Cobalt Ventures

Cobalt Ventures is the captive private equity subsidiary of Blue Cross and Blue Shield of Kansas City. With a sole focus on healthcare, we invest in high-growth companies with capabilities that can be scaled and leveraged nationally across the payer universe.

David Eichler

President and Managing Partner

Benjamin Ersing

Principal

Dipa Mehta

Managing Partner

4 past transactions

MedArrive

Venture Round in 2023
MedArrive, Inc. is a New York-based startup that operates a software-as-a-service health platform designed to enhance home healthcare services. By connecting emergency medical services (EMS) professionals with patients, MedArrive enables healthcare providers to seamlessly extend care into patients' homes. The platform integrates physician-led telemedicine with hands-on support, facilitating effective communication and care management. This innovative approach allows for improved continuity of care, better patient outcomes, and cost savings for both patients and providers. Founded in 2020, MedArrive aims to bridge the virtual care gap, making high-quality healthcare more accessible to a broader population.

AristaMD

Series C in 2022
AristaMD, Inc. is a digital health company based in La Jolla, California, founded in 2013. The company specializes in enhancing the specialty referral process through its electronic consultation platform, which allows primary care providers to conduct eConsults with specialists. This platform includes clinical workup checklists and facilitates the secure transmission of patient clinical notes, history, lab results, and images, enabling collaborative care planning. By connecting primary care physicians with board-certified specialists, AristaMD aims to improve patient access to specialty care, reduce referral wait times, and minimize unnecessary in-person visits.

RecoveryOne

Series C in 2021
RecoveryOne, founded in 2013 and based in Walnut Creek, California, specializes in digital physical therapy solutions for musculoskeletal recovery through telerehabilitation. The company offers a HIPAA-compliant application that connects healthcare providers with patients recovering from musculoskeletal injuries. Its services are designed for health plans, health systems, and employers, providing personalized programs that integrate digital therapy with live coaching. This approach aims to reduce costs, accelerate recovery, and enhance patient satisfaction, making it an innovative player in the mHealth sector.

Nymbl Science

Series A in 2020
Nymbl Science training helps maintain and improve balance for a better quality of life, at every age. The company's mission is to use medical science and mobile technology to improve balance and prevent falls. Nymbl is a scientifically validated digital balance training program that will prevent 1 million falls. It’s an effective and engaging way to train the brain and body to work together, using just a smartphone and in only 10 minutes a day, allowing older adults to preserve and enhance their freedom and enjoyment of life.
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