Lemhi Ventures

Lemhi Ventures is a venture capital firm established in 2006 and based in Minnetonka, Minnesota. The firm specializes in early and seed-stage investments within the healthcare services industry, focusing on companies that offer innovative business models capable of disrupting the market. Lemhi Ventures typically seeks to be a lead investor and often takes board seats or partners with portfolio companies to guide their growth. The firm does not engage in investments related to medical devices or specific therapeutic developments. With a team of experienced entrepreneurs and executives, Lemhi Ventures leverages diverse backgrounds to identify and support emerging companies across the United States.

Anthony Miller

Founder and Managing Partner

John Park

Partner

Matt Scholl

General Partner

Past deals in Minnesota

Bind Benefits, Inc.

Series B in 2020
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.

Bind Benefits, Inc.

Series A in 2018
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.

Bind Benefits, Inc.

Series A in 2018
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.

Bind Benefits, Inc.

Venture Round in 2017
Bind Benefits, Inc. is a health insurance company based in Minneapolis, Minnesota, founded in 2016. It offers tailored health insurance services to individuals, families, employers, and healthcare providers. Unlike traditional health insurance models, which often charge for unnecessary services, Bind allows customers to pay only for the coverage they need and offers the flexibility to adjust this coverage as their needs change. The company distributes its services through brokers, consultants, and online platforms, ensuring accessibility and adaptability for its clients.

RetraceHealth

Series A in 2016
RetraceHealth, Inc. is a healthcare provider that offers both urgent and routine medical services through an online platform, facilitating video consultations and in-person home visits. The company focuses on delivering high-quality primary care, including preventive, pediatric, and illness-related treatments, as well as management for chronic conditions such as high blood pressure and diabetes. RetraceHealth operates in Minnesota and Wisconsin, providing video visits statewide and home visits primarily in the Twin Cities metro area. Founded in 2013 and based in Minneapolis, the company aims to make personal healthcare accessible and affordable, delivering medical services comparable to those found in clinics but directly to patients' homes.

PlanSource

Series B in 2014
PlanSource Benefits Administration, Inc. is a cloud-based provider of benefits administration and human capital management solutions, primarily aimed at small and medium-sized businesses. Founded in 2002 and headquartered in Orlando, Florida, the company offers a comprehensive benefits administration platform that automates various transactions and connects employers with insurance carriers. Its services include customizable storefronts for insurance products, shopping and enrollment solutions, billing, and compliance with the Affordable Care Act. PlanSource also provides tools like Elasti-Girl software for tailored benefits planning, as well as integrated human resources management systems that encompass payroll and workforce management. The company's offerings facilitate the buying, selling, and administration of employee benefits, fostering collaboration among brokers, insurance providers, employers, and employees through a unified data platform and self-service website. PlanSource operates additional locations in South Carolina, Michigan, Minnesota, and Utah.

PlanSource

Venture Round in 2012
PlanSource Benefits Administration, Inc. is a cloud-based provider of benefits administration and human capital management solutions, primarily aimed at small and medium-sized businesses. Founded in 2002 and headquartered in Orlando, Florida, the company offers a comprehensive benefits administration platform that automates various transactions and connects employers with insurance carriers. Its services include customizable storefronts for insurance products, shopping and enrollment solutions, billing, and compliance with the Affordable Care Act. PlanSource also provides tools like Elasti-Girl software for tailored benefits planning, as well as integrated human resources management systems that encompass payroll and workforce management. The company's offerings facilitate the buying, selling, and administration of employee benefits, fostering collaboration among brokers, insurance providers, employers, and employees through a unified data platform and self-service website. PlanSource operates additional locations in South Carolina, Michigan, Minnesota, and Utah.

ABILITY Network

Series C in 2011
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services, including billing, Medicare claims management, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of healthcare facilities and providers, ABILITY Network has established a large, web-based secure healthcare network that facilitates millions of transactions daily, earning the trust of major hospitals and healthcare organizations across the United States. The company, formerly known as VisionShare, changed its name in 2011 and operates as a subsidiary of Inovalon Holdings, Inc.

ABILITY Network

Venture Round in 2007
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services, including billing, Medicare claims management, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of healthcare facilities and providers, ABILITY Network has established a large, web-based secure healthcare network that facilitates millions of transactions daily, earning the trust of major hospitals and healthcare organizations across the United States. The company, formerly known as VisionShare, changed its name in 2011 and operates as a subsidiary of Inovalon Holdings, Inc.
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.