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Venture Capital
healthvelocitycapital.com

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Investments

21

Portfolio Exits

5

Funds

4

Service Providers

1

About Health Velocity Capital

Health Velocity Capital is a healthcare-focused venture and growth capital partnership formed by Marty Felsenthal.

Health Velocity Capital Headquarter Location

50 California Street, Suite 3650

San Francisco, California, 94111,

United States

415-986-2900

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Latest Health Velocity Capital News

09:00 EDT Greater Good Health Raises $10 Million in Funding to Empower Nurse Practitioners and Improve Primary Care Access

May 18, 2022

News provided by Share this article Share this article Having launched a care model centered around nurse practitioners, Greater Good Health's latest funding round will broaden its reach and breadth of value-based care capabilities MANHATTAN BEACH, Calif., May 18, 2022 /PRNewswire/ --  Greater Good Health , the company redefining value-based care through the first primary care model centered around nurse practitioners, today announced that it has secured a total of $13 million in funding since its inception last year. Adding to $3 million in previously undisclosed seed funding, Greater Good Health recently closed another round totaling $10 million led by LRVHealth, with participation from Martin Ventures, Health Velocity Capital, returning investor Optum Ventures and additional angel investors and renowned healthcare experts. A testament to Greater Good Health's continued growth trajectory, the funds will be used to help the company grow its existing network of NPs, expand into additional states and broaden its digital solution. "Nurse practitioners, along with other healthcare professionals, have felt undervalued and burnt out for years – a sentiment that was exacerbated by the pandemic and continues in its aftermath," said Sylvia Hastanan, founder and CEO of Greater Good Health, who spent the last decade in leadership roles with national provider organizations such as Optum, Davita Medical Group and HealthCare Partners. "As a result, the nation is facing an alarming shortage of healthcare workers, especially in primary care. To help address provider burnout, it's important to build and expand systems designed to support healthcare professionals to work at the top of their license." Greater Good Health connects and empowers NPs with value-based care training, technology tools, clinical resources and professional development. Resources include a technology-enabled community, personal wellness experiences and professional learning and development content. Additionally, the digital platform enables NPs to improve scheduling, access clinical resources and more. "With more states moving to full practice authority, we recognize that NPs are well-positioned to help improve health access and equity for all," said Hastanan. "And as we continue providing NPs with the tools needed to be successful, we look forward to further expanding our reach to more patients – especially those that struggle with accessing a physician." Operating primarily on the West Coast, Greater Good Health plans to expand in geography and services with value-based provider groups, hospitals and health plans. "The biggest challenge in healthcare right now is addressing rampant provider burnout and physician shortage – especially within primary care. We're hearing this repeatedly from the health systems and other strategic partners in our network," said Tripp Peake, managing partner at LRVHealth. "We're investing in Greater Good Health because their unique approach to empowering nurse practitioners helps fill massive gaps in care. It opens access to primary medicine for more people, keeps people healthier, and ultimately benefits everyone as the industry continues its shift to value-based care." For more information and to join the community, visit www.greatergoodhealth.com . About Greater Good Health Greater Good Health is a healthcare startup committed to redefining holistic value-based care and expanding primary care access. The company's platform, centered around nurse practitioners (NPs), provides NPs access to a broad community, an education portal, including the Greater Good Institute, technology tools to enhance scheduling, analytics, and access point of care tools, as well wellness resources to help prevent burnout. For more information, visit www.greatergoodhealth.com . About LRVHealth LRVHealth is the "Inside Healthcare" venture capital platform. LRVHealth's investors include leading provider, payer, and vendor organizations, comprising a network that touches one in three healthcare consumers across the U.S. Together, this network collaborates to identify, invest in, and adopt innovative solutions to the industry's most pressing needs. Founded in 2000 by an experienced team of healthcare investors, operators, and advisors, the LRVHealth team provides early-stage capital, operating experience, and industry insight to build the next generation of great healthcare companies. For more information, visit  www.LRVHealth.com . About Martin Ventures Martin Ventures is a healthcare-focused venture capital firm based in Nashville, TN. Martin Venture focuses on both building de novo companies and investing capital into world-class entrepreneurs' leading innovative healthcare technology and services companies. For more information, visit www.martinventures.com. About Health Velocity Capital Health Velocity Capital invests exclusively in innovative healthcare software and services companies. The firm's partners have more than 75 collective years as investors, entrepreneurs, and executives helping to finance and build innovative companies that created important new healthcare markets and that became market leaders, including successful companies such as Teladoc , Livongo Health , Change Healthcare , MDLive , Contessa Health , Headspace Health , Aspire Health , Zipari , IVX Health , Well Health , Compassus , Aperio , The Advisory Board Company , Healthways (Tivity Health) , US Renal Care , Spero Health , OnShift , Vantage Oncology, D2Hawkeye, Circulation Health , Payerpath , and many others. In addition to investing on behalf of institutional investors, Health Velocity Capital invests on behalf of a number of the nation's largest and most influential healthcare organizations and many of their top executives who collectively represent organizations that provide health insurance to more than 175 million Americans, operate more than 600 hospitals, provide pharmacy and PBM services to all Americans, and provide software and services to every major hospital in the United States. For more information, please visit www.healthvelocitycapital.com. About Optum Ventures Optum Ventures is the independent venture fund of Optum, a leading information and technology-enabled health services business dedicated to helping make the health system work better for everyone, and part of the UnitedHealth Group. Optum Ventures invests in digital health companies that use data and insights to help improve consumers' access to health care services and how care is delivered and paid for, and that make the healthcare system more reliable and easier to navigate. For more information, please visit  www.optumventures.com . SOURCE Greater Good Health

Health Velocity Capital Investments

21 Investments

Health Velocity Capital has made 21 investments. Their latest investment was in Greater Good Health as part of their Seed VC - II on May 5, 2022.

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Health Velocity Capital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

5/18/2022

Seed VC - II

Greater Good Health

$10M

Yes

2

3/11/2022

Unattributed VC

Compass Surgical Partners

Yes

1

3/2/2022

Series A - II

Rialtic

$28M

Yes

1

12/13/2021

Series A

Subscribe to see more

$99M

Subscribe to see more

10

9/22/2021

Series B

Subscribe to see more

$99M

Subscribe to see more

10

Date

5/18/2022

3/11/2022

3/2/2022

12/13/2021

9/22/2021

Round

Seed VC - II

Unattributed VC

Series A - II

Series A

Series B

Company

Greater Good Health

Compass Surgical Partners

Rialtic

Subscribe to see more

Subscribe to see more

Amount

$10M

$28M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

2

1

1

10

10

Health Velocity Capital Portfolio Exits

5 Portfolio Exits

Health Velocity Capital has 5 portfolio exits. Their latest portfolio exit was Jvion on May 31, 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

5/31/2022

Acquired

$99M

1

8/25/2021

Merger

Subscribe to see more

$99M

Subscribe to see more

10

6/30/2021

Acquired

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$99M

Subscribe to see more

10

2/26/2021

Acquired

Subscribe to see more

$99M

Subscribe to see more

10

12/21/2020

Acq - Fin

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$99M

Subscribe to see more

10

Date

5/31/2022

8/25/2021

6/30/2021

2/26/2021

12/21/2020

Exit

Acquired

Merger

Acquired

Acquired

Acq - Fin

Companies

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Subscribe to see more

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

10

10

Health Velocity Capital Fund History

4 Fund Histories

Health Velocity Capital has 4 funds, including Health Velocity Capital II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/13/2021

Health Velocity Capital II

$285M

1

11/8/2018

Health Velocity Capital I

Subscribe to see more

Subscribe to see more

$99M

10

9/27/2018

Health Velocity Capital OnShift Special Situation SPV

$99M

10

4/7/2016

Health Velocity Capital B-SPV

$99M

10

Closing Date

12/13/2021

11/8/2018

9/27/2018

4/7/2016

Fund

Health Velocity Capital II

Health Velocity Capital I

Health Velocity Capital OnShift Special Situation SPV

Health Velocity Capital B-SPV

Fund Type

Subscribe to see more

Status

Subscribe to see more

Amount

$285M

$99M

$99M

$99M

Sources

1

10

10

10

Health Velocity Capital Service Providers

1 Service Provider

Health Velocity Capital has 1 service provider relationship

Service Provider

Associated Rounds

Provider Type

Service Type

Counsel

Service Provider

Associated Rounds

Provider Type

Counsel

Service Type

Partnership data by VentureSource

Health Velocity Capital Team

2 Team Members

Health Velocity Capital has 2 team members, including current Founder, Managing Partner, Saurabh Bhansali.

Name

Work History

Title

Status

Saurabh Bhansali

Humana, HLM Venture Partners, Peloton Equity, Pfizer, and Merrill

Founder, Managing Partner

Current

Bruce Crosby

Founder, Managing Partner

Current

Name

Saurabh Bhansali

Bruce Crosby

Work History

Humana, HLM Venture Partners, Peloton Equity, Pfizer, and Merrill

Title

Founder, Managing Partner

Founder, Managing Partner

Status

Current

Current

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