United States · 
What does The Blue Venture Fund invest in?
The Blue Venture Fund invests most often at Series A and Seed (67% of the rounds on record), in sectors such as Industry Agnostic, Industry-agnostic and Agnostic.
The Blue Venture Fund highlights
- 01
3 cheques in the last 12 months
- 02
Mostly Series A and Seed: 67% of its rounds
- 03
Sole investor in 4 rounds, median $4.0M
- 04
3 exits from the portfolio
What they do
The Blue Venture Fund is a one-of-a-kind partnership amongst participating Blue Cross Blue Shield companies looking to advance the healthcare industry. We invest in technology, services, and clinical sciences companiesFrom their own website
- Type
- Corporate VC (from a list, unverified)
- Cheque size
- $1.0M – $20M as they say
- Stages
- SeedSeries ASeries BGrowthPre-IPO
- Sectors
- Industry AgnosticIndustry-agnosticAgnostic
- Based in
- Chicago, United States
- Cold pitches
- Not stated
The record
Every round we can evidence, newest first44 appearances
- 2026
2 rounds
- Aug
- Feb
- 2025
1 round
- Nov
- 2019
4 rounds
- Nov
- Nov
- May
- Mar
- 2016
2 rounds
- Aug
- Jun
- 2015
6 rounds
- Dec
- Nov
- Oct
- Sept
- Jul
- Jun
- 2014
6 rounds
- Sept
- Sept
- Jul
- May
- Mar
- Mar
- 2013
13 rounds
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Sept
- Aug
- Aug
- Apr
- Apr
- 2012
4 rounds
- Dec
- Aug
- May
- Jan
- 2011
1 round
- Oct
- 2010
3 rounds
- Oct
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 registration5 named
BCBlue Cross Blue Shield AssociationPromoteriFiling they signed
BLBrad LubrandTreasureriFiling they signed
JBJohn BantaPresident and Managing DirectoriFiling they signed
JLJuan LopezChair of the BoardiFiling they signed
SCSandra ClarkeChair of the BoardiFiling they signed
We also hold 9 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 they claim to have backed
From their own portfolio page (on their website)
0 of 1 we have independently watched raise
Limber Health Closes
Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Exits from the portfolio
Companies it backed that were later bought or listed3 in all
NaviHealthBought by Cardinal Health$410MAug 2015
Change HealthcareBought by Emdeon$135MNov 2014
Initiate SystemsBought by IBM (International Business Machines)UndisclosedFeb 2010
An exit counts when it came after the firm's first round in the company. From historical deal records.