Boomerang Ventures

Boomerang Ventures is a healthcare-focused venture studio and VC fund headquartered in Indianapolis, Indiana, founded in 2019 by Oscar Moralez. The firm invests $500,000 to $2 million at pre-seed through seed stages in early-stage healthcare startups building connected medical devices, digital health tools, tech-enabled health services, and healthcare informatics. Boomerang leads rounds and has made 22 investments. In February 2024, nationally recognized nonprofit managed care organization CareSource joined as a limited partner, deepening the fund's presence in the Midwestern healthcare market. Portfolio companies include Impower Health, Bedside Bike, WithYou Therapeutics, Lizzy Care (AI-driven at-home dementia care, $2.6 million seed in February 2025), and SiteLabs (pharmacy-based preventive screenings, $2 million seed led by Boomerang in November 2025). The portfolio spans healthtech, connected medical devices, AI, and data analytics applications for care delivery. Boomerang operates as both a studio — building companies from the ground up — and as a fund investing in external startups, giving the team direct operating experience that informs its diligence and portfolio support. Oscar Moralez is a serial entrepreneur, mentor, and educator with deep healthcare expertise. Partner and Chief Medical Officer Eric Beier brings 25-plus years of healthcare leadership and investing. The team of four provides hands-on operational support alongside capital.