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.


Blue Venture Fund Team

  • John Banta

    Managing Director - Blue Venture Fund General Partner

  • Mark Bartlett

    Venture Partner

  • Andrew Boyd

    Vice President
    Blue Venture Fund

  • Nida Cabanyan

    Executive Assistant
    Blue Venture Fund

  • Kelly Carlquist

    Vice President
    Blue Venture Fund

  • Ariel Choi

    General Counsel
    Sandbox Industries

  • Matt Downs

    Co-CEO & Managing Director
    Sandbox Industries

  • Meghan Kiely

    Controller
    Sandbox Industries

  • Matt Kopfensteiner

    Associate
    Blue Venture Fund

  • Tom Hawes, M.D.

    Managing Director
    Blue Venture Fund

  • Emir Sandhu, M.D.

    Managing Director
    Blue Venture Fund

  • Kelsey Maguire

    Managing Director
    Blue Venture Fund

  • Jennifer Levin Carter, M.D., MPH, MBA

    Managing Director
    Blue Venture Fund

  • Jennifer Naylor

    CFO
    Sandbox Industries

  • Tunde Oshinowo

    Associate
    Blue Venture Fund

  • Jeremy Porter

    Vice President
    Blue Venture Fund

  • Bo Shi

    Vice President
    Blue Venture Fund

  • Mike Spadafore

    Managing Director
    Blue Venture Fund

  • Sarah Sullivan

    Platform Manager
    Blue Venture Fund

  • Kelsey Tsai

    Vice President
    Blue Venture Fund

Board Chairs

  • Sandra Clarke

    Chair - Blue Venture Fund II Board

  • John Banta

    President and Chair - Blue Venture Fund Fund I Board

  • John Giblin

    Chair - Blue Venture Fund III Board

  • Mitch Perry

    Chair - Blue Venture Fund IV Board