Frontier Tech Needs Fearless Builders
We believe the world’s most significant breakthroughs are occurring right now—a result of the hard work and ingenuity of inventors, engineers, and entrepreneurs. We lead early rounds in patent-protected discoveries and serve as active, operational advisors, utilizing our collective decades of experience to back high-growth companies from concept to IPO.
From Discovery to Exit
Since 2018, we’ve been investing in breakthrough technologies often overlooked by Silicon Valley. Our story began at the University of Arizona, where we’ve launched 14 companies and celebrated three successful exits, with returns as high as 32X. In close partnership with the university’s tech transfer office, we built a repeatable model for identifying world-class science and engineering with commercial potential.
Over time, we’ve expanded beyond traditional tech transfer, backing visionary founders at all stages of early growth. Today, our mission remains clear: to ensure that game-changing innovations reach the real world and enhance the security, health, and prosperity of American life.
If you’re building or backing the future, we’d love to connect.
$30M+
Invested
14 Companies
and counting
Meet the Team
Hands-on Experience Building Great Companies
Founded in 2018, we are a team of entrepreneurs turned investors. From idea to exit, we know what it takes to create value and generate a return.
Fletcher McCusker
General Principle
UAVenture Capital was founded by Fletcher J. McCusker and Michael Deitch, the CEO/CFO team at SinfoníaRx and also the duo behind the startup to IPO of Tucson-based Providence Service Corporation (Nasdaq: PRSC). Fletcher, a 1974 UofA graduate, started Providence in 1997 with a $50,000 investment, grew the company to $55,000,000 in revenue, and went public in 2003. Providence then grew to a billion-dollar business, and is, by far, the most successful public company ever launched in Tucson. Michael and Fletcher left Providence in 2013 to assist Tech Launch in its commercialization efforts by becoming the “business drivers” for UofA spinout SinfoníaRx. Invented by the College of Pharmacy faculty, SinfoníaRx pioneered medication therapy management, designed to assure physician-written prescriptions are safe, don’t conflict with other medications, and are age-appropriate and necessary. The company allows its clients to comply with Medicare requirements and saves them money by preventing unnecessary or ineffective prescriptions. Patient health is improved by direct pharmacist interaction and medication review. As Chairman of the Rio Nuevo District (downtown Tucson’s revitalization board), Fletcher is credited with spearheading much of the development downtown since moving downtown in 2010.
Fletcher is a UofA alumnus of the year, holds an honorary Doctorate awarded in 2014, endowed the Public Programs Chair, scholarships a member of the tennis team, and sits on several UofA advisory boards.
Micheal Dietch
Managing Partner
Michael was the founding CFO at both SinfoníaRx, Inc. (now a subsidiary of Nasdaq: TRHC) and The Providence Service Corporation (Nasdaq: PRSC). He has deep experience in mergers and acquisitions and negotiating terms and conditions of financing arrangements including private equity capital, mezzanine capital, and commercial lending.
Michael and Fletcher have been working together for over 20 years and together they have closed over 30 acquisitions, taken a company from inception through its initial public offering including two follow-on offerings, and have raised millions of dollars of financing.
Before starting PRSC, Michael worked in the industry serving as director of financial controls for Crawford & Company (CRD) a New York Stock Exchange-listed company specializing in health care and business claims adjusting. He also worked as a senior member of the tax department for Glasrock Home Health Care Inc., a wholly owned subsidiary of the New York Stock Exchange listed company British Oxygen Company now known as The BOC Group. Before working in the industry, he worked in public accounting providing audit, tax, and litigation support services.
Michael is a certified public accountant and received a bachelor’s degree in accounting from the University of Tennessee in 1979 and a master’s degree in business administration from the University of Tennessee in 1981.
David DiCosola
Managing Partner
Dave is a serial entrepreneur and start-up journeyman with extensive experience at venture-backed, high-growth companies that have collectively raised more than $700M in funding. As an executive leader, Dave has not only scaled organizations from 50 to 500 employees, but he has also brought his business concepts from napkin ideas to strategic exit with the recent success of his logistics business, PackDash. Dave has an intuition for what sells coupled with a financial analyst mindset around valuation and execution. As the portfolio navigates across a spectrum of growth stages, Dave’s experience in fundraising, people management, sales, operations, finance, and marketing is a crucial resource for our founders.
Dave currently serves as a volunteer commercialization partner and advisor for the University of Arizona’s tech transfer office. Dave provides critical feedback and advice to researchers looking to convert their patents into start-up businesses. His early access to on-campus discoveries and breakthroughs provides our team with an in-depth knowledge of investment opportunities and a playbook for how this can be replicated across other campuses.
Also active in the Tucson community, Dave serves as a non-profit board member and mentor for Groundswell Capital and the Avanza Empowerment Fund. Groundswell Capital is the state of Arizona’s first “Green Bank” with more than $250M in funding and exists to provide innovative financial tools to support equitable, clean energy initiatives. The Avanza Empowerment Fund provides low-interest loans and grants to deserving women, veterans, and minority-owned small businesses in Arizona.
