Investing in the modernization of health + care.
We are a founder-first fund, backing pre-seed and seed stage entrepreneurs building category-defining healthcare companies.
Our Why
The quality of our health dictates the quality of our lives. Supporting founders with audacious visions to improve it is the reason we wake up every day.
Life is short. Build something that matters.
"Better health is the highest form of human progress. We're here to back the founders coding it into our future."
We Invest in the Software Layer of Health.
We're compelled by businesses that make healthcare work better, cost less, and operate more humanely.
Not Our Wheelhouse
Headwater Ventures focuses exclusively on the software layer of health because that's where we can add the most value. Our team's deep expertise is with payers, providers, health benefits, and the data infrastructure that connects them. As such, we are not the right partners for founders in pharma, biotech, med tech, or life sciences.
Portfolio
We are privileged to partner with the founders building these transformative companies.
A Founder's Perspective
Matt Miller, PhD
Founder / Partner
Matt's perspective is shaped by a rare combination of disciplines. As a PhD in Behavior Science and a mental health professional, he brings a deep understanding of human behavior to healthcare innovation. He's also been in the trenches as a multi-time healthtech founder and a systems-level healthcare operator.
His experience leading digital health accelerators for Techstars and UnitedHealth Group, combined with an investment portfolio of 200+ startups, is focused on a single goal: backing founders who are making the health system better for everyone.
Outside of investing, Matt is busy being a father of two young kids, an aspiring craftsman, and an ultra trail runner - all fueled by a deep appreciation for spicy food capable of melting his Minnesotan tastebuds.