Investors / United States / Blue Venture Funds
Blue Venture Funds
Venture capital · Chicago, IL, United States · North America
Blue Venture Funds is a collaboration among participating Blue Cross Blue Shield companies, the Blue Cross Blue Shield Association, and Sandbox Industries, owned, governed and capitalized by participating Blue Plans and affiliates. It invests in venture and growth opportunities within healthcare technology, healthcare services and clinical sciences, and connects portfolio companies with Blue Plans to support commercialization.
Invests inHealthcare & Biotech
In its own wordshealthcarehealthcare serviceshealthcare technologyclinical scienceshealth insurancecommercialization
Your fit with Blue Venture Funds
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See how your round matches what it backs, point by point.
Or find every investor that fitsBlue Venture Funds lists 52 checked portfolio companies on its own site and is named in 8 funding rounds, 1 of them as lead. Its most frequent entry is Series A, 50% of the companies with a known first round. Its largest themes are Healthcare & Biotech (89%), Fintech (7%) and Cybersecurity (2%). 90% of its companies are based in United States. It invests most often alongside Sandbox Industries, .406 Ventures and CVS Health Ventures.
Counts come from funding rounds that name Blue Venture Funds, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not Blue Venture Funds' whole history. Rounds on record name 8 companies; its own site lists 52. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 0% |
| Series A | 50% |
| Series B | 17% |
| Growth | 33% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 5 | 1 |
| '26 | 3 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 85th | 52 companies |
| Recent activity | 76th | 3 rounds in 12 months |
| Early stage | 54th | 0% of entries at pre-seed or seed |
| Evidence | 80th | 12% of companies confirmed by a round |
| Sector focus | 95th | 89% in its largest sector |
| Reach | 58th | 3 countries |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Sandbox Industries | 6 |
| .406 Ventures | 5 |
| CVS Health Ventures | 3 |
| Echo Health Ventures | 3 |
| HLM Investment Partners | 3 |
| Lifeforce Capital | 3 |
| Oak HC/FT | 3 |
| Optum Ventures | 3 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers4688%
- No longer answers00%
- Points to another company612%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Healthcare & Biotech | 89% | 15% |
| Fintech | 7% | 12% |
| Cybersecurity | 2% | 4% |
| AI & Machine Learning | 2% | 18% |
Co-investor network
who it backs companies with, and who they back togetherAll co-investors or Compare portfolios with Sandbox Industries
Compare Blue Venture Funds head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Recent portfolio activity
when companies last raised with Blue Venture Funds| Date | Company | Stage |
|---|---|---|
| 19 Aug 2026 | Series A | |
| 12 Feb 2026 | Round | |
| 28 Jan 2026 | Series B | |
| 25 Sept 2025 | Series A | |
| 4 Sept 2025 | Series C+ | |
| 29 Aug 2025 | Round Led | |
| 25 Aug 2025 | Series A | |
| 31 Jul 2025 | Series C+ |
Round details for Blue Venture Funds
Amounts, full round histories and every co-investor in Blue Venture Funds' rounds are on Fundup AI. VCinfo covers investors and their portfolios.
Portfolio
52 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Abacus Insights provides a data platform for healthcare payers to connect and transform fragmented data into a single source of truth | Healthcare & Biotech | Portfolio page | ||
Healthcare & Biotech | Portfolio page | |||
| Alacura provides a structured solution for safe and cost-effective medical transfers | Healthcare & Biotech | Portfolio page | ||
Healthcare & Biotech | Portfolio page | |||
| Belong Health supplements existing health plan infrastructure with solutions to support complex-needs individuals. | Healthcare & Biotech | Portfolio page | ||
| Big Health provides digital mental health treatments for patients with insomnia and anxiety. | Healthcare & Biotech | Feb 2026Round | Page + round | |
| CareCentrix helps health plans improve outcomes, reduce costs, and simplify the complexities of home-based benefits management. | Healthcare & Biotech | Portfolio page | ||
| CirrusMD provides virtual care solutions, including physician-led virtual care and healthcare navigation. | Healthcare & Biotech | Portfolio page | ||
Healthcare & Biotech | Portfolio page | |||
| Daymark Health provides in-home and virtual cancer care services to patients. | Healthcare & Biotech | Sept 2025Series A | Page + round | |
| Drips delivers two-way text conversations that get responses, drive action, and lead to real outcomes | Healthcare & BiotechFintech | Portfolio page | ||
| Emids provides digital engineering, core platforms, and AI solutions for healthcare and life sciences enterprises. | Healthcare & Biotech | Portfolio page | ||
| ExactCare provides medication management and pharmacy care services, including managing refills, sorting medications into pill packs, and delivering them to patients' doors. | Healthcare & Biotech | Portfolio page | ||
| Exai Bio develops a next-generation RNA-based platform for early cancer detection using a simple blood draw and AI | Healthcare & Biotech | Portfolio page | ||
| First Dollar provides infrastructure for health spending benefits | Healthcare & BiotechFintech | Portfolio page | ||
| Fort Health provides virtual mental health services for children and adolescents | Healthcare & Biotech | Portfolio page | ||
| HealthEdge pairs a core administrative processing system with delivery models to match each health plan's operational reality. | Healthcare & Biotech | Portfolio page | ||
| Portfolio page | ||||
| Heartflow creates a detailed 3D model of the heart using AI analysis to help personalize treatment journeys for patients with coronary artery disease. | Healthcare & Biotech | Portfolio page | ||
| Humata Health provides prior authorization software with AI automation for healthcare providers and payers | Healthcare & Biotech | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- blueventurefund.com
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 31 Jul 2025
- Companies checked
- 52
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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