The Blue Venture Funds (BVF), a unique collaboration among Blue Cross Blue Shield (BCBS) companies, the Blue Cross Blue Shield Association (BCBSA) and Sandbox, is owned, governed and capitalized by participating Blue Plans and affiliates.  The Funds invest in venture and growth opportunities within healthcare technology, healthcare services and clinical sciences.

Sandbox is a separate, independent firm that provides a full range of investment management services to BVF. Sandbox Industries is a venture capital firm that works at the intersection between entrepreneurial thinking and large corporate enterprises. Its Collaborative Investment Vehicles drive both investments in and partnerships with startups that address strategic priorities of its Corporate Limited Partners.