Cone Health

Cone Health is a not-for-profit healthcare provider serving six counties in North Carolina. It operates multiple hospitals, over 60 outpatient clinics, and numerous physician practices, offering a comprehensive range of services including bariatrics, behavioral health, cancer care, orthopedics, neurosciences, virtual care, primary care, women's services, and rehabilitation. The organization is committed to excellence in quality, service, and cost, aiming to be a national leader in these areas.

Suresh Krishnan

CTO and Vice President

John Miller

Chief Investment Officer

6 past transactions

Rad AI

Series C in 2025
Rad AI, Inc. is a technology company based in Berkeley, California, specializing in artificial intelligence solutions for radiologists. Established in 2018, it has developed an automated report generation platform designed to streamline the radiology workflow. This platform enables radiologists to automate repetitive tasks, such as generating report impressions and dictating findings through voice recognition technology. Additionally, it assists in identifying errors and significant findings, automatically inserting customizable recommendation macros, and providing comprehensive answers to ordering clinicians. By integrating seamlessly into existing workflows, Rad AI enhances efficiency and accuracy, ultimately helping to alleviate burnout for radiologists and improve overall patient care.

Leo Cancer Care

Series C in 2024
Leo Cancer Care is an innovative company based in Australia that focuses on enhancing the patient experience in cancer radiation therapy. The company has developed a specialized treatment system that emphasizes the clinical benefits of upright patient positioning, which aims to improve patient comfort and control during treatment. By integrating advanced technology with a radiotherapy machine, Leo Cancer Care's system facilitates 3D image capturing and precise control of radiation beams, ensuring that the appropriate amount of energy is delivered to targeted tissues. This approach not only simplifies the radiation therapy process but also aims to reduce the pain and costs associated with traditional chemotherapy and radiation treatments, ultimately connecting patients to centralized cancer care centers for more effective treatment options.

The Nussbaum Center for Entrepreneurship

Grant in 2023
The Nussbaum Center for Entrepreneurship, based in Greensboro, North Carolina, is the largest small-business incubator in the state, established in 1987. It offers a range of resources and support services to entrepreneurs and small business owners, including affordable office space, training programs, networking events, and personalized coaching. The organization focuses on helping individuals develop their business concepts into viable and sustainable enterprises, providing assistance in areas such as strategic planning, marketing strategies, goal setting, and financial modeling. A notable aspect of the center is its commitment to fostering diverse entrepreneurship, with a significant portion of its associates being minority or women-led businesses. The Nussbaum Center has a strong track record, with a high percentage of its associates remaining operational after five years, contributing to a reduction in small business failures.

Fuse Oncology

Venture Round in 2023
Fuse Oncology specializes in providing business and clinical intelligence solutions tailored for radiation oncology. The company develops a software-as-a-service (SaaS) platform designed to enhance the efficiency, quality, and safety of oncology practices. By addressing healthcare workflow challenges and eliminating data silos, Fuse Oncology enables clinicians to achieve a more streamlined experience. Additionally, the platform employs artificial intelligence to optimize clinical documentation, further supporting healthcare professionals in delivering effective radiation oncology care.

Medicom Technologies

Series B in 2021
Medicom Technologies, Inc. is a technology company based in Raleigh, North Carolina, that specializes in improving patient care through innovative health information solutions. The company addresses interoperability challenges in healthcare by providing a network that consolidates a patient's complete medical history into an easily navigable interface. This network eliminates the need for traditional methods of sharing clinical information, such as faxes and CD-ROMs, by connecting over 2,000 healthcare organizations through more than 3,500 unique connections. Medicom offers several key products, including Imagex, a diagnostic image transfer solution; Endpoint, an image archiving system; and Hex, a patient record exchange network. Additionally, the company features the deepMed Marketplace, which supports healthcare data consumers in life sciences and pharmaceuticals by facilitating the curation of extensive longitudinal data sets for research and AI applications. Founded by Michael Rosenberg, Malcolm Benitz, and Chase Ballard, Medicom is dedicated to transforming how healthcare information is shared and utilized.

Xealth

Series B in 2021
Xealth Inc. is a digital health company that has developed a comprehensive platform enabling clinicians to integrate, prescribe, and monitor various digital health tools and programs directly from electronic health record (EHR) workflows. Founded in 2016 and based in Seattle, Washington, Xealth's platform allows care teams to efficiently order digital health solutions for patients, facilitating seamless communication through email or patient portals. The platform also provides functionality for monitoring patient engagement and analyzing the impact of these tools on patient outcomes. Additionally, Xealth supports non-clinical services, such as ride-sharing and food delivery, enhancing the overall patient experience and promoting greater utilization of digital health resources.
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