Investor profile

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Baleon Capital

VC

USHealthtechB2B SaaSAI/MLFintechEnterprise

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Investment thesis

Baleon Capital focuses on supporting founders in early-growth stage B2B companies across healthcare technology and tech-enabled business services. The firm targets SaaS enterprises generating $1M–$10M in annual revenue with 50–100% year-over-year growth, deploying $1M–$10M per investment across a small, concentrated portfolio of fewer than 10 companies per fund. Approximately 50% of investment capital is allocated to healthcare, where the firm sees significant opportunity in data management, interoperability, payment systems, and care outcomes improvement. Founded in 2020 by Jon Kaiden and Shane Kim — both with investment careers dating to the late 1990s — Baleon offers more than capital: it provides comprehensive operational support, strategic guidance, and access to a proprietary advisory network. The firm's approach is patient and founder-aligned, deploying capital precisely when needed and collaborating with founders on optimal exit timing, targeting 5–10x returns on invested capital.

Notable quotes

Baleon Capital was created to serve as the premier early-stage investor that is squarely focused on working with Founders to build great businesses. Over my 30-year career, I haven't seen an investor as committed and dedicated to success as Baleon. I strive for the highest returns for all constituents by focusing on what matters most: the people.

Jon Kaiden · https://baleoncapital.com/our-story/

Jon and I had a shared vision of building a unique investment firm that focuses on collaboration and strategic thinking. We are creating an atmosphere in which investors, management teams, and employees are striving for excellence and continuously building towards a common goal.

Shane Kim · https://baleoncapital.com/our-story/

Any time you're building something, you need to surround yourself with people that actually do things and actually execute. Talk is really cheap.

Shane Kim · https://www.linkedin.com/company/baleon-capital

Team

Jon Kaiden

Chairman and Managing Partner

HealthtechB2B SaaSEnterprise

Shane Kim

Managing Partner

FintechHealthtechB2B SaaS

Thomas Karsten

Chief Financial Officer

Jeff Schwartz

Chief Operating Officer

Kevin Scoby

Principal

HealthtechB2B SaaS

Alon Polischuk

Vice President

HealthtechAI/ML

Recent investments

CompanyRoundSizeDate
AirweaveSeed$6m2025-07-01
TRAVARASSeed$2m2025-05-01
Cyberhill PartnersSeed2026-01-29
Equals 5Seed2025-02-12
ShadowboxSeries A$6m2022-10-24
Mantra HealthSeries A$22m2022-01-01
ClearstepGrowth
EquipifiGrowth
Lifelink SystemsGrowth
SayvantGrowth

Frequent co-investors

Fit check

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