Highlights
- Jetstream Venture Fund, based in Scottsdale, announced investments in ImageAiD and Moonrise Medical on Aug. 27.
- Both companies are developing AI-enabled vascular diagnostic platforms, according to the fund's press release.
- Jetstream is managed by Xcellerant Ventures and led by Dr. John Shufeldt, who previously built and sold NextCare Urgent Care and MeMD to Walmart Health.
- The fund charges a flat 2.9% management fee with no carried interest and allows entry at a $20,000 minimum.
Scottsdale-based Jetstream Venture Fund added two healthtech companies to its portfolio on Aug. 27, backing ImageAiD and Moonrise Medical, both of which are developing AI-enabled vascular diagnostic platforms, according to a press release issued through PR Newswire.
The fund is managed by Xcellerant Ventures and Sweater Industries LLC, with back-end administration by Sweater Ventures. It is led by Dr. John Shufeldt, who built and sold NextCare Urgent Care and MeMD to Walmart Health before launching the fund. Jetstream was declared effective by the SEC and launched in October 2025.
The fund's structure is designed to broaden access to early-stage venture investing. Minimum investment is $20,000, compared to traditional VC minimums of $250,000 to $500,000. It charges a flat 2.9% management fee plus operating expenses with no carried interest, and investors can withdraw every six months through an evergreen structure.
The ImageAiD and Moonrise Medical positions follow a pattern of healthtech accumulation. Earlier this year, Jetstream secured positions in Surf Therapeutics and Hill Research, according to a Morningstar-distributed release from April 2026. The fund's first investment was an exclusive private secondary stake in Carbogenesis, a clean technology company, according to Pulse2.
Who is behind Jetstream Venture Fund?
Jetstream is an interval fund launched by Scottsdale-based Xcellerant Ventures and declared effective by the SEC. It is led by Dr. John Shufeldt, who previously built and sold healthcare companies including NextCare Urgent Care and MeMD to Walmart Health, and focuses on MedTech, BioTech, and HealthTech sectors.
Dollar amounts for the ImageAiD and Moonrise Medical investments were not disclosed in the press release. The fund's next investor withdrawal window is available every six months per its evergreen structure.
Where to find them
- Sweater Industries LLC · adviserinfo.sec.gov
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- PR Newswire retrieved 27/08/2026 12:21
- pulse2.com retrieved 27/08/2026 12:21
- finance.yahoo.com retrieved 27/08/2026 12:21
- PR Newswire retrieved 27/08/2026 12:21
- morningstar.com retrieved 27/08/2026 12:21
- Sweater Industries LLC (official site) retrieved 27/08/2026 12:21
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 27/08/2026 12:21. Every claim traces to a source.
