Cobalt Ventures
Corporate VCKansas City · Series A–Series B · 2 people tracked
Investment thesis
Cobalt Ventures invests in healthcare companies that improve access, affordability and quality of care for healthcare consumers. As the corporate venture arm of Blue Cross and Blue Shield of Kansas City, its model aligns the strategic priorities of healthcare payers and providers with the commercial milestones of its portfolio companies, creating a flywheel of value. The firm focuses heavily on digital health and payer-relevant solutions, supporting founders on product and go-to-market strategies targeted at the payer ecosystem.
Source: firm website, verified Aug 7, 2026.
Team · 2 people
from public directories
What they invest in
from 21 of 21 portfolio companiesHealthtech ×19Digital Health ×17SaaS ×9Enterprise Software ×7Mental Health ×4AI & Machine Learning ×3Fintech ×3Data & Infrastructure ×2
HQs:United States×16
Who they back
founder profiles across 9 portfolio companiesFounding team size:solo founder×72 founders×2
Investments · 21 tracked
founders shown can be your intro path
AristaMD is a technology-enabled clinical services provider that connects primary care physicians with board-certified specialists through eConsults to improve access to specialty care and reduce costs.
Digital HealthEnterprise SoftwareHealthtechSaaSSan Diego, US
Keith Pinter(Chief Executive Officer)inJulia Jezmir(President and Chief Medical Officer)inBrooke LeVasseur(Executive Officer, Director)inDouglas Downs(Executive Officer, Director)Rebecca Cofinas(Executive Officer, Director)
BoardJohn Kuelper(Director)in
Co-investorsAscension Ventures.406 VenturesMemorialCare Innovation FundOptum VenturesAvalon BioVenturesAvalon Ventures Management, Llc
Bardavon Health Innovations provides clinical case management and care coordination services for injured workers in the workers' compensation space, guiding them through recovery and return-to-work processes.
Digital HealthEnterprise SoftwareHealthtechInsurTech
Matthew Condon(CEO (until early 2024))in
Co-investorsNewRoad Capital Partners, LLC
Bicycle Health provides treatment and support for opioid use disorder (OUD).
Digital HealthHealthtechMental HealthRedwood City, US
Ankit Gupta(Founder)inRuss PhillipsinChris Norrisin
BoardEvan Richardson(Director)Kelly Clark(Chief Clinical Advisor)
Co-investorsCity LightFrist Cressey VenturesNext Play VenturesQuesta CapitalSignalFire
Cedargate provides a unified software platform for healthcare organizations transitioning to value-based care models, with integrated data management, analytics, decision support, and claims processing tools.
Data & InfrastructureDigital HealthEnterprise SoftwareHealthtechSaaSDarien, US
Mr. Snow(Founder, Chairman and CEO)Dave Snow(Head of VBC, VP)
Co-investorsAscension Ventures
Concord is a technology consultancy that helps organizations modernize and rebuild their software applications to support digital transformation goals.
AI & Machine LearningData & InfrastructureEnterprise SoftwareMarketing TechSaaS
Co-investorsH.I.G. Capital
Handspring provides virtual mental health therapy for children, teens, and young adults, with insurance coverage and rapid access to care without waitlists.
Digital HealthHealthtechMental Health
Sahil Choudhryin
Co-investors25MadisonCornucopian Capital ManagementNextView VenturesNVP CapitalRPS VenturesVamosVentures+3 more
MedArrive provides software for scheduling, routing, and real-time tracking of in-home care delivery teams.
HealthtechLogistics & Supply ChainSaaSNew York, US
Inna Plumb(Executive Officer)Daniel Trigub(Executive Officer, Director)
BoardWilliam Sullivan(Director)Annie Case(Director)inAndy Harrison(Director)Agneta Breitenstein(Director)in
Co-investors7wire VenturesCorewell Health VenturesDeclaration PartnersKleiner PerkinsDefine VenturesSection 32
National Medical Funding Services provides hospitals with solutions to improve administrative efficiency on denied claims, accelerate claim payments, and enhance financial visibility within their revenue cycle operations.
Digital HealthFintechHealthtechSaaSMaryland, US
HealthtechDenver, US
Edward Likovich(Executive Officer, Director)James Cook(Executive Officer, Director, Promoter)
BoardThomas Virden(Director)Ben Wire(Director)inChris Saxman(Director)Rohit Seth(Director)
Co-investorsAllied Venture PartnersFemHealth VenturesForefront VentureHealthtech CapitalRockies Venture ClubSocial Starts+2 more
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)
Co-investorsArsenalBlue Venture FundsMcKesson VenturesOak HC/FTBaird CapitalSand Hill Angels
PayForward provides payment and financial technology solutions for the healthcare sector.
Digital HealthEnterprise SoftwareFintechHealthtechValencia, US
Ronald Silos(Manager of PayForward, LLC)Steven Marks(Manager of PayForward, LLC)Armando Rand(Chief Executive Officer and Co-Founder)
Co-investorsMoneta VenturesMultiplier CapitalStruck Capital
RecoveryOne provides digital musculoskeletal care solutions including virtual physical therapy, motion tracking, and care navigation for health plans and healthcare organizations serving members with MSK conditions.
Digital HealthHealthtechSaaSWellness & Fitness
Unnamed orthopedic surgeon(Founder)
Scipher Medicine is a precision immunology company that combines molecular data from autoimmune patients, protein interaction mapping, and AI to match patients with the most effective therapy for immunological diseases.
AI & Machine LearningBiotechDigital Health
Joseph Loscalzo(Founder | Physician-in-Chief, Brigham and Women's Hospital)Albert-László Barabási(Founder | Professor, Harvard and Northeastern University)
Co-investorsaMoonKhosla VenturesB3 HoldingEcho Health VenturesHitachi VenturesOptum Ventures+1 more
HealthtechLas Vegas, US
Aran Ron(Director)Elliot Moskow(Director)Frederick Leathers(Executive Officer)Ellis Landau(Director)Matthew Jacobs(Director)Eric Moskow(Executive Officer, Director)
Secondwave is a healthcare services firm that helps health plans, provider groups, and accountable care organizations optimize risk adjustment and quality improvement in value-based care models.
Digital HealthEnterprise SoftwareHealthtech
Solera Health operates a value-based digital health platform that matches members and employees to curated virtual care programs across conditions such as digestive health, hypertension, mental health, musculoskeletal, weight management, and diabetes.
B2B MarketplacesDigital HealthHealthtechPhoenix, US
Brenda Schmidt(Executive Officer, Director)in
Co-investorsBlue Venture FundsSJF VenturesAdams Street Partners
SpectrumAi builds data analytics and AI-based software for Applied Behavior Analysis (ABA) providers, serving BCBAs and behavior technicians as well as payors.
AI & Machine LearningDigital HealthHealthtech
Ling Shao(Founder & CEO)inJoseph Adu(Chief Technology Officer)inLiz Hevenstone(Chief Commercial Officer)in
Co-investorsFrist Cressey VenturesAIFCVS Health VenturesF-Prime Capital
Thirdwave RX develops proprietary technology and rebate management solutions for the healthcare industry, serving long-term care facilities and other healthcare organizations.
Digital HealthEnterprise SoftwareHealthtechSaaS
Scott Taylor(Chief Operating Officer)Joseph Zavalishin(Chief Financial Officer)Rammy Joudeh(Chief Technology Officer)
Vera Whole Health provides primary and preventive healthcare through care teams that include providers and health coaches, offering services such as diabetes education and chronic condition management.
Digital HealthHealthtechWellness & Fitness
Portfolio news
latest coverage across their companiesMedArrive · homehealthcarenews.com · Mar 19, 2026
Bicycle Health · bhbusiness.com · Jan 27, 2026
Oncohealth · castleplacement.com · Jun 25, 2025
Frequently asked questions
- How many investments has Cobalt Ventures made?
- Cobalt Ventures has 21 tracked investments.
- What stage does Cobalt Ventures invest at?
- Cobalt Ventures invests at the Series A, Series B stages.
- What is Cobalt Ventures's typical check size?
- Cobalt Ventures typically writes checks of $10M – $75M.
- What sectors does Cobalt Ventures focus on?
- Cobalt Ventures focuses on Digital Health, Enterprise Software, Healthtech, SaaS.
- Where is Cobalt Ventures located?
- Cobalt Ventures is headquartered in Kansas City, US.
- Who does Cobalt Ventures co-invest with?
- Cobalt Ventures most often shares deals with Ascension Ventures, Frist Cressey Ventures, Optum Ventures, among 42 tracked co-investors.
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