Headwater Ventures

Headwater Ventures is a venture capital firm founded in 2021 and based in Minneapolis, Minnesota, focused on early-stage health technology investments. It backs technology solutions across health information technology, digital health, insurtech, fintech, artificial intelligence and machine learning, data analytics, and other tech-enabled health services.

Matt Miller

General Partner

Past deals in RPA

Affineon

Seed Round in 2025
Affineon is a healthcare technology company that specializes in AI-driven inbox management. It automates the processing of routine and clinically insignificant lab results, reducing the workload for healthcare providers. The platform groups, analyzes, and trends lab results into concise summaries, including potential next steps and complete patient notes. It also routes non-urgent messages to staff, decreasing the number of messages providers need to attend to by up to 30%. This results in significant time savings, with providers gaining over five hours per week. Affineon seamlessly integrates with existing electronic health records (EHR) systems, ensuring providers can continue using their current workflows.

Affineon

Seed Round in 2024
Affineon is a healthcare technology company that specializes in AI-driven inbox management. It automates the processing of routine and clinically insignificant lab results, reducing the workload for healthcare providers. The platform groups, analyzes, and trends lab results into concise summaries, including potential next steps and complete patient notes. It also routes non-urgent messages to staff, decreasing the number of messages providers need to attend to by up to 30%. This results in significant time savings, with providers gaining over five hours per week. Affineon seamlessly integrates with existing electronic health records (EHR) systems, ensuring providers can continue using their current workflows.

Andy AI

Pre Seed Round in 2024
Andy AI is a technology company that specializes in AI-driven software for healthcare professionals. Its primary product is a clinical documentation platform designed specifically for nurses conducting home visits. This platform aims to enhance charting accuracy, increase productivity, and reduce clinician burnout by automating and streamlining documentation processes. By doing so, Andy AI enables clinicians to better connect with patients in home health settings.
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