A  Medical Growth Fund

     Office Locations:

c/o Bioenterprise, Inc.
11000 Cedar Ave.
Cleveland, OH 44106
Phone: 216-658-3987



  • Early
  • Seed



  • Life Sciences & Healthcare
  • Medical Device



    Medical Growth Fund is an Angel operated investment fund that focuses on medical device, health IT, and health-care services businesses. The fund had a first close, with 12 local life science business executives contributing $250,000 apiece. BioEnterprise (see profile), a Cleveland-based economic development nonprofit, will handle the back-office functions for the fund. Investment decisions are made by the investors themselves, who meet monthly. The group will invest up to $500,000 per deal, avoiding drug development companies.

    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Baiju R. Shah
    Carol Clark
    Geoff Thrope
    Michael Burke
    Ray Dalton


    Portfolio companies include:

      Checkpoint Surgical
        web link

        web link


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