Mutual Capital Partners backs strong, mission-driven teams commercializing medical device and healthcare IT solutions that improve patient outcomes. We have deep roots in Cleveland and the Midwest, and we invest in companies built outside the major coastal tech hubs.
Currently investing out of Fund IV
Total value of our acquired companies
Customer, investor, and executive introductions
Mutual Capital Partners was founded in Cleveland in 2005. We invest in medical device and healthcare IT companies that have FDA clearance or paying customers, and we prefer to lead or co-lead the round. After we invest, we often take a board seat and help with financings, hiring, and introductions to customers and later-stage investors.
How we invest →
Conversational AI that turns the calls, chats, and messages healthcare organizations already collect into insights on patient experience, adherence, and compliance.
Developer of Amma, the only FDA-cleared portable scalp-cooling system, helping chemotherapy patients preserve their hair during treatment.
University of Iowa spinout behind iotaSOFT, an FDA-cleared robotic system placing cochlear-implant electrodes with sub-millimeter precision to preserve hearing.
Commercializing B3 GEL®, a flowable hydrogel barrier that protects healing tendons and ligaments and prevents restrictive scar formation after surgery.
Simplified, surgeon-focused shoulder replacement platform spanning anatomic, reverse, and fracture systems.
Intraoperative nerve stimulation and localization devices that help surgeons identify, protect, and repair nerves.
Minimally invasive spinal-fusion implants, including the SABER platform that combines interbody and fixation in a single zero-profile step.
Care-coordination platform giving value-based care teams real-time visibility into patients after discharge to reduce readmissions.
Digital patient-support platform connecting people on chronic-disease therapies to manufacturer support, medication management, and health tracking.
Real-time SAP integration software that connects customer-facing applications to core ERP data.
Handheld navigation that gives surgeons real-time alignment data during hip and knee replacement, without the cost of a surgical robot.
Wireless-experience monitoring platform that helps enterprises measure and optimize Wi-Fi performance.
MEDTRONIC · '26Maker of the SPRINT peripheral nerve stimulation system for drug-free chronic pain relief.
KNIPPER · '25Platform that streamlines prior authorization and therapy initiation for specialty and infusion practices.
HIBU · '24Digital-marketing company delivering personalized local search and marketing for small and mid-sized businesses.
STRATIX · '23Managed mobility services provider that helped enterprises deploy, secure, and support their mobile devices.
QUEST · '17Cardiovascular disease and inflammation-testing lab pioneering biomarkers for heart-attack risk.
INTEGRA · '17Software for tracking surgical instruments from the OR through sterilization and storage.
VISA · '16Payment-authentication technology enabling secure card-not-present transactions worldwide.
TORNIER · '12Developer of specialized small-bone and extremity orthopedic implant systems.
CRYOLIFE · '12Maker of the HeRO Graft, providing vascular access for hemodialysis patients with limited options.
MCP is an extraordinary group of dedicated and experienced professionals who epitomize the concept of “partnership.” They continue to provide leadership, guidance, and support at the board level through their deep network within the healthcare market.
I wanted a partner who knew the industry we served and could add value well beyond their capital. Bill Trainor and MCP hit that target. As an added bonus, they’re a lot of fun to work with!
The word ‘partners’ in the name MCP is exactly how I would describe the relationships we have with Wayne, Bill and Liz. Whether it be the need for some heavy lifting for a specific project or just a call to discuss strategy or gain an introduction, MCP is always ready, willing and very able to jump in and support us.
Over several years, and different companies, the people at MCP have proven themselves to be valuable partners in growing medical device companies. They have significant experience, contacts, and insight into the situations that inevitably come up in any growing company. MCP is one of the first calls I make when challenges crop up.
Working with this team has been great. They listen and are always eager to help when we ask. They also challenge us in a constructive way that helps us have meaningful conversations. This has been a great partnership.