Executive Team

Strand Diagnostics’s management team is comprised of industry-leading business professionals with decades of experience. Meet our executive team.


Theodore “Ted” Schenberg, CEO

Mr. Schenberg is a principal and co-founder of Caravel Ventures, a private equity group syndicating growth capital raises for lower middle market companies needing both financial and managerial support. Caravel’s current portfolio includes Strand Diagnostics (a CLIA-accredited forensic and medical DNA testing lab) for which Mr. Schenberg has been the CEO since 2007, and Animated Dynamics (engaged in the biodynamic imaging of cancer tissues) for which Mr. Schenberg is also CEO.

Mr. Schenberg is a successful veteran businessman having founded and/or acquired several companies in the life-science, chemical, aerospace, internet security, construction, and food processing industries. He has an extensive track-record of executive leadership as well as building value for stakeholders in his companies in partnership with his management teams. He has deep experience with start-ups, turnarounds, and merger/acquisition activities with a strong emphasis on commercialization activities. Three of the companies founded or purchased by Mr. Schenberg were subsequently sold to publicly-traded firms. He holds two patents and has taught courses on business and entrepreneurship at assorted venues including Indiana University Kelly School of Business from which he also holds a B.S. in Accounting and a Masters in Business Administration.

Travis Morgan, CFO

After three years in the audit department of KPMG Peat Marwick focusing on lower middle market clients, Travis Morgan embarked on a successful career as a private equity investor and entrepreneur. As Co-founder and Managing Director of Caravel Ventures, Travis has been directly responsible for 18 capital infusions into 12 different operating companies, serving as the full-time President or CFO of 7 of those portfolio companies. His credits include securing over $103 million in funded capital transactions, including three liquidity events with publicly traded firms. Mr. Morgan graduated at the age of 20 from the Indiana University Kelly School of Business with a Bachelor of Science in Accounting and Finance, and is a CPA (inactive) licensed in Indiana. He received an MBA with concentrations in entrepreneurship and international business from Babson. He is a certified Lean Six Sigma Greenbelt, and an alumnus of the Indianapolis Business Journal’s “Forty under 40” list, recognizing the state’s top business leaders under the age of forty (class of 2000).