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
63

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 20 of 63 portfolio companies

Healthtech ×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 path
Accessnewswireaccessnewswire.comNYSE: ACCS
HeartFlowheartflow.comin𝕏NASDAQ: HTFL

Heartflow 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)

Phreesiaphreesia.comin𝕏NYSE: PHR

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)

AbleToableto.com

HealthtechNew York, US

Liam Donohue(Director)Thomas Hawes(Director)Frank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)Russ Nash(Director)

BoardEnrico Picozza(Director)

Alacura
ArroHealth
Aspire Health
Belong Health

HealthtechRadnor, US

Douglas Duane Byrd(Executive Officer)

Big Health
Bloom Health
Bluestone Physician Services
CareCentrix
Change Healthcare
CirrusMD Medical Techcirrusmd.com

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)

Contessa Health

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)

Daymark Healthdaymarkhealth.comin

HealthtechPhiladelphia, US

Paul Dufault(Executive Officer)Kelsey Maguire(Director)Ambar Bhattacharyya(Director)Roy Beveridge(Director)Aman Mahajan(Director)Justin Bekelman(Executive Officer, Director)

Drips
emids
ExactCare Pharmacy
Exai Bio
Ffnewsffnews.com
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 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)

Healthify
Humata Healthhumatahealth.comin

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

ID Experts
Ideal Option
Initiate Systems
InsightIn Healthinsightinhealth.comin𝕏

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)

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

Nirav Modi(Executive Officer)Ramon Castro(Executive Officer)Michael Gruner(Executive Officer, Director)Blake Patton(Director)Emir Sandhu(Director)Rick Gawenda(Director)

Lumeris
naviHealthnavihealth.us
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

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)

Oncai
OncoHealthoncohealth.usin
Origin
Owl
Patientco
Pentec Health Celebrates 35th Anniversaryprweb.comin𝕏

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

Perspectum
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)Sean Carpenter(CTO)

Picwell

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)

PinkDx
Provepayfone.com

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

PWNHealth
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

Sempre Health

HealthtechSan Francisco, US

Jenny Abramson(Director)Ashley Carroll(Director)Anurati Mathur(Executive Officer, Director)Swaraj Banerjee(Executive Officer, Director)

SmartData Solutions
Solera Health

HealthtechPhoenix, US

Brenda Schmidt(Executive Officer, Director)

Somatussomatus.com

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)

SwipeSenseswipesense.comin

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)

Thrive
Verata Health

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.

Images

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