BlueCross BlueShield Venture Partners, L.P.: Corporate VC

Investor Type	Corporate VC
Type of Fund	Corporate VC
Industries	Software (Web Marketplace Saas..) • IT (& TMT) • Education • FinTech (& Financials services) • HealthTech (& Fitness) • Logistics (& Distribution) • Healthcare (& Wellness) • Investment Management • Life Science
Stages	Merging, Seed, Series A, Series B
Investing	United States • United Kingdom • India
Investment Range	$1,000,000 - $27,500,000

Who are the key investors at BlueCross BlueShield Venture Partners, L.P.?

What is BlueCross BlueShield Venture Partners, L.P.?

BlueCross BlueShield Venture Partners (BCBSVP) is a corporate venture fund program which has attracted over $500 million across three funds, with commitments from twenty-nine BCBS entities. Their investment approach is to target promising emerging companies that are of strategic relevance to Blue Cross and/or Blue Shield Plans and possess the potential to deploy innovation at scale. As a fund sponsored by the Blue Cross Blue Shield Association, and with investment management services provided by Sandbox Industries, BCBSVP operates with a distinctive position in the healthcare investment landscape.

The fund explores investment opportunities across multiple sectors such as Software, IT & TMT, Education, FinTech & Financial Services, HealthTech & Fitness, Logistics & Distribution, Healthcare & Wellness, Investment Management, and Life Science. Investments are made with an emphasis on creating synergies between the portfolio companies and the strategic interests of the BCBS entities, facilitating substantial revenue, distribution, and partnership opportunities.

The Blue Venture Fund offers equity investments typically ranging from $1M to $20M, while being stage-agnostic, which allows for a broad spectrum of investments from early-stage to growth opportunities within healthcare technology, services, and clinical sciences. They are known for working closely with market-leading CEOs to provide strategic guidance, partnership introductions, strategic sales support, and Board oversight.

With the unrivaled market position of the Blues and the recognition of the Blue Cross and Blue Shield brands, they attract best-in-class emerging companies. The investment program spans a variety of stages and focuses on companies that can offer business development and strategy insights, vendor agreements, or M&A opportunities to the Blue Plans.

The Blue Venture Fund puts a premium on relationship building, respecting entrepreneurs and understanding the challenges of innovating in healthcare.

What they say:

We are a venture capital firm.

What we look for: We invest in agnostic.

BlueCross BlueShield Venture Partners, L.P.'s investments on record

ID Experts	$27,500,000.00	Venture Round
Payfone	$23,500,000.00	Series E
Solera Health, Inc.	$18,300,000.00	Series B
Axial Healthcare	$16,500,000.00	Series B
Contessa Health	$6,999,959.00	Series B
Healthify	$6,500,000.00	Series A
Healthspring	$5,690,000.00	Private Equity Round
Solera Health, Inc.	$4,999,997.00	Series A
Solera Health, Inc.	$4,000,000.00	Series A