Blue Venture Fund

Blue Venture Fund is the corporate venture capital arm of the BlueCross and BlueShield Association, based in Chicago. It operates as a strategic investor in healthcare, backing emerging companies in healthcare technology, healthcare services, and clinical sciences. The organization targets innovations that improve quality of care, enhance patient experience, and reduce costs, aligning with the needs of BCBS member companies and their policyholders. By funding early to growth-stage ventures, it supports the adoption of new solutions within the healthcare system and complements BCBS efforts to advance value-based care.

John Banta

President and Managing Director

Kelly Carlquist

Vice President

Emir Sandhu

Managing Director

Past deals in Alaska

Workit Health

Series C in 2021
Workit Health provides online therapeutic content and professional counseling services for substance use recovery. It offers Workit, an interactive platform for individuals seeking to reduce or quit alcohol consumption, providing discreet access to on-demand medical and psychosocial support.

Workit Health

Series B in 2020
Workit Health provides online therapeutic content and professional counseling services for substance use recovery. It offers Workit, an interactive platform for individuals seeking to reduce or quit alcohol consumption, providing discreet access to on-demand medical and psychosocial support.

Ideal Option

Private Equity Round in 2019
Ideal Option PLLC is a healthcare provider specializing in medication-assisted treatment (MAT) and behavioral counseling for individuals struggling with substance use disorders, including opioid addiction. Founded in 2012 and headquartered in Kennewick, Washington, the company operates a network of 60 clinics across ten states, including Alaska, Idaho, and Minnesota. Ideal Option offers a range of medications such as Suboxone, Vivitrol, and Acamprosate, complemented by on-site behavioral health services like counseling and case management. The organization emphasizes personalized treatment programs tailored to individual patient needs and leverages telemedicine technology to extend its reach to underserved areas. With a team of over 90 medical providers, Ideal Option is committed to delivering compassionate and effective care to more than 20,000 patients.

Workit Health

Series A in 2019
Workit Health provides online therapeutic content and professional counseling services for substance use recovery. It offers Workit, an interactive platform for individuals seeking to reduce or quit alcohol consumption, providing discreet access to on-demand medical and psychosocial support.
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