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Highmark Ventures operates as the corporate venture capital arm of Highmark Health, investing in companies driving innovation across the healthcare sector. The firm targets businesses developing advanced technologies and services that enhance health outcomes and operational efficiencies. It leverages Highmark Health's domain knowledge to support portfolio growth and market integration.
Established by Highmark Health in 2010, Highmark Ventures emerged from a strategic imperative to embrace external innovation. This initiative reflected its parent organization's commitment to cultivate groundbreaking solutions beyond internal capacities. The firm was thus created to foster a robust ecosystem of health advancements, ensuring Highmark Health remained at the industry forefront.
Highmark Ventures primarily partners with visionary startups and growth-stage companies offering impactful healthcare solutions. Its overarching mission is to drive systemic improvements within the health industry, envisioning a more efficient and healthier future for all stakeholders. The firm’s forward-looking strategy involves continuous investment in transformative health enterprises.
Highmark Ventures has 3 tracked investments across 3 companies. The latest tracked deal is $20.0M Series B in Free Market Health in October 2023.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Oct 1, 2023 | Free Market Health | $20.0M Series B | Questa Capital | Alta Partners, Domain Associates, 653 Investment Partners |
| Sep 28, 2021 | Axial Healthcare | $75.0M Other Equity | Valtruis | .406 Ventures, Bluecross Blueshield Venture Partners, Caresource, Centene Corporation, HLM Venture Partners, OAK HC/FT, Sandbox Industries |
| Jun 1, 2021 | Sword Health | $85.0M Series C | General Catalyst | Acrew Capital, AllegisCyber Capital, Alumni Ventures, Bond, Earthshot Ventures, Energy Impact Partners, Giant Ventures, Highland Capital Partners, Insight Partners, Khosla Ventures, Lakestar, LGF, OWL Capital, Reach Capital, Rethink Impact, Sapphire Ventures, The Westly Group, Transformation Capital, Julius Genachowski, Louis Beryl, Siqi Chen, Brook Private Equity Advisors, Founders Fund, Green Innovations |