The Blue Venture Fund is a unique collaboration between BlueCross BlueShield (BCBS) companies, the BlueCross BlueShield Association (BCBSA), and Sandbox, to which thirty-six BCBS companies have committed over $800 million across four funds. The Blue Venture Fund invests in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield Plans and provides the portfolio with access to BCBS companies to deploy innovation at scale. Sandbox is an independent company that provides healthcare-related investment management exclusively for the Blue Venture Fund.

Sandbox Industries is a venture capital firm that works atĀ 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 itsĀ Corporate Limited Partners.


Blue Venture Fund Team

  • John Banta

    Managing Director - BCBS Venture Partners' General Partner

  • Binoy Bhansali

    Vice President
    Blue Venture Fund

  • Andrew Boyd

    Vice President
    Blue Venture Fund

  • Laura Chmar

    Vice President
    Blue Venture Fund

  • Matt Downs

    Co-CEO & Managing Director
    Sandbox Industries

  • Anna Haghgooie

    Managing Director
    Blue Venture Fund

  • Tom Hawes, M.D.

    Managing Director
    Blue Venture Fund

  • Kelsey Maguire

    Vice President
    Blue Venture Fund

  • Tunde Oshinowo

    Associate
    Blue Venture Fund

  • Emir Sandhu

    Associate
    Blue Venture Fund

  • Mike Spadafore

    Managing Director
    Blue Venture Fund

  • Kelsey Tsai

    Associate
    Blue Venture Fund

  • Pam Walton

    Vice President
    Blue Venture Fund

Board Chairs

  • Scott Serota

    President and Chairman - BCBS Venture Partners Fund I Board

  • Mark Bartlett

    Chairman - BCBS Venture Partners Fund I Investment Committee

  • John Giblin

    Chairman - BCBS Venture Partners Fund III Board

  • Bob Kolodgy

    President and Chairman - BCBS Venture Partners Fund II Board

  • Mitch Perry

    Chairman - BCBS Venture Partners Fund II Investment Committee