Cobalt Ventures

Cobalt Ventures is the private equity subsidiary of Blue Cross and Blue Shield of Kansas City, specializing exclusively in the healthcare sector. The firm focuses on investing in high-growth companies that possess scalable capabilities, aiming to enhance their impact across the national payer landscape. Through its strategic investments, Cobalt Ventures seeks to drive innovation and improve healthcare delivery, aligning with the broader objectives of its parent organization.

David Eichler

President and Managing Partner

David Eichler

President and Managing Partner

Benjamin Ersing

Principal

Dipa Mehta

Managing Partner

8 past transactions

Solera Health

Series E in 2025
Solera Health, Inc. is a preventive care benefits manager based in Phoenix, Arizona, that operates a technology platform designed to connect payers, doctors, patients, and non-clinical healthcare providers. Founded in 2015, Solera's platform serves as a single marketplace for health plans and medical providers, facilitating access to community organizations and digital therapeutics that address a variety of health concerns, including obesity, hypertension, diabetes prevention, mental health, and tobacco cessation. By matching members with tailored health programs, Solera emphasizes value-based health solutions that ensure timely access to appropriate health technologies and promote improved health outcomes.

MedArrive

Venture Round in 2023
MedArrive, Inc. is a New York-based company that operates a software-as-a-service health platform designed to enhance care management by connecting healthcare providers with patients in their homes. The platform integrates clinical data into electronic medical records and facilitates communication and billing processes. By utilizing emergency medical services professionals, MedArrive enables healthcare providers to deliver high-quality care at home, improving access for vulnerable populations while reducing overall healthcare costs. This innovative approach fosters patient self-advocacy and continuity of care, helping to re-engage patients in primary care and enhance health outcomes. MedArrive's technology and holistic care model represent a strategic effort to bridge the gap between virtual care and in-person support, ultimately benefiting both patients and healthcare providers.

SpectrumAi

Series A in 2023
SpectrumAi is a digital health company focused on enhancing Autism care by increasing access to high-quality Applied Behavior Analysis (ABA) therapy for children globally. By collaborating with industry experts in technology and healthcare, as well as clinical leaders, parents, and payers, SpectrumAi aims to modernize the delivery of autism care. The company's innovative healthcare technology offers objective data, meaningful insights, and actionable recommendations, all designed to support patients in achieving optimal outcomes. These outcomes include fostering independent living, building meaningful relationships, pursuing lifelong vocational goals, and promoting self-advocacy. Through its efforts, SpectrumAi seeks to transform the landscape of autism treatment and improve the quality of life for individuals on the spectrum.

Nymbl Science

Series B in 2022
Nymbl Science is focused on enhancing balance and reducing falls among older adults through a scientifically validated digital training program. The company leverages medical science and mobile technology to offer a unique application that combines physical and cognitive training. Users engage in dual-tasking exercises that promote reflexive balance, using just a smartphone for approximately 10 minutes a day. This approach not only helps users measure and track their health care status but also empowers them to improve their balance, thereby boosting confidence and enhancing overall quality of life. Nymbl Science aims to prevent one million falls, ultimately allowing older adults to maintain their independence and enjoyment of life.

Bicycle Health

Series B in 2022
Bicycle Health is a virtual addiction medicine clinic founded in 2017 in San Francisco, California, that specializes in treating opioid dependence and use disorder. The company offers medication-assisted treatment through a telemedicine platform, allowing patients to schedule appointments with addiction medicine specialists for medical evaluations and follow-ups via phone or video calls. Bicycle Health coordinates with patients' insurance to facilitate reimbursement for its services. By providing electronic prescriptions that can be sent to local pharmacies, the company ensures that medications are delivered directly to patients' doorsteps. This model enhances accessibility to addiction treatment while allowing physicians to maintain strong relationships with their patients.

AristaMD

Series C in 2022
AristaMD is a digital health company based in La Jolla, California, founded in 2013. It specializes in enhancing the specialty referral process through its eConsult platform. This platform equips primary care providers with clinical workup checklists and enables electronic consultations with specialists. AristaMD's solution allows payers and providers to initiate specialist eConsults using their own specialists or those from AristaMD’s board-certified panel. The platform facilitates the transmission of patient clinical notes, history, lab results, and images, fostering collaboration on care plans within hours. This approach aims to improve patient outcomes by providing timely access to specialty care and reducing referral wait times.

RecoveryOne

Series C in 2021
RecoveryOne is a company specializing in mHealth solutions aimed at aiding patients recovering from orthopedic injuries. Founded in 2014 and based in Walnut Creek, California, RecoveryOne offers personalized rehabilitation programs that integrate digital therapy with live coaching. Its innovative software is designed to treat musculoskeletal injuries through diagnosis-specific recovery pathways, providing clear audio, high-definition video, and text-based instructions. This approach not only facilitates optimal recovery but also helps reduce both the personal and economic burdens associated with musculoskeletal issues, ultimately enhancing patient satisfaction and accelerating recovery times.

Nymbl Science

Series A in 2020
Nymbl Science is focused on enhancing balance and reducing falls among older adults through a scientifically validated digital training program. The company leverages medical science and mobile technology to offer a unique application that combines physical and cognitive training. Users engage in dual-tasking exercises that promote reflexive balance, using just a smartphone for approximately 10 minutes a day. This approach not only helps users measure and track their health care status but also empowers them to improve their balance, thereby boosting confidence and enhancing overall quality of life. Nymbl Science aims to prevent one million falls, ultimately allowing older adults to maintain their independence and enjoyment of life.
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