Craig Scherer

Founded in 2024, MedTech Angels is a dynamic angel investment group dedicated to funding and supporting the innovative ideas shaping the future of medical technology. We pride ourselves on being active, hands-on investors, partnering closely with visionary entrepreneurs to drive meaningful advancements in healthcare. Our primary focus is on early-stage investments, targeting Pre-Seed, Seed, and selectively Series A funding rounds. With a commitment to fostering innovation, MedTech Angels aims to invest in 8-12 promising companies annually. Global Reach We embrace opportunities across the USA, Europe, and Israel, recognizing that groundbreaking medical device innovations can emerge from any corner of the globe. Investment Focus MedTech Angels exclusively invests in medical devices, maintaining a broad interest across all classes, indications, and modalities. While we remain agnostic regarding specific device categories, our focus is firmly rooted in tangible medical technologies. As a group of experienced and passionate investors, we are committed to driving transformative changes in healthcare by empowering visionary MedTech startups. If you’re looking for a partner to help turn your innovative ideas into reality, MedTech Angels is here to help you make an impact.

A new program of Illinois Ventures, the Angel network is a powerful cohort of University of Illinois alumni investors – a network that brings decades of experience in investing, innovating, building strong companies, establishing connections, and encouraging the highest-impact relationships. This network of alumni from all three universities invests in and supports the most exciting startups that have Illinois in their DNA.

I mentor early-stage MedTech/health tech companies to help them progress toward viability, attract investment, and connect with experts and OEMs. My core areas of expertise are in: - Creating effective communication strategies and marketing assets that speak to investors - Coaching founders on delivering effective presentations and compelling pitches - Advising teams on medical device and user experience design best practices including human factors processes and FDA interactions - Connecting these teams with KOLs, technical and business advisors, and industry strategics Companies that I advise and/or invest in: - Madison Scientific - Briteseed - Innoblative - Encapsulate - Intuitap - EDGe Surgical - Auvi Labs - Beyond Barriers Therapeutics - Second Chance Innovations - InvoGenix - SakuraMed - Pleural Dynamics - TopTier Lessons

Founded in 2024, MedTech Angels is a dynamic angel investment group dedicated to funding and supporting the innovative ideas shaping the future of medical technology. We pride ourselves on being active, hands-on investors, partnering closely with visionary entrepreneurs to drive meaningful advancements in healthcare. Our primary focus is on early-stage investments, targeting Pre-Seed, Seed, and selectively Series A funding rounds. With a commitment to fostering innovation, MedTech Angels aims to invest in 8-12 promising companies annually. Global Reach We embrace opportunities across the USA, Europe, and Israel, recognizing that groundbreaking medical device innovations can emerge from any corner of the globe. Investment Focus MedTech Angels exclusively invests in medical devices, maintaining a broad interest across all classes, indications, and modalities. While we remain agnostic regarding specific device categories, our focus is firmly rooted in tangible medical technologies. As a group of experienced and passionate investors, we are committed to driving transformative changes in healthcare by empowering visionary MedTech startups. If you’re looking for a partner to help turn your innovative ideas into reality, MedTech Angels is here to help you make an impact.

Endeavor Health℠ is a Chicagoland-based integrated health system driven by our mission to help everyone in our communities be their best. As Illinois’ third-largest health system and third-largest medical group, we proudly serve an area of more than 4.1 million residents across seven northeast Illinois counties. Our more than 28,300 team members, including more than 1,900 employed physicians, are the heart of our organization, delivering seamless access to personalized, pioneering, world-class patient care across more than 300 ambulatory locations and nine hospitals, including eight Magnet-recognized acute care hospitals – Edward (Naperville), Elmhurst, Evanston, Glenbrook (Glenview), Highland Park, Northwest Community (Arlington Heights), Skokie and Swedish (Chicago) and Linden Oaks Behavioral Health Hospital (Naperville). Terms of use: endeavorhealth.org/terms-of-use

A new program of Illinois Ventures, the Angel network is a powerful cohort of University of Illinois alumni investors – a network that brings decades of experience in investing, innovating, building strong companies, establishing connections, and encouraging the highest-impact relationships. This network of alumni from all three universities invests in and supports the most exciting startups that have Illinois in their DNA.

I mentor early-stage MedTech/health tech companies to help them progress toward viability, attract investment, and connect with experts and OEMs. My core areas of expertise are in: - Creating effective communication strategies and marketing assets that speak to investors - Coaching founders on delivering effective presentations and compelling pitches - Advising teams on medical device and user experience design best practices including human factors processes and FDA interactions - Connecting these teams with KOLs, technical and business advisors, and industry strategics Companies that I advise and/or invest in: - Madison Scientific - Briteseed - Innoblative - Encapsulate - Intuitap - EDGe Surgical - Auvi Labs - Beyond Barriers Therapeutics - Second Chance Innovations - InvoGenix - SakuraMed - Pleural Dynamics - TopTier Lessons

Insight Ventures provides management support, mentorship, and investment in numerous very promising, early-stage medical technology companies Including: Encapsulate, Inc. www.encapsulate.bio Encapsulate provides fully automated tumoroid-on-a-chip systems that measure the clinical response profile of cancer patients on a personalized level. We screen microtumors derived from patient biopsies against existing clinical treatment regimens and generate personalized insights to guide treatments in under 7 days. Briteseed: www.briteseed.com Delivering the first hyperspectral imaging technology integrated into laparoscopic and robotic surgical tools. This platform will provide real-time sensing of critical structures to improve safety and outcomes of surgical procedures. Innoblative Designs: www.innoblative.com Addressing clinical unmet needs for patients with breast cancer and other soft tissue disease, received Breakthrough Device Designation from the FDA for the companys SIRA™ RFA Electrosurgical Device. The SIRA device is intended for use in breast cancer patients undergoing BCS, commonly referred to as lumpectomy. Intuitap Medical www.intuitapmedical.com Developing a new intuitive spinal tap system that eliminates the guesswork, frustration, and pain from spinal punctures. The current standard consists of high first attempt failure rates and relies on palpation technique to feel for the vertebrae and guess where to insert the needle often leading to multiple attempts for correct placement. EDGe Surgical www.edgesurgical.com EDGe Surgical is focused on developing and delivering products that deliver precision to healthcare professionals specializing in orthopedic trauma and spine surgery. The EDG® Ortho 65 – is the first and only single-use electronic depth gauge design to more accurately measure and safely place orthopedic surgical screws while mitigating bioburden contamination, a leading cause of surgical site infections.