How many investments has Blue Venture Funds made?

Blue Venture Funds has 64 tracked investments, 18 of which have exited.

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 HLM Venture Partners, Optum Ventures, .406 Ventures, among 140 tracked co-investors.

Blue Venture Funds

Corporate VC

Chicago · Seed–Late Stage · 26 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.

Invests inBiotech Digital Health Healthtech Medical Devices Chicago United States

Source: firm website, verified Aug 3, 2026.

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Stage

Seed–Late Stage

Check

$1M – $20M

Chicago, Illinois, US

Instruments

Equity

Founded

2008

AUM

$575M

Tracked investments

Unicorns

IPOs

Acquisitions

Team · 26 people

from the firm's website & curated

John Banta· President & Managing Director of the Blue Venture Funds; President of the fund's General Partner· Greater Chicago Areain

John Banta is President & Managing Director of the Blue Venture Funds and President of the fund's General Partner, where he manages stakeholder relationships and oversees the National Employee Benefits Administration, a $17B multi-employer benefits program. He previously served as CEO and managing director of IllinoisVentures, an early-stage technology venture firm, and began his career at the investment banks Kidder Peabody and UBS. He holds an M.B.A. in finance and statistics from the University of Chicago and a bachelor's degree in finance from the University of Illinois.

john@blueventurefund.com

Chris Zock· Managing Director, Blue Venture Fund; Co-CEO and Managing Partner, Sandbox Industries· Austin, Texas

Chris Zock is a Managing Director at the Blue Venture Fund and co-CEO and Managing Partner of Sandbox Industries, where he leads investment activity across Sandbox Insurtech Ventures and the Blue Venture Funds and works with portfolio companies on board matters. Before this role he held financial and operational positions at Amazing Food Creations and its successor companies, and gained investment and operational experience at a family office focused on residential real estate. He holds an MBA from the Stanford Graduate School of Business.

chris@sandboxindustries.com

Dan Phillips· Managing Director· Nashville, TN

Dan Phillips is a Managing Director at the Blue Venture Fund, where he focuses on B2B technology and technology-enabled services businesses across all stages in the healthcare and insurance industries. Before joining the firm, he held Senior Consultant roles at The Camden Group and SG2, working on health system strategic planning, operations, and clinical innovation. He earned a Bachelor of Science in Biology from the University of Michigan.

dan@blueventurefund.com

Dr. Emir Sandhu· Managing Director· San Francisco Bay Area

Emir Sandhu is a Managing Director at the Blue Venture Fund, where he invests from seed to buyout in healthcare services and medical technologies including devices, diagnostics, and AI. Before joining the firm, he advised on medical innovation initiatives at Google and co-founded OpenBiome, a nonprofit focused on human microbiome research. He earned an MD from Harvard Medical School, an MBA from Harvard Business School, and a BA in Economics from the University of North Carolina, and completed his radiology residency at Stanford and Memorial Sloan Kettering.

emir@blueventurefund.com

Dr. Tom Hawes· Managing Director· Austin, Texas

Dr. Tom Hawes is a Managing Director at the Blue Venture Fund. Before joining the firm, he matched at Yale School of Medicine for residency and worked on clinical studies at the ISK Institute for Orthopedics and Sports Medicine and on outcomes research at the National Cancer Institute and New York Medical College's Cardiothoracic Surgery Department. He holds an MD from New York Medical College, an MBA from Harvard Business School, and a BA from Brigham Young University, and is a Kauffman Fellow.

tom@blueventurefund.com

Jeff Carroll· Managing Director· Chicago suburbs

Jeff Carroll is a Managing Director at the Blue Venture Fund who focuses on healthcare services and technology for payer and provider use cases, including value-based care, government programs, and payer-provider collaboration. Before joining the firm, he was Chief Revenue Officer of Lumeris and worked for about two decades in healthcare financing and care delivery reform, with experience in value-based and Medicare Advantage arrangements, clinically integrated networks, and Accountable Care Organizations. He holds an undergraduate degree from the University of Chicago and an MBA from Washington University in St. Louis, and served as a Peace Corps Volunteer in Kenya.

jeff@blueventurefund.com

Kelsey Maguire· Managing Director· Chicago, Illinois

Kelsey Maguire is a Managing Director at the Blue Venture Fund. Before joining the firm, she was Head of Eligibility and Launch Operations at Collective Health, worked as an associate at growth private equity firm TA Associates, and started her career as an M&A banking analyst at Deutsche Bank. She holds an AB in History & Literature from Harvard.

kelsey@blueventurefund.com

Matt Downs· Managing Director, Blue Venture Fund; Co-CEO and Managing Partner, Sandbox Industries· Alpine, UT

Matt Downs is a Managing Director at the Blue Venture Fund and Co-CEO and Managing Partner of Sandbox Industries, where he works on firm culture, expansion into new sectors, and the operational side of investment processes and capital deployment across Sandbox funds. He previously invested at Highland Capital Partners and started his career in Morgan Stanley's New York M&A group. He holds a BA from Brigham Young University and an MBA from Stanford Graduate School of Business.

matt@sandboxindustries.com

Amanda Harlan· Vice President· Chicago, Illinois

Amanda Harlan is a Vice President at the Blue Venture Fund. She previously worked at BCG, leading engagements on customer strategy, business line optimization, and organizational design for healthcare payers and providers, and began her career at the BlueCross BlueShield Association developing growth and go-to-market strategies. She holds a BA in Economics from the University of Michigan and an MBA from the University of Chicago Booth School of Business.

aharlan@blueventurefund.com

Kelly Carlquist· Vice President· Chicago, ILin

Kelly Carlquist is a Vice President at the Blue Venture Fund, where she focuses on healthcare services and delivery across all stages. She previously worked as an Associate on the Primary Investment Team at Adams Street Partners and began her career in Product Strategy at Goldman Sachs's Investment Management Division. She holds an MBA from the University of Chicago Booth School of Business and a BA in Economics from Northwestern University.

kcarlquist@blueventurefund.com

Liam McDonald· Vice President· Chicago, ILin

Liam McDonald is a Vice President at the Blue Venture Fund, where he focuses on healthcare services investing, including high-cost condition management, risk-bearing care delivery, and outsourced payer services across all stages. He previously was an Associate at Sheridan Capital Partners working on healthcare-focused leveraged buyout private equity, and began his career at Cain Brothers, a healthcare-focused middle-market M&A investment bank. He holds a B.S. in Finance and Business Analytics from the Kelley School of Business at Indiana University.

liam@blueventurefund.com

Richard Antwi-Boasiako· Vice President

Richard Antwi-Boasiako is a Vice President at the Blue Venture Fund, where he focuses on B2B technology and tech-enabled services companies in the healthcare and insurance sectors. He was previously a Senior Associate on the healthcare team at Brighton Park Capital and began his career as an investment banker at Centerview Partners in London. He holds an MBA from The Wharton School at the University of Pennsylvania and an MEng in Engineering Science from the University of Oxford.

richard@blueventurefund.com

Mark Bartlett· Venture Partner· Plymouth, Michigan

Mark R. Bartlett, CPA, is a Venture Partner at the Blue Venture Fund, where he supports the fund's investment activities and focuses on helping founders build products that fit the contracting infrastructures of payers and providers. He previously spent 32 years at Blue Cross Blue Shield of Michigan, including 25 years as CFO, where he helped launch and run Medicare Advantage, Affordable Care Act, Managed Medicaid, and Workers Compensation lines of business. He holds a BBA from the University of Michigan and a Master of Divinity from Michigan Theological Seminary.

mark@blueventurefund.com

Ashley Carnegie· Executive Assistant· Greenwich, Connecticut

Ashley Carnegie is an Executive Assistant at Sandbox Industries, where she provides executive support to Dr. Tom Hawes and Kelsey Maguire and operational support to the investment team. She previously worked at distressed debt investing firm Strategic Value Partners, supporting the Investment Team and General Counsel. She holds a BA in Psychology from Southern Connecticut State University.

ashley@blueventurefund.com

Bryna Coyle· Associate· Chicago, IL

Bryna Coyle is an Associate at the Blue Venture Fund, where she focuses on healthcare services investing across all stages from seed to buyout. She previously served as Vice President of Operations at Sandbox, overseeing investment operations, recruiting, and client relationships in the healthcare sector, and began her career as an investment analyst and business manager at Partners Group. She holds a BA in Economics with a minor in Spanish from Colorado College.

bryna@blueventurefund.com

Darrell Langlois· Board Chair; Chief Strategy and Business Development Officer, Blue Cross Blue Shield of Louisiana· Baton Rouge, Louisiana, United Statesin

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

Emily Warren· Executive Assistant· Chicago, IL

Emily Warren is an Executive Assistant at Sandbox Industries, where she supports internal team structure, client relationships, event planning, and provides executive support to Emir Sandhu. Before this role, she was a teacher in the Special Education, Autism Spectrum department at Broward County Public Schools. She holds a BA in Early Childhood Education from John Carroll University and an MA in Leadership in Special Education from Notre Dame of Maryland.

emily@blueventurefund.com

Jessica Scheets· Vice President, Operations· New York City

Jessica Scheets is Vice President of Operations at Sandbox Industries, where she works with investment and consulting teams on operational strategy and client relationships across the Sandbox platform, including the Blue Venture Fund. Before Sandbox, she held team management roles at the Association Management Center and AmeriCorps, where she helped at-risk youth build educational and vocational plans. She holds a degree in Public Health from the University of South Carolina.

jessica@blueventurefund.com

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· Merchantville, New Jersey, United Statesin

Board Chair; CFO and Treasurer at Independence Blue Cross.

Kamie Marsillo· Chief of Staff, Office of the CEO· Scottsdale, Arizona

Kamie Marsillo is Chief of Staff in the Office of the CEO at Sandbox Industries, where she supports the two Sandbox CEOs as they scale the organization. Before Sandbox, she was a Learning and Development Senior Consultant at CVS Health, having earlier spent two years there as an Executive Assistant. She holds a BA in Marketing from Western International University.

kamie@blueventurefund.com

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.

Noah Trapp· Associate

Noah Trapp is an Associate at the Blue Venture Fund. He previously worked as a Senior Consultant at HealthScape Advisors, A Chartis Company, focusing on organizational strategy and network analytics, and earlier as a Technical Solutions Engineer at Epic, where he worked with hospital systems on EHR customization. He earned a Bachelor of Science in Biomedical Engineering from the University of Wisconsin-Madison.

noah@blueventurefund.com

Ryan Lynch· Associate

Ryan Lynch is an Associate at the Blue Venture Fund. He previously spent five years in the MedTech and Life Sciences industry at Becton Dickinson (BD), where he completed the Finance Leadership Development Program and later worked on commercial strategy in the Biosciences division. He also held internships at JJDC (Johnson & Johnson's corporate venture arm) and Joyance Partners, and holds an MBA from the University of Chicago Booth School of Business and a BS in Accounting from Brigham Young University.

rlynch@blueventurefund.com

Sean Carlin· Financial Analyst· Chicago, Illinois

Sean Carlin is a Financial Analyst at Sandbox Industries, where he supports the finance and portfolio teams with financial and data analysis, operations, portfolio reporting, valuations, and treasury management. He previously worked as a Fund CFO Analyst at DWS Group within its portfolio management group covering institutional real estate funds. He holds MS and BBA degrees in Finance from the University of Iowa Tippie College of Business.

sean@sandboxindustries.com

Edward McGill· Vice Presidentin

Financial Controller at 4BIO Capital, an FCA.

What they invest in

from 42 of 64 portfolio companies

Digital Health ×36Healthtech ×34SaaS ×16AI & Machine Learning ×11Enterprise Software ×9Medical Devices ×7Mental Health ×7Biotech ×5

HQs:United States×31United Kingdom×1

Who they back

founder profiles across 27 portfolio companies

52%

solo founders

14 of 27 mapped founding teams

30%

repeat founders

of 27 founders with career history

Founding team size:solo founder×142 founders×83 founders×5

Where their founders studiedfrom 26 founders with education data

University of Oxford ×3Harvard Business School ×2Harvard T.H. Chan School of Public Health ×2Northwestern University ×2University of California, Berkeley ×2

What their founders studiedfrom 24 founders with field-of-study data

Medicine ×7Business & Management ×5Engineering ×5Life Sciences ×3Computer Science ×2Finance & Accounting ×2

Where their founders worked beforefrom 27 founders with career history

Health Evolution ×2NHS ×2Stanford University ×2World Health Organization ×2YPO ×2

3 founders hold a PhD · 4 hold an MBA (of 26 with degree data)

Investments · 64 tracked

founders shown can be your intro path

By year:2024 · 2 2023 · 1 2021 · 2 2020 · 1 2018 · 1 2014 · 18 dated

Accessnewswireaccessnewswire.comNYSE: ACCS

Brian Balbirnie(Founder)inBrian R. Balbirnie(Director, President, Chief Executive Officer and Chairperson of the Board)in

Co-investorsDeciens Phoenix Capital Ventures

HeartFlowheartflow.com in 𝕏NASDAQ: 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)in Charles A. Taylor(Executive Officer, Director)inNicky Espinosa Hayes(Executive Officer)John Stevens(Executive Officer, Director)inH. Baird Radford, III(Executive Officer)John Farquhar in

Co-investors3Spoke Capital Bain Capital Life Sciences Emergent Medical Partners, LLP Khosla Ventures Lifeforce Capital Lotus Capital +2 more

Phreesiaphreesia.com in 𝕏NYSE: 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)Evan Roberts(Executive Officer)in Charles Kallenbach(Executive Officer)in Thomas Altier(Executive Officer)inBalaji Gandhi(Chief Financial Officer)inDavid Linetsky(President, Network Solutions)in

Co-investorsAscension Ventures Escalate Capital Partners HLM Investment Partners LLR LRVHealth VantagePoint 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

Michael Laskoff(Executive Officer, Director)Trip Hofer inPaul Pieper(Executive Officer)Tom Brennan(Executive Officer)Frank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)

Co-investors.406 Ventures Bain Capital Ventures HLM Investment Partners Optum Ventures Valspring Capital Horizon +1 more

Alacuraalacura.com

Alacura is a specialty benefit manager that oversees clinical and logistical coordination of medical transportation for hospitals, health plans, and patients.

Digital HealthEnterprise SoftwareHealthtechLogistics & Supply Chain

Co-investorsHC9 Ventures WP Global Partners

ArroHealtharrohealth.comAcquired

ArroHealth provided medical record retrieval, coding, and analytics services that helped health plans manage risk-adjustment and HEDIS reporting for Medicare Advantage, commercial, and Medicaid populations.

Co-investorsHLM Investment Partners New Mountain Capital

Aspire Healthaspirehealthcare.com inacquired by CareMore Health (Anthem) · Jun 2018

Nashville-based provider of home and outpatient community-based palliative care for seriously ill patients, acquired by Anthem in 2018.

Digital HealthHealthtechNashville, US

Brad Smith(Executive Officer, Director)Andrew Lasher(Executive Officer)Diane Seloff(Executive Officer)William Anderson(Executive Officer)in William Frist(Director)in

Board Ann Lamont(Director)in

Co-investorsFrist Cressey Ventures GV (Google Ventures)Lifeforce Capital Mountain Group Capital Oak HC/FT Sandbox Industries

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-investorsAlumni Ventures Bascom Ventures New Enterprise Associates (NEA)Maverick Ventures Maverick Ventures Israel

Big Healthbighealth.com 𝕏

Big Health develops digital treatments and care programs for mental health conditions, including cognitive behavioral therapy-based solutions for insomnia and other mental health issues.

Digital HealthHealthtechMental Health

Peter Hames(Co-founder)inColin Espie(Co-founder)

Co-investors.406 Ventures AlleyCorp Index Ventures Innovation Global Capital Kaiser Permanente Ventures Molten Ventures +8 more

Bluestone Physician Servicesbluestonemd.com in

Bluestone provides value-based primary care for high-needs patients, including those with dementia, mobility challenges, or serious illness, under Medicare programs such as the LEAD Model.

Digital HealthHealthtechLongevity

CareCentrixcarecentrix.com in

CareCentrix provides in-home care coordination solutions to health payors, helping members access appropriate home-based care through a national network of providers.

Digital HealthHealthtechWellness & Fitness

Co-investorsSycamore Ventures

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)inJENNIFER PEARCE(Executive Officer)inSCOTT REICH(Executive Officer)in

Co-investors7wire Ventures Bootstrap Venture Partners Corewell Health Ventures Drive Capital Rockies Venture Club Sand Hill Angels +1 more

Contessa Healthcontessahealth.com in 𝕏

HealthtechNashville, US

Travis Messina(Executive Officer, Director)inDavid Coppeans(Executive Officer)in

BoardCharles Martin, Jr.(Director)W. Spence McClelland(Director)Frank Coliano(Director)Dipa Talati Mehta(Director)in

Co-investorsMartin Ventures Noro-Moseley Partners Optum Ventures BlueCross BlueShield Venture Partners Health Velocity Capital Sandbox Advantage

Daymark Healthdaymarkhealth.com in

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)

Board Kelsey Maguire(Director)Ambar Bhattacharyya(Director)

Co-investorsHealthier Capital Maverick Ventures Oncology Ventures Alpha Partners Sandbox Industries Yosemite

Dripsdrips.com in

Drips provides AI-powered conversation management for regulated industries that interprets customer replies and automatically routes conversations to the next best action, rather than following fixed scripted paths.

AI & Machine LearningEnterprise SoftwareMarketing TechSaaS

Aaron Christopher Evans(Co-Founder and Executive Chairman)inAnthony Greco(Founder and Board Member)inTom Martindale(Founding Partner and Executive Chairman)in

Co-investorsAccel-KKR

Emidsemids.com

Healthcare company led by CEO Saurabh Sinha, cited as a Council Capital partner.

Co-investorsBaird Capital Council Union Grove Venture Partners BlueCross BlueShield Venture Partners New Mountain Capital

ExactCare Pharmacyexactcarepharmacy.com in 𝕏

ExactCare is a pharmacy service that delivers medications to patients' homes while providing ongoing clinical support to optimize medication effectiveness and safety.

Digital HealthHealthtechMedical DevicesCincinnati, US

Dale Wollschleger(Founder)in

Co-investorsNautic Partners

Exai Bio Inc.exai.bio in 𝕏Sep 2021

ExAI develops technology for early cancer detection, diagnosis, and management.

AI & Machine LearningBiotechDigital HealthMedical DevicesPalo Alto, US

Patrick A. Arensdorf(Executive Officer, Director)

Board Hani Goodarzi(Director)inMichael Pellini(Director)Alexander Parker(Director)

Co-investorsAmplify Partners S32

First Dollarfirstdollar.com in 𝕏

First Dollar offers the Health Wallet, a consumer application that consolidates health benefits such as HSAs, FSAs, and fertility benefits in one place.

Digital HealthFintechHealthtechSaaS

Co-investorsMeridian Street Capital Next Coast Ventures Rpm Ventures Iii Management, L.L.C.

HealthEdgehealthedge.com in 𝕏

HealthEdge provides cloud-based core administrative processing systems and digital engagement solutions for health plans and insurance companies.

Enterprise SoftwareHealthtechInsurTechSaaSBurlington, US

Robert Gillette(Executive Officer, Director)Kevin Adams(Chief Executive Officer)inMatt McLaughlin(Chief Financial Officer)in Chris Conte(Chief Revenue Officer)in Raj Sundar(Chief Strategy Officer)in Laura Hancock(Chief Customer Officer)in

Co-investorsCoatue Management Golub Growth HLM Investment Partners GE Ventures

Healthifyhealthify.usacquired by WellSky · Jul 2021

WellSky operates a network connecting post-acute and social care providers with health plans and government organizations to enable coordinated care management programs.

Digital HealthEnterprise SoftwareHealthtechSaaS

Co-investorsKapor Capital Activate Venture Partners Primary Venture Partners Sandbox Industries

Humata Healthhumatahealth.com in 𝕏May 2024

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)in Oscar Callejas(Executive Officer)in Michael Kolb(Executive Officer)in Philip Fibiger(Executive Officer)in

BoardWord D. Peake(Director)Thomas Hawes(Director)in

Co-investors.406 Ventures LRVHealth Optum Ventures OSF Ventures

Ideal Optionidealoption.com

Ideal Option provides office-based, medication-assisted outpatient treatment for addiction to opioids, alcohol, and other substances, operating clinics that function like primary care settings.

Digital HealthHealthtechMental Health

InsightIn Healthinsightinhealth.com in 𝕏Dec 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)inMarcia Kepler-Noor(President and Secretary)Steve Lefar(Director)Scott Sanner(Director)Zachary Giegel(Director)

BoardBinoy Bhansali(Director)

Co-investorsHealth Catalyst Capital Maryland TEDCO TCP Venture Capital TEDCO AARP

Limber Healthlimberhealth.com in 𝕏

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)inNirav Modi(Executive Officer)Ramon Castro(Executive Officer)Rick Gawenda(Director)Marc Gruner(Director)

Board Blake Patton(Director)in

Co-investorsTech Square Ventures

Lumerislumeris.com in 𝕏

Lumeris uses AI combined with human-centered design to address the U.S. primary care shortage, co-creating an AI tool called Tom with physicians and patients to deliver Primary Care as a Service.

AI & Machine LearningDigital HealthHealthtechSt. Louis, US

W. Michael Long(Chairman & Chief Executive Officer, Lumeris Group Holdings Corporation)

Co-investorsHavencrest Capital Management Kleiner Perkins BlueCross BlueShield Venture Partners Deerfield Management Company Sandbox Industries

naviHealthnavihealth.us

Provider of post-acute care management solutions.

Co-investorsAscension Ventures WCAS Clayton Dubilier & Rice

Nest Healthnesthealth.com in

Nest Health provides convenient, in-home and virtual healthcare for families, aiming to serve patients regardless of location or insurance status.

Digital HealthFemTechHealthtechImpact & Social GoodNew Orleans, US

Rebekah E. Gee MD MPH(Founder)in Rebecca Kavoussi(Co-founder)in Rebekah Gee(Chief Executive Officer & Founder)in Michael Meador(Executive Officer)in Janell Wilson(Executive Officer)in Kelsie Brandt(Chief Operating Officer)in

Co-investorsAlumni Ventures 8VC Amboy Street Ventures Gaingels Hopelab Impact America Fund +9 more

Noctrix Healthnoctrixhealth.comJan 2021

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)inShriram Raghunathan(Executive Officer, Director)

BoardChau Khuong(Director)inAllan May(Director)Mudit Jain(Director)in Tracy Pappas(Director)in

Co-investorsAngelini Ventures Joyance Partners OrbiMed Treo Ventures, Llc Zühlke Ventures Bridge Bank +2 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)in Doug Biehn(President and CEO)in

Co-investorsNorthpond Ventures Sandbox Industries Section 32 Echo Health Ventures Hikma Ventures Merck Global Health Innovation Fund +3 more

Oncohealthoncohealth.us in

OncoHealth develops software and services to help health plans, employers, and oncologists manage cancer care and reduce treatment complexity.

Digital HealthHealthtechMedical DevicesMental HealthSaaS

Jon Maack(Chief Executive Officer)in

Co-investorsArsenal Baird Capital Cobalt Ventures McKesson Ventures Oak HC/FT Sand Hill Angels

Owlowl.health

Owl provided behavioral health measurement and analytics technology, and has been acquired by NeuroFlow, a behavioral health technology and analytics platform.

Digital HealthHealthtechMental Health

Co-investorsAscension Ventures Portland Seed Fund

Pentec Health Celebrates 35th Anniversaryin 𝕏acquired by Wellspring Capital Management · Oct 2021

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

Marketing TechMedia & EntertainmentSaaS

Co-investorsAdvance Venture Partners Angel Physicians Fund Avestria Ventures Aviv Venture Capital BIGR Ventures Buoyant Ventures Management, Llc+15 more

Perspectumperspectum.com in 𝕏

Perspectum develops digital medical technology and diagnostics using multiparametric MRI to assess and diagnose chronic systemic diseases including liver disease, long COVID, diabetes, and cancer for clinicians and patients.

AI & Machine LearningBiotechDigital HealthHealthtechMedical DevicesOxford, GB

Rajarshi Banerjee(CEO)in

Co-investorsOxford Science Enterprises British Patient Capital HealthQuest Capital Sandbox Industries

Physeraphysera.com 𝕏acquired by Omada Health · May 2020 · $30M

Physera (part of Omada Health) provides virtual musculoskeletal (MSK) care through a nationwide network of licensed physical therapists, offering personalized treatment plans, in-app messaging, and computer vision-based range-of-motion tracking.

Digital HealthHealthtechWellness & Fitness

Co-investorsExpa J-Ventures Lux Capital BlueCross BlueShield Venture Partners

PicassoMDpicasso.md inSep 2024

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)in Reza Sanai MD, FACC(Founder)inSean Carpenter(CTO)in

BoardDale White(Director)Gareth Dickens(Director)in

Co-investorsAAF Management Ltd.Greycroft Crosscut Ventures Fifth Wall Gaingels Global Founders Capital

Picwellpicwell.com in 𝕏Acquired

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)inAnirudh Vemprala(Executive Officer, Director)

BoardKevin Hill(Director)

Co-investorsMassMutual Ventures OUP (Osage University Partners)SeaX Ventures BlueCross BlueShield Venture Partners Osage University Partners

Pink Dxpinkdx.com in 𝕏Sep 2023

PinkDx is a diagnostics company developing tests, led by a leadership team spanning scientific, medical, and business functions.

BiotechDigital HealthFemTechIndianapolis, US

Richard T. Kloos(Chief Medical Officer)inTimothy McMeekan(Co-Founder, Chief Financial Officer, and Chief Business Officer)Giulia Kennedy(Co-Founder and Chief Scientific Officer)Isaac Ro(Director)in Risa Stack(Director)inEric Wang(Executive Officer)

Co-investorsBEVC Catalio Capital Management, LP Mountain Group Capital Sandbox Industries

Provepayfone.com

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

Co-investorsApax Digital MassMutual Ventures Opus Capital Second Alpha Partners Capital One Ventures

Rularula.com in

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 Partners Icon Ventures Koch Disruptive Technologies Meridian Street Capital PROOF SemperVirens Venture Capital +4 more

Sempre Healthsemprehealth.comAug 2018

Sempre Health provides digital health solutions focused on patient engagement and outcomes management for the healthcare industry.

Digital HealthHealthtechSan Francisco, US

Anurati Mathur(Executive Officer, Director)inSwaraj Banerjee(Executive Officer, Director)inRobert S. Spalding(Executive Officer, Director)Ashley Carroll(Director)

Board Jenny Abramson(Director)inTyler Rowe(Director)

Co-investorsCencora Ventures Cerity Partners Ventures Echo Health Ventures Lifeforce Capital Rethink Impact Sterling Road +3 more

SketchDecksketchdeck.com in 𝕏SeedAcquired

SketchDeck provides embedded teams of creative, marketing, and digital talent that integrate into client organizations to handle marketing operations and creative work.

Enterprise SoftwareFuture of WorkMarketing TechSaaSSan Francisco, US

Chris Finneral(Founder/CEO)in David Mack(Founder/CTO)in

Co-investorsBlue Collective Y Combinator Avlok Capital BDC Capital Corporation BKR Capital Boreal Ventures +6 more

Solera Healthsoleranetwork.com in

Solera operates a digital health delivery network and matching platform that guides health plan members and employees to virtual condition-management programs from over 30 digital providers.

AI & Machine LearningB2B MarketplacesDigital HealthHealthtechSaaSPhoenix, US

Brenda Schmidt(Executive Officer, Director)in

Co-investorsCobalt Ventures SJF Ventures Adams Street Partners Alliance Healthcare Foundation Horizon Blue Cross Blue Shield of New Jersey Sandbox Industries

Somatussomatus.com in

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)inAlexander Houlday(Executive Officer)inStacey Queen-Pyndell(Executive Officer)Larry Renfro(Interim President & CEO)

BoardAnna Haghgooie(Director)Anthony Welters(Director)

Co-investorsFlare Capital Partners Optum Ventures HealthQuest Capital Defy Partners Longitude Capital RA Capital +7 more

SwipeSenseswipesense.com in

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)in Yuri Malina(Executive Officer, Director)inAndrew Berthusen(Chief Executive Officer)

Board Lior Susan(Director)in Randall Crowder(Director)inDaniel Phillips(Director)

Co-investorsNat Turner New Ground Ventures TEXO Ventures Eclipse Ventures Sandbox Industries

Wellframewellframe.com 𝕏

Wellframe provides digital member engagement and care management solutions for health plans.

Digital HealthHealthtechSaaS

Jacob Sattelmair(Founder)in Dr Trishan Panch(Founder)in

Co-investorsF-Prime Capital Threshold Ventures Waterline Ventures BlueCross BlueShield Venture Partners DFJ

ZeOmegazeomega.com in 𝕏

ZeOmega provides healthcare enterprise management software for health plans and other risk-bearing organizations, offering integrated care management, prior authorization, and workflow solutions.

AI & Machine LearningCloud ComputingDigital HealthEnterprise SoftwareHealthtechSaaSPlano, US

Co-investorsBlueCross BlueShield Venture Partners Bregal Sagemount Sandbox Industries

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Bloom HealthChange HealthcareCirrusMDFort HealthHealthboxID ExpertsInitiate SystemsInVivoLinkNexidiaOncaiOriginPatientcoPWNHealthSmartData SolutionsThriveVerata HealthWaltz Health

Exits · 18

3 IPOs · 15 acquisitions · showing 14

AccessnewswireNYSE: ACCSHeartFlowNASDAQ: HTFLPhreesiaNYSE: PHRAspire Healthacq. by CareMore Health (Anthem)Bloom Healthacq. by Empyrean Benefit SolutionsHealthboxacq. by HIMSSHealthifyacq. by WellSkyInitiate Systemsacq. by IBMInVivoLinkacq. by HCA Healthcare (HealthTrust Purchasing Group)Nexidiaacq. by NICE Ltd.Patientcoacq. by WaystarPentec Health Celebrates 35th Anniversaryacq. by Wellspring Capital ManagementPhyseraacq. by Omada HealthVerata Healthacq. by Olive AI

Portfolio news

latest coverage across their companies

Nest Health Raises $22.5M in Series A Funding

Nest Health · finsmes.com · Nov 24, 2025

Electronic Hand Hygiene Monitoring 2025 Investment | SwipeSense Healthcare Technology | Health IT | SwipeSense

SwipeSense · swipesense.com · Oct 30, 2025

Octave Bioscience Raises $35M in Series C Financing

Octave · finsmes.com · Sep 5, 2025

Noctrix Health Raises Up To $33.5M in Debt and Equity Funding

Noctrix Health · finsmes.com · Sep 2, 2025

CareCentrix To Operate As A Private Standalone Company Following Acquisition By Sycamore Partners - CareCentrix

CareCentrix · carecentrix.com · Aug 28, 2025

Daymark Health Launches with $11.5M in Funding to Redefine the Cancer Care Experience

Daymark Health · prnewswire.com · Apr 3, 2025

Frequently asked questions

How many investments has Blue Venture Funds made?: Blue Venture Funds has 64 tracked investments, 18 of which have exited.
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 HLM Venture Partners, Optum Ventures, .406 Ventures, among 140 tracked co-investors.

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