Valtruis is a venture and growth-stage investment platform backed by Welsh, Carson, Anderson & Stowe (WCAS) that invests in, builds, and partners with healthcare companies focused on value-based care. The firm supports companies from early-stage development through industry-leading enterprises.
72% of their portfolio is in Healthcare. Their most common stage is series-b (48% of deals). Average disclosed round size is $46.3M (across 22 rounds with reported amounts).
Portfolio
15
Fund Size
$300M
Top Stage
Series B
Last 12 Mo
3
Team
MS
Mike Spadafore
Managing Director
TB
Tracy Bahl
Managing Director
EM
Erin Murphy
Executive Assistant
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
25 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 InStride Health | Series C | $30M | Jun 2026 |
 InStride | Series C | $30M | Jun 2026 |
 Nadia | Unknown | $12M | Mar 2026 |
 Sevaro | Series B | $39M | Sep 2025 |
 Arbital Health | Series B | $31M | Jul 2025 |
| AArbital | Series B | — | Jul 2025 |
| Sevaro | Series B | $39M | Jan 2025 |
 HarmonyCares | Series D | $200M | Jul 2024 |
| AAtropos | Series B | $33M | May 2024 |
 Wayspring | Unknown | — | May 2024 |
 InStride Health | Series B | $30M | Mar 2024 |
| InStride Health | Series B | $30M | Mar 2024 |
| Arbital Health | Series A | $10M | Jan 2024 |
| InStride Health | Series B | $30M | Jan 2024 |
| InStride | Series B | $30M | Jan 2024 |
| IInStride Health, Inc. | Series B | $30M | Jan 2024 |
| InStride Health | Series B | $30M | Jan 2024 |
| WWellvana Health | Growth | — | Mar 2023 |
 Wellvana | Unknown | $84M | Jan 2023 |
| IInStride Health, Inc. | Series C | $30M | Jan 2022 |
| Wayspring | Growth | $75M | Sep 2021 |
 Cricket Health | Series B | $83.5M | Aug 2021 |
| Wellvana | Unknown | $84M | Jan 2020 |
 Autonomize | Series A | $28M | — |
| InStride Health | Series C | $30M | — |
Top Co-Investors
.406 Ventures12 shared
General Catalyst12 shared
Mass General Brigham Ventures10 shared
FMZ Ventures5 shared
HLM Investment Partners3 shared
Oak HC/FT3 shared
Transformation Capital3 shared
Shaper Capital3 shared
First Trust Capital Partners3 shared
K2 HealthVentures2 shared
The Cigna Group Ventures2 shared
W Health Ventures2 shared
Flex Capital2 shared
McKesson Ventures2 shared
Heritage Group2 shared
Memorial Hermann Health System2 shared
APA Venture Partners2 shared
Martin Ventures2 shared
TPG Rise2 shared
The Blue Venture Fund1 shared
Last updated: 20 October 2026