Mark Phillips, Founder of 11 Tribes Ventures, joins Impact Investing Roadshow to discuss his firm's founder-first venture capital thesis and their investment in NQS (National Quality Systems), a vertical AI platform transforming trauma registry management for U.S. hospital emergency departments.

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Founder, 11 Tribes Ventures

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Masters of Resilience Podcast | Co-hosted Mark Phillips and Ryan Seger

Founded by multi-time entrepreneur Mark Feinberg, NQS is a vertical AI platform designed to streamline trauma registry management for hospital emergency departments. The company addresses a highly specialized domestic market of approximately 2,400 trauma registry departments—a space previously served by a single, broad-based incumbent whose undifferentiated software left users deeply underserved.

11 Tribes co-invested alongside lead investor Long Run Capital, committing an initial $750,000 check into a priced seed round at an $8 million post-money valuation, with the total raise of $2 million split between the two firms. A defining feature of the investment was NQS's 16 signed hospital contracts at the time of closing—despite the product being six to eight weeks from launch—a rare validation of both market urgency and founder credibility.

Operating partner Carolyn Wilson, former COO of the University of Chicago Health System, provided critical domain expertise during diligence. The round closed in March 2025, the product launched within weeks, and NQS has since grown rapidly. 11 Tribes has made two additional investment tranches, including a recent $750,000 follow-on that effectively constitutes a Series A.

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