Boomerang Ventures

INVEST

FUND

Boomerang Fund helps revolutionize patient care.
We target connected health tech companies in the Midwest. We focus on companies that have proven, differentiated businesses, defensible market positions, predictable demand patterns, multiple growth levers, and strong management.

INVEST WITH BOOMERANG FUND.

As the funding arm of Boomerang Studio, we lead or co-lead investments in connected health technology companies in the Midwest, leveraging our three-pronged investment strategy backed by our experienced leadership team.

OUR CRITERIA.

1
INNOVATING IN THE MIDWEST​
Being in the Midwest matters. Not only do we get more equity per dollar than the coasts, but with a robust healthcare and tech sector and fewer competitors, there’s ample opportunity for scalable growth.
2
CONNECTED HEALTH TECHNOLOGY
We focus on building and funding companies in connected health. We want to do work that really matters; that improves lives and transforms the healthcare ecosystem for the better.

3
EARLY-GROWTH INVESTMENTS
We believe we can make the biggest impact when we capture value early. That’s why we work with companies ranging from Pre-Seed with Boomerang Studio all the way to Series Seed and Series A with our fund.

Meet our Fund Team.

Combining deep healthcare knowledge and a wealth of entrepreneurial experience, we are a team of investors, entrepreneurs, and business managers. Our shared passion lies in driving positive change for patients, ensuring enhanced experiences and improved outcomes.
  • ARIEL MACTAVISH

    Venture Partner

  • ERIC BEIER, MD, MBA

    Partner + Chief Medical Officer

  • OSCAR MORALEZ

    Founder + Managing Partner

  • Tejas Vijh

    Senior Investment Analyst

  • TONY PETRUCCIANI

    Partner + Chief Financial Officer

ARIEL MACTAVISH

Venture Partner

Ariel MacTavish, a Venture Partner at Boomerang Ventures, focuses on expanding the company’s reach in the West region MedTech ecosystem, and her advisory role will extend across deal sourcing, diligence, portfolio management, strategic partnerships, and mentoring founders.

She positions business units for sustainable growth and long-term profitability within the healthcare technology, life sciences, and medical device spaces. A respected healthcare executive, Ariel is known for advising on and leading key aspects of corporate acquisitions and large-scale integrations and developing strategies to expand and stabilize operations.

Ariel has been a strategic driving force behind commercializing several medical device products worldwide and managing specialty business units across multiple categories, such as surgical, cardiovascular, diagnostics, and respiratory.

In 2021, Ariel joined the Board of Directors at Boomerang Studio, a health tech venture capital organization focused on funding, building, and launching healthcare and life sciences companies. In this capacity, she draws from her expertise to assess the viability and risk of potential business opportunities.

From 2012 to 2024, Ariel held several roles in Medtronic’s Respiratory Interventions division (formerly Covidien). She served as president of the operating unit from 2019 to 2024, where she steered operations for the ~$1B business unit while managing 400+ staff. In 2022, she was invited to join Medtronic’s Global Officers’ Group to provide transformative leadership and drive organizational growth worldwide. Amid the COVID-19 pandemic, Ariel guided the RI division through triple-digit growth and major marketplace changes, meeting the unprecedented demand for ventilator products. Under her leadership, the operating unit received the 2021 Medtronic Peak Performance Award for its scaled growth and Fast Company’s 2021 World-Changing Ideas Award for Pandemic Response.

Ariel spearheaded Medtronic’s acquisitions of Aircraft Medical in 2017 and SonarMed in 2020 after she uncovered the opportunity, led negotiations and the due diligence process, and managed the integration. Following the transactions, revenue in Aircraft Medical increased from less than $20M to $85M and continues to grow at double-digit rates.

Prior to her tenure at Medtronic, Ariel held several senior-level roles at Johnson & Johnson, including Worldwide Director of Marketing, Assay, & Brand for Ortho Clinical Diagnostics, where she defined global marketing and brand strategy for a $680M pipeline. As US Director of Marketing for Wound Closure, Ariel created business plans and consistently achieved revenue targets exceeding $620M. In her first role at J&J, as Manager of Regulatory Affairs, Ariel partnered with physician advisory groups and the FDA to develop clinical protocols and regulatory strategies.

Ariel is a champion for advancing diversity, equity, and inclusion, staff mentoring, and talent development. She founded and sponsors the director-level hub in Medtronic’s Women’s Network ERG, which has strengthened engagement, enabled succession planning, and established a supportive, empowering culture for women as they advance in their careers.

Ariel holds an MBA in international marketing from the University of South Carolina and a bachelor’s degree in history from Dartmouth College. She also serves as a mentor and volunteer for Greenhouse Scholars.

ERIC BEIER, MD, MBA

Partner + Chief Medical Officer

Eric Beier brings his extensive leadership experience as both a physician entrepreneur and investor to his position as Partner and Chief Medical Officer at Boomerang Ventures.

Eric, who joined Boomerang in 2020, has over 25 years of experience spearheading strategic collaborations, leading high-performance teams, and achieving targeted organizational results.

Previously, Eric was the startup Chief Executive Officer of two physician revenue cycle management companies, achieving successful exits from both. In his role as CEO of the firm he founded, MedOptima, he also helped launch and manage three physician practices.

Eric also was the startup CEO for Matrix-Bio Inc., a Purdue tech transfer cancer diagnostics company that raised over $1.3 million in angel capital and negotiated a seven-figure commercialization development agreement with Quest Diagnostics.

He has made over 25 angel and private equity investments and founded the Fort Wayne chapter of VisionTech Angels.

Early career positions included product line manager for cardiovascular diagnostics at Boehringer Mannheim Corporation (now part of Roche Diagnostics) and practicing as an emergency physician in northeast Indiana.

Eric graduated summa cum laude with a Bachelor of Arts degree in Chemistry from Hanover College. He earned his medical degree from the Indiana University School of Medicine and an MBA from the University of Michigan.

OSCAR MORALEZ

Founder + Managing Partner

Oscar Moralez, a serial entrepreneur, mentor/coach, educator, and venture capital investor, co-founded Boomerang Ventures in 2019, an Indianapolis-based growth-stage venture capital firm focusing on technology companies in health care and the life sciences.

A year later, Oscar formed the Boomerang Studio, a diverse team of successful founders and entrepreneurs to serve as advisers, mentors, strategists, and guides to new founders and entrepreneurs.

He is also the founder and managing director of VisionTech Partners / VisionTech Angels, which launched in 2009. VisionTech Angels is among the Midwest’s most active angel investing networks. In 2002, Oscar founded BioStorage Technologies Inc. in Indianapolis and served as Chief Operating Officer. BioStorage was acquired in December 2015 by Brooks Automation (NASDAQ: BRKS), and the company is now part of the Brooks Life Sciences division. Prior to BioStorage, Oscar worked in various executive management roles in health care with Covance Clinical Laboratories, Mayo Medical Laboratories, and Boulder Community Hospital.

In addition to his experience with startups, investing and capital formation, Oscar’s background includes more than 30 years of technical, operations, and management experience in the healthcare and life sciences sectors.

He currently serves on the board of GeoH, Inc. and has served in the past as a director for OrthoPediatrics, SonarMed, Apricity, BoxFox, The Venture Club of Indiana, The Speak Easy, Leaf Software Solutions, and the Indiana Center for Biomedical Innovation. Oscar is a regular speaker and presenter at universities across Indiana and serves as a mentor, coach, and judge for regional accelerators in the Midwest.

He earned a Bachelor of Science degree in Medical Technology from the University of Texas Southwestern Medical Center at Dallas and an MBA from the Leeds School of Business at the University of Colorado in Boulder.

Tejas Vijh

Senior Investment Analyst

TONY PETRUCCIANI

Partner + Chief Financial Officer

Tony Petrucciani has been an entrepreneur since 1985 when he founded a software company serving manufacturers and service management organizations during his senior year of college. Over the next two-and-a-half decades, he grew Single Source Systems, Inc. to more than 1,000 customers in 29 countries. This led to a successful exit in 2011 when Infor, a global enterprise software firm acquired the Infor-related assets of the company. Tony granted equity in Single Source Systems to his remaining employees and continues in a coaching role as they regrow the organization. In 2014, Tony joined VisionTech Partners as a managing partner. VisionTech Angels is among the Midwest’s most active angel investing networks, with more than 40 portfolio companies and some $20 million in invested capital.

Tony brings technology, sales, management, and analytical experience to the Boomerang team. He currently serves on nine boards.  He earned a Bachelor of Science  in computer science and Spanish from Ball State University and is a graduate of The Entrepreneurial Masters Program, an entrepreneurial executive leadership program sponsored by MIT University and INC Magazine. He led Single Source Systems to two appearances on the Inc 500 list of fastest growing companies in America and was recognized among Indianapolis’ 40 under 40 by the Indianapolis Business Journal. Tony enjoys investing in and mentoring startup companies, keeping up with technology, problem solving and golf, sometimes all at the same time.

Our extensive deal flow network, capital partners, and other critical relationships ensure that we can find and support the best opportunities in the Midwest.

Boomerang Ventures
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