BS
Blue Shield of California focuses its strategic investments on healthcare technology and services, including digital health startups, healthcare IT, and solutions addressing mental health, women's health, and personalized health. Their strategy involves direct investments from their balance sheet, often with commercial agreements, to lower healthcare costs, enhance member experience, and drive broader transformation and equity within the healthcare system.
100% of their portfolio is in Healthcare. Their most common stage is series-b (50% of deals). Average disclosed round size is $114.1M (across 4 rounds with reported amounts).
Portfolio
4
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Portfolio Breakdown
Stage Distribution
Investment Activity
DealsAvg Round Size
Portfolio
4 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 Health | Series C | $42M | May 2019 |
Top Co-Investors
Oak HC/FT3 shared
Optum Ventures2 shared
Adams Street2 shared
Humana1 shared
SJF Ventures1 shared
GV (Google Ventures)1 shared
7wireVentures1 shared
Gaingels1 shared
Threshold Ventures1 shared
City Light Capital1 shared
Silicon Valley Bank1 shared
Valtruis1 shared
Cigna Ventures1 shared
K2 HealthVentures1 shared
Last updated: 12 April 2026