Blue Shield of California is a nonprofit health plan and operating company that makes strategic corporate venture investments from its balance sheet in healthcare technology and services startups. The corporate investment arm targets early-stage companies that align with Blue Shield's mission to transform healthcare, with individual investments typically ranging from $1M to $5M.
57% of their portfolio is in Healthcare. Average disclosed round size is $83.0M (across 7 rounds with reported amounts).
Portfolio
7
Fund Size
—
Top Stage
Series C
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Investment Activity
DealsAvg Round Size
Portfolio
7 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 DispatchHealth | Growth | $259M | Nov 2022 |
 Cricket Health | Series B | $83.5M | Aug 2021 |
 Brightline | Series B | $72M | Jun 2021 |
 Solera | Series C | $42M | May 2019 |
| SSolera Networks | Series C | $42M | May 2019 |
| SSolera Health | Unknown | $42M | Jan 2019 |
 OODA Health | Series A | $40.5M | — |
Top Co-Investors
Adams Street Partners4 shared
Oak HC/FT4 shared
SJF Ventures3 shared
Optum Ventures2 shared
W Health Ventures1 shared
Quiet Capital1 shared
Humana1 shared
SC Ventures1 shared
Silicon Valley Bank1 shared
GV1 shared
7wire Ventures1 shared
Gaingels1 shared
Threshold Ventures1 shared
SemperVirens Venture Capital1 shared
SV Angel1 shared
City Light Capital1 shared
K2 HealthVentures1 shared
The Cigna Group Ventures1 shared
Valtruis1 shared
Leonard Green & Partners1 shared
Last updated: 7 October 2026