For Entrepreneurs

We partner with innovative companies looking to make a lasting positive impact on our healthcare system. We are stage agnostic, investing in emerging companies from seed to growth to buyout.

Where We Invest

Technology & Operations

Companies building technology and services to improve the experience and operations of a health plan

Services

Companies aiming to redesign the delivery of care and improve member experiences with the healthcare system

Clinical

Companies that seek to improve medical care and decision-making

Our Process

Our engagement with Blue Plans throughout our process leads to a uniquely Blue investment lens. When exploring potential partnerships, we believe in running a thorough and transparent process that benefits everyone involved. While our rigorous analysis ensures sound investments, we've intentionally designed our approach to support entrepreneurs on their journey as well. We're not just looking for opportunities—we're building relationships that help healthcare innovators thrive while delivering value to Blue Plans and their members.

We invest in innovative companies addressing the strategic priorities and pain points of our Blue Plan partners.

Blue Plan participation throughout our process helps us to identify priority areas for future opportunities and to evaluate the potential value to the Blues ecosystem.

We are stage agnostic, investing from seed to growth to buyout stage.

Whether you are a seed stage business with an idea and a slide deck, or are an established business who has found product-market fit, we are excited to build and grow your company alongside you.

How We Help

Our team has proven experience helping companies commercialize new technologies and building relationships between strategic investors, entrepreneurs, and other partners. Beyond engagement to develop strategy, build and grow your team, and drive operational readiness, we bring a unique focus on facilitating and executing contracts with payors. 

We believe we are uniquely positioned to help accelerate the adoption of transformative solutions amidst the evolving landscape of our healthcare system.

  • Partners who understand the complexities of our healthcare system. Our team has deep expertise and experience in investing, operating, and advising healthcare companies.

  • We have developed an unmatched network of executives throughout the industry that share a passion for change. Through our strategic engagement model, we help facilitate meaningful connections between our portfolio companies and Blue Plan executives.

  • We have worked closely with our Blue Plan partners to develop formal programs to help entrepreneurs navigate the contracting process and execute payor contracts. Consistent feedback from the Blues helps identify best practices for startups around testing innovation and contracting with payors.

  • Through our strategic engagement model, we facilitate collaboration amongst subject matter experts through our Advisory Groups, which are composed of executives from BCBS Plans with unique expertise in healthcare innovation, policy, and management. The purpose of our Advisory Groups is to provide feedback and support to help grow and develop our portfolio companies.

  • “Finding capital that deeply understands healthcare can be rarer than diamond and equally game-changing. The Blue Venture Fund team not only brought expertise to the table, but their network directly led us to our largest customer. On top of that, they’re a true pleasure to work with - collaborative, thoughtful, and always in our corner.”

    Darin Buxbaum, CEO, Wider Circle

  • "In financings—and not just the easy kind, growth, M&A, network enhancement, strategy, team building—BVF is an all-round corporate athlete and reliable business partner. They are also engaged so deeply in the entrepreneurial journey the partnership at times feels more on a spiritual level. Some call BVF venture capital, I often think of them as spiritual capital for entrepreneurs.

    Ikenna Okezie MD MBA, Co-Founder & CEO, Somatus

  • "As a repeat BVF founder, I can’t speak highly enough about the entire BVF team! They get that healthcare transformation takes time, patience, and authentic relationships. Their support has endured well beyond funding cycles, and that's exactly the kind of partner you want when times are good and bad. The BVF network has paid immense dividends in so many ways, connecting us with people who became not just business contacts but real partners and friends. Life is short and entrepreneurship is hard - you should work with wonderful people."

    Jeremy Friese MD, Founder, Chairman & CEO, Humata Health

  • "The Blue Venture Fund's healthcare expertise has been invaluable to Nest's growth trajectory; through their board seat participation, they've provided specific strategic guidance on navigating health plan partnerships and establishing realistic business metrics tailored to the complex healthcare ecosystem."

    Rebekah Gee MD MPH, Founder & CEO, Nest Health

  • "Blue Venture Fund was a true partner from the start — combining deep healthcare expertise with a collaborative approach that helped Patientco grow. They provided natural, trusted connections with Plans and Health Systems, and focused on helping — not hindering — our progress through all the ups and downs of scaling. BVF is made up of people of the highest moral character, true to their word, which is critical when working with investors and Board members while striving for product-market fit, bookings growth, and building a great business."

    Bird Blitch, Co-Founder & CEO, Patientco

  • "The Blue Venture Fund team has been an invaluable partner throughout our many stages of growth. Their founder-friendly approach—combined with expert guidance on network contracting and ongoing strategic support—makes them the ideal collaborators to have at the table. Whether it’s working with our board or spending the day strategizing with the whole BVF team in Chicago, every interaction has been energizing and productive, reflecting their deep commitment to our success."

    Carine Carmy, Co-Founder & CEO, Origin

  • "Since co-leading Onc.AI’s seed round, Blue Venture Fund has been an exemplary, engaged, and enthusiastic partner. The BVF team and network have been helpful and supportive during subsequent fundraising efforts and the extended LP network has been invaluable in aiding our efforts to transform oncology decision support. Importantly, BVF has been a trusted partner for the company when things don’t go according to plan (which can be possible when creating a new category in oncology diagnostics!)"

    Akshay Nanduri, Founder & CEO, Onc.AI