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 20 of 63 portfolio companiesHealthtech ×16Digital Health ×11SaaS ×6AI & Machine Learning ×4Enterprise Software ×4Medical Devices ×3Biotech ×2InsurTech ×1
HQs:United States×16
Investments · 63 tracked
founders shown can be your intro pathHeartflow develops AI-powered 3D modeling and diagnostic tools for coronary artery disease detection and management, serving clinicians and healthcare teams to optimize patient care pathways.
AI & Machine LearningBiotechDigital HealthMedical DevicesRedwood City, US
Lonnie Smith(Director)Christopher K. Zarins(Executive Officer, Director)Casey Tansey(Director)Tom Hawes(Director)Jeff Lightcap(Director)Barry Uphoff(Director)
Phreesia offers a digital patient intake platform for healthcare practices, handling patient check-in, information collection, insurance verification, and payment processing before a visit begins.
Digital HealthHealthtechSaaSNew York, US
Edward Cahill(Director)Chaim Indig(Executive Officer, Director)Michael Weintraub(Director)Scott Perricelli(Director)Victor Kats(Director)Charles Kallenbach(Executive Officer)
HealthtechNew York, US
Liam Donohue(Director)Thomas Hawes(Director)Frank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)Russ Nash(Director)
BoardEnrico Picozza(Director)
CirrusMD offers a chat-based virtual care platform where patients connect with doctors and health coaches for 24/7 physician-first care and guidance.
Digital HealthHealthtechSaaSDenver, US
JAMIE HALL(Executive Officer, Director, Promoter)JENNIFER PEARCE(Executive Officer)SCOTT REICH(Executive Officer)Elliot Sands(Director)Chris Saxman(Chief Operating Officer)Andrew Altorfer(Chief Executive Officer)
HealthtechNashville, US
Charles Martin, Jr.(Director)David Coppeans(Executive Officer)C. Lowry Barnes, M.D.(Director)Travis Messina(Executive Officer, Director)W. Spence McClelland(Director)Frank Coliano(Director)
HealthtechPhiladelphia, US
Paul Dufault(Executive Officer)Kelsey Maguire(Director)Ambar Bhattacharyya(Director)Roy Beveridge(Director)Aman Mahajan(Director)Justin Bekelman(Executive Officer, Director)
HealthEdge provides cloud-based core administrative processing systems and digital engagement solutions for health plans and insurance companies.
Enterprise SoftwareHealthtechInsurTechSaaS
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)
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 SoftwareHealthtech
Jeremy Friese(Founder, MD)in
InsightinHealth provides an AI-driven digital health platform that integrates health data and delivers real-time predictive insights to enable personalized member engagement and chronic condition management for health plans and healthcare organizations.
AI & Machine LearningDigital HealthHealthtech
Binoy Bhansali(Director)Marcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)Enam Noor(Chief Executive Officer)
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
Nirav Modi(Executive Officer)Ramon Castro(Executive Officer)Michael Gruner(Executive Officer, Director)Blake Patton(Director)Emir Sandhu(Director)Rick Gawenda(Director)
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
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)
Cision PRWeb is a press release distribution and publicity platform that helps organizations communicate with target audiences through search, social media, and industry-specific partner networks including bloggers and influencers.
Marketing TechSaaS
Philadelphia, US
Kevin Hill(Director)Eric Emmons(Director)Jay Silverstein(Executive Officer, Director)Thomas Baker(Executive Officer, Director)Jonathan Thompson Kolstad(Executive Officer, Director)Robert James Town(Executive Officer, Director)
Phone-centric identity platform that helps companies mitigate fraud while accelerating revenue and reducing operational expenses.
HealthtechSan Francisco, US
Jenny Abramson(Director)Ashley Carroll(Director)Anurati Mathur(Executive Officer, Director)Swaraj Banerjee(Executive Officer, Director)
Somatus provides clinical, emotional, and social support to patients with kidney and heart disease.
Digital HealthHealthtech<UNKNOWN>, US
Anthony Welters(Director)Alexander Houlday(Executive Officer)Ikenna Okezie(Executive Officer, Director)Stacey Queen-Pyndell(Executive Officer)Anna Haghgooie(Director)
SwipeSense provides a platform for monitoring hand hygiene, tracking assets, and automating nursing rounds in healthcare facilities.
Enterprise SoftwareHealthtechIoTChicago, US
Mert Iseri(Executive Officer, Director)Yuri Malina(Executive Officer, Director)William Moffitt(Director)Lior Susan(Director)Randall Crowder(Director)
Frequently asked questions
- 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.
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