Xcellerant Ventures Invests in Mindset Medical to Advance Contactless Vital Sign Monitoring

SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Xcellerant Ventures (XVC) is proud to announce its investment in Mindset Medical (Mindset), a Phoenix-based digital health company pioneering software-only, contactless vital sign monitoring. This investment marks the latest addition to Xcellerant VC Fund 1, underscoring the fund's commitment to backing transformative healthcare technologies. John Shufeldt, Managing Partner at XVC, will join the board.

Mindset's proprietary remote photoplethysmography (rPPG) technology transforms smartphones, tablets, or laptops into contactless vital sign measurement tools. Unlike hardware-dependent wearables, Mindset's software platform enables patients to record their vital signs using cameras on devices they already own. Tracking pulse rate, respiratory rate, and blood pressure empowers patients to manage their own health and may reduce the risk of chronic diseases or medical conditions.

Recently, the company secured its second FDA 510(k) clearance in under a year. With clearance for pulse and respiratory rate, doctors can seamlessly monitor their patients' vital signs in hospitals, clinics, long-term care facilities, and in patients' homes.

"We are excited to support Mindset Medical as they redefine remote patient monitoring with scalable, clinically validated software," said John Shufeldt. "Their regulatory momentum and proven leadership position them to lead in contactless health monitoring."

Mindset will utilize the new funding to accelerate the development of blood pressure monitoring for clinician use, expand commercialization efforts, and strengthen partnerships with telehealth providers, health systems, and payers.

"We view Xcellerant Ventures as more than a capital partner—their deep expertise in healthcare, digital health, and scaling clinical technologies makes them an ideal ally as we accelerate commercialization," said Mitch Foster, CEO of Mindset, "Their track record of guiding early-stage healthtech companies through regulatory pathways, strategic partnerships, and payer/provider adoption gives us confidence they will add immense strategic value alongside our growth."

About Xcellerant Ventures

Phoenix-based XVC is a venture capital firm investing in early and seed stage startups within the HealthTech, MedTech, and BioTech sectors. The firm focuses on identifying and supporting transformational trends driving healthcare innovation.

About Mindset Medical

Mindset delivers a software-only, camera-based vital sign monitoring platform for patients and physicians. Their solutions reduce clinical friction, protect user privacy with on-device processing, and integrate seamlessly into healthcare workflows via APIs. The company is building a scalable pipeline of contactless monitoring solutions to set the next standard in remote patient care.