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Define Ventures company logo
Venture Capital
definevc.com

Investments

47

Portfolio Exits

1

Funds

4

Service Providers

1

About Define Ventures

Define Ventures is an early-stage venture capital firm. It is focused on investing in digital health companies and partnering with entrepreneurs with a digital health focus. The company was founded in 2019 and is based in San Francisco, California.

Headquarters Location

58 West Portal Avenue

San Francisco, California, 94114,

United States

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Latest Define Ventures News

Define Ventures Raises $460M for Digital Health Investments

May 4, 2023

May 3, 2023 Photo 43976826 © Tashatuvango | Dreamstime.com Define Ventures, an early-stage venture capital firm focused on investing in the digital health companies, has closed two new funds totaling $460 million to invest in incubation, seed, series A and series B stage startups. San Francisco Define Ventures says it combines Silicon Valley principles with deep healthcare operating experience. Define has incubated or partnered with companies such as Hims & Hers, Unite Us, Folx Health, and Cohere Health. Its newest fundraising pushes its total assets under management to approximately $800 million. "In the early stages of our company, Define Ventures stood out to us as a partner because its team has an established network from all corners of the healthcare ecosystem from providers to payers," said Dan Brillman, co-founder and CEO of Unite Us, in a statement. "Having Define's experience in helping companies scale across multiple categories from enterprise to consumer models was invaluable, and we look forward to continuing to partner with Define as we expand our impact on people's health in the community." Unite Us has built an operating system for social care to improve health. It has developed partnerships with state governments, nonprofit organizations and large health systems including Kaiser Permanente. For instance, Unite Louisiana uses the Unite Us technology platform to connect clinicians and social service providers to serve the health and social needs within communities and parishes statewide. "The healthcare system is evolving rapidly as multiple healthcare, technology and consumer trends converge, and even with the progress over the last few years, it remains a $4 trillion market opportunity that desperately needs greater digital transformation,” said Lynne Chou O'Keefe, founder and managing partner at Define Ventures, in a statement. “At Define Ventures, we are at the center of that convergence and combine the best of Silicon Valley thinking and deep healthcare operating experience to better understand how enterprise and consumer models will intersect to become the future of healthcare," Define Ventures currently partners with 21 companies and works with a network of payers, providers, employers, retailers, and life-science companies that can help entrepreneurs build sustainable businesses. The firm says it also has relationships with strategic advisors that span the healthcare, consumer and technology ecosystems that provide experience in creating and scaling industry-shaping companies. Define Ventures' two new funds include Fund III, which will support new early-stage investments, and Opportunities Fund, which will support its existing partner companies in their growth trajectories. Define Ventures' investment strategy centers on partnering with startups that are serving multiple ecosystem partners, such as consumers, payers, providers, employers and life-sciences companies. Sign up for HC Innovations eNewsletters SIGN UP

Define Ventures Investments

47 Investments

Define Ventures has made 47 investments. Their latest investment was in 9am.health as part of their Series A - II on February 20, 2024.

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Define Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/20/2024

Series A - II

9am.health

$9.5M

No

2

2/15/2024

Unattributed VC

Blackbird Health

$22.77M

Yes

1

2/12/2024

Series B - III

Lightship

$16.51M

No

3

2/1/2024

Series C

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$99M

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10

12/1/2023

Seed VC - II

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$99M

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10

Date

2/20/2024

2/15/2024

2/12/2024

2/1/2024

12/1/2023

Round

Series A - II

Unattributed VC

Series B - III

Series C

Seed VC - II

Company

9am.health

Blackbird Health

Lightship

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Amount

$9.5M

$22.77M

$16.51M

$99M

$99M

New?

No

Yes

No

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Co-Investors

Sources

2

1

3

10

10

Define Ventures Portfolio Exits

1 Portfolio Exit

Define Ventures has 1 portfolio exit. Their latest portfolio exit was Hims on January 20, 2021.

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

1/20/2021

Reverse Merger

$99M

7

Date

1/20/2021

Exit

Reverse Merger

Companies

Valuation

$99M

Acquirer

Sources

7

Define Ventures Fund History

4 Fund Histories

Define Ventures has 4 funds, including Define Ventures Opportunities Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/18/2023

Define Ventures Opportunities Fund

1

4/18/2023

Define Ventures Fund III

10

1/12/2021

Define Ventures Fund II

$99M

10

1/13/2020

Define Ventures Fund I

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$99M

10

Closing Date

4/18/2023

4/18/2023

1/12/2021

1/13/2020

Fund

Define Ventures Opportunities Fund

Define Ventures Fund III

Define Ventures Fund II

Define Ventures Fund I

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$99M

$99M

Sources

1

10

10

10

Define Ventures Service Providers

1 Service Provider

Define Ventures has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

General Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

General Counsel

Partnership data by VentureSource

Define Ventures Team

1 Team Member

Define Ventures has 1 team member, including current Founder, Managing Partner, Lynne Chou O'Keefe.

Name

Work History

Title

Status

Lynne Chou O'Keefe

Founder, Managing Partner

Current

Name

Lynne Chou O'Keefe

Work History

Title

Founder, Managing Partner

Status

Current

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