Cencora Ventures
Corporate VCSan Francisco Β· SeedβSeries B
Investment thesis
Cencora Ventures backs innovative entrepreneurs working to transform the future of healthcare and create healthier outcomes for people and animals worldwide. As a $150 million corporate venture fund tied to Cencora (formerly AmerisourceBergen), it not only invests capital but also offers commercial support to emerging healthcare startups, leveraging the parent company's healthcare distribution and services reach.
Source: firm website, verified Aug 3, 2026.
What they invest in
from 11 of 12 portfolio companiesHealthtech Γ11Digital Health Γ6SaaS Γ5AI & Machine Learning Γ3Medical Devices Γ3Biotech Γ2Data & Infrastructure Γ2Enterprise Software Γ2
HQs:United StatesΓ6United KingdomΓ1
Who they back
founder profiles across 8 portfolio companiesFounding team size:solo founderΓ42 foundersΓ23 foundersΓ14+ foundersΓ1
Investments Β· 12 tracked
founders shown can be your intro pathBy year:2024 Β· 22023 Β· 12018 Β· 14 dated
Acclinate builds patient recruitment and data infrastructure for clinical research, connecting pharmaceutical companies with representative, diverse communities to improve research representation and health equity.
AI & Machine LearningData & InfrastructureHealthtechMedical DevicesWellness & FitnessHuntsville, US
Del Smith(Co-Founder & CEO)inTiffany Whitlow(Co-Founder & Chief Development Officer)in
BoardJason Dinger(Director)inAaron Walker(Director)Ivor Horn(Director)
Co-investorsCerity Partners VenturesTechstarsLatimer Ventures
Annexus Health provides tech-enabled software and services, including its AssistPoint platform, that help healthcare organizations, infusion centers, specialty pharmacies, life science companies, and charitable foundations connect patients with financial assistance and access resources.
Digital HealthHealthtechSaaSCranberry Township, US
Brad Frazier(Founder)in
Co-investorsTRANSFORMATION CAPITAL
Atropos Health develops a cloud-based platform that generates real-world evidence from electronic health records to inform clinical decision-making and healthcare research.
AI & Machine LearningData & InfrastructureDigital HealthHealthtechStanford, US
Nigam Shah(Co-Founder & Chief Data Scientist)Brigham Hyde(Chief Executive Officer & co-Founder)inSaurabh Gombar(Chief Medical Officer & co-Founder)inNigam Shah, PhD MBBS(Co-Founder of Atropos Health & Chief Data Scientist at Stanford Health Care)NEIL SANGHAVI(Executive Officer)in
BoardMATTHEW BETTONVILLE(Director)
Co-investorsYosemiteBreyer CapitalCerity Partners Venturesmark vcMcKesson VenturesPresidio Ventures+2 more
House Rx provides a platform that enables physicians and pharmacists at specialty clinics to collaborate on medical and pharmacy care delivery.
Enterprise SoftwareHealthtechSaaS
Ogi Kavazovic(Founder)in
Co-investors1984 Ventures Management, LlcBessemer Venture PartnersNew Enterprise Associates (NEA)CharacterLRVHealthMaverick Ventures
Lumata Health provides a Continuous Care program for eye care practices, helping patients stay on track with appointments and treatment adherence while addressing barriers to care.
Digital HealthHealthtechOklahoma City, US
Matt Wills(Co-Founder and President)inStephen Fransen(Chairman and Co-Founder)inDr. FransenJ. Matthew Wills(Executive Officer, Director)Landon Grace(Chief Executive Officer)inNastran Andersen(Chief Growth Officer)in
Co-investorsCortado VenturesLRVHealthMcKesson VenturesWolfpack Investor Network
Risa Labs provides automated prior authorization and revenue-cycle workflows for oncology practices, handling Part B and Part D drug authorizations, eligibility and benefit verification, claims status tracking, and denial management.
AI & Machine LearningDigital HealthHealthtech
Co-investorsBetter CapitalOncology VenturesOptum VenturesZ21 VenturesGeneral Catalyst
Sempre Health provides digital health solutions focused on patient engagement and outcomes management for the healthcare industry.
Digital HealthHealthtechColorado Springs, US
Anurati Mathur(Founder)inRobert S. Spalding(Executive Officer, Director)
BoardTyler Rowe(Director)Benjamin J. Doramus(Director)Kelsey Gorman(Director)
Co-investorsCerity Partners VenturesEcho Health VenturesLifeforce CapitalRethink ImpactSterling RoadIndustry Ventures
HealthtechSan Francisco, US
Anurati Mathur(Executive Officer, Director)inSwaraj Banerjee(Executive Officer, Director)inAshley Carroll(Director)
BoardJenny Abramson(Director)in
Co-investorsBlue Venture FundsEcho Health VenturesIndustry VenturesRethink ImpactSandbox
MRN operates a decentralized clinical trial site network that connects trial sponsors with diverse patient populations through flexible, community-based delivery models.
BiotechDigital HealthEnterprise SoftwareHealthtechMedical DevicesSaaS
Dr Graham WylieElaine WylieinTodd McGrathinColin KnoxAlex WylieinSue Ayresin
TrakCel develops technology solutions for clinical trial services and cell therapy supply chain management, including cold chain logistics and software platforms for advanced therapy deployment.
BiotechHealthtechLogistics & Supply ChainMedical DevicesSaaSWales, GB
Dr Matthew Lakelin(Head of Consultancy Services & Co-Founder)Ravi Nalliah(Chief Executive Officer)inDr Akshay Peer(Chief Product Officer)
Co-investorsTelegraph Hill Partners
Vetsource provides digital prescription management and online pharmacy solutions for veterinary practices, enabling staff to streamline medication dispensing, manage client orders, and handle preventative care compliance through integrated workflows and branded e-commerce platforms.
E-commerceHealthtechRetail TechSaaS
Andrew Bane(Chief Executive Officer)in
Co-investorsBain Capital VenturesValspring Capital
Portfolio news
latest coverage across their companiesRisa Labs Β· biospace.com Β· Jan 14, 2026
Frequently asked questions
- How many investments has Cencora Ventures made?
- Cencora Ventures has 11 tracked investments.
- What stage does Cencora Ventures invest at?
- Cencora Ventures invests at the Seed, Series A, Series B stages.
- What is Cencora Ventures's typical check size?
- Cencora Ventures typically writes checks of $1M β $10M.
- What sectors does Cencora Ventures focus on?
- Cencora Ventures focuses on Biotech, Digital Health, Healthtech, Medical Devices.
- Where is Cencora Ventures located?
- Cencora Ventures is headquartered in San Francisco, US.
- Who does Cencora Ventures co-invest with?
- Cencora Ventures most often shares deals with Cerity Partners Ventures, McKesson Ventures, Bessemer Venture Partners, among 25 tracked co-investors.
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