The medical equipment maintenance industry in the US plays a critical role in ensuring the efficiency and reliability of healthcare services. Companies in this sector focus on the upkeep, repair, and servicing of various medical devices and equipment, including imaging machines, surgical instruments, and monitoring systems. As healthcare technology rapidly evolves, the demand for expert maintenance solutions is on the rise, driven by factors like increased healthcare regulations and the aging population. Notably, advancements in predictive maintenance and remote monitoring technologies are reshaping the industry, making it an attractive area for innovation and investment.


The roster of top medical equipment maintenance investors showcases a mix of venture capital, private equity, and corporate firms. Headquartered mainly in key markets like New York, California, and Minnesota, these investors vary in size from small firms to substantial multinationals, each making significant strides in this vital sector. Founded between 1941 and 2023, these investors made a collective total of over 1,300 investments in 2024, targeting companies engaged in the maintenance of crucial medical technologies. Their focus underscores emerging trends and opportunities within this important industry.


Top 16 Medical Equipment Maintenance Investors in the US


1. Y Combinator

  • Website: ycombinator.com
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2005
  • Headcount: 51-200
  • Number of deals in 2024: 802
  • LinkedIn: y-combinator

Y Combinator is a prominent startup accelerator and venture capital firm based in San Francisco, California, founded in 2005. It provides funding and mentorship to early-stage technology companies, helping entrepreneurs launch and grow their businesses through structured programs and resources. Y Combinator has successfully launched over 4,000 startups, making it a key player in the technology startup ecosystem. Among its investments, Y Combinator has backed companies like iSono Health, which focuses on medical imaging technology, and Allotrope Medical, which is involved in medical device innovation. These transactions highlight Y Combinator's engagement in the medical technology sector, particularly in areas that could relate to medical equipment maintenance.


2. Plug and Play Tech Center


Plug and Play Tech Center is an innovation hub and venture capital firm based in Sunnyvale, California, founded in 2006. They connect startups with corporations to foster growth and innovation, offering various programs including accelerator initiatives and investment opportunities. In 2024 alone, they made 253 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they invested in MediView XR, a medical device company that raised $4.5 million in seed funding, highlighting their engagement in the medical technology sector. Other relevant investments include Siren Care and Senseye, which also indicate their involvement in healthcare-related startups. This diverse portfolio positions Plug and Play as a significant player in the technology sector, with potential implications for medical equipment maintenance.


3. Sosv

  • Website: sosv.com
  • Type: Venture Capital
  • Headquarters: United States (USA)
  • Founded year: 1995
  • Headcount: 51-200
  • Number of deals in 2024: 170
  • LinkedIn: sosv

Sosv is a venture capital firm founded in 1995, based in the United States, that specializes in funding and supporting deep tech startups through its development programs. With a focus on health and climate technology, Sosv provides venture capital investment and resources to help startups grow and succeed. Notably, they have invested in Circadia Health, which has raised funds through multiple rounds, indicating a strong interest in health technology. Additionally, they have invested in XN Health, further emphasizing their commitment to the health sector. These transactions highlight Sosv's active role in supporting innovative health solutions, which may include aspects of medical equipment maintenance.


4. OrbiMed

  • Website: orbimed.com
  • Type: Venture Capital
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1989
  • Headcount: 51-200
  • Number of deals in 2024: 52
  • LinkedIn: orbimed-advisors

OrbiMed is an investment firm based in New York, specializing in healthcare investments. Founded in 1989, it manages approximately $17 billion in assets across various investment strategies. OrbiMed focuses on biopharmaceuticals, medical devices, and healthcare services, providing capital to companies that drive innovation in the healthcare sector. Notable transactions include a $35 million financing round for OmniGuide, a medical device company known for its advanced energy surgical products, and a $55 million investment in Magenta Medical, which is developing a miniaturized heart pump. These investments highlight OrbiMed's active role in the medical device industry, which is closely related to medical equipment maintenance.


5. New Enterprise Associates (NEA)

  • Website: nea.com
  • Type: Venture Capital
  • Headquarters: Menlo Park, California, United States (USA)
  • Founded year: 1977
  • Headcount: 51-200
  • Number of deals in 2024: 57
  • LinkedIn: new-enterprise-associates

New Enterprise Associates (NEA) is a prominent venture capital firm based in Menlo Park, California, founded in 1977. NEA specializes in investment management and advisory services for startups, particularly in the technology and healthcare sectors. The firm partners with entrepreneurs to provide funding and strategic guidance, helping them navigate the challenges of building successful businesses. NEA operates through a collaborative approach, emphasizing long-term relationships with founders. Notably, NEA has been involved in significant transactions within the medical equipment space, such as their investments in Cartiva, which raised funds to support the development of medical solutions for joint pain, and VertiFlex, a company focused on minimally invasive spinal interventions. These investments highlight NEA's commitment to advancing healthcare technologies, including medical equipment maintenance.


6. Deep Tech Fund (an Alumni Ventures Fund)

  • Website: av.vc
  • Type: Venture Capital
  • Headquarters: Manchester, New Hampshire, United States (USA)
  • Founded year: 2023
  • Headcount: 51-200
  • Number of deals in 2024: 258
  • LinkedIn: deep-tech-fund-av-focused-fund

Deep Tech Fund (an Alumni Ventures Fund) is a venture capital firm based in Manchester, New Hampshire, founded in 2023. It provides accredited investors and institutions with access to professionally-managed, diversified venture portfolios, leveraging a network of over 10,000 investors to connect them with high-quality investment opportunities in the startup ecosystem. The fund has been involved in several notable transactions, including investments in Parachute Health, which focuses on healthcare logistics, and Leo Cancer Care, which is advancing upright radiation therapy technology. These investments highlight the fund's engagement in the medical technology sector, suggesting a potential interest in medical equipment maintenance as part of its broader investment strategy.


7. Medtronic

  • Website: medtronic.com
  • Type: Corporate
  • Headquarters: Minneapolis, Minnesota, United States (USA)
  • Founded year: 1949
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: medtronic

Medtronic plc is a prominent medical device company founded in 1949, headquartered in Minneapolis, Minnesota. With over 10,000 employees, Medtronic develops and manufactures innovative healthcare technologies and therapies aimed at improving health outcomes for patients globally. The company has made significant acquisitions to enhance its portfolio, including Physio-Control in 1998, which specializes in emergency medical equipment, and NGC Medical S.p.A. in 2014, which strengthens their hospital solutions. Additionally, Medtronic's acquisition of Mazor Robotics in 2018 for $1.7 billion highlights their commitment to advancing surgical technologies. These transactions reflect Medtronic's strategic focus on expanding its capabilities in medical equipment, which inherently includes maintenance and support services for the devices they produce and manage.


8. Silicon Valley Bank

  • Website: svb.com
  • Type: Venture Capital
  • Headquarters: Santa Clara, California, United States (USA)
  • Founded year: 1983
  • Headcount: 5001-10000
  • Number of deals in 2024: 31
  • LinkedIn: silicon-valley-bank

Silicon Valley Bank is a commercial bank founded in 1983, located in Santa Clara, California, specializing in providing financial services to the innovation economy, particularly tech startups and venture capital firms. They offer a range of products including business banking, global payments, and asset management, helping clients navigate financial challenges and support their growth. Notably, SVB has been involved in several significant transactions within the medical technology sector, such as providing debt financing to Cartiva, which raised $1.5 million in 2014, and Apama Medical, which raised $6.5 million in 2016. Additionally, they participated in a Series D round for Providence Medical Technology, which raised $12 million in 2015, and provided post-IPO debt financing to Spectranetics, raising $110 million in 2015. These transactions highlight SVB's active role in supporting companies that are integral to the medical equipment maintenance industry.


9. 500 Global

  • Website: 500.co
  • Type: Venture Capital
  • Headquarters: San Francisco, California, United States (USA)
  • Founded year: 2010
  • Headcount: 201-500
  • Number of deals in 2024: 98
  • LinkedIn: 500-startups

500 Global is a venture capital firm and startup accelerator based in San Francisco, California, founded in 2010. The firm specializes in investing in early-stage technology companies, providing funding, mentorship, and resources to help founders scale their businesses. In 2024, 500 Global has made 98 investments, showcasing their active role in the venture capital landscape. Among their notable transactions, they invested in VIA Global Health, which raised funds to enhance access to medical equipment and supplies, a critical aspect of medical equipment maintenance. Additionally, they have supported Siren Care, a company that creates smart fabric wearables designed to monitor health conditions, particularly for diabetes patients. This focus on healthcare technology and innovative solutions positions 500 Global as a relevant player in the medical equipment maintenance industry.


10. The Riverside Company


The Riverside Company is a private equity investment firm based in New York, specializing in providing flexible capital solutions and strategic guidance to smaller middle-market businesses across various industries. Founded in 1988, Riverside manages a diverse portfolio of over 140 companies globally. Notably, Riverside has made significant investments in the medical equipment sector, including the acquisition of BeaconMedaes in 2002, which specializes in medical gas and vacuum systems, and Censis Technologies in 2014, a company focused on surgical instrument tracking and management. Additionally, their acquisition of Independent Living Specialists in 2020 highlights their commitment to the mobility equipment market, driven by the needs of an aging population. These transactions underscore Riverside's active role in the medical equipment maintenance industry, making them a notable investor in this space.


11. Kkr

  • Website: kkr.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1976
  • Headcount: 1001-5000
  • Number of deals in 2024: 74
  • LinkedIn: kkr

KKR & Co. Inc. is a prominent investment firm based in New York, specializing in private equity, credit, infrastructure, and real estate. Founded in 1976, KKR has established itself as a global leader in asset management, providing tailored solutions to institutional investors and individual clients. Among their notable transactions in the healthcare sector, KKR has invested in AcuFocus, which raised $66 million in a financing round led by KKR, indicating their commitment to advancing medical technology. Additionally, KKR is a shareholder in PHC Holdings, a Japan-based healthcare company, which received significant investment from L Catterton and includes KKR among its investors. These transactions highlight KKR's active role in the medical equipment and healthcare industry, reinforcing their relevance as an investor in medical equipment maintenance.


12. Advantage Capital


Advantage Capital is a venture capital investment firm based in New Orleans, Louisiana, founded in 1992. The firm specializes in providing equity and debt financing to small businesses across various sectors, including agribusiness, solar projects, and affordable housing. Notably, Advantage Capital has made significant investments in the medical equipment sector, with transactions such as Orthotech Sports Medical Equipment, which raised $3,245,000 in debt financing in 2016 and an undisclosed amount in 2015. Additionally, they have invested in Hygia Health Services, which raised $1,600,000 in debt financing in 2013 and $3,500,000 in Series A funding in 2011. These transactions highlight Advantage Capital's commitment to supporting businesses in the medical equipment field, particularly those that may be focused on maintenance and service aspects.


13. Stryker

  • Website: stryker.com
  • Type: Corporate
  • Headquarters: Kalamazoo, Michigan, United States (USA)
  • Founded year: 1941
  • Headcount: 10001+
  • Number of deals in 2024: 5
  • LinkedIn: stryker

Stryker Corporation is a leading medical technology company based in Kalamazoo, Michigan, founded in 1941. The company specializes in manufacturing a diverse range of medical devices and equipment, including surgical instruments and implants, serving healthcare providers globally. Stryker has made several significant acquisitions to enhance its product offerings and market position. Notably, they acquired Physio-Control, which specializes in monitors and defibrillators, and Novadaq Technologies, which focuses on advanced imaging solutions. In 2018, Stryker acquired Hygia Health Services, a company dedicated to single-use device reprocessing, which is directly relevant to medical equipment maintenance. This acquisition aims to improve sustainability in healthcare while providing cost savings to customers, highlighting Stryker's commitment to the maintenance and reprocessing of medical devices. Overall, Stryker's strategic acquisitions and focus on innovative medical solutions position them as a key player in the medical equipment maintenance industry.


14. Goldman Sachs

  • Website: goldmansachs.com
  • Type: Private Equity
  • Headquarters: New York, New York, United States (USA)
  • Founded year: 1998
  • Headcount: 10001+
  • Number of deals in 2024: 59
  • LinkedIn: goldman-sachs

Goldman Sachs is a prominent investment bank and financial services firm founded in 1998, headquartered in New York, New York. The firm provides a wide range of services including investment banking, asset management, and wealth management, catering to a diverse clientele that includes corporations, financial institutions, and individuals. In the context of medical equipment, Goldman Sachs has made significant investments in companies such as BPL Medical Technologies, which raised $14.2 million in 2017 and $20 million in 2013, indicating their support for medical technology development. Additionally, they invested $37 million in Venus MedTech in 2016, further demonstrating their engagement in the medical equipment sector. These transactions highlight Goldman Sachs' role as an investor in the medical equipment maintenance industry, as they back companies that are integral to this field.


15. Oxford Finance LLC

  • Website: oxfordfinance.com
  • Type: Corporate
  • Headquarters: Alexandria, Virginia, United States (USA)
  • Founded year: 2002
  • Headcount: 51-200
  • Number of deals in 2024: 2
  • LinkedIn: oxford-finance-llc

Oxford Finance LLC is a corporate investor based in Alexandria, Virginia, founded in 2002. The firm specializes in providing flexible lending solutions to middle-market companies, particularly in the life sciences and healthcare sectors. They offer a variety of financial products, including enterprise lending, leveraged lending, and real estate financing. Notably, Oxford Finance has been involved in several significant transactions within the medical equipment space, such as providing $10 million in debt financing to LENSAR, a company focused on advanced laser technology for cataract surgery, and $15 million to AlterG, which develops anti-gravity treadmills for rehabilitation. Additionally, they supported MolecuLight with $7.5 million in debt financing, a company that specializes in imaging technology for wound care. Their investment in SuperDimension, which raised $24.8 million, and Conventus Orthopaedics, which secured $10 million, further highlights their active role in financing companies that are integral to the medical equipment industry.


16. General Catalyst


General Catalyst is a venture capital firm founded in 2000, based in San Francisco, California. The firm specializes in early-stage and growth investments, providing capital and strategic guidance to startups and growth-stage companies across various industries, including technology and healthcare. Notable transactions include their investment in Aidoc, an Israeli medical imaging company that raised $66 million in a Series C funding round, aimed at expanding its AI-driven solutions for medical imaging. Additionally, General Catalyst participated in the Series D financing of DC Devices, which is developing a transcatheter device for treating diastolic heart failure. These investments highlight their commitment to supporting innovative healthcare solutions, which are crucial for the medical equipment maintenance sector.



Medical Equipment Maintenance Insights: Key Investors in the US


InvestorHeadquarterSizeFoundedDeals 2024
Y CombinatorSan Francisco, California, United States (USA)51-2002005802
Plug and Play Tech CenterSunnyvale, California, United States (USA)501-10002006253
SosvUnited States (USA)51-2001995170
OrbiMedNew York, New York, United States (USA)51-200198952
New Enterprise Associates (NEA)Menlo Park, California, United States (USA)51-200197757
Deep Tech Fund (an Alumni Ventures Fund)Manchester, New Hampshire, United States (USA)51-2002023258
MedtronicMinneapolis, Minnesota, United States (USA)10001+19492
Silicon Valley BankSanta Clara, California, United States (USA)5001-10000198331
500 GlobalSan Francisco, California, United States (USA)201-500201098
The Riverside CompanyNew York, New York, United States (USA)201-500198812
KkrNew York, New York, United States (USA)1001-5000197674
Advantage CapitalNew Orleans, Louisiana, United States (USA)51-20019925
StrykerKalamazoo, Michigan, United States (USA)10001+19415
Goldman SachsNew York, New York, United States (USA)10001+199859
Oxford Finance LLCAlexandria, Virginia, United States (USA)51-20020022
General CatalystSan Francisco, California, United States (USA)51-2002000144


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