San 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 Γ4AI & Machine Learning Γ3Data & Infrastructure Γ2Medical Devices Γ2Biotech Γ1E-commerce Γ1
HQs:United StatesΓ5
Investments Β· 12 tracked
founders shown can be your intro path
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 VenturesTechstars
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 HealthHealthtechSaaS
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(Co-Founder & Chief Executive Officer)Saurabh Gombar(Co-Founder & Chief Medical Officer)NEIL SANGHAVI(Executive Officer)
BoardMATTHEW BETTONVILLE(Director)JAMES BREYER(Director)in
Co-investorsYosemiteBreyer CapitalCerity Partners Venturesmark vcMcKesson VenturesPresidio Ventures+1 more
House Rx provides a platform that enables physicians and pharmacists at specialty clinics to collaborate on medical and pharmacy care delivery.
Enterprise SoftwareHealthtechSaaS
Co-investors1984 Ventures Management, LlcBessemer Venture PartnersCharacterLRVHealthMaverick Ventures
Lumata Health provides eye care support services built by specialists in ophthalmology, biomedical engineering, data science, and healthcare services.
Digital HealthHealthtechMedical DevicesOklahoma City, US
Matt Wills(Co-Founder and President)Stephen Fransen(Chairman and Co-Founder)J. Matthew Wills(Executive Officer, Director)Landon Grace(Chief Executive Officer)Nastran Andersen(Chief Growth Officer)Dana Boyd(Chief of Staff)
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 Road
HealthtechSan Francisco, US
Anurati Mathur(Executive Officer, Director)Swaraj Banerjee(Executive Officer, Director)Ashley Carroll(Director)
BoardJenny Abramson(Director)in
Co-investorsBlue Venture FundsEcho Health VenturesRethink ImpactSandbox
TrakCel provides OCELLOS, a Salesforce-powered cellular orchestration platform for managing cell and gene (advanced) therapy supply chains, giving therapy developers patient-by-patient visibility with full chain-of-identity and chain-of-custody audit trails.
HealthtechLogistics & Supply ChainSaaS
Co-investorsTelegraph Hill Partners
Vetsource provides veterinary practices with prescription management, client engagement (Vet2Pet), and data benchmarking tools, along with home delivery of pet medications for pet owners.
E-commerceHealthtechSaaS
Co-investorsValspring 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 23 tracked co-investors.
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