Blue Venture Funds
Corporate VCChicago · Seed–Late Stage · 25 people tracked
Investment thesis
The Blue Venture Funds invest across three healthcare sub-sectors—healthcare services, healthcare technology, and clinical sciences—with the goal of reducing cost and improving health outcomes for Blue Plan members. Owned and capitalized by participating Blue Cross Blue Shield companies and affiliates, the fund leverages deep relationships across the Blue ecosystem to help portfolio companies commercialize innovations and navigate the payor contracting process. Its strategic engagement model connects portfolio companies to Blue Plan expertise and member needs, ensuring supported innovations are both commercially viable and improve the healthcare experience. The fund is stage agnostic, investing from seed through growth to buyout.
Source: firm website, verified Aug 3, 2026.
Team · 25 people
from the firm's websiteWhat they invest in
from 27 of 62 portfolio companiesDigital Health ×22Healthtech ×22SaaS ×9AI & Machine Learning ×7Enterprise Software ×4Medical Devices ×4Mental Health ×4InsurTech ×3
HQs:United States×22
Who they back
founder profiles across 18 portfolio companiesFounding team size:solo founder×112 founders×43 founders×3
Investments · 62 tracked
founders shown can be your intro pathBy year:2020 · 12018 · 12014 · 13 dated
Co-investorsDeciensPhoenix Capital Ventures
Heartflow provides an AI-based analysis that converts a coronary CTA scan into a personalized 3D model of the heart, assessing anatomy and physiology to help diagnose and manage coronary artery disease (CAD).
AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesRedwood City, US
Christopher K. Zarins(Executive Officer, Director)Charles A. Taylor(Executive Officer, Director)Nicky Espinosa Hayes(Executive Officer)John Stevens(Executive Officer, Director)H. Baird Radford, III(Executive Officer)John Farquharin
Co-investorsBain Capital Life SciencesEmergent Medical Partners, LLPKhosla VenturesLifeforce CapitalLotus CapitalSilver Lake Partners+1 more
Phreesia provides a patient intake and engagement platform with automated tools for registration, insurance verification, appointment access, and payments used by healthcare organizations.
Digital HealthHealthtechSaaSNew York, US
Chaim Indig(Executive Officer, Director)Charles Kallenbach(Executive Officer)Thomas Altier(Executive Officer)Michael Weintraub(Director)Victor Kats(Director)Dusty Lieb(Director)
Co-investorsAscension VenturesEscalate Capital PartnersHLM Venture PartnersLLRLRVHealthVantagePoint Capital Partners
AbleTo provides in-person and virtual mental health care, including therapy, psychiatry, and medication management for adults, children, and teens dealing with concerns such as anxiety, depression, ADHD, and substance use.
Digital HealthHealthtechMental HealthNew York, US
Trip HoferinFrank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)Russ Nash(Director)Michael Laskoff(Executive Officer, Director)Paul Pieper(Executive Officer)
Co-investors.406 VenturesHLM Venture PartnersOptum VenturesValspring CapitalBain Capital VenturesHorizon+1 more
Belong Health provides a full-stack health plan operating platform and partnership model that helps organizations design and run health plans, sharing the risk of launching and building them.
Digital HealthHealthtechInsurTechSaaSRadnor, US
Douglas Duane Byrd(Executive Officer)
Co-investorsNew Enterprise Associates (NEA)Maverick Ventures
CareCentrix provides home-based care coordination and home benefit management services, including durable medical equipment, home health, sleep care, and infusion therapy, connecting members with high-quality provider networks.
Digital HealthHealthtechWellness & Fitness
Co-investorsSycamore Ventures
CirrusMD offers a virtual primary care platform where patients connect with a physician via chat in under 60 seconds for diagnosis, treatment, and guidance to benefits and next steps in care.
Digital HealthHealthtechSaaSDenver, US
Andrew Altorfer(Chief Executive Officer)Wallace Blake McKinney(Director)Blake McKinney(Co-founder)JAMIE HALL(Executive Officer, Director, Promoter)JENNIFER PEARCE(Executive Officer)SCOTT REICH(Executive Officer)
Co-investors7wire VenturesBootstrap Venture PartnersCorewell Health VenturesDrive CapitalRockies Venture Club
HealthtechNashville, US
Travis Messina(Executive Officer, Director)David Coppeans(Executive Officer)
BoardCharles Martin, Jr.(Director)W. Spence McClelland(Director)Frank Coliano(Director)Dipa Talati Mehta(Director)in
Co-investorsMartin VenturesNoro-Moseley PartnersOptum VenturesBlueCross BlueShield Venture PartnersHealth Velocity CapitalSandbox Advantage
Daymark provides 24/7 in-home and virtual cancer care, offering patients an oncology-specialized team available by phone, text, video, or home visits to coordinate testing, manage symptoms and medications, and handle care logistics.
Digital HealthHealthtechMental HealthPhiladelphia, US
Justin Bekelman(Executive Officer, Director)inJonathan Rhodes(Founder)inPaul Dufault(Executive Officer)Roy Beveridge(Director)
BoardKelsey Maguire(Director)Ambar Bhattacharyya(Director)
Co-investorsHealthier CapitalOncology VenturesMaverick VenturesYosemite
ExactCare, part of AnewHealth, is a national medication management and pharmacy care provider serving people in assisted living, long-term care facilities, during transitions of care, and at home.
Digital HealthHealthtech
Co-investorsNautic Partners
HealthEdge provides cloud-based core administrative processing systems and digital engagement solutions for health plans and insurance companies.
Enterprise SoftwareHealthtechInsurTechSaaSBurlington, US
Kevin Adams(Chief Executive Officer)Matt McLaughlin(Chief Financial Officer)Chris Conte(Chief Revenue Officer)Raj Sundar(Chief Strategy Officer)Laura Hancock(Chief Customer Officer)Ryan Mooney(Chief Product Officer)
Co-investorsCoatue ManagementGolub GrowthHLM Venture Partners
Humata provides an end-to-end platform to streamline prior authorization processes in healthcare, reducing delays and improving care access for patients.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechMiami, US
Jeremy Friese(Founder, MD)inOscar Callejas(Executive Officer)inMichael Kolb(Executive Officer)inWord D. Peake(Director)Thomas Hawes(Director)Philip Fibiger(Executive Officer)in
Co-investors.406 VenturesLRVHealthOptum VenturesOSF Ventures
InsightinHealth offers inGAGE, an AI-driven digital health platform that integrates structured and unstructured data to generate real-time predictions and personalized member engagement.
AI & Machine LearningDigital HealthHealthtechBaltimore, US
Enam Noor(Chief Executive Officer)Marcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)
BoardBinoy Bhansali(Director)
Co-investorsHealth Catalyst CapitalMaryland TEDCOTCP Venture CapitalTEDCO
Limber provides a digital health platform for physical and occupational therapy organizations, offering remote therapeutic monitoring, home exercise programs, patient outcome tracking, and CMS compliance tools to improve patient engagement and clinical outcomes.
Digital HealthHealthtechSaaSBethesda, US
Michael Gruner(Executive Officer, Director)Nirav Modi(Executive Officer)Ramon Castro(Executive Officer)Rick Gawenda(Director)Marc Gruner(Director)
BoardBlake Patton(Director)in
Co-investorsTech Square Ventures
Provider of post-acute care management solutions.
Co-investorsAscension VenturesWCAS
Noctrix Health develops clinically validated wearable therapeutics for managing chronic neurological disorders, with its first product Nidra receiving FDA De Novo authorization and dedicated CMS HCPCS codes.
Digital HealthMedical DevicesWellness & FitnessPleasanton, US
Shri Raghunathan(Founder)in
Co-investorsAngelini VenturesOrbiMedTreo Ventures, LlcZühlke VenturesBridge BankSandbox Clinical Ventures+1 more
Octave develops blood-based biomarker tests for neurodegenerative diseases including multiple sclerosis, Parkinson's disease, and Alzheimer's disease.
AI & Machine LearningBiotechDigital HealthMedical DevicesMenlo Park, US
William Hagstrom(Founder and Chairman)Doug Biehn(President and CEO)
Co-investorsNorthpond VenturesSandbox IndustriesSection 32Echo Health VenturesHikma VenturesGreycroft+1 more
OncoHealth provides oncology-specific utilization management and virtual supportive care services for health plans, employers, and their members with cancer.
Digital HealthHealthtechMental Health
Jon Maack(Chief Executive Officer)
Co-investorsCobalt VenturesMcKesson VenturesOak HC/FTBaird CapitalSand Hill Angels
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Marketing TechMedia & EntertainmentSaaS
Co-investorsAdvance Venture PartnersAngel Physicians FundAvestria VenturesAviv Venture CapitalBIGR VenturesBuoyant Ventures Management, Llc+15 more
Perspectum develops non-invasive medical imaging software that extracts diagnostic information from scans to support precision diagnosis of metabolic diseases, cancer, diabetes, and other chronic conditions.
AI & Machine LearningDigital HealthMedical Devices
Co-investorsHealthQuest Capital
PicassoMD provides a software platform for healthcare providers to collaborate and optimize patient outcomes through value-based care workflows.
Digital HealthEnterprise SoftwareHealthtechSaaSWashington, US
Dr. Reza Sanai(Co-CEO)Sam Pollaro(Co-CEO)Reza Sanai MD, FACC(Founder)inSean Carpenter(CTO)Samuel von Pollaro(Executive Officer, Director)Dale White(Director)
Co-investorsAAF Management Ltd.Greycroft
Picwell operates ALEX, a benefits decision-support platform that combines plan recommendations, enrollment, benefits administration, and year-round guidance for employees.
HR TechInsurTechSaaSPhiladelphia, US
Thomas Baker(Executive Officer, Director)Jonathan Thompson Kolstad(Executive Officer, Director)Robert James Town(Executive Officer, Director)Jay Silverstein(Executive Officer, Director)Anirudh Vemprala(Executive Officer, Director)
BoardKevin Hill(Director)
Co-investorsMassMutual VenturesOUP (Osage University Partners)Osage University Partners
Phone-centric identity platform that helps companies mitigate fraud while accelerating revenue and reducing operational expenses.
Co-investorsMassMutual VenturesOpus CapitalSecond Alpha Partners
Co-investorsSpectrum Equity
Rula operates a digital mental health platform connecting patients with licensed therapists for remote behavioral care.
Digital HealthHealthtechMental Health
Josh Bruno(Founder & CEO)in
Co-investorsHarmony PartnersIcon VenturesKoch Disruptive TechnologiesMeridian Street CapitalPROOFSemperVirens Venture Capital+4 more
HealthtechSan Francisco, US
Anurati Mathur(Executive Officer, Director)Swaraj Banerjee(Executive Officer, Director)Ashley Carroll(Director)
BoardJenny Abramson(Director)in
Co-investorsCencora VenturesEcho Health VenturesIndustry VenturesRethink ImpactSandbox
Solera Health operates a value-based digital health platform that matches members and employees to curated virtual care programs across conditions such as digestive health, hypertension, mental health, musculoskeletal, weight management, and diabetes.
B2B MarketplacesDigital HealthHealthtechPhoenix, US
Brenda Schmidt(Executive Officer, Director)
Co-investorsCobalt VenturesSJF VenturesAdams Street Partners
Somatus provides value-based, integrated kidney care and a congestive heart failure management solution for patients, providers, and health plan partners.
Digital HealthHealthtechMclean, US
Ikenna Okezie(Executive Officer, Director)Alexander Houlday(Executive Officer)Stacey Queen-Pyndell(Executive Officer)
BoardAnna Haghgooie(Director)Anthony Welters(Director)
Co-investorsFlare Capital PartnersOptum VenturesHealthQuest CapitalDefy PartnersLongitude CapitalRA Capital+4 more
SwipeSense is a healthcare technology company that provides a hospital safety platform with applications for electronic hand hygiene monitoring, real-time asset tracking, automated contact tracing, and nursing insights.
AI & Machine LearningDigital HealthEnterprise SoftwareHealthtechIoTChicago, US
Mert Iseri(Executive Officer, Director)Yuri Malina(Executive Officer, Director)Andrew Berthusen(Chief Executive Officer)Daniel Phillips(Director)
BoardLior Susan(Director)inRandall Crowder(Director)in
Co-investorsNew Ground VenturesTEXO VenturesEclipse Ventures
Wellframe provides digital member engagement and care management solutions for health plans.
Digital HealthHealthtechSaaS
Jacob Sattelmair(Founder)inDr Trishan Panch(Founder)in
Co-investorsF-Prime CapitalThreshold VenturesBlueCross BlueShield Venture PartnersDFJ
ZeOmega provides Jiva, a healthcare enterprise management platform for payer and provider organizations that integrates data into a single source of truth and offers AI-powered population health analytics, care management, and process automation such as electronic prior authorization.
AI & Machine LearningDigital HealthHealthtech
Co-investorsBlueCross BlueShield Venture PartnersBregal SagemountSandbox Industries
Exits · 3
IPOs and acquisitions across the tracked portfolioAccessnewswireNYSE: ACCSHeartFlowNASDAQ: HTFLPhreesiaNYSE: PHR
Portfolio news
latest coverage across their companies
Phreesia · mychesco.com · Aug 17, 2026
HeartFlow · seekingalpha.com · Aug 16, 2026
CareCentrix · capitalanalyticsassociates.com · Aug 5, 2026
ZeOmega · healthitanswers.net · Jul 23, 2026
Pentec Health Celebrates 35th Anniversary · techcrunch.com · Jul 17, 2026
Octave · stocktitan.net · Jul 14, 2026
HealthEdge · siliconangle.com · Jun 25, 2026
Picasso · datacenterdynamics.com · Jun 18, 2026
Frequently asked questions
- How many investments has Blue Venture Funds made?
- Blue Venture Funds has 63 tracked investments.
- What stage does Blue Venture Funds invest at?
- Blue Venture Funds invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
- What is Blue Venture Funds's typical check size?
- Blue Venture Funds typically writes checks of $1M – $20M.
- What sectors does Blue Venture Funds focus on?
- Blue Venture Funds focuses on Biotech, Digital Health, Healthtech, Medical Devices.
- Where is Blue Venture Funds located?
- Blue Venture Funds is headquartered in Chicago, US.
- Who does Blue Venture Funds co-invest with?
- Blue Venture Funds most often shares deals with Optum Ventures, HLM Venture Partners, .406 Ventures, among 93 tracked co-investors.
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