What stage does HLM Venture Partners invest at?

HLM Venture Partners invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.

What is HLM Venture Partners's typical check size?

HLM Venture Partners typically writes checks of $3M – $5M.

What sectors does HLM Venture Partners focus on?

HLM Venture Partners focuses on Biotech, Digital Health, Healthtech, Medical Devices.

Where is HLM Venture Partners located?

HLM Venture Partners is headquartered in Boston, US.

Does HLM Venture Partners lead rounds?

Yes, HLM Venture Partners leads investment rounds.

HLM Venture Partners

Venture capital

Boston · Seed–Late Stage · 32 people tracked

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Investment thesis

HLM invests solely in healthcare, leveraging deep expertise in the complex, highly regulated sector to identify and mitigate risks. The firm positions itself as a hands-on partner, offering portfolio companies operational support, strategic and financial guidance, and access to key decision makers across the care continuum through its experienced investment team, advisory board, and strategic limited partners. With roughly 30 years of experience, HLM has seeded and built companies in health technology and healthcare services.

Invests inBiotech Digital Health Healthtech Medical DevicesBostonNorth AmericaUnited StatesWaltham

Source: firm website, verified Aug 3, 2026.

Stage

Seed–Late Stage

Check

$3M – $5M

Boston, Massachusetts, US

Leads rounds

Leads

Instruments

Equity

Founded

1996

AUM

$1B

Tracked investments

136

Team · 32 people

from the firm's website & public directories

Ed Cahill· Partner· Dedham, Massachusettsin

Joined HLM as a Partner in 2000; a founding partner of Cahill, Warnock & Company (now Camden Partners) and formerly Managing Director leading Alex. Brown & Sons' Healthcare Group. Sits on the boards of Care Options for Kids and Phreesia.

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Enrico Picozza· Partner

A life sciences veteran with over 30 years of experience commercializing technologies. Serves as a director at several healthcare companies and previously co-founded HTS Biosystems; contributed to the development of PCR.

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Joseph Mayer· Partner· Miami, Florida, United Statesin

Psychiatrist, healthcare executive, and investor who joined HLM as a Partner in 2024. Former President and Board Director of onehome and founder/CEO of Cureatr.

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Michael Ludwig· Partner· New York, New York, United Statesin

Joined HLM as a Partner in 2024 from MTS Health Partners, where he led healthcare technology coverage; also founded Elements Health Ventures. Earlier worked at Health Enterprise Partners and Aetna.

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Peter Grua· Partner, Emeritus· Boston, Massachusetts, United Statesin

Partner Emeritus who served as a managing partner at HLM for over 33 years, focusing on healthcare services and digital health investments. Previously a managing director at Alex. Brown & Sons.

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Vin Fabiani· Partner, Emeritus· Boston, Massachusetts, United Statesin

Partner Emeritus serving as a director at Array Behavioral, Censinet, and ClearDATA Networks and a board observer at Hazel Health.

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Sophie Griffin· Principal

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Andrei Naeymi-Rad· Advisory Board Member· Libertyville, Illinois, United Statesin

Health IT executive with over 20 years of experience; currently VP of Corporate Strategy at Intelligent Medical Objects, leading strategic partnerships and growth.

Ashley Tyrner-Dolce· Operating Partner· Boston, Massachusetts, United Statesin

Healthcare entrepreneur and food policy leader, founder of FarmboxRx (acquired by Pyx Health), which pioneered Food as Engagement programs for health plans.

Audrey Hernon Guzas· IT Manager· Boston, Massachusetts, United Statesin

Joined HLM in 1996 and serves as IT Manager, overseeing the firm's systems, infrastructure, cybersecurity, and data management.

Barry Katz· Advisory Board Member· Miami, Florida, United Statesin

Healthcare executive with experience in pharmacy benefit management; former President and COO of EnvisionRxOptions and a founding board member of SlateRx.

Ben Barasch· Advisory Board Member

Founder and managing partner of Boro Partners, a private investment fund focused on real estate debt that has expanded into healthcare equity and debt. Previously Co-Head of Acquisitions at Urban Standard Capital.

Charlie Crawford· Advisory Board Member· Louisville, Kentucky, United Statesin

Investor at Chrysalis who defines investment themes and works with healthcare and technology portfolio companies. Previously worked at Innova, a Tennessee venture capital firm.

David Jones Jr.· Advisory Board Member

Founder of Chrysalis Ventures (1993), a Mid-America venture firm focused on healthcare investing. Served on Humana's board from 1993 to 2023, including as Chair.

Gil Addo· Advisory Board Member· New York, New York, United Statesin

Healthcare executive and entrepreneur who co-founded and led RubiconMD (acquired by Oak Street Health and CVS Health) and later served as VP of Specialty Care Solutions at CVS Health.

Jim Bradley· Advisory Board Member· Greater Minneapolis-St. Paul Areain

Healthcare industry advisor who chairs or serves on boards of early to intermediate stage healthcare companies. Founding CEO of RxHub (now Surescripts) and former senior executive at McKesson.

Ken Burdick· Advisory Board Member· Tampa, Florida, United Statesin

Public company healthcare executive; Executive Chairman and former CEO of LifeStance Health, former EVP at Centene, and former CEO of WellCare Health Plans.

Kirk Stanley· Advisory Board Member· Franklin, Tennesseein

Healthcare services and value-based care executive with CFO, COO, and President experience; currently CFO of Tango and formerly CFO/President at PopHealthCare.

Laurie McGraw· Advisory Board Member· Boulder, Colorado, United Statesin

Healthcare executive and board member; founder and host of the Inspiring Women podcast and former President and CEO of WellSpan Health.

Mark Neaman· Advisory Board Member· Greater Chicago Areain

Senior healthcare executive who served as President and CEO of NorthShore University HealthSystem in Chicago from 1992 to 2018.

Matt McCambridge· Advisory Board Member· New York Cityin

Entrepreneur and former VC investor; co-founder and CEO of Eden Health (acquired 2024) and previously an investor at Insight Venture Partners.

Michael Wong· Chief Financial Officer & Chief Compliance Officer· Boston, Massachusetts, United Statesin

Joined HLM in 2007 and became CFO in 2015, responsible for financial and administrative functions plus legal and diligence support. Formerly a financial analyst at Summit Partners and senior auditor at Deloitte; a CPA.

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Mike Tudeen· Advisory Board Member· Nashville Metropolitan Areain

Healthcare executive, operator, and board leader; former CEO and board member of CareBridge Health, PopHealthCare, and INSPIRIS.

Peter Dunn· Advisory Board Member· Greater Indianapolisin

Executive with over 25 years of CEO and general management experience; co-founded Activate Healthcare (acquired by Paladina Health) and formerly CEO of Steak n Shake.

Rasciel Socarras· Advisory Board Member· Miami Beach, Florida, United Statesin

Board-certified pediatrician with over 30 years of experience practicing at Pediatric Associates in North Miami and Aventura, Florida.

Richard Barasch· Advisory Board Member

Founder of RAB Ventures, which invests in growth healthcare companies. Former Chairman and CEO of Universal American (sold to WellCare) and executive chairman/CEO of Adapt Health.

Robert Siwik· Accounting Manager· Greater Bostonin

Joined HLM in 2022 and was promoted to Accounting Manager in 2026. Previously a senior audit associate at KPMG's Boston asset management practice.

Rudy Pages· Advisory Board Member· Miami-Dade County, Floridain

Miami-based finance and investment banking veteran; Managing Director of family office Caoba Capital Partners and former CEO of Stanchart Securities International.

Satyam Patel· Senior Associate· New York, New York, United Statesin

Joined HLM in June 2024 and is involved in the investment process and portfolio company support. Previously an analyst at Cain Brothers.

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Seth Van Essendelft· Strategic Advisor

CFO of Physician Care Centers and Strategic Advisor to HLM Investment Partners with 20+ years in healthcare finance, strategy, and investing. Former SVP at GuideWell Venture Group and retired Coast Guard Commander.

Simeon Schindelman· Advisory Board Member· New York, New York, United Statesin

Healthcare industry veteran and executive; former President of Small Business at United Healthcare, CEO of Bloom Health, and CEO of Brighton Health Plan Solutions.

Steve Wogen· Advisory Board Member· Whitefish, Montana, United Statesin

Healthcare leader with nearly 30 years of experience; former Chief Growth Officer at Walgreens and CareCentrix, and previously at Express Scripts/Medco.

What they invest in

from 24 of 136 portfolio companies

Healthtech ×23Digital Health ×15Enterprise Software ×10SaaS ×8AI & Machine Learning ×4Mental Health ×4InsurTech ×2Cloud Computing ×1

HQs:United States×22

Investments · 136 tracked

founders shown can be your intro path

Healthcare Aquiredteladoc.comin 𝕏NYSE: TDOC

Teladoc Health operates a virtual care platform connecting patients with care providers for medical care, mental health, and chronic disease management services.

Digital HealthHealthtechMental HealthPurchase, US

Dana Mead(Director)James Outland(Director)Michael King(Executive Officer)Martin Felsenthal(Director)Mark Hirschhorn(Executive Officer)Jason Gorevic(Executive Officer, Director)

Phreesiaphreesia.comin 𝕏NYSE: PHR

Phreesia offers a digital patient intake platform for healthcare practices, handling patient check-in, information collection, insurance verification, and payment processing before a visit begins.

Digital HealthHealthtechSaaSNew York, US

Edward Cahill(Director)Chaim Indig(Executive Officer, Director)Michael Weintraub(Director)Scott Perricelli(Director)Victor Kats(Director)Charles Kallenbach(Executive Officer)

Tandem Diabetes Care, Inc.NASDAQ: TNDM

Advisory BoardSEC filingmedium confidence

Washington Dc, US

Michael T. Kirshbaum(Executive Officer)Mary D. Van Hoose(Executive Officer)Peter J. Grua(Director)Kelt Kindick(Director)Leon D. Shapiro(Director)Cormac F. Miller(Executive Officer)

Board seatPeter Grua· per SEC Form D · $121.2M raise · filed Jan 2015

Binary Fountain, Inc.

Mclean, US

Board seatEdward L. Cahill· per SEC Form D

Carevive Systems, Inc.

North Miami, US

Board seatEdward L. Cahill· per SEC Form D

Healthechealthec.comin 𝕏

HealthtechPiscataway, US

Sita Kapoor(Executive Officer)ARTHUR KAPOOR(Executive Officer)Ashish Kapoor(Executive Officer, Director)Philip Jacobs(Executive Officer)Shilpa Nayyar(Executive Officer)

Board seatEnrico Picozza· per SEC Form D

New Life SolutionSEC filingmedium confidence

Boston, US

Laurie Coots(Director)Janesse Thaw Bruce(Executive Officer, Director)Wright Steenrod(Director)Gary Kurtzman(Director)Eric Schrier(Director)Ted Dacko(Director)

Board seatPeter Grua· per SEC Form D · $1.5M raise · filed Apr 2024

OnShift, Inc.SEC filingmedium confidence

Cleveland, US

Board seatPeter Grua· per SEC Form D · $18.1M raise · filed Jul 2018

VaxCarevaxcare.com

VaxCare operates a care delivery platform that automates procurement, inventory management, patient eligibility, charting, and billing for vaccines and contraceptives in medical practices.

HealthtechSaaSOrlando, US

Mark Neaman(Limited liability company manager)James McGinn(Executive Officer)Kenneth Burdick(Limited liability company manager)Jeremy Corbett(Executive Officer)Ross Stern(Limited liability company manager)Peter Grua(Limited liability company manager)

Board seatPeter Grua· per SEC Form D

AbleToableto.com

HealthtechNew York, US

Liam Donohue(Director)Thomas Hawes(Director)Frank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)Russ Nash(Director)

BoardEnrico Picozza(Director)

Actamed / Healtheon Corporation

Aktanaaktana.comin

Aktana provides a real-time orchestration platform for pharmaceutical marketing that coordinates digital and field engagement across channels to reach healthcare professionals at optimal times.

AI & Machine LearningEnterprise SoftwareSales TechSan Francisco, US

Anthony Glenning(Director)Jin Huang(Executive Officer)Al Wiegman(Director)Rob Willson(Executive Officer)Eric Gilbert(Director)Marc-david Cohen(Executive Officer)

American WholeHealth, Inc.

Animas Corporation

Aperio Technologies, Inc.

Aperture Credentialing, Inc.

Arrayarraybc.comin

Array Behavioral Care delivers virtual psychiatry and therapy services integrated across hospital, outpatient, and community settings.

Digital HealthHealthtechMental Health

Array Behavioral Care

Telehealth platform for depression and anxiety

ArroHealth

Ascellusascellus.comin

Ascellus Behavioral Health provides evidence-based behavioral health services and psychological evaluations for workers' compensation claims, addressing psychosocial factors that interfere with recovery following physical injury.

Digital HealthHealthtechInsurTechMental Health

Aspect Medical Systems, Inc.

Aventura HQ, Inc.

Denver, US

b.well Connected Health, Inc.

BenefitPoint, Inc.

Binary Fountainbinaryfountain.comin 𝕏

bwellicanbwell.com

Carebridgecarebridgehealth.com

CareBridge provides 24/7 virtual and in-home healthcare services for individuals in home and community settings, serving health plans and their members.

Digital HealthEnterprise SoftwareHealthtech

Careoptionsforkidscareoptionsforkids.comin

Casenet, Inc.

Cbr Systems, Inc.

Censinetcensinet.comin

Censinet, Inc.

Boston, US

Change Healthcare Corporation

Channelpoint, Inc.

Circe Biomedical, Inc.

ClearDATAcleardata.comin 𝕏

ClearDATA is a cloud security and compliance platform purpose-built for healthcare organizations.

Cloud ComputingCybersecurityDigital HealthHealthtech

Rick Froehlich(President & Chief Executive Officer)inJim Ducharme(Chief Technology Officer)inGregg Bjork(Chief Revenue Officer)inDrew Schaal(Chief Financial Officer)inCarol Boone(Vice President of People)in

CombiMatrix Corporation

Confluent Surgical, Inc.

CorSolutions Medical, Inc.

Covetruscovetrus.comin

Covetrus is a tech-enabled veterinary-practice improvement company that provides a software platform and networks to help veterinarians run more profitable practices and improve financial and clinical outcomes.

E-commerceEnterprise SoftwareHealthtechSaaSPortland, US

Sandra L Helton(Director)Philip A Laskawy(Director)David E Shaw(Director)Benjamin Wolin(Director)Deborah G Ellinger(Director)Russell Cooke(Executive Officer)

Daou Systems, Inc.

DermTech, Inc.

Diameter Healthavaility.comin 𝕏

Availity is a healthcare network platform that processes eligibility, authorizations, claims, and payment transactions for providers, payers, and healthcare IT vendors.

AI & Machine LearningEnterprise SoftwareHealthtechFarmington, US

John D'Amore(Executive Officer, Director, Promoter)Matthew D. Storeygard(Director)Richard Dumler(Director)Eric Rosow(Executive Officer, Director, Promoter)

Diameterhealthdiameterhealth.com

Elligint Health, Inc.

Edison, US

EXACT Sciences Corporation

Exitedrubiconmd.comin 𝕏

RubiconMD provides a configurable virtual consultation platform that connects primary care providers with board-certified specialists across multiple specialties to improve patient access to specialty care.

Digital HealthHealthtechSaaS

Carlos Reines(Founder)inGil Addo(Founder & CEO)

Familymeds Group, Inc.

Fieldglass, Inc.

First Insight Corporation

Fuze Healthfuzehealth.comin

Fuze Health provides technology-led healthcare services including disease screening, genomics, telehealth, digital pharmacy, and patient engagement to help partners deliver personalized care.

AI & Machine LearningDigital HealthHealthtech

Fuze Health

GTESS Corporation

Guava Technologies, Inc.

Harmony Caresharmonycares.comin

Hazelhazel.coin 𝕏

Hazel Health operates a school-based telehealth platform that connects students with licensed clinicians for healthcare services.

Digital HealthEdTechHealthtech

Hazel Health, Inc.

HealthEdgehealthedge.comin 𝕏

HealthEdge provides cloud-based core administrative processing systems and digital engagement solutions for health plans and insurance companies.

Enterprise SoftwareHealthtechInsurTechSaaS

Kevin Adams(Chief Executive Officer)Matt McLaughlin(Chief Financial Officer)Chris Conte(Chief Revenue Officer)Raj Sundar(Chief Strategy Officer)Laura Hancock(Chief Customer Officer)Ryan Mooney(Chief Product Officer)

HealthVISION, Inc.

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.

Frequently asked questions

What stage does HLM Venture Partners invest at?: HLM Venture Partners invests at the Seed, Series A, Series B, Series C, Growth, Late Stage stages.
What is HLM Venture Partners's typical check size?: HLM Venture Partners typically writes checks of $3M – $5M.
What sectors does HLM Venture Partners focus on?: HLM Venture Partners focuses on Biotech, Digital Health, Healthtech, Medical Devices.
Where is HLM Venture Partners located?: HLM Venture Partners is headquartered in Boston, US.
Does HLM Venture Partners lead rounds?: Yes, HLM Venture Partners leads investment rounds.

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