# Blue Heron Capital: portfolio, investments and team

> Blue Heron Capital is a vc firm based in United States. 16 investments on record, latest Jul 2019. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/blue-heron-capital (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Blue Heron Capital

Last cheque observed Jul 2019. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Email

Quiet New fund $81M, Mar 2023 VC firm

Seed Series A Series B Health-tech Wellness E-health

Follow Blue Heron Capital and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fblue-heron-capital)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 16 on record

Since the last cheque **2670** days **00** hrs **00** min **00** sec

Median round **$11M** Cheque size, as they say **$2.0M – $8.0M** Rounds led **0 of 16** Sole investor **3 rounds** Mostly in **United States, 100%**

Pitch Blue Heron Capital

## Blue Heron Capital highlights

- 01 16 rounds on record
- 02 Mostly Venture and Series B: 75% of its rounds
- 03 Sole investor in 3 rounds, median $3.5M

## What they do

> We are an early-stage growth equity firm funding big ideas in healthcare and enterprise technology. From their own website

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** $2.0M – $8.0M as they say
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Health-tech Wellness E-health
- **Based in:** Richmond, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **16 appearances**

- **2019** 2 rounds
- **Jul** **[Stratasan](https://millionrounds.com/company/stratasan)** US · FinSMEs **$26M** With 4 others
- **Jun** **[ChartSpan](https://millionrounds.com/company/chartspan)** Series A · US · FinSMEs **$15M** With 4 others
- **2018** 1 round
- **Feb** **[HomeCare](https://millionrounds.com/company/homecare)** US · Prweb **$11M** With 3 others
- **2017** 1 round
- **Oct** **[Starc Systems](https://millionrounds.com/company/starc-systems)** US · FinSMEs **$3.5M** Sole investor
- **2016** 1 round
- **Jul** **[Avizia](https://millionrounds.com/company/avizia)** US · FinSMEs **$11M** Sole investor
- **2015** 3 rounds
- **Nov** **[PresenceLearning](https://millionrounds.com/company/presencelearning)** Series C · US **$25M** With 4 others
- **Oct** **[Verisma Systems, Inc.](https://millionrounds.com/company/verisma-systems-inc)** Venture · US **$1.2M** With 3 others
- **Aug** **[TRICAST](https://millionrounds.com/company/tricast)** Venture · US **$3.3M** With 1 other
- **2014** 2 rounds
- **Sept** **[WiserTogether](https://millionrounds.com/company/wisertogether)** Series B · US **$9.0M** With 6 others
- **Apr** **[PC Network Services](https://millionrounds.com/company/pc-network-services)** Venture · US **Undisclosed** With 1 other
- **2013** 3 rounds
- **Dec** **[CSA Medical](https://millionrounds.com/company/csa-medical)** Series C · US **$16M** With 6 others
- **Jul** **[Local Voice Media](https://millionrounds.com/company/local-voice-media)** Series B · US · finsmes.com **$3.0M** Sole investor
- **Apr** **[PresenceLearning](https://millionrounds.com/company/presencelearning)** Venture · US · techcrunch.com **$8.0M** With 5 others
- **2012** 1 round
- **May** **[innRoad](https://millionrounds.com/company/innroad)** Series B · US · pevc.dowjones.com **$5.8M** With 1 other
- **2011** 2 rounds
- **Dec** **[CSA Medical](https://millionrounds.com/company/csa-medical)** Series B · US · finsmes.com **$21M** With 3 others
- **Jan** **[CipherOptics](https://millionrounds.com/company/cipheroptics)** Venture · US · localtechwire.com **$21M** With 4 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AS **Andrew Scott Tichenor** Principal of general partner; member of investment committee i Filing they signed

MJ **Michael J Marcantonio** Principal of general partner; member of investment committee i Filing they signed

ST **Samuel T Sezak** Principal of general partner; member of investment committee i Filing they signed

TQ **Thomas Quentin Benedetti** Prinicpal of general partner; member of investment committee i Filing they signed

We also hold **11** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$301M** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** BLUE Heron Capital Management, LLC
- **SEC number:** CRD 300018

New fund on file

**$81M**

raised in Mar 2023

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$11M** the round, not its cheque Alone, median **$3.5M**

Led 0 of 16 rounds **0%**

- **Said size:** $2.0M – $8.0M
- **Sole investor:** 3 rounds
- **Last cheque:** Jul 2019

Rounds by stage said on their site

- Venture *5*
- Series B said *4*
- Series C *2*
- Series A said *1*
- Seed said *-*
- Growth said *-*

Cheques by year Led Joined

2011 2019

Often in the room with

- [Birchmere Ventures](https://millionrounds.com/fund/birchmere-ventures) 2
- [Brook Venture Partners](https://millionrounds.com/fund/brook-venture-partners) 2
- [Catamount Ventures](https://millionrounds.com/fund/catamount-ventures) 2
- [First Analysis](https://millionrounds.com/fund/first-analysis) 2
- [Intersouth Partners](https://millionrounds.com/fund/intersouth-partners) 2
- [New Markets Venture Partners](https://millionrounds.com/fund/new-markets-venture-partners) 2

**Pitching Blue Heron Capital?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

The investors most often in the same rounds as Blue Heron Capital. A count of rooms they were both in, not a relationship either has claimed.

[**Birchmere Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/birchmere-ventures)[**Brook Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/brook-venture-partners)[**Catamount Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/catamount-ventures)[**First Analysis** VC firm **2** rounds together](https://millionrounds.com/fund/first-analysis)[**Intersouth Partners** VC firm **2** rounds together](https://millionrounds.com/fund/intersouth-partners)[**New Markets Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/new-markets-venture-partners)[**Rose Park Advisors** VC firm **2** rounds together](https://millionrounds.com/fund/rose-park-advisors)[**SV Life Sciences** VC firm **2** rounds together](https://millionrounds.com/fund/sv-life-sciences)

## Recently backed

The latest companies Blue Heron Capital put money into.

[**Starc Systems** $3.5M · Oct 2017](https://millionrounds.com/company/starc-systems)[**Avizia** $11M · Jul 2016](https://millionrounds.com/company/avizia)

## Quick answers about Blue Heron Capital

### What does Blue Heron Capital invest in?

Blue Heron Capital invests most often at Venture and Series B (75% of the rounds on record), in sectors such as Health-tech, Wellness and E-health.

### How active is Blue Heron Capital?

16 investments on record, 0 of them in the last 12 months. The most recent was in Jul 2019.

### What has Blue Heron Capital invested in recently?

Its most recent investments on record: Stratasan (Undisclosed round, Jul 2019), ChartSpan (Series A, Jun 2019) and HomeCare (Undisclosed round, Feb 2018).

### How big are Blue Heron Capital's cheques?

The median round it joins is $11M. It says it writes cheques of $2.0M to $8.0M.

### Does Blue Heron Capital lead rounds?

Rarely, if at all: none of its 16 investments on record names it as the lead.

### Where does Blue Heron Capital invest?

Most of the companies it backs are in the United States (100%).

### Is Blue Heron Capital investing now?

No investments in the last 12 months; the latest was in Jul 2019.

### Who does Blue Heron Capital invest alongside?

Most often Birchmere Ventures (2 rounds together), Brook Venture Partners (2 rounds together) and Catamount Ventures (2 rounds together).

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