About Medtech Wings
Medtech Wings, established in 2009, is an angel investment group based in Seattle, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 5 firms, spanning the HealthTech, Life Sciences sectors. Its most notable investments include companies like Cyrus Biotechnology, 2Morrow and Monitor Mask. As of Oct 2026, Medtech Wings has witnessed 1 portfolio exit. Its latest investment was a $500K Seed round in 2Morrow on Apr 01, 2016, which also saw participation from Alliance of Angels and Portland Seed Fund.
To date, 3 investors have co-invested in Medtech Wings's portfolio companies, including prominent names like The W Fund.
Key Metrics
Founded Year
2009
Location
Seattle, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Seed & Series A
Locations of Investment
Medtech Wings' List of All Investments
Medtech Wings has a portfolio of 5 companies. Their most notable investments are in H-Source and Monitor Mask.Their portfolio spans across and United States. They have invested in HealthTech, Life Sciences, Enterprise Applications and 1 other sectors, across stages such as Seed, Series A stages. Here is the list of all investments by Medtech Wings:Developer of cloud-based protein-modeling software for drug discovery. Their lead product, Cyrus Bench is a modified version of the open-source Rosetta molecular modeling software. Cyrus Bench delivers Rosetta with the complete associated array of bio-molecular computation tools (e.g. BLAST) required to use Rosetta to its full potential, along with a custom UI.
Key facts about Cyrus Biotechnology
- Founded Year: 2014
- Location: Seattle (United States)
- Stage: Series B
- Total Funding till date: $32M
- Employee Count: 16 as on Aug 31, 2026
- Investors: Agent Capital, iSelect Fund and 11 Others
- Latest Funding Round: Grant (prize money), Dec 20, 2024, $*****
- Highlight: Editors' Pick
2. 2Morrow
2Morrow offers an evidence-based smoking cessation program, SmartQuit that aims at improving the odds of quitting and can be used with or without nicotine replacement therapy. The program is delivered via a smartphone app.
Key facts about 2Morrow
- Founded Year: 2011
- Location: Kirkland (United States)
- Stage: Series A
- Total Funding till date: $4.5M
- Employee Count: 32 as on Aug 31, 2026
- Investors: Zelkova Ventures, Washington Research Foundation and 9 Others
- Latest Funding Round: Grant (prize money), Sep 19, 2024, $*****
3. Monitor Mask
Monitor Mask Inc. is a medical device company that manufactures, markets, and sells face mask solutions to provide CO2 sampling for sidestream capnography during sedation anesthesia. Its CapnoVue devices are designed for routine sedation, endoscopy, and ophthalmologic surgery with additional applications wherever capnography is used. Its products include CapnoVue M1 which is FDA cleared for face mask capnography in Adults, and Children, Capno Vue Scope which provides face mask oxygen and enables capnography when access to a patient's mouth may be required, such as during procedures in gastroenterology, pulmonary medicine, and cardiology, and CapnoVue Eye that fulfills capnography needs during ophthalmologic surgery
Key facts about Monitor Mask
- Founded Year: 2011
- Location: Seattle (United States)
- Stage: Series A
- Total Funding till date: $1.85M
- Investors: Keiretsu Forum, Keiretsu Forum and 1 Other
- Latest Funding Round: Conventional Debt, Dec 08, 2015, $*****
Provider of wearable rehabilitation device for stroke patients. Cadence Biomedical has developed Kickstart, a wearable rehabilitation device for patients recovering from stroke or spinal cord injury as well as those suffering from multiple sclerosis. The product helps patients walk, provides gait correction, and supports stability and alignment. Distribution partners include LM (Korea) and TruMedical Solutions (US).
Key facts about Cadence Biomedical
- Founded Year: 2007
- Location: Seattle (United States)
- Stage: Series B
- Total Funding till date: $2.83M
- Employee Count: 4 as on Aug 31, 2026
- Investors: Defense.gov, Alliance of Angels and 12 Others
- Latest Funding Round: Conventional Debt, Jun 09, 2016, $*****
5. H-Source
Healthcare supply chain platform optimizing procurement, sales, and transfer of medical assets. It is a member-based resource facilitating the private buying, selling, and transferring of capital equipment, medical devices, and pharmaceuticals between hospitals and medical entities. The cloud-based SaaS platform offers a user-friendly marketplace with advanced features like ERP system connections, data reporting, asset management, pricing strategy analysis, and warehouse management solutions. It leverages Blockchain technology for product tracking from manufacture to patient, ensuring supply chain security and eliminating counterfeit products. The platform also provides PPE solutions, connecting verified buyers and sellers globally to manage PPE needs efficiently. This innovative approach aims to create new efficiencies, reduce waste, and promote sustainability within the healthcare industry. The platform offers login, member login, free trial, subscription, and contact options.
Key facts about H-Source
- Founded Year: 2012
- Location: Spokane (United States)
- Annual Revenue: $1 - $1M as on Jun 17, 2014
- Stage: Public
- Total Funding till date: $2.19M
- Employee Count: 9 as on Dec 31, 2021
- Investors: Medtech Wings
- Latest Funding Round: Post IPO, Jul 26, 2019, $*****
- Highlight: Public
Medtech Wings' Investments by Stage
Medtech Wings has made 3 investments in Seed stage with an average round size of $462K and 2 investments in Series A stage with an average round size of $1.08M.Stage of entry | No. of Investments |
|---|---|
Seed | 3 |
Series A | 2 |
Note: We have considered here, only first round of investments
Medtech Wings' Investments by Sector
Medtech Wings has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Life Sciences, Consumer and Blockchain - Industry Applications. Notably, it has invested in 5 Tech companies, 4 Enterprise (B2B) companies, 4 Software companies and at least 2 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 3 |
HealthTech | 3 |
Life Sciences | 3 |
Consumer | 2 |
Blockchain - Industry Applications | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Medtech Wings' Investments by Geography
Medtech Wings has made most investments in United States (5).Medtech Wings' recent investments
Medtech Wings has not made any investment in 2026 so far.Here are the most recent investments by Medtech Wings:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 01, 2016 | United States | Seed | 9818 | [+1] | |
Dec 08, 2015 | United States | Series A | 6934 | - | |
May 06, 2015 | United States | Seed | 4007 | ||
Aug 26, 2014 | United States | Seed | 1069 | - | |
Feb 28, 2013 | United States | Series A | 5672 | [+6] |
IPOs and Publicly Listed companies in Medtech Wings' Portfolio
1 of Medtech Wings' portfolio company became public - H-Source. It got listed on the OTC Markets (OTCMKTS), in Feb 2016.Here are Medtech Wings' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 12, 2016 | Aug 26, 2014 | Seed | 3477 |
Team profile of Medtech Wings
Medtech Wings has a team of 3 members including 2 Partners located in United States. Medtech Wings' team does not sit on the board of any company as of now.Co-investors of Medtech Wings
Over the past 16 years, 25 investors have co-invested in Medtech Wings's portfolio companies. This includes only funds.
- Invested before Medtech Wings: Life Sciences Discovery Fund has invested before Medtech Wings.
- Top Co-investors of Medtech Wings: 3 investors entered a company along with Medtech Wings. These include investors like The W Fund (1 company).
- Invested after Medtech Wings: A total of 21 investors have invested in Medtech Wings's portfolio after their investments. Top Investors include Washington Research Foundation (2 companies) and HHS (2 companies).
Recent News related to Medtech Wings
•
Seattle startup looks to extinguish cigarette smoking, raises $500,000 for SmartQuit smoking cessation app – GeekWireGeekWire•Apr 26, 2016•2Morrow, Alliance of Angels, Portland Seed Fund, Medtech Wings
•
Cadence Biomedical scores $1.1 million to help people with disabilities walk – GeekWireGeekWire•Apr 26, 2012•Cadence Biomedical, HealthTech Capital, Sand Hill Angels, Tech Coast Angels and 5 others
