Investments
111Portfolio Exits
25Funds
4Service Providers
1About The Blue Venture Fund
The Blue Venture Fund is a corporate venture fund program to which thirty-six BCBS entities have committed over $800 million across four Funds. The Funds invest in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield Plans and provide access to its portfolio to deploy innovation at scale. The Blue Venture Fund is sponsored by the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies.
The Blue Venture Fund Headquarter Location
225 North Michigan Ave
Chicago, Illinois, 60601,
United States
312-297-6560
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Fortune 500 Investor list
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The Blue Venture Fund Web Traffic
The Blue Venture Fund Rank
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CB Insights Intelligence Analysts have mentioned The Blue Venture Fund in 1 CB Insights research brief, most recently on Nov 18, 2019.
Latest The Blue Venture Fund News
Apr 28, 2022
Back to HomeCHICAGO, IL, Waltz Health, a provider of tools that help consumers make better-informed decisions on their prescriptions, launched with a $35 million Series A round of funding.Waltz Health, a provider of tools that help consumers make better-informed decisions on their prescriptions.The company officially launched with a $35 million Series A round of funding.Waltz Health's $35.4 million funding was led by GV, and included participation from Define Ventures, Echo Health Ventures, Blue Venture Fund, Byers Capital, and Twine Ventures. (c)2011-2020 by Massinvestor, Inc. For contact info, please check out our about page. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.
The Blue Venture Fund Investments
111 Investments
The Blue Venture Fund has made 111 investments. Their latest investment was in Abacus Insights as part of their Series C on June 6, 2022.
The Blue Venture Fund Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/17/2022 | Series C | Abacus Insights | $28M | No | 3 | |
4/26/2022 | Series A | Waltz Health | $35.4M | Yes | Byers Capital, Define Ventures, Echo Health Ventures, Google Ventures, Twine Ventures, and Undisclosed Angel Investors | 9 |
2/23/2022 | Series E | Somatus | $325M | No | 12 | |
1/27/2022 | Series A | |||||
10/21/2021 | Series C |
Date | 6/17/2022 | 4/26/2022 | 2/23/2022 | 1/27/2022 | 10/21/2021 |
|---|---|---|---|---|---|
Round | Series C | Series A | Series E | Series A | Series C |
Company | Abacus Insights | Waltz Health | Somatus | ||
Amount | $28M | $35.4M | $325M | ||
New? | No | Yes | No | ||
Co-Investors | Byers Capital, Define Ventures, Echo Health Ventures, Google Ventures, Twine Ventures, and Undisclosed Angel Investors | ||||
Sources | 3 | 9 | 12 |
The Blue Venture Fund Portfolio Exits
25 Portfolio Exits
The Blue Venture Fund has 25 portfolio exits. Their latest portfolio exit was OncoHealth on May 09, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
5/9/2022 | Acq - Fin | 1 | |||
4/28/2022 | Acquired | 1 | |||
1/5/2022 | Acquired | 3 | |||
Date | 5/9/2022 | 4/28/2022 | 1/5/2022 | ||
|---|---|---|---|---|---|
Exit | Acq - Fin | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 3 |
The Blue Venture Fund Fund History
4 Fund Histories
The Blue Venture Fund has 4 funds, including BlueCross BlueShield Venture Partners III.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
5/25/2017 | BlueCross BlueShield Venture Partners III | $10M | 4 | ||
8/30/2013 | BlueCross BlueShield Venture Partners II | ||||
7/9/2008 | BlueCross BlueShield Venture Partners | ||||
BlueCross BlueShield Venture Partners IV |
Closing Date | 5/25/2017 | 8/30/2013 | 7/9/2008 | |
|---|---|---|---|---|
Fund | BlueCross BlueShield Venture Partners III | BlueCross BlueShield Venture Partners II | BlueCross BlueShield Venture Partners | BlueCross BlueShield Venture Partners IV |
Fund Type | ||||
Status | ||||
Amount | $10M | |||
Sources | 4 |
The Blue Venture Fund Service Providers
1 Service Provider
The Blue Venture Fund has 1 service provider relationship
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Sandbox Industries | Series A | Other | Financial Advisor |
Service Provider | Sandbox Industries |
|---|---|
Associated Rounds | Series A |
Provider Type | Other |
Service Type | Financial Advisor |
Partnership data by VentureSource
The Blue Venture Fund Team
3 Team Members
The Blue Venture Fund has 3 team members, including current Managing Director, Thomas C. Hawes.
Name | Work History | Title | Status |
|---|---|---|---|
Thomas C. Hawes | Managing Director | Current | |
Mike Spadafore | Managing Director | Current | |
Kerry Byler | Managing Director | Former |
Name | Thomas C. Hawes | Mike Spadafore | Kerry Byler |
|---|---|---|---|
Work History | |||
Title | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Former |
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