Lemhi Ventures
Venture capitalJordan Β· SeedβLate Stage Β· 5 people tracked
Investment thesis
Lemhi Ventures backs healthcare services companies that pursue disruptive innovation, technology, and data to improve health outcomes, lower costs, and give consumers greater control over their healthcare decisions. Operating as a team of former founders, CEOs, and growth executives, the firm takes a working-investor approach with deep operational involvement. It seeks out entrepreneurs whose competitive edge is thinking differently and who have the drive to change the game. Since 2006, across Funds I, II, and now Fund III, Lemhi has maintained a deliberate point of view on the role of venture capital as an engine of innovation in healthcare.
Source: firm website, verified Aug 7, 2026.
Team Β· 5 people
from the firm's website & public directories
What they invest in
from 4 of 20 portfolio companiesHealthtech Γ4Digital Health Γ2AI & Machine Learning Γ1InsurTech Γ1
HQs:United StatesΓ6
Investments Β· 20 tracked
founders shown can be your intro pathBy year:2024 Β· 12015 Β· 12 dated
Leading IT company helping healthcare providers and payers simplify administrative and clinical complexity by enabling data-driven improvements
Co-investorsSilversmith Capital Partners
Minneapolis, US
BoardKyle Rolfing(Executive Officer)
Co-investorsEos Venture Partners LimitedSixThirty Ventures
Pioneered a health plan with pay-as-you-need coverage and clear pricing; acquired by UnitedHealth Group in 2021.
Developed a value-based payment system; acquired by OptumHealth in 2011.
Developer of drug comparison and purchasing tools; acquired by Connecture in 2013.
Cognitive computing company for human communications analysis; acquired by Smarsh in 2020.
Pioneer of online genetics information delivery; acquired by Medco Health Solutions in 2010.
Harbor Health is a healthcare provider and insurance company operating clinics across Texas that offers primary care, specialty care, and health coaching alongside integrated insurance coverage.
HealthtechInsurTechAustin, US
Sterling Claiborne Johnston(Chief Medical Officer)Jeffrey Fisher(Chief Financial Officer)Eric Scott(Vice President)inKara Rios(Chief Financial Officer)
BoardPete Hudson(Director)inAnthony Miller(Director)in
Co-investors8VCAlta PartnersHealth2047 Capital Partners LLCMartin VenturesBreyer CapitalCubit Capital+2 more
Online private benefits exchange; acquired by Towers Watson for $215 million in November 2013
Co-investorsSymphony Alpha Ventures
Mendota Health provides in-home wound care, treating large, chronic, and hard-to-heal wounds for patients in private residences and assisted living facilities.
Digital HealthHealthtech
Developed disease, care, and case management via a secure social networking platform; acquired by Viverae in 2014.
Co-investorsRanch Ventures
Cloud-based benefits shopping, enrollment, and administration platform; acquired by Vista Equity Partners in 2019.
Change Healthcare (presented under the Optum brand) provides data, analytics, AI-based tools, consulting, pharmacy benefit management, and operations technology to address challenges across the healthcare system.
AI & Machine LearningDigital HealthHealthtechSan Mateo, US
Theodore Tanner(Director)Lisa M Maki(Executive Officer, Director)
BoardTony Miller(Director)inWilliam Stewart(Director)John Backus(Director)Jodi Hubler(Director)
Co-investorsHealthy VenturesMcKesson Ventures
Developed revenue cycle automation using RPA and AI; acquired by Waystar in 2019.
Turns a wearable device into a digital health intervention for long-term remote monitoring of patients at home.
Co-investorsInnova Memphis, Inc.Jumpstart Capital
Aimed to make primary care convenient and affordable through video consultations and in-home medical services; ceased operations in 2017.
HealthtechMinneapolis, US
Thompson Aderinkomi(Executive Officer, Director)
BoardKyle Rolfing(Director)Linda Hall(Director)Douglas Davenport(Director)
Offered physician-developed interoperable EMR management and point-of-care data analytics; ceased operations in 2016.
Irving, US
Mark Emkjer(Executive Officer, Director)Joseph Casper(Executive Officer)Richard Saslow(Executive Officer)
BoardFrank Bazos(Director)Ira Hollander(Director)Randy Schmidt(Director)
Built a mobile clinical documentation platform converting handwriting and natural inputs into structured data; acquired by Digital Reasoning in 2016.
Nashville, US
Hal Andrews(Executive Officer)
BoardJodi Hubler(Director)Tony Miller(Director)inPerry Chase(Director)
Developed a transaction processing engine connecting payers, providers, and consumers; assets acquired by VirMedica in 2014.
Exits Β· 11
IPOs and acquisitions across the tracked portfolioABILITY Networkacq. by Summit PartnersBind Inc.acq. by UnitedHealth GroupCarol Corporationacq. by OptumHealthDestinationRxacq. by ConnectureDRXDigital Reasoningacq. by SmarshDNA Directacq. by Medco Health SolutionsLiazon Corporationacq. by Towers WatsonOneHealth Solutions Inc.acq. by ViveraePlanSourceacq. by Vista Equity PartnersPokitDokacq. by Change Healthcare (Optum)Recondo Technologyacq. by Waystar
Portfolio news
latest coverage across their companiesHarbor Health Β· finance.yahoo.com Β· Nov 13, 2025
Frequently asked questions
- How many investments has Lemhi Ventures made?
- Lemhi Ventures has 20 tracked investments, 11 of which have exited via acquisition or IPO.
- What stage does Lemhi Ventures invest at?
- Lemhi Ventures invests at the Seed, Series A, Growth, Late Stage stages.
- What is Lemhi Ventures's typical check size?
- Lemhi Ventures typically writes checks of $500K β $5M.
- What sectors does Lemhi Ventures focus on?
- Lemhi Ventures focuses on Digital Health, Fintech, Healthtech, Medical Devices.
- Where is Lemhi Ventures located?
- Lemhi Ventures is headquartered in Jordan, US.
- Who does Lemhi Ventures co-invest with?
- Lemhi Ventures most often shares deals with 8VC, Alta Partners, Eos Venture Partners Limited, among 11 tracked co-investors.
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