Illinois

The Blue Venture Fund

The Blue Venture Fund, based in Illinois, backs healthtech and life sciences companies at Seed, Series A, and Series B, can lead rounds, and writes checks from $1 million to $30 million.

Entry stageSeed, Series A, Series B
Check size$1M to $30M
Leads roundsYes
FocusHealthtech, Life sciences
Latest fundOverOver $890M committed across four funds
Investing team15 peopleNo activity since Sep

Who you would pitch at The Blue Venture Fund

15 people on the investing team, 8 of them partners who can make the call. Partners are listed first.

Chris Zock
Chris ZockManaging DirectorHe focuses on investment initiatives and portfolio engagement, and lives in Austin, Texas.
Dan Phillips
Dan PhillipsManaging DirectorFocus: B2B technology in healthcare and insurance.
Emir Sandhu
Emir SandhuManaging DirectorHe serves on multiple boards and previously co-founded OpenBiome.
Jeff Carroll
Jeff CarrollManaging DirectorFocus: healthcare services and technology.
John Banta
John BantaPresident & Managing DirectorHe oversees portfolio companies and strategic returns, and previously led IllinoisVentures.
Kelsey Maguire
Kelsey MaguireManaging DirectorShe serves on multiple boards and previously held roles at Collective Health, TA Associates, and Deutsche Bank.
Matt Downs
Matt DownsManaging DirectorHe serves on boards and focuses on firm culture and investment processes.
Tom Hawes
Tom HawesManaging DirectorHe serves on multiple boards and previously held board roles at various healthcare companies.
Kelly Carlquist
Kelly CarlquistVice PresidentFocus: healthcare services and delivery.
Liam McDonald
Liam McDonaldVice PresidentFocus: healthcare services investing.
Richard Antwi-Boasiako
Richard Antwi-BoasiakoVice PresidentFocus: B2B tech and tech-enabled services in healthcare and insurance.
Amanda HarlanVice PresidentShe is part of the investment team at the healthcare-focused corporate venture capital firm.
Noah Trapp
Noah TrappAssociateHe previously worked as a Senior Consultant at HealthScape Advisors and as a Technical Solutions Engineer at Epic.
Ryan Lynch
Ryan LynchAssociateHe previously worked at Becton Dickinson and interned at JJDC and Joyance Partners.
Bryna CoyleAssociateShe is part of the investment team at the fund, which focuses on healthcare companies.

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Writes $1M to $30M checks. Its smallest check is larger than 83% of firms in the atlas.

Bars: how many firms in the atlas report each band. Highlighted: this firm.

No recent activity since September 2026. Quiet does not mean closed.

Weekly count of activity updates. Activity is not a confirmed deal.

Before you pitch

Ownership target7-10%

Notable investments

HealthEdgeBig HealthCirrusMDRula HealthSomatusSolera HealthLumeris

In their words

Blue Venture Fundblueventurefund.com
Founders and investors at a Mode VC gathering

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Raising a pre-seed or seed round? We write $1M to $5M first checks and help founders with distribution. A partner reads every deck.

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One email when this firm shows new activity. Nothing else.

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Questions

What stage does The Blue Venture Fund invest in?

The Blue Venture Fund reports entry at seed, series a, series b.

How much does The Blue Venture Fund invest?

The Blue Venture Fund reports checks of $1M to $30M.

Does The Blue Venture Fund lead rounds?

Yes. The Blue Venture Fund says it can lead.

Who are the partners at The Blue Venture Fund?

Chris Zock (Managing Director), Dan Phillips (Managing Director), Emir Sandhu (Managing Director), Jeff Carroll (Managing Director), John Banta (President & Managing Director), Kelsey Maguire (Managing Director).

Is The Blue Venture Fund active right now?

No recent activity since September 2026.

Work at The Blue Venture Fund? Claim or correct this profile.