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

Vice President of Investments

John Banta

Managing Director

Emir Sandhu

Managing Director

Bo Shi

Vice President

Past deals in Rhode Island

Upward Health

Series C in 2025
Upward Health Inc., established in 2017 and headquartered in Providence, Rhode Island, is a specialty care coordination organization that partners with health plans and providers to deliver home-based medical and behavioral care for individuals with complex needs, such as mental illness and substance abuse disorders. The company coordinates care among members' caregivers, primary care physicians, and other specialists to facilitate recovery and safe community reintegration. By focusing on high-risk patients, Upward Health aims to improve outcomes and reduce healthcare costs for its partners.

Upward Health

Series B in 2022
Upward Health Inc., established in 2017 and headquartered in Providence, Rhode Island, is a specialty care coordination organization that partners with health plans and providers to deliver home-based medical and behavioral care for individuals with complex needs, such as mental illness and substance abuse disorders. The company coordinates care among members' caregivers, primary care physicians, and other specialists to facilitate recovery and safe community reintegration. By focusing on high-risk patients, Upward Health aims to improve outcomes and reduce healthcare costs for its partners.
Spot something off? Help us improve by flagging any incorrect or outdated information. Just email us at support@teaserclub.com. Your feedback is most welcome.