Fundraising Fox

BlueRun Ventures

Venture capital

San Francisco · Seed–Series A · 9 people tracked

Also known as BRV MANAGEMENT CO, L.L.C.

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Investment thesis

BRV focuses on partnering with entrepreneurs who are advancing their industries and solving significant problems. The firm concentrates its investments in fintech, digital health, enterprise software, and consumer experiences, aiming to support founders in building ambitious companies.

Invests inConsumerDigital HealthEnterprise SoftwareFintechAsia-PacificChinaMenlo ParkNorth AmericaSan FranciscoSouth KoreaUnited States

Source: firm website, verified Aug 3, 2026.

Stage
Seed–Series A
Check
$1M – $6M
HQ
San Francisco, California, US
Leads rounds
Follows
Instruments
Equity
Founded
1998
AUM
$1.1B
VC funds
5
Tracked investments
12

Team · 9 people

from the firm's website & public directories

What they invest in

from 6 of 12 portfolio companies

AI & Machine Learning ×3Enterprise Software ×3Healthtech ×3SaaS ×3Fintech ×2Digital Health ×1Hardware ×1Medical Devices ×1

HQs:United States×9Singapore×1

Investments · 12 tracked

founders shown can be your intro path
Tinyandtiny.comin𝕏OTC: TNYZF

Tiny builds an ERP platform that uses AI agents to handle routine manufacturing tasks for factories, targeting the large share of production facilities still dependent on spreadsheets and unstructured data systems.

Enterprise SoftwareSaaSSingapore, SG

Edward Zhang(Co-Founder and CTO)inTim McElvaine(Director)Chris Sparling(Executive Officer, Director)Carla Matheson(Director)Jordan Taub(Executive Officer)Alexander Conconi(Director)

Blue Feverbluefever.cominSEC filingmedium confidence

Blue Fever is a social platform designed for young people to express themselves and find mental health support through private AI conversations, group journaling, and peer support communities.

AI & Machine LearningHealthtechMental HealthSocialWellness & FitnessMarina del Rey, US

Lauren Tracy(Executive Officer)

Board seatJonathan Ebinger· per SEC Form D · $5.6M raise · filed Jun 2022

Cioniccionic.cominSEC filingmedium confidence

Cionic develops the Neural Sleeve, an FDA-cleared wearable device that uses electrical muscle stimulation to improve walking and mobility for people with neurological conditions including Multiple Sclerosis, stroke, cerebral palsy, and spinal cord injury.

HardwareHealthtechMedical DevicesSan Francisco, US

Jeremiah Robison(Executive Officer, Director)

Board seatJohn Malloy· per SEC Form D · $12M raise · filed Oct 2023

Citius HoldingsSEC filingmedium confidence

Mexico City

Jean Bernard Luc Rolland(Director)Jonathan Ebinger(Director)Ruben Alfredo S?nchez Souza(Director)Roman Leal(Director)

Board seatJonathan Ebinger· per SEC Form D · $10.1M raise · filed Feb 2019

Coupacoupa.comin𝕏SEC filingmedium confidence

Coupa provides an AI-native platform for business spend management, covering procurement, finance, and supply chain operations for enterprises.

AI & Machine LearningEnterprise SoftwareFintechSaaS<UNKNOWN>, US

Jonathan Ebinger(Director)Scott Thompson(Director)Bryan Stolle(Director)Roger Siboni(Director)Jon Stueve(Executive Officer)Rob Bernshteyn(Executive Officer, Director)

Board seatJonathan Ebinger· per SEC Form D · $80M raise · filed Jun 2015

Freedom Payfreedompay.cominSEC filingmedium confidence

FreedomPay provides a payment orchestration platform that connects to over 1,500 third-party solutions, enabling businesses to manage transactions across POS, mobile, web, and other channels through a single integration.

Enterprise SoftwareFintechSaaSRadnor, US

Jonathan Ebinger(Director)Thomas E. Durovsik(Executive Officer, Director)Marshall Durston(Director)

Board seatJonathan Ebinger· per SEC Form D · $6M raise · filed Jan 2016

HausCoinSEC filingmedium confidence

San Francisco, US

Jonathan McNulty(Chief Executive Officer of Issuer's Manager)Garrett Camp(Director of Issuer's Manager)Jonathan Ebinger(Director of Issuer's Manager)

Board seatJonathan Ebinger· per SEC Form D · filed Feb 2022

Hello Hearthelloheart.comin𝕏SEC filingmedium confidence

Hello Heart is an AI company that builds preventive heart health solutions to help people lower their cardiovascular risk.

AI & Machine LearningDigital HealthHealthtechMenlo Park, US

Maayan Cohen(Executive Officer, Director)Cheryl Cheng(Director)Ziv Meltzer(Executive Officer, Director)

BoardAlex Morgan(Director)

Board seatJohn Malloy· per SEC Form D · $70M raise · filed May 2022

ImprovoniaSEC filingmedium confidence

Washington, US

Konstantin Zvereff(Chief Executive Officer)Jagmohan Bansal(Secretary)

Board seatJonathan Ebinger· per SEC Form D · $10.1M raise · filed May 2017

Kabbagekabbage.comSEC filingmedium confidence

Atlanta, US

Milton Berlinksi(Director)Don Butler(Director)James Douglas(Executive Officer)David Thevenon(Director)L. Scott Askins(Executive Officer)Bryan Stolle(Director)

Board seatJonathan Ebinger· per SEC Form D · $161.1M raise · filed Sep 2017

Loyal Foundry HoldingsSEC filingmedium confidence

Cardiff-By-The-Sea, US

Thomas Kenney(Executive Officer, Director)Jonathan Ebinger(Director)Raymond Green(Executive Officer, Director)Brian Hirsch(Director)Rick Smith(Director)Allen Wolff(Executive Officer)

Board seatJonathan Ebinger· per SEC Form D · $6.9M raise · filed Dec 2023

Terms and Conditionsflywheelsites.com

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Fund performance · per public LP disclosures · 6

as of Jun 2025
FundVintageCommittedNet IRRTVPIDPI
BRV Lotus Fund III, L.P.LPs: California Public Employees' Retirement System20224.4%1.12x0.06x
Blue Run Ventures V, LPLPs: California State Teachers' Retirement System20142.5%1.23x0.37x
Blue Run Ventures IVLPs: The Regents of the University of California, California State Teachers' Retirement System200822.3%2.45x2.36x
Bluerun Ventures IV, L.PLPs: The Regents of the University of California200736.8%2.85x0.46x
Blue Run VenturesLPs: California State Teachers' Retirement System, The Regents of the University of California20055.5%1.42x1.33x
BLUERUN VENTURES, L.P.LPs: The Regents of the University of California6.6%1.39x0.85x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does BlueRun Ventures invest at?
BlueRun Ventures invests at the Seed, Series A stages.
What is BlueRun Ventures's typical check size?
BlueRun Ventures typically writes checks of $1M – $6M.
What sectors does BlueRun Ventures focus on?
BlueRun Ventures focuses on Consumer, Digital Health, Enterprise Software, Fintech.
Where is BlueRun Ventures located?
BlueRun Ventures is headquartered in San Francisco, US.
Does BlueRun Ventures lead rounds?
BlueRun Ventures typically participates in rounds rather than leading them.

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52 more co-investors

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Firms observed investing alongside BlueRun Ventures, from public investor directories. Shared companies are the overlap with BlueRun Ventures's recorded portfolio.

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