaceutical manufacturers. Its platform enables users to monitor their medication schedules and consolidates health-related information for easy access by healthcare providers. Additionally, Redi.Health offers patients tailored news, tips, and clinical insights, facilitating their ability to navigate healthcare challenges and actively participate in their health journeys.

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
SPRA Therapeutics is a medical device company that is commercializing pain treatments utilizing its proprietary peripheral nerve stimulation (PNS) products. They are developing a pipeline of neurostimulation pain therapies that will exploit the same physiologic mechanism of action, proprietary technology, and clinical approach. The first product to be commercialized is the SMARTPATCHâ„¢ PNS System, which is a short-term, minimally invasive system that is simple to deliver and can be used for up to 30 days to stimulate electrically a peripheral nerve to relieve pain.

Catalyst OrthoScience

Series D in 2021
Catalyst OrthoScience is an early-stage medical device company focused on developing innovative solutions for orthopedic surgery, specifically with its Catalyst CSR total shoulder system. This system offers a more natural approach to shoulder replacement by minimizing the stretching of muscles and ligaments during implant placement. Unlike traditional shoulder implants that require the removal of the top of the humerus to insert a stem, the Catalyst CSR is designed to be stemless, preserving healthy bone and promoting a less invasive surgical procedure. This design aims to enhance patient recovery by providing a more efficient and streamlined alternative for shoulder replacement surgeries.

Redi.Health

Seed Round in 2021
Redi.Health is a healthcare technology company based in Columbus, Ohio, founded in 2021. The company specializes in developing health management platforms designed to empower patients, particularly those with chronic diseases, by connecting them to free patient support programs in collaboration with pharmaceutical manufacturers. Its platform enables users to monitor their medication schedules and consolidates health-related information for easy access by healthcare providers. Additionally, Redi.Health offers patients tailored news, tips, and clinical insights, facilitating their ability to navigate healthcare challenges and actively participate in their health journeys.

Checkpoint Surgical

Venture Round in 2021
Checkpoint Surgical provides physicians with medical devices to locate, evaluate, and protect nerves and muscles in surgical procedures. The company's flagship product, the Checkpoint Stimulator/Locator is a single-use, hand-held stimulator with a broad range of stimulation parameters that are fully controllable by the surgeon with one hand and capable of eliciting a muscle contraction from stimulating the nerve directly or the tissue surrounding the nerve. The Checkpoint Surgical team continues to develop new and innovative first in class devices to help surgeons achieve better patient outcomes.

7SIGNAL

Series D in 2021
7SIGNAL specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

eBlu Solutions

Series A in 2021
eBlu Solutions LLC specializes in designing and implementing product support programs for pharmaceutical and medical device manufacturers. Established in 2013 and headquartered in Louisville, Kentucky, the company provides services such as benefits investigations, prior authorizations, and co-pay card management. Aimed at assisting specialty medical practices, eBlu Solutions focuses on simplifying the complex workflows associated with high-cost infusion and injection treatments. By offering a single portal for managing these therapies, the company helps practices mitigate financial risk, enhance staff efficiency, and streamline the onboarding process for new employees. Their platform supports real-time eligibility inquiries and monitors patient activity, thereby improving the overall administration of healthcare services. eBlu Solutions operates as a joint venture between KiZan Technologies and Bluegrass Healthcare Management Group.

7SIGNAL

Series D in 2020
7SIGNAL specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

enosiX

Series A in 2019
enosiX, Inc. specializes in creating integration solutions that connect front-end platforms, particularly Salesforce, with SAP systems. Founded in 2014 and based in Cincinnati, Ohio, the company offers a range of products designed to facilitate seamless data access and business process flows. Their solutions include Enosix Connect for cloud application integration, Enosix Engage for real-time SAP data access without middleware, and various tools for managing sales processes, such as Enosix Sales CPQ, which utilizes SAP data for pricing and quotes. By enabling real-time data sharing, enosiX enhances productivity and customer engagement, allowing sales teams to respond more quickly to opportunities. The company's platform minimizes coding requirements and provides bi-directional integration, ensuring that businesses can leverage SAP data efficiently across various functions, including order management and logistics. Additionally, enosiX supports mobile access to SAP data, empowering a mobile workforce to improve customer relationships and overall productivity.

Catalyst OrthoScience

Series C in 2019
Catalyst OrthoScience is an early-stage medical device company focused on developing innovative solutions for orthopedic surgery, specifically with its Catalyst CSR total shoulder system. This system offers a more natural approach to shoulder replacement by minimizing the stretching of muscles and ligaments during implant placement. Unlike traditional shoulder implants that require the removal of the top of the humerus to insert a stem, the Catalyst CSR is designed to be stemless, preserving healthy bone and promoting a less invasive surgical procedure. This design aims to enhance patient recovery by providing a more efficient and streamlined alternative for shoulder replacement surgeries.

enosiX

Series B in 2018
enosiX, Inc. specializes in creating integration solutions that connect front-end platforms, particularly Salesforce, with SAP systems. Founded in 2014 and based in Cincinnati, Ohio, the company offers a range of products designed to facilitate seamless data access and business process flows. Their solutions include Enosix Connect for cloud application integration, Enosix Engage for real-time SAP data access without middleware, and various tools for managing sales processes, such as Enosix Sales CPQ, which utilizes SAP data for pricing and quotes. By enabling real-time data sharing, enosiX enhances productivity and customer engagement, allowing sales teams to respond more quickly to opportunities. The company's platform minimizes coding requirements and provides bi-directional integration, ensuring that businesses can leverage SAP data efficiently across various functions, including order management and logistics. Additionally, enosiX supports mobile access to SAP data, empowering a mobile workforce to improve customer relationships and overall productivity.

Checkpoint Surgical

Series D in 2018
Checkpoint Surgical provides physicians with medical devices to locate, evaluate, and protect nerves and muscles in surgical procedures. The company's flagship product, the Checkpoint Stimulator/Locator is a single-use, hand-held stimulator with a broad range of stimulation parameters that are fully controllable by the surgeon with one hand and capable of eliciting a muscle contraction from stimulating the nerve directly or the tissue surrounding the nerve. The Checkpoint Surgical team continues to develop new and innovative first in class devices to help surgeons achieve better patient outcomes.

7SIGNAL

Series C in 2018
7SIGNAL specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

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 specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

Revlocal

Venture Round in 2016
RevLocal, LLC is a digital marketing agency based in Granville, Ohio, specializing in services for local businesses and franchise networks across the United States and Canada. Founded in 1997, the company offers a comprehensive range of digital marketing solutions, including local search engine optimization (SEO), place page optimization, presence management, and mobile website development. Additionally, RevLocal provides review marketing and reputation management services, along with paid advertising options such as search and display ads, retargeting campaigns, and social media advertising. The agency also focuses on social content creation, encompassing social media optimization, blogging, and email marketing. To enhance its offerings, RevLocal employs marketing analytics that include data integration, call tracking, and automatic report generation. By adapting to the evolving digital landscape, RevLocal aims to help businesses improve their online visibility and engage with customers effectively.

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 specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

Vox Mobile

Series C in 2015
Vox Mobile, Inc. specializes in managed mobility services for enterprises, focusing on mobile technology consulting, management, and support. Founded in 2004 and based in Independence, Ohio, the company assists organizations in developing and executing effective mobile strategies while ensuring the productivity and security of their mobile workforces. Vox Mobile’s offerings include strategic consulting, a mobility management software solution called Vox Choice, and a range of support services such as device imaging, end-user activation, and mobile security. The company also provides audit and optimization services to enhance visibility and manage expenses related to mobile operations. Vox Mobile serves a diverse clientele across various industries, including banking, healthcare, and manufacturing, both in the United States and internationally. As a recognized leader in mobile IT services, Vox Mobile is a founding member of the Global Enterprise Mobility Alliance, enabling it to deliver local account management and global services to its clients.

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. specializes in creating integration solutions that connect front-end platforms, particularly Salesforce, with SAP systems. Founded in 2014 and based in Cincinnati, Ohio, the company offers a range of products designed to facilitate seamless data access and business process flows. Their solutions include Enosix Connect for cloud application integration, Enosix Engage for real-time SAP data access without middleware, and various tools for managing sales processes, such as Enosix Sales CPQ, which utilizes SAP data for pricing and quotes. By enabling real-time data sharing, enosiX enhances productivity and customer engagement, allowing sales teams to respond more quickly to opportunities. The company's platform minimizes coding requirements and provides bi-directional integration, ensuring that businesses can leverage SAP data efficiently across various functions, including order management and logistics. Additionally, enosiX supports mobile access to SAP data, empowering a mobile workforce to improve customer relationships and overall productivity.

7SIGNAL

Series A in 2013
7SIGNAL specializes in enterprise wireless experience monitoring, offering a cloud-based platform that continuously tracks the performance of wireless networks. This system is designed to identify performance issues that affect application functionality, focusing on the critical interactions at the edge of Wi-Fi networks where user experience is paramount. By employing an "outside-in" approach, 7SIGNAL provides insights that enhance employee productivity, streamline operations, and improve return on investment for network infrastructure. The platform is utilized by a diverse range of clients, including innovative organizations, educational institutions, healthcare systems, and government agencies, and is currently deployed in Fortune 500 companies and large venues around the world. Additionally, it aids IT enterprises in managing the end-user Wi-Fi experience, reducing the total cost of ownership for wireless LANs by improving troubleshooting efficiency and baseline performance without the need for additional access points.

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 for use in the pharmaceutical sector designs and constructs customized clean-in-Place, sterilize-in-Place, and clean-out-of-place systems. These systems are made to provide cleaning cycles, reproducible and predictable cleaning, and reduced use of water and chemicals.
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 specializes in the design, development, and marketing of software solutions for medical asset management and tracking. Their web-based systems integrate seamlessly with specialized hardware provided by major integrators, catering to the needs of small, medium, and large hospitals and medical facilities. TGX Medical Systems stands out from its competitors through its sophisticated interfaces, scalability, and ease of modification, which are supported by extensive patents.

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.
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