Boomerang Ventures


Boomerang Fund helps revolutionize patient care.
We target connected health tech companies in the Midwest. We focus on companies that have proven, differentiated businesses, defensible market positions, predictable demand patterns, multiple growth levers, and strong management.


As the funding arm of Boomerang Studio, we lead or co-lead investments in connected health technology companies in the Midwest, leveraging our three-pronged investment strategy backed by our experienced leadership team.


Being in the Midwest matters. Not only do we get more equity per dollar than the coasts, but with a robust healthcare and tech sector and fewer competitors, there’s ample opportunity for scalable growth.
We focus on building and funding companies in connected health. We want to do work that really matters; that improves lives and transforms the healthcare ecosystem for the better.

We believe we can make the biggest impact when we capture value early. That’s why we work with companies ranging from Pre-Seed with Boomerang Studio all the way to Series Seed and Series A with our fund.

Meet our Fund Team.

Combining deep healthcare knowledge and a wealth of entrepreneurial experience, we are a team of investors, entrepreneurs, and business managers. Our shared passion lies in driving positive change for patients, ensuring enhanced experiences and improved outcomes.
  • Cassie Helmer



    Partner + Chief Medical Officer


    Venture Partner


    Founder + Managing Partner


    Partner + Chief Financial Officer

Cassie Helmer



Partner + Chief Medical Officer

Eric Beier brings his extensive leadership experience as both a physician entrepreneur and investor to his position as Partner and Chief Medical Officer at Boomerang Ventures.

Eric, who joined Boomerang in 2020, has over 25 years of experience spearheading strategic collaborations, leading high-performance teams, and achieving targeted organizational results.

Previously, Eric was the startup Chief Executive Officer of two physician revenue cycle management companies, achieving successful exits from both. In his role as CEO of the firm he founded, MedOptima, he also helped launch and manage three physician practices.

Eric also was the startup CEO for Matrix-Bio Inc., a Purdue tech transfer cancer diagnostics company that raised over $1.3 million in angel capital and negotiated a seven-figure commercialization development agreement with Quest Diagnostics.

He has made over 25 angel and private equity investments and founded the Fort Wayne chapter of VisionTech Angels.

Early career positions included product line manager for cardiovascular diagnostics at Boehringer Mannheim Corporation (now part of Roche Diagnostics) and practicing as an emergency physician in northeast Indiana.

Eric graduated summa cum laude with a Bachelor of Arts degree in Chemistry from Hanover College. He earned his medical degree from the Indiana University School of Medicine and an MBA from the University of Michigan.


Venture Partner

Josh Nickols, Ph.D., is a Venture Partner at Boomerang Ventures and Chief Executive Officer at AgriThera Inc., an Atlanta-based pharmaceutical start-up focusing on bringing new cannabinoid therapeutics for the treatment of seizure disorders, anxiety, and chronic pain to market.

Josh also advises the development of assets from the portfolio at the University of Louisville. Previously, he was CEO at GlobalCastMD, an Ohio-based company that offers services that enables healthcare professionals and institutions the ability to shape their knowledge into engaging and more widely accessed content. He also was CEO of XII Medical, a private health technology company developing a neuromodulation solution for the treatment of obstructive sleep apnea.

He previously served as a committee member at NIH Center for Accelerated Innovations (NCAI), headquartered at Cleveland Clinic, and as Executive in Residence at CincyTech USA, a public-private seed-stage investor that helps transform ideas into high-potential life science and digital companies in southwest Ohio.

Josh earned a bachelor’s degree in Biology at Washington University in St. Louis, a doctorate in molecular neuroscience at Vanderbilt University School of Medicine, and an MBA in finance and marketing at Vanderbilt’s Owen Graduate School of Management.


Founder + Managing Partner

Oscar Moralez, a serial entrepreneur, mentor/coach, educator, and venture capital investor, co-founded Boomerang Ventures in 2019, an Indianapolis-based growth-stage venture capital firm focusing on technology companies in health care and the life sciences.

A year later, Oscar formed the Boomerang Studio, a diverse team of successful founders and entrepreneurs to serve as advisers, mentors, strategists, and guides to new founders and entrepreneurs.

He is also the founder and managing director of VisionTech Partners / VisionTech Angels, which launched in 2009. VisionTech Angels is among the Midwest’s most active angel investing networks. In 2002, Oscar founded BioStorage Technologies Inc. in Indianapolis and served as Chief Operating Officer. BioStorage was acquired in December 2015 by Brooks Automation (NASDAQ: BRKS), and the company is now part of the Brooks Life Sciences division. Prior to BioStorage, Oscar worked in various executive management roles in health care with Covance Clinical Laboratories, Mayo Medical Laboratories, and Boulder Community Hospital.

In addition to his experience with startups, investing and capital formation, Oscar’s background includes more than 30 years of technical, operations, and management experience in the healthcare and life sciences sectors.

He currently serves on the board of GeoH, Inc. and has served in the past as a director for OrthoPediatrics, SonarMed, Apricity, BoxFox, The Venture Club of Indiana, The Speak Easy, Leaf Software Solutions, and the Indiana Center for Biomedical Innovation. Oscar is a regular speaker and presenter at universities across Indiana and serves as a mentor, coach, and judge for regional accelerators in the Midwest.

He earned a Bachelor of Science degree in Medical Technology from the University of Texas Southwestern Medical Center at Dallas and an MBA from the Leeds School of Business at the University of Colorado in Boulder.


Partner + Chief Financial Officer

Tony Petrucciani has been an entrepreneur since 1985 when he founded a software company serving manufacturers and service management organizations during his senior year of college. Over the next two-and-a-half decades, he grew Single Source Systems, Inc. to more than 1,000 customers in 29 countries. This led to a successful exit in 2011 when Infor, a global enterprise software firm acquired the Infor-related assets of the company. Tony granted equity in Single Source Systems to his remaining employees and continues in a coaching role as they regrow the organization. In 2014, Tony joined VisionTech Partners as a managing partner. VisionTech Angels is among the Midwest’s most active angel investing networks, with more than 40 portfolio companies and some $20 million in invested capital.

Tony brings technology, sales, management, and analytical experience to the Boomerang team. He currently serves on nine boards.  He earned a Bachelor of Science  in computer science and Spanish from Ball State University and is a graduate of The Entrepreneurial Masters Program, an entrepreneurial executive leadership program sponsored by MIT University and INC Magazine. He led Single Source Systems to two appearances on the Inc 500 list of fastest growing companies in America and was recognized among Indianapolis’ 40 under 40 by the Indianapolis Business Journal. Tony enjoys investing in and mentoring startup companies, keeping up with technology, problem solving and golf, sometimes all at the same time.

Our extensive deal flow network, capital partners, and other critical relationships ensure that we can find and support the best opportunities in the Midwest.

Boomerang Ventures