BlueCross BlueShield Venture Partners

BLUECROSS BLUESHIELD VENTURE PARTNERS - Description and Overview

INVESTOR TYPE	Venture Capital
STATUS	Alive

BlueCross BlueShield Venture Partners, L.P. is a $116 million corporate venture fund, sponsored by the BlueCross BlueShield Association, an association of independent Blue Cross and Blue Shield companies. The fund's objective is to invest in promising emerging companies of strategic relevance to the 11 Blue Cross and/or Blue Shield Plans that have made voluntary capital commitments. The Fund intends to invest in technologies, products, and services in the healthcare industry that promote efficiency, lower costs, and provide more consumer options. Investments will be made from seed through growth stages in United States based companies. The Fund will not invest in pharmaceuticals, hospitals, healthcare providers, genomics or medical devices.

Sandbox Industries, an early stage venture capital firm located in Chicago is the exclusive fund manager for the BlueCross BlueShield Venture Fund.