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 operates a SaaS platform that connects healthcare providers with patients in their homes. Its technology integrates clinical data into electronic medical records, facilitates communication, and manages billing. By utilizing an underutilized workforce of EMS professionals, MedArrive improves patient outcomes, fosters self-advocacy, reduces costs for payers and providers, and increases access to quality healthcare.

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
Founded in San Francisco in 2017, Bicycle Health is a virtual addiction medicine clinic specializing in treating opioid dependence or use disorder. The company offers accessible, confidential, and evidence-based treatment through its digital health platform, providing personalized medication management, behavioral health support, and peer assistance.

AristaMD

Series C in 2022
AristaMD is a digital health company that provides an electronic consultation platform to improve access to specialty care. Its eConsult solution enables primary care providers to submit patient cases, share clinical notes, histories, labs and images, and obtain rapid input from a panel of board-certified specialists. The platform supports payers and providers in launching specialty eConsults using either a physician network of their own or AristaMD's on-call specialists, all in a secure, HIPAA-compliant environment. By reducing referral wait times and unnecessary in-person visits, AristaMD aims to streamline care delivery. The company was founded in 2013 and is based in La Jolla, California.

RecoveryOne

Series C in 2021
RecoveryOne is a healthcare technology company specializing in musculoskeletal rehabilitation. The platform delivers diagnosis-specific, individualized recovery pathways through a combination of digital therapy and live coaching, using audio, HD video, and text-based instructions to guide patients from injury through recovery. The software supports personalized rehabilitation programs designed to reduce costs, accelerate recovery, and improve patient satisfaction. Founded in 2014 and headquartered in Walnut Creek, California, RecoveryOne focuses on delivering accessible, structured care that helps people recover from orthopedic injuries and manage the personal and economic burden of musculoskeletal conditions.

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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