Innovate Health Fund
Innovate Health Fund is a Pre-Seed, Seed venture capital firm based in Toronto, Canada investing in Other, Healthcare, Enterprise. The firm typically writes $500K–$2.5M checks and has 6 portfolio companies in our records.
Pre-Seed, Seed
$500K – $2.5M
6+ companies
3 partners
Investment Thesis
Invests in cutting-edge biotechnology and healthcare enterprises that are addressing significant medical and scientific challenges.
How Innovate Health Fund invests
Innovate Health Fund is a vc firm based in Toronto, Canada. The firm invests at the Pre-Seed, Seed stages, with a focus on Other, Healthcare, Enterprise, SaaS. It does not invest in Consumer Electronics.
Innovate Health Fund typically writes checks of $500K–$2.5M per investment.
Innovate Health Fund has backed 6 companies in our records, including HealthBridge Systems, Century Health, Switchboard Health.
Meet the Team
Nevin Ramanujan
General Partner
Has been venture investing in healthcare as an investor at Sandalphon Capital since 2022 and co-founded and managed the Health Equity investment strategy at the Tarrson Impact Fund. Previously managed and led M&A and investing at Elevance Health as part of the Corporate Development team, contributing to growth of its government insurance business and Carelon through acquisitions including Aspire Health and Beacon Health Options. Earlier career in private credit investing. Has managed and led over $5 billion in aggregate transactions. Holds an MBA from the University of Chicago Booth School of Business and a BA from the University of Washington.
Michael Tran
Investment Partner
Jonathan Ellis
Managing Partner
Founder & Managing Partner of Sandalphon Capital, focused on seed-stage B2B tech investments since 2016. Previously Senior Vice President at Macquarie, investing in private equity and private credit across sectors including B2B SaaS, healthcare, specialty finance, real estate and infrastructure. Has experience across 50 prior fund portfolio companies, 10 startup board roles, and 30 angel investments. Holds a Masters in Finance from INSEAD and a BSc from the University of Manchester.
Industry Focus
Invests In
Does Not Invest In
Portfolio Companies (6)
Other
HealthBridge Systems
Century Health
Accelerating medical breakthroughs with real-world data
Switchboard Health
A hybrid virtual and brick-and-mortar specialty network and software platform
Array Behavioral Care
The leading and largest telepsychiatry service provider in the United States
Metopio
Ridiculously easy data tools to help understand places & populations for healthcare
Itiliti Health
A touchless prior authorization process that is fast and efficient for payors and providers.
- •Raising at Pre-Seed, Seed? You're squarely in their sweet spot.
- •Lead with your fit in Other, Healthcare, Enterprise — the sectors they actively back.
- •Size your ask to their typical $500K – $2.5M check.
- •warm intro preferred
- •Address your outreach to a specific partner, such as Nevin Ramanujan, General Partner.
- •A warm introduction beats a cold email. Get matched and request an intro.
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