
Blue Heron Capital is a Richmond, Virginia-based growth equity firm focused on healthcare and enterprise technology. Founded in 2006, the firm typically invests in companies with $3 million to $25 million in revenue, taking minority positions to provide growth capital. Blue Heron combines financial capital with the human capital of its OA Collaborative to fund and build businesses.
39% of their portfolio is in Healthcare. They made 2 investments in the last 12 months. Average disclosed round size is $21.4M (across 35 rounds with reported amounts).
Portfolio
32
Fund Size
$102M
Top Stage
Series A
Last 12 Mo
2
Team
MJ
Matt Jacobson
Director of Investor Relations
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
38 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series A | $10M | Jul 2026 | |
| TTava | Series C | $40M | Apr 2026 |
| Series C | $40M | Apr 2026 | |
| VVend Park | Series A | $17.5M | Jan 2025 |
| Series A | $17.5M | Jan 2025 | |
| Series A | $17.5M | Jan 2025 | |
| Series B | $17M | Sep 2024 | |
| Series D | $53M | Sep 2024 | |
| OOgnomy Sleep | Series A | $20M | Aug 2024 |
| Pre-Seed | $1.3M | Aug 2024 | |
| Series B | $20M | Mar 2024 | |
| Series B | $14M | Feb 2024 | |
| Growth | $200M | Feb 2023 | |
| Series A | $11M | Feb 2023 | |
| Series A | $7M | Mar 2022 | |
| Series A | $10M | Jan 2022 | |
| Seed | $4M | Aug 2021 | |
| Series A | $12M | Feb 2021 | |
| Series C | $60M | Jan 2021 | |
| Series C | $11M | Mar 2020 | |
| Series B | $12M | Jan 2020 | |
| Series C | — | Jan 2019 | |
| Bridge | — | Jan 2019 | |
| Unknown | $15M | Jan 2019 | |
| Unknown | $12M | Jan 2015 |
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Top Co-Investors
Catalyst Investors5 shared
Gallery Ventures4 shared
First Analysis3 shared
Peterson Ventures3 shared
SpringTide3 shared
Rev1 Ventures3 shared
Multiplier Capital3 shared
PagsGroup3 shared
Floating Point3 shared
Communitas Capital3 shared
Ascension Ventures2 shared
Dementia Discovery Fund2 shared
The Blue Venture Fund2 shared
Health Catalyst Capital2 shared
Dorm Room Fund2 shared
The LegalTech Fund2 shared
Service Provider Capital2 shared
NewSpring2 shared
The Goldman Sachs Group, Inc.2 shared
JobsOhio2 shared
Last updated: 20 October 2026