Health Velocity Capital

What Health Velocity Capital does

Health Velocity Capital is a healthcare-focused venture capital firm that invests exclusively in innovative healthcare software and services businesses. The firm targets companies that create entirely new markets or redefine existing healthcare categories, with a stated emphasis on affordability, sustainability, and consumer-friendliness. Founded circa 2014 and headquartered in San Francisco with a secondary office in Brentwood, Tennessee, the firm is led by co-founders and managing partners Bruce Crosby and Saurabh Bhansali, alongside managing partner Marty Felsenthal.

The firm does not develop proprietary technology products. Its core offering is an investment fund coupled with value-add services for portfolio companies, including customer introductions, board and team placements, sales and marketing strategy, capital raise strategy, and advisory board development. A defining feature is its strategic limited partner base: health insurers covering 175 million Americans, health systems operating 700+ hospitals, and pharmacy benefit managers serving 75%+ of the nation, supplemented by global institutional investors and 100+ senior healthcare executives who invest personally. The firm runs proprietary engagement programs including an annual Strategic LP Innovation Survey, quarterly thematic white papers, and an annual JPMorgan Healthcare Conference Innovation Reception.

Health Velocity Capital generates revenue through the standard VC economics of management fees (typically 1.5–2% of committed capital) and carried interest (~20% of profits above the hurdle) on its funds. As of the most recent disclosure period the firm has 21 active portfolio companies and 1–10 employees, consistent with a boutique partnership model. Notable recent investments include leading Third Way Health's $15M Series A (2026) and Hummingbird Healthcare's $20M Series B (2025), and participating in Artera's $65M growth round (2025) and Vanna Health's $17M round (2026). Realized exits include Teladoc, Livongo, Change Healthcare, MDLive, Contessa, Zipari, OnShift, Aspire, Three Oaks Hospice, and Headspace Health.

Name

Health Velocity Capital

Legal name

Health Velocity Capital

Website

https://healthvelocitycapital.com/

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Health Velocity Capital is a healthcare-focused venture capital firm that invests in innovative healthcare software and services companies, partnering with strategic limited partners (insurers, health systems, PBMs) and global institutional investors to provide portfolio companies with capital, customer introductions, and operating support.

Ownership category

akta.pro rank

Product category

Venture Capital / Healthcare Investment

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)

akta.pro secondary industry

Healthcare & Life Sciences Growth Equity (FSANACAB)

Keywords

• Healthcare venture capital
• Healthcare growth equity
• Healthcare software investing
• Venture capital fund management
• Healthcare innovation investment

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management / Management Fees: VC firms typically charge management fees (usually 1.5-2% of committed capital) on the funds they manage.
2. Carried Interest (Carry): VC firms earn carried interest (typically 20% of profits above the hurdle rate) when portfolio companies are sold or go public at a profit.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels9 records

Core offering

Health Velocity Capital is a healthcare-focused venture capital firm that invests exclusively in innovative healthcare software and services businesses. The firm raises capital from strategic limited partners (health insurers, health systems, pharmacy benefit managers) and global institutional investors, then provides portfolio companies with customer introductions, strategic guidance, and access to an extensive healthcare executive network to accelerate adoption and revenue growth.

Product overview

Health Velocity Capital operates as a venture capital investment firm, not a product company. It does not offer a unified platform or SaaS product. The firm provides an investment fund that finances innovative healthcare software and services companies, along with value-add services including strategic guidance, customer introductions, and team building support to its portfolio companies. The firm's portfolio spans 35+ companies across various healthcare technology and services segments including telemedicine, mental health, behavioral health, healthcare navigation, cybersecurity, and care management. The investment approach focuses on companies creating new markets in affordable, sustainable, and consumer-friendly healthcare.

Differentiator

Problem solved

Functional benefit

Products and services

• Health Velocity Capital Investment Fund A venture capital fund that invests exclusively in innovative healthcare software and services businesses creating affordable, sustainable, and consumer-friendly healthcare solutions. The fund is backed by strategic limited partners including healthcare insurers, health systems, and pharmacy benefit managers, alongside global institutional investors.
• Portfolio Company Network Services Value-add service offering that provides portfolio companies with strategic guidance, customer introductions to healthcare insurers, health systems, and PBMs, board and team member placements, sales and marketing strategy, capital raise strategy, and Advisory Board development support.

Quantifiable outcome

• More than 95% of partnered companies received tangible equity value through network introductions
• +1 more outcomes

Named customers19 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Optum Ventures: CVC arm of UnitedHealth/Optum that invests in healthcare technology and services companies, leveraging the Optum payer-provider platform. Comparable as a strategic LP-backed healthcare investor with deep distribution into insurers and providers.
• General Catalyst: Multi-stage VC with a significant healthcare practice (including the HATCo/Summit Health platform). Directly competes for healthcare software/services deals and offers strategic operating support similar to Health Velocity's LP model.
• Andreessen Horowitz (Bio/Health): Large multi-stage firm with a dedicated bio/health fund investing in healthcare software, services, and biotech. Competes for the same healthcare software and services opportunities and provides similar operating support.
• New Enterprise Associates (NEA): Large multi-stage firm with one of the most active healthcare investment practices, including payer, provider, and digital health. Overlaps with Health Velocity on stage, themes, and value-add orientation.
• Bessemer Venture Partners: Multi-stage venture firm with a deep healthcare franchise and dedicated healthcare team. Competes for the same growth-stage healthcare software and services deals and offers similar board-level support.

Direct peers

• Oak HC/FT: Specialist healthcare and fintech venture and growth firm investing across payer, provider, and health IT. Closest comparable as a dedicated, sector-specialist healthcare investor at venture and growth stages.
• Venrock: Long-tenured healthcare-focused VC investing across payer, provider, and digital health. Directly comparable as a specialist investor with deep healthcare roots and a track record of category-defining investments.
• Flare Capital Partners: Dedicated healthcare technology venture firm investing across payer, provider, and care delivery. Closely comparable specialist with similar stage focus and strong LP-side strategic relationships.
• Echo Health Ventures: Strategic healthcare venture platform formed by Cambia Health Solutions and Mosaic Health Solutions, investing in payer, provider, and consumer health. Direct peer as a strategic-LP-driven, sector-focused healthcare investor.
• Define Ventures: Early-to-growth healthcare venture firm focused on digital health, payer/provider technology, and care delivery. Highly comparable as a healthcare-specialist VC with similar stage orientation and operating playbook.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks4 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments40 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Health Velocity Capital