Cobalt Ventures
Corporate VCKansas City · Series A–Series B · 6 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 · 6 people
from the firm's website & public directories
What they invest in
from 19 of 21 portfolio companiesHealthtech ×17Digital Health ×12SaaS ×8AI & Machine Learning ×3Enterprise Software ×3Fintech ×2Mental Health ×2Wellness & Fitness ×2
HQs:United States×12
Investments · 21 tracked
founders shown can be your intro pathAristaMD 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)Julia Jezmir(President and Chief Medical Officer)Brooke LeVasseur(Executive Officer, Director)Craig Cimini(Director)
BoardJohn Kuelper(Director)Tighe Reardon(Executive Officer, Director)
Bicycle Health provides treatment and support for opioid use disorder (OUD).
Digital HealthHealthtechMental HealthRedwood City, US
Ankit Gupta(Founder)Russ Phillips
BoardEvan Richardson(Director)Kelly Clark(Chief Clinical Advisor)
Cedar Gate Technologies, an IQVIA business, provides an end-to-end software platform for value-based care and alternative payment models, covering data management, analytics, and payment administration.
Digital HealthHealthtechSaaS
Concord is an AI consulting and implementation firm that helps enterprises turn AI investments into measurable business outcomes through a staged program (the "Concord Continuum") covering strategy, financial ROI modeling, infrastructure accelerators, autonomous agents, and continuous value measurement.
AI & Machine LearningEnterprise SoftwareSaaS
MedArrive provides software for scheduling, routing, and real-time tracking of in-home care delivery teams.
HealthtechLogistics & Supply ChainSaaSNew York, US
Agneta Breitenstein(Director)Inna Plumb(Executive Officer)William Sullivan(Director)Daniel Trigub(Executive Officer, Director)Andy Harrison(Director)
BoardAnnie Case(Director)
National Medical Funding Services (NMFS) provides cash-flow financing and revenue-cycle management for hospitals, healthcare payers, and managed care organizations, including claim status tracking, payment prediction, and cloud-based reporting dashboards.
FintechHealthtechSaaS
HealthtechDenver, US
Edward Likovich(Executive Officer, Director)James Cook(Executive Officer, Director, Promoter)
BoardThomas Virden(Director)Ben Wire(Director)Chris Saxman(Director)Rohit Seth(Director)
PayForward provides an all-in-one platform for health plans to manage member benefits, combining proprietary fintech technology with regulatory compliance capabilities and white-glove support.
Enterprise SoftwareFintechHealthtechValencia, US
Ronald Silos(Manager of PayForward, LLC)Steven Marks(Manager of PayForward, LLC)Armando Rand(Manager of PayForward, LLC)
RecoveryOne offers an on-demand digital physical therapy platform for back, joint, and muscle pain, providing personalized exercise therapy programs with access to licensed physical therapists and health coaches.
Digital HealthHealthtechWellness & Fitness
Scipher Medicine develops a precision immunology platform using AI and molecular data to match immunological disease patients with their most effective therapies.
AI & Machine LearningBiotechDigital Health
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 provides tech-enabled services combining software with a U.S.-based team of provider consultants, certified coders, and physicians to improve clinical documentation integrity, review medical records, and engage providers.
Digital HealthHealthtech
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 HealthHealthtech
SpectrumAi provides software tools for Board Certified Behavior Analysts (BCBAs) and behavior technicians to collect data, manage client sessions, and improve applied behavior analysis (ABA) service delivery.
AI & Machine LearningHealthtechSaaS
Thirdwave RX provides pharmacy management technology and advisory services that help healthcare organizations lower drug costs through rebate administration, real-time claim adjudication, formulary management, and analytics.
Digital HealthHealthtechSaaS
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 companiesBicycle Health · bhbusiness.com · Jan 27, 2026
Frequently asked questions
- 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.
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