Investor profile
Catalyst by Wellstar
CVC
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Catalyst by Wellstar is the first-of-its-kind innovation company and venture firm created and operated within a health ecosystem to holistically address healthcare disruption by harnessing problems, building solutions, deploying capital, and establishing strategic partnerships across industries. Grounded in the thesis that 'not all healthcare problems are solved by healthcare solutions,' Catalyst invests in real-world, revolutionary ideas from across industries — spanning customer experience, data analytics and security, digital health, future of work, supply chain/logistics/mobility, and sustainability — to solve big healthcare and corporate challenges. The $100 million fund, the largest early-stage multi-sector healthcare corporate venture fund in the country, targets pre-seed to Series A startups and also invests indirectly in 150+ startups through LP positions in venture and growth equity funds.
Notable quotes
“Wellstar's long history of innovation and world-class care uniquely positions Catalyst to mentor and grow startups. In these challenging times, we need bold innovations and those closest to the patient driving the changes that will make the most difference for each patient, our communities, and the healthcare industry.”
“Here's the deal. It's not about deals. It's about making a difference. Catalyst by Wellstar is making a bold leap forward to build a healthier future for all by creating a new mechanism to deliver on the Wellstar Health System mission of enhancing the well-being of every person.”
“Not all healthcare problems are solved by healthcare solutions. We love looking at other industries to see who's doing what and then seeing how we can apply it back to the experience for our team members and for our patients.”
Team
Hank Capps, MD, FAAFP
President, Catalyst by Wellstar; EVP & Chief Information and Digital Officer, Wellstar Health System
Jason Stevens, JD
Head of Agility
Stefanie Diaz, MBA
Sr. Manager, Venture
Eddie Chen, MPH
Innovation Manager
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Polysight | Early Stage VC | — | 2025-11-01 |
| Mae | Early Stage VC | — | 2025-10-09 |
| CalmWave | Early Stage VC | — | 2025-06-26 |
| Gradient Health | Early Stage VC | — | 2025-04-02 |
| Ferrum Health | Series A | $16m | 2024-09-19 |
| RIF Robotics | Seed | — | 2023-10-01 |
| Marani Health | Seed | $475k | 2023-05-18 |
| 410 Medical | Seed | — | 2023-05-18 |
| Moth+Flame | Seed | — | 2022-01-01 |
| Engage | LP Investment | $3m | 2021-01-01 |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| Engage VC | 5 |
| Foundry | 1 |
| Headwaters Ventures | 1 |
| UnitedHealthcare Accelerator | 1 |
| Goodie Nation | 1 |
| Noro-Moseley Partners | 1 |
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