Fundraising Fox

Blue Venture Funds

Corporate VC

Chicago · Seed–Late Stage · 25 people tracked

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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.

Stage
Seed–Late Stage
Check
$1M – $20M
HQ
Chicago, Illinois, US
Instruments
Equity
Founded
2008
AUM
$575M
Tracked investments
62

Team · 25 people

from the firm's website
Darrell Langlois· Board Chair; Chief Strategy and Business Development Officer, Blue Cross Blue Shield of Louisiana

Board Chair; Chief Strategy and Business Development Officer at Blue Cross Blue Shield of Louisiana.

John Uribe· Board Chair; Chief Financial Officer, Blue Cross and Blue Shield of Minnesota

Board Chair; CFO at Blue Cross and Blue Shield of Minnesota.

Juan Lopez· Board Chair; Chief Financial Officer and Treasurer, Independence Blue Cross

Board Chair; CFO and Treasurer at Independence Blue Cross.

Mitch Perry· Board Chair; Chief Financial Officer, Blue Cross and Blue Shield of North Carolina

Board Chair; CFO at Blue Cross and Blue Shield of North Carolina.

What they invest in

from 27 of 62 portfolio companies

Digital 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 companies
61%
solo founders
11 of 18 mapped founding teams

Founding team size:solo founder×112 founders×43 founders×3

Investments · 62 tracked

founders shown can be your intro path

By year:2020 · 12018 · 12014 · 13 dated

Accessnewswireaccessnewswire.comNYSE: ACCS

Co-investorsDeciensPhoenix Capital Ventures

HeartFlowheartflow.comin𝕏NASDAQ: HTFL

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

Phreesiaphreesia.comin𝕏NYSE: PHROct 2014

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

AbleToableto.com

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

Alacura
ArroHealth
Aspire Health
Belong Healthbelong-health.com

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

Big Health
Bloom Health
Bluestone Physician Services
CareCentrixcarecentrix.comin

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

Change Healthcare
CirrusMD Medical Techcirrusmd.com

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

Contessa Healthcontessahealth.comin𝕏

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 Healthdaymarkhealth.comin

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

Drips
emids
ExactCare Pharmacyexactcarepharmacy.comin𝕏

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

Exai Bio
First Dollar
Fort Health
Healthbox
HealthEdgehealthedge.comin𝕏

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

Healthify
Humata Healthhumatahealth.comin𝕏

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

ID Experts
Ideal Option
Initiate Systems
InsightIn Healthinsightinhealth.comin𝕏Dec 2020

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

InVivoLink
Limber Healthlimberhealth.comin𝕏

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

Lumeris
naviHealthnavihealth.us

Provider of post-acute care management solutions.

Co-investorsAscension VenturesWCAS

Nest Health
Nexidia
Noctrix Healthnoctrixhealth.com

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

Octaveoctavebio.com

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

Oncai
OncoHealthoncohealth.usin

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

Origin
Owl
Patientco
Pentec Health Celebrates 35th Anniversaryin𝕏

This page is a distribution, marketing, and reseller partner directory for PRWeb, an online press release distribution service.

Marketing TechMedia & EntertainmentSaaS

Co-investorsAdvance Venture PartnersAngel Physicians FundAvestria VenturesAviv Venture CapitalBIGR VenturesBuoyant Ventures Management, Llc+15 more

Perspectumperspectum.comin𝕏

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

Physera
Picassopicasso.mdin

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

Picwellpicwell.comin𝕏Acquired

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

PinkDx
Provepayfone.com

Phone-centric identity platform that helps companies mitigate fraud while accelerating revenue and reducing operational expenses.

Co-investorsMassMutual VenturesOpus CapitalSecond Alpha Partners

PWNHealth

Co-investorsSpectrum Equity

Rularula.comin

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

Sempre HealthAug 2018

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

SmartData Solutions
Solera Healthsoleranetwork.comin

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

Somatussomatus.comin

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

SwipeSenseswipesense.comin

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

Thrive
Verata Health
Waltz Healthwaltzhealth.com

Chicago, US

Co-investorsGV (Google Ventures)Twine VenturesDefine Ventures

Exits · 3

IPOs and acquisitions across the tracked portfolio

AccessnewswireNYSE: ACCSHeartFlowNASDAQ: HTFLPhreesiaNYSE: PHR

Portfolio news

latest coverage across their companies

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.

Images

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