Top Massachusetts Healthcare Angel Investors

The healthcare sector remains one of the fastest and biggest growing sectors worldwide. Investors from all around the world love to find and boost healthcare ideas that look promising and have massive growth potential.

Likewise, Massachusetts is also home to two healthcare unicorns (Intelycare and Concert AI). The state’s Healthcare spending increased by 5.8% in 2022, which is the highest annual growth rate since records began in 2012, excluding the exceptional increase in 2021 due to the pandemic. In 2021, healthcare spending surged by 9% following a decrease of 2.3% in 2020.

So, ready to know who are the top-ranked angel investors in Massachusetts who boosted the healthcare scene?

Let’s get started!

Find Out The List of Top Angel Investors in Massachusetts Who Invest in Healthcare Startups

Tyler Wick

• Focused Sectors: Developer APIs, Information Services, Information Technology, SaaS, Software, Data Mining, Enterprise Software, Professional Services, Text Analytics, Advertising, Internet, Data Center, Virtualization, Real Estate, Content Creators, Content Marketing, Digital Media, Health Care, Wellness
• Present In: Massachusetts
• Notable Investments: Brash Entertainment, Thomsons Online Benefits, Airband Communications Holdings, Securus Technologies, NSM Insurance Group

Tyler Wick is an angel investor and Managing Director at Shore Points Capital, a private equity firm that focuses on middle-market industrial and service businesses. Before joining Shore Points, he worked as a Vice President at Summit Partners.

Wick invests in early-to-growth-stage startups. His investment preferences are centered around companies with scalable business models, experienced leadership teams, and innovative solutions that disrupt traditional industries.

Throughout his investment career, Tyler Wick has funded around 30 startups and most of his investments are from startup accelerators and fundraisers. His investment range lies between $500,000 and $5 million.

Julia Kuo Chen

• Focused Sectors: Delivery Service, E-Commerce, Food and Beverage, Online Portals, Hispanic / Latinx Founded, Women Founded, CRM, EdTech, Lead Generation, Marketing, Software, Employee Benefits, Human Resources, Insurance
• Present In: Massachusetts
• Notable Investments: Digital Marketing Institute, IBFX, PicMonkey, SurveyMonkey, Tenstreet, Ease, GoodRx, AllTrails, 180Solutions, Verisys Corporation, Vendavo.

Having invested in over 20 startups in the last 7 years, Julia Kuo Chen is a prominent healthcare and tech investor in Massachusetts. She is a Principal at Spectrum Equity, where she has worked since 2011.

When investing in startups, Julia typically prefers to invest in companies that exhibit strong growth potential, with a particular emphasis on sectors like software, data, and internet infrastructure. The investment range of Julia Kuo Chen lies between $500,000 to $1M.

Nicholas Scola

• Focused Sectors: Developer APIs, Information Services, Information Technology, SaaS, Software, Data Mining, Enterprise Software, Professional Services, Text Analytics, Advertising, Internet, Data Center, Virtualization, Real Estate, Content Creators, Content Marketing, Digital Media, Health Care, Wellness
• Notable Investments: Brash Entertainment, Thomsons Online Benefits, Airband Communications Holdings, Securus Technologies.

Nicholas Scola is an active early-stage investor. He invested in companies that demonstrate strong market potential and are developing unique solutions to deal with modern healthcare problems such as data management or disease relief.

Before becoming an angel investor, Nicholas worked at two prominent venture capital firms: TTV Capital and Valor Ventures.

Like most other investors, Nicholas Scola also makes his private investments through different startup events. He is known for attending annual summits, startup incubators, and accelerator events, funding around 3-4 startups every year.

Throughout the last decade, Scola has funded over 25 companies and has an investment range of around $500,000.

Joshua Nelson

• Focused Sectors: Enterprise Software, Logistics, Software, Supply Chain Management, Artificial Intelligence, Industrial Automation, Robotics, Finance, Financial Services, Wealth Management, Agriculture, Hardware, Elder Care, Health Care, Home Health Care, Information Technology,
• Present In: Massachusetts
• Notable Investments: Syneos Health, Acorns, Phytech, Guaranteed Rate, Seniorlink, Auction.com (a Ten-X Company), Ashling Partners.

Joshua Nelson is also a prominent angel investor with a strong focus on healthcare-related startups. He has been a Managing Director and Head of the Healthcare Vertical at Thomas H. Lee Partners since 2003. Before this, he held roles at JPMorgan Partners (the private equity arm of JPMorgan Chase), McKinsey & Co., and The Beacon Group, LLC.

Joshua mostly invests in companies that offer innovative solutions in healthcare and life sciences. He invests in growth-stage startups and later-stage companies, looking for those with a proven track record of market potential and scalability.

The investment range of Joshua Nelson is between $200,000 to $2M.

Ross Jones

• Focused Sectors: Cloud Computing, Cloud Infrastructure, Data Center, Information Technology, Private Cloud, Beauty, Consumer Goods, Cosmetics, Big Data, Cloud Management, Data Center Automation, Hardware, Software, Biotechnology,
• Present In: Massachusetts
• Notable Investments: Kendra Scott Design, Parts Town, Engineering Solutions & Products, Crown Castle, CityNet Telecommunications.

Ross Jones is an angel investor and also the Managing Director at Berkshire Partners, where he focuses on consumer, communications, and digital infrastructure sectors.

Jones invests in early and growth-stage companies. He looks for companies that can at least generate 4x ROI and are led by experienced founders. Jones also evaluates the strategic fit of businesses within their sectors.

The average check size of Ross Jones is around $1.5M.

David Skok

• Focused Sectors: Healthcare, E-Learning, EBooks, Education, Software, Accounting, Apps, Financial Services, FinTech, Personal Finance, Artificial Intelligence, Hardware, Machine Learning, Real Estate
• Present In: Massachusetts
• Notable Investments: CloudSwitch, HubSpot, Tabblo, Zendesk, GrabCAD, SumAll, Empirical Systems, OpenSpa.

David Skok is a renowned angel investor and General Partner at Matrix Partners. He has been investing in startups since the early 2000s, with around 15 investments.

Before joining Matrix Partners, Skok was a serial entrepreneur. He founded four successful companies, including Watermark Software, which was acquired by FileNet (later acquired by IBM).

Likewise, Skok looks for companies that solve real business problems, have strong product-market fit, and demonstrate potential for long-term customer retention. He loves to back startups that have strong founding teams with a deep understanding of their market and chances of higher ROI.

The investment range of David Skok lies between $100,000 to $2M.

Jon Lemelman

• Focused Sectors: Internet, Telecommunications, Biotechnology, Pharmaceutical, Enterprise Software, Translation Service, Video, Management Consulting, Medical, Manufacturing, Mobile, Information Services, Information Technology, Software, Health Care, Consulting, Recruiting, Staffing Agency
• Present In: Massachusetts
• Notable Investments: Bottom Line Systems, Eliassen Group, 3Play Media, R&D Altanova, Pilgrim Software, Welocalize, Loftware.

Jon Lemelman is an experienced private equity professional and angel investor. He has served as Head of Business Development at Riverside Partners, where he focused on deal sourcing and helping build the firm’s portfolio.

Lemelman is known for his focus on technology-driven companies and innovation. He looks for startups that are at the earliest stages, have strong growth potential, a well-rounded leadership team, and scalable business models.

As an angel investor, he mostly invests in startups through fundraising programs or social media platforms. The investment range of Jon Lemelman lies between $10,000 to $250,000.

Wrap-Up:

So, as we end the discussion of the top angel investors in Massachusetts, let us help you with some final words of wisdom about connecting with angel investors.

Angel investors, unlike VC firms, don’t organize pitching competitions or screening tests. To get connected with these investors, we would recommend:

• Start networking early through pitch events and industry gatherings.:
• Explain your startup’s value, showing investors how your product solves a pressing problem in healthcare.:
• Utilize local resources like Massachusetts incubators and accelerators to enhance your pitch and gain valuable insights.: