Boomerang Ventures

Boomerang Ventures is an Indianapolis-based seed and early-stage venture fund focused exclusively on healthcare and digital health, with check sizes typically $250k-$2M and a strong Midwest US network. Healthcare is the firm’s entire thesis, with focus areas across digital health, healthcare IT, AI in healthcare, and tech-enabled care delivery. Best fit: Midwest US-based or Midwest-friendly healthcare founders at seed or early Series A building digital health, healthcare IT, or AI-enabled healthcare applications, who would benefit from a healthcare-specialist regional firm with real Indiana and Midwest network access (notably Eli Lilly, IU Health, and other Indianapolis healthcare anchors); founders looking for a healthcare-focused seed lead before raising a coastal Series A. Entry path is the Boomerang Ventures website (boomerang.vc) and warm intros through the Indianapolis healthcare ecosystem and Midwest healthcare networks. Not a fit for biotech therapeutics requiring deep specialization, medical devices outside the firm’s specific focus areas, or coastal-only founders without a Midwest connection. For a healthcare founder at seed wanting a healthcare-specialist regional partner, this is one of the more focused doors in the Midwest; for non-healthcare or biotech-therapeutics founders, this is the wrong door.