HC9 Ventures
Venture capitalActively deployingHavertown · Seed–Series A · 7 people tracked
Also known as CR VENTURES MANAGEMENT, LLC
Investment thesis
HC9 focuses on Seed and Series A investments in healthcare, believing outsized returns are generated at earlier stages. The firm draws on the collective industry experience of its team and limited partners to provide portfolio companies with critical insights, relationships, and operational expertise. It emphasizes hands-on support to help emerging healthcare companies refine product-market fit and execute effective go-to-market strategies, aiming to create meaningful inflection points in their growth trajectories.
Source: firm website, verified Aug 25, 2026.
Team · 7 people
from the firm's website & public directories
What they invest in
from 12 of 13 portfolio companiesHealthtech ×11Digital Health ×9Mental Health ×3AI & Machine Learning ×2EdTech ×1Enterprise Software ×1Impact & Social Good ×1Logistics & Supply Chain ×1
HQs:United States×7
Investments · 13 tracked
founders shown can be your intro pathBy year:2025 · 42020 · 15 dated
Psych Hub is a clinical skill development platform for behavioral health, offering evidence-based, trauma-informed education, portable credentials, and applied-skill practice for mental health clinicians.
Digital HealthEdTechMental Health
Marjorie Morrison(Co-Founder & CEO (LMFT, LPCC))Patrick J. Kennedy(Co-Founder)Dr. Dylan Ross(Chief Clinical & Strategy Officer)Steve Sanders(Chief Technology Officer)
Co-investorsFrist Cressey VenturesEmerson Collective Investing
HealthtechQuincy, US
Zachery Chen(Head of Finance)Robert Pahlavan(Secretary and Director)Brent Asplin(Chief Executive Officer and Director)Zackery Chen(Head of Finance)
BoardAlex Morgan(Director)inPrateesh Maheshwari(Director)
Board seatHelen Ciesielski· per SEC Form D · $25M raise · filed Jul 2025
Co-investorsKhosla Ventures
Reema Health provides behavioral health services combined with social needs navigation, using community care workers and a virtual care team to help members address unmet social needs such as food insecurity, housing, transportation, and loneliness.
Digital HealthHealthtechMental HealthMinneapolis, US
Matthew Swanson(Director)Amon Anderson(Director)Justin Ley(Executive Officer, Director)
BoardEllen Herlacher(Director)Mike Cunningham(Director)
Board seatHelen Ciesielski· per SEC Form D
Co-investorsDigitalis VenturesGROOVE CAPITALHeadwater VenturesLRVHealthMaC Venture CapitalMatchstick Ventures+2 more
RightSite Health provides EMS agencies with a tool to redirect low-acuity 911 callers away from ambulance transport, aiming to reduce unnecessary transports and free up unit availability for emergencies.
Digital HealthHealthtechSaaSSan Antonio, US
Matthew Sedgwick(Executive Officer)Michael Boxer(Executive Officer, Director)James M.O. Rubin(Executive Officer, Director)
BoardGary Swart(Director)
Board seatRichard Lungen· per SEC Form D
Co-investorsArtis VenturesVirtue Ventures
Alacura operates a medical transfer center that coordinates patient medical transport—fixed-wing, rotor, or ground—by providing real-time clinical assessments, transport matching, prior-authorization, and end-to-end benefits management.
Digital HealthHealthtechLogistics & Supply Chain
Co-investorsWP Global Partners
Forge Health provides in-person and virtual mental health and substance use treatment, including intensive outpatient programs (IOP), for individuals dealing with addiction, trauma, and mental health issues.
Digital HealthHealthtechMental Health
Co-investorsMontage Ventures
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Gather Health provides primary care services with integrated social and home-based support for older adults in underserved communities.
Digital HealthHealthtech
Co-investorsHeadwater VenturesKhosla VenturesMaverick Ventures
Laguna Health provides a conversational AI platform for healthcare care teams and care managers that reduces administrative work by automating post-call documentation, surfacing real-time conversation insights, and offering dynamic care pathways.
AI & Machine LearningDigital HealthHealthtechSan Francisco, US
Yoni Leonid Shtein(Co-founder)Yael(Co-founder)in
Co-investorsArkin CapitalLionBirdSemperVirens Venture CapitalPitango
Optura helps enterprise healthcare organizations identify and implement AI initiatives with measurable returns on investment.
AI & Machine LearningEnterprise SoftwareHealthtechFranklin, US
Andy Fanning(Co-Founder, CEO)inMichael Hollis(Co-Founder, President)
BoardTJ PARKER(Director)
Co-investorsSalesforce VenturesEcho Health VenturesMatrixSusa Ventures
Slice of Healthcare produces media and content focused on the healthcare industry, featuring interviews and coverage involving health systems, payers, pharmaceutical companies, and investors.
Digital HealthHealthtechMedia & Entertainment
Wild Blackberry Studio is a small, senior-led branding and design studio offering brand strategy, design, and content strategy services.
HealthtechImpact & Social GoodMarketing Tech
Barbara Grundy
XP Health is a digital-first vision benefits platform selling full-replacement vision programs to US employers and insurance carriers.
Antonio Moraes(Founder)inJames Wong(Founder)in
Co-investorsAmerican Family VenturesCameron VenturesCanvas VenturesCore Venture CapitalInformed Ventures Advisors, LlcManchesterStory Group, LLC+7 more
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.
Portfolio news
latest coverage across their companiesOptura · letsdatascience.com · May 21, 2026
Reema · tcbmag.com · Dec 5, 2025
Alacura · endpoints.news · Sep 4, 2025
Gather Health · homehealthcarenews.com · Jul 9, 2025
Frequently asked questions
- How many investments has HC9 Ventures made?
- HC9 Ventures has 14 tracked investments, including 3 dated in the last 24 months.
- What stage does HC9 Ventures invest at?
- HC9 Ventures invests at the Seed, Series A stages.
- What sectors does HC9 Ventures focus on?
- HC9 Ventures focuses on AI & Machine Learning, Digital Health, Healthtech, Mental Health.
- Where is HC9 Ventures located?
- HC9 Ventures is headquartered in Havertown, US.
- Who does HC9 Ventures co-invest with?
- HC9 Ventures most often shares deals with Headwater Ventures, MaC Venture Capital, SemperVirens Venture Capital, among 30 tracked co-investors.
Media · Podcasts & interviews
featuring the team#473 - Richard Lungen, Co-Founder/General Partner, HC9 Ventures & Ken Goulet, Pres. of KRG Advisors
Slice of Healthcare Network · Richard Lungen
Co-investors · 48
SemperVirens is an ecosystem-driven venture capital firm that supports startups building AI solutions for complex markets such as healthcare, financial services, and the future of work, providing connections and hands-on support to help them scale.
Susa Ventures operates two early-stage technology funds that invest in companies leveraging data, network effects, and economies of scale.
Echo Health Ventures is a strategic venture capital and growth equity investor that partners with health care companies to help build and scale their innovations nationally.
Andreessen Horowitz (a16z) is a venture capital firm founded in 2009 by Marc Andreessen and Ben Horowitz, known for pioneering the platform model with a large team of operators supporting founders across stages.
GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.
Founders Fund is a venture capital firm that backs technology companies building transformative products.
Greylock Partners is an early-stage venture capital firm that partners with founders building companies from inception. Its partners make only one or two new investments per year to focus deeply on each partnership.
Long Journey Ventures is an early-stage venture firm that backs unconventional, 'magically weird' founders and ideas, positioning itself as a hands-on, community-oriented partner to its companies.
Founder Collective is a seed and pre-seed stage venture capital firm that invests across sectors, describing itself as sector agnostic and anti-thematic.
Uncork Capital (formerly SoftTech VC) is a seed-stage venture firm that invests early in founders, with a focus on AI-native companies building leverage and scale.
SV Angel is a firm that has backed startup founders since the 1990s, leveraging a large network of founders, industry leaders, and regulators to support portfolio companies.
BCV Labs is the platform and hands-on support arm of Bain Capital Ventures, providing portfolio founders with go-to-market strategy, brand development, hiring assistance, and customer introductions.
▶36 more co-investors
Menlo VenturesCoatue ManagementKrakenSound VenturesIVP (Institutional Venture Partners)DST GlobalStreamlined VenturesQuiet CapitalBling CapitalGreycroftUpHonest CapitalOak HC/FTForerunner VenturesFifth WallPICUS CAPITALMaveronLowercase CapitalSocial LeverageDCM VenturesTSVCAngelPadFuture Perfect Ventures305 VenturesFusionThink+ Ventures Management, LlcPossible VenturesEuclid Venture PartnersAmity VenturesWestCapPitbull Ventures10x GenomicsActivant CapitalTeam IgniteDNA CapitalCanyon Creek CapitalTriventures
Firms observed investing alongside HC9 Ventures, from public investor directories. Shared companies are the overlap with HC9 Ventures's recorded portfolio.
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