MemorialCare Innovation Fund
MemorialCare Innovation Fund (MCIF) is the strategic healthcare investment fund wholly owned by MemorialCare Health System. It invests in privately held, early- to mid-stage healthcare companies offering innovative products, services, and technologies.
88% of their portfolio is in Healthcare. Their most common stage is series-b (53% of deals). Average disclosed round size is $14.6M (across 16 rounds with reported amounts).
Portfolio
15
Fund Size
—
Top Stage
Series B
Last 12 Mo
1
Team
Steven Beal
Senior Vice President and CIO, MemorialCare Health System
Mr. Heise
leads the investing activities of MemorialCare investment fund
Mr. Winder
co-leads the investment activities of the MemorialCare Innovation Fund
Dr. Arbuckle
President and CEO of MemorialCare Health System
Eugene Kim, MD
Chief Medical Officer (CMO)
Peter Dowerah
Controller
Peter Kung
Chief Strategy Officer
Mr. Dowerah
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
Portfolio
| Company | Round | Amount | Date |
|---|---|---|---|
 SpendRule | Seed | $2M | Feb 2026 |
 Carta Healthcare | Series B | $18.3M | May 2025 |
 Amenities Health | Series A | $10M | Sep 2023 |
 Xealth | Series B | $24M | Sep 2021 |
 Babyscripts | Series B | $12M | Sep 2021 |
 Protenus | Series D | $21M | Jun 2021 |
 Foldax | Series D | $20M | Jan 2020 |
 Phynd | Series B | — | Jan 2019 |
| Foldax | Unknown | $10.3M | Jan 2018 |
 PerfectServe | Series D | $21M | Jan 2015 |
 Ivantis | Series B | $25M | Jan 2014 |
| HHealth Care Dataworks | Unknown | $5M | Jan 2013 |
| PerfectServe | Series C | $10.9M | Feb 2012 |
 Babyscripts | Series B | $7.5M | — |
 SilverCloud | Series B | $16M | — |
 AristaMD | Series B | $18M | — |
 Laudio | Series B | $13M | — |
Top Co-Investors
Last updated: 8 September 2026