# Lemhi Ventures: portfolio, investments and team > Lemhi Ventures is a vc firm based in United States. 18 investments on record, latest Mar 2018. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/lemhi-ventures (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Lemhi Ventures Last cheque observed Mar 2018. Silence since then is not evidence of inactivity: our sources miss unannounced rounds. Email Quiet VC firm Pre-seed Seed Series A Healthcare Healthcare Services Healthcare Technology Follow Lemhi Ventures and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Flemhi-ventures) Cheques on record **0%** of best year **0** **cheques in 12 months**, 18 on record Since the last cheque **3149** days **00** hrs **00** min **00** sec Median round **$23M** Cheque size, as they say **$500K – $5.0M** Rounds led **1 of 18** Sole investor **9 rounds** Exits **2 from the portfolio** Mostly in **United States, 100%** Pitch Lemhi Ventures ## Lemhi Ventures highlights - 01 18 rounds on record - 02 Mostly Series B and Series A: 47% of its rounds - 03 Sole investor in 9 rounds, median $7.0M - 04 2 exits from the portfolio ## What they do > We make investments in early stage (seed, & Series A) healthcare companies. Initial investments range from $500K to $5M. From their own website - **Type:** VC firm - **Cheque size:** $500K – $5.0M as they say - **Stages:** Pre-seed Seed Series A - **Sectors:** Healthcare Healthcare Services Healthcare Technology - **Based in:** Minneapolis, United States - **Cold pitches:** Not stated ## The record Every round we can evidence, newest first **18 appearances** - **2018** 1 round - **Mar** **[Digital Reasoning](https://millionrounds.com/company/digital-reasoning)** US · Fintech **$30M** With 6 others - **2016** 3 rounds - **Nov** **[Recondo](https://millionrounds.com/company/recondo)** Debt · US · FinSMEs **$16M** With 1 other - **Jun** **[RetraceHealth](https://millionrounds.com/company/retracehealth)** Series A · US · Bizjournals **$7.0M** Sole investor - **Mar** **[Digital Reasoning Systems](https://millionrounds.com/company/digital-reasoning-systems)** **$40M** *Led* - **2015** 1 round - **Aug** **[PokitDok](https://millionrounds.com/company/pokitdok)** Series B · US **$34M** With 6 others - **2014** 2 rounds - **Sept** **[Sandlot Solutions](https://millionrounds.com/company/sandlot-solutions)** Venture · US **$23M** Sole investor - **Jan** **[PlanSource Holdings](https://millionrounds.com/company/plansource-holdings)** Series B · US **$12M** With 1 other - **2013** 4 rounds - **Dec** **[Shareable Ink](https://millionrounds.com/company/shareable-ink)** Series C · US · finsmes.com **$11M** With 3 others - **May** **[Shareable Ink](https://millionrounds.com/company/shareable-ink)** Series C · US **$3.0M** With 2 others - **May** **[Shareable Ink](https://millionrounds.com/company/shareable-ink)** Debt · US · sec.gov **$3.0M** Sole investor - **Apr** **[OneHealth Solutions](https://millionrounds.com/company/onehealth-solutions)** Series B · US · finsmes.com **$9.0M** Sole investor - **2012** 2 rounds - **Jun** **[Shareable Ink](https://millionrounds.com/company/shareable-ink)** Series B · US · finsmes.com **$5.0M** Sole investor - **Feb** **[PlanSource Holdings](https://millionrounds.com/company/plansource-holdings)** Venture · US · prnewswire.com **$12M** Sole investor - **2011** 1 round - **May** **[ABILITY Network](https://millionrounds.com/company/ability-network)** Series C · US · businesswire.com **$27M** With 1 other - **2010** 1 round - **Jul** **[OneHealth Solutions](https://millionrounds.com/company/onehealth-solutions)** Series A · US · stockenews.com **$7.0M** Sole investor - **2008** 1 round - **Jan** **[DestinationRX](https://millionrounds.com/company/destinationrx)** Series A · US **$19M** Sole investor - **2007** 1 round - **Jan** **[ABILITY Network](https://millionrounds.com/company/ability-network)** Venture · US · bizjournals.com **$5.0M** Sole investor - **2006** 1 round - **Nov** Seed · paidcontent.org **$1.0M** With 18 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 We hold **3** 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. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[OneHealth Solutions](https://millionrounds.com/company/onehealth-solutions)** Bought by Viverae **Undisclosed** Sept 2014 **[DestinationRX](https://millionrounds.com/company/destinationrx)** Bought by Connecture **Undisclosed** Jan 2013 An exit counts when it came after the firm's first round in the company. From historical deal records. ## The cheque Pre-seed Seed Series A Median round joined **$23M** the round, not its cheque Alone, median **$7.0M** Led 1 of 18 rounds **6%** - **Said size:** $500K – $5.0M - **Sole investor:** 9 rounds - **Last cheque:** Mar 2018 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Series B *4* - Series A said *3* - Series C *3* - Venture *3* - Debt *2* - Pre-seed said *-* - Seed said *-* Cheques by year Led Joined 2006 2018 Often in the room with - [Martin Ventures](https://millionrounds.com/fund/martin-ventures) 2 - [Nashville Capital Network, Investment Arm](https://millionrounds.com/fund/nashville-capital-network-investment-arm) 2 **Pitching Lemhi Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Lemhi Ventures. A count of rooms they were both in, not a relationship either has claimed. [**Martin Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/martin-ventures)[**Nashville Capital Network, Investment Arm** VC firm **2** rounds together](https://millionrounds.com/fund/nashville-capital-network-investment-arm) ## Recently backed The latest companies Lemhi Ventures put money into. [**Digital Reasoning** $30M · Mar 2018](https://millionrounds.com/company/digital-reasoning)[**RetraceHealth** $7.0M · Jun 2016](https://millionrounds.com/company/retracehealth)[**Digital Reasoning Systems** $40M · Mar 2016](https://millionrounds.com/company/digital-reasoning-systems) ## Quick answers about Lemhi Ventures ### What does Lemhi Ventures invest in? Lemhi Ventures invests most often at Series B and Series A (47% of the rounds on record), in sectors such as Healthcare, Healthcare Services and Healthcare Technology. ### How active is Lemhi Ventures? 18 investments on record, 0 of them in the last 12 months, and it led 1. The most recent was in Mar 2018. ### What has Lemhi Ventures invested in recently? Its most recent investments on record: Digital Reasoning (Undisclosed round, Mar 2018), Recondo (Debt, Nov 2016) and RetraceHealth (Series A, Jun 2016). ### How big are Lemhi Ventures's cheques? The median round it joins is $23M. It says it writes cheques of $500K to $5.0M. ### Does Lemhi Ventures lead rounds? Sometimes: it led 1 of its 18 investments on record (6%). ### Where does Lemhi Ventures invest? Most of the companies it backs are in the United States (100%). ### Is Lemhi Ventures investing now? No investments in the last 12 months; the latest was in Mar 2018. ### Who does Lemhi Ventures invest alongside? Most often Martin Ventures (2 rounds together) and Nashville Capital Network, Investment Arm (2 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=lemhi-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=lemhi-ventures)