Headwater Ventures is a venture capital firm investing in pre-seed and seed healthcare software companies in the United States. It backs founders building the software layer of health, focused on infrastructure and intelligence for administrative simplicity, clinical safety, financial legibility, patient access, payer/provider systems, and healthcare workflows. Its focus includes HealthTech, SaaS, infrastructure, AI and data, and it does not invest in pharma, biotech, med tech, or life sciences.