Blue Venture Fund

Blue Venture Fund is a strategic investment entity based in Chicago, Illinois, founded in 2008. The organization focuses on fostering innovation within the healthcare sector by investing in emerging companies that have the potential to enhance the quality of care, improve patient experiences, and reduce costs. It specifically targets investments in healthcare technology, healthcare services, and clinical sciences. The fund aligns its investment strategy with the needs and priorities of Blue Cross Blue Shield member companies and their policyholders, ensuring that its initiatives support the broader goal of advancing healthcare solutions.

John Banta

Vice President of Investments

John Banta

Managing Director

Kelsey Maguire

Managing Director

Emir Sandhu

Managing Director

Bo Shi

Vice President

Mike Spadafore

Managing Director

Past deals in Alaska

Workit Health

Series C in 2021
Workit Health, Inc. is a provider of online therapeutic content and counseling services focused on substance use recovery. Founded in 2014 and based in Ann Arbor, Michigan, the company operates an online platform that offers interactive resources, medication-assisted treatment, and psychiatric support through its mobile app. Workit Health delivers harm reduction-based opioid addiction treatment and facilitates access to both virtual and in-person medical and psychosocial support. Serving a diverse clientele that includes employers, educational institutions, healthcare facilities, and recovery communities, Workit Health aims to provide clinically proven telemedicine services that enable individuals to seek help for substance use disorders in a private, flexible manner, ensuring minimal disruption to their daily lives. The company has locations in multiple states, including California, New Jersey, Alaska, and Washington.

Workit Health

Series B in 2020
Workit Health, Inc. is a provider of online therapeutic content and counseling services focused on substance use recovery. Founded in 2014 and based in Ann Arbor, Michigan, the company operates an online platform that offers interactive resources, medication-assisted treatment, and psychiatric support through its mobile app. Workit Health delivers harm reduction-based opioid addiction treatment and facilitates access to both virtual and in-person medical and psychosocial support. Serving a diverse clientele that includes employers, educational institutions, healthcare facilities, and recovery communities, Workit Health aims to provide clinically proven telemedicine services that enable individuals to seek help for substance use disorders in a private, flexible manner, ensuring minimal disruption to their daily lives. The company has locations in multiple states, including California, New Jersey, Alaska, and Washington.

Workit Health

Series A in 2019
Workit Health, Inc. is a provider of online therapeutic content and counseling services focused on substance use recovery. Founded in 2014 and based in Ann Arbor, Michigan, the company operates an online platform that offers interactive resources, medication-assisted treatment, and psychiatric support through its mobile app. Workit Health delivers harm reduction-based opioid addiction treatment and facilitates access to both virtual and in-person medical and psychosocial support. Serving a diverse clientele that includes employers, educational institutions, healthcare facilities, and recovery communities, Workit Health aims to provide clinically proven telemedicine services that enable individuals to seek help for substance use disorders in a private, flexible manner, ensuring minimal disruption to their daily lives. The company has locations in multiple states, including California, New Jersey, Alaska, and Washington.
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