PACE Healthcare Capital

PACE Healthcare Capital is a Chicago-based venture capital firm focused on early-stage investments in digital health and healthcare technology companies. The firm invests financial and human capital to support innovative entrepreneurs aiming to improve healthcare outcomes and reduce costs. It specifically avoids medtech or traditional life sciences investments, focusing instead on software- or AI/ML-enabled solutions[2][3][5]. The fund typically participates in late Seed through Series B rounds with initial checks ranging from $1M–$4M[2][4].

PACE Healthcare Capital exclusively invests in early-stage digital health/software-driven healthcare tech companies—not drug developers or device makers—and provides both financial backing ($1–4M initial checks) and strategic support. Its leadership team includes Julia Monfrini Peev (Founder), April Evans (CFO), and Jon David Willingham (Partner)[1]. The firm was founded in 2020 with headquarters at 400 North Aberdeen Street in Chicago’s West Loop neighborhood[5][6]. It has made at least six portfolio investments as of mid-2024—including Alloy’s $16M Series A round—and positions itself as a diverse/women-owned leader among Midwestern VCs focused on improving U.S. healthcare outcomes through innovation rather than following industry trends or investing checklists[2][3][5].