7wire Ventures
7wire Ventures is a Chicago-based early-stage digital health venture capital firm that invests in and actively builds companies creating Informed Connected Health Consumers, leveraging operator expertise from its Allscripts and Livongo alumni founders and a $217M+ Growth & Opportunity Fund closed in 2024.
- Company typePrivate
- Founded2011
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingServices
What 7wire Ventures does
7wire Ventures is a Chicago-based, privately-held venture capital firm founded circa 2013-2014 by Glen Tullman and Lee Shapiro, both former senior executives at Allscripts. The firm invests in early-stage digital health companies aligned with its "Informed Connected Health Consumer" thesis, providing both capital and hands-on operational support spanning strategy, go-to-market, operations, and culture building. In some cases the firm pursues a "Hatch" strategy, originating and building new ventures in-house. Notable portfolio companies include NOCD, WellTheory, Vivante Health, Homethrive, When, MedArrive, Transcarent, Zerigo Health, GroundGame.Health, Summer Health, 9amHealth, and Recora, and the firm counts the Livongo exit to Teladoc (valued at $18.5 billion) among its landmark outcomes.
The firm is not a technology product company and does not operate a proprietary software platform; its core offering is investment capital and operator-led company-building services delivered through its partnership, operating partners, and entrepreneur-in-residence. Its 2024-vintage Growth & Opportunity Fund closed at $217M+ and represents its primary capital deployment vehicle. Strategic Limited Partners include Cigna Ventures, which also co-invests in deals (e.g., co-leading NOCD's $34M Series C), providing both LP capital and payor channel access. Other recurring co-investors across the portfolio include Kaiser Permanente Ventures, F-Prime Capital, General Catalyst, Define Ventures, Accel, ManchesterStory, Mercato Partners, Telus Global Ventures, and Leaps by Bayer.
Revenue is generated through standard venture capital mechanics — management fees on committed capital across fund vintages and carried interest on successful portfolio exits. The firm has 11-50 employees and is headquartered at 444 N. Michigan Avenue in Chicago. Its content marketing, "Top of the Ladder" podcast, and annual predictions/perspectives serve as category-building tools that reinforce the firm's positioning as a thesis-driven digital health specialist. Management comprises co-founders Tullman and Shapiro as Managing Partners, Robert Garber (promoted to Managing Partner in 2024), Partner Alyssa Jaffee, Operating Partners Tom Richards and David Schonthal, EIR Dan Michelson, and Investment Principal Tiffany Yu.
7wire Ventures firmographics
Firmographics- Name
- 7wire Ventures
- Legal name
- 7wire Ventures
- Website
- http://7wireventures.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- 7wire Ventures is a Chicago-based early-stage digital health venture capital firm that invests in and actively builds companies creating Informed Connected Health Consumers, leveraging operator expertise from its Allscripts and Livongo alumni founders and a $217M+ Growth & Opportunity Fund closed in 2024.
- Ownership category
- akta.pro rank
7wire Ventures industry classification
Industry- Product category
- Venture Capital / Private Equity
- NAICS
- Other Investment Pools and Funds (5259), Funds, Trusts, and Other Financial Vehicles (525)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Sector-Focused Venture Capital (Vertical Specialists) (FSANAAAD)
- akta.pro secondary industries
- Venture Studios / Company Builders (FSANAAAH), Corporate Venture Studios & Incubators (Build/launch ventures) (FSANAHAC)
Keywords
Where 7wire Ventures is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
7wire Ventures business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Venture Capital Returns: 7wire Ventures generates returns through carried interest on successful portfolio company exits (acquisitions, IPOs). Their most notable success was Livongo (acquired by Teladoc for $18.5B). The firm takes an active operator approach, working closely with portfolio companies to drive growth and eventual exits.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
7wire Ventures product offering
Product offeringCore offering
7wire Ventures is an early-stage digital health venture capital firm that invests capital and provides hands-on operational support (strategy, GTM, operations, culture) to founders building companies that empower Informed Connected Health Consumers. It deploys dedicated investment vehicles — including a $217M+ Growth & Opportunity Fund — into digital health startups and, in select cases, uses a "Hatch" strategy to incubate new ventures in-house. The firm generates returns primarily through exits such as the Livongo acquisition by Teladoc.
Product overview
7wire Ventures is a venture capital firm that builds and invests in early-stage digital health companies dedicated to creating Informed Connected Health Consumers. Rather than a unified software product, the firm offers investment vehicles (Growth & Opportunity Fund, Hatch Strategy) and portfolio company investments. The firm works side-by-side with founders to build companies that empower consumers to be better stewards of their health. As company builders, the 7wire team has assumed highly involved roles, in some cases pursuing a Hatch strategy to start promising new ventures. The fund focuses on digital health companies that move consumers to the core of health and care.
Differentiator
Problem solved
Functional benefit
Products and services
- Growth & Opportunity Fund
- Hatch Strategy
- Portfolio Company Investment
Quantifiable outcome
- Livongo acquired for $18.5B - largest digital health M&A transaction
Companies that use 7wire Ventures
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
7wire Ventures technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
7wire Ventures partnerships and signals
Strategic signalScale indicators3 records
Recent moves7 records
Expansion highlights5 records
7wire Ventures competitors and assessment
Company assessmentMarket position
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
7wire Ventures social profiles
Digital presence7wire Ventures financial estimates
Financial estimateRevenue estimate
Valuation estimate
7wire Ventures leadership team
Management profileNumber of profiles
Profiles10 records
7wire Ventures funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
7wire Ventures M&A and investment
M&A and investmentM&A1 record
Investments78 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about 7wire Ventures
What does 7wire Ventures do?
7wire Ventures is an early-stage digital health venture capital firm that invests capital and provides hands-on operational support (strategy, GTM, operations, culture) to founders building companies that empower Informed Connected Health Consumers. It deploys dedicated investment vehicles — including a $217M+ Growth & Opportunity Fund — into digital health startups and, in select cases, uses a "Hatch" strategy to incubate new ventures in-house. The firm generates returns primarily through exits such as the Livongo acquisition by Teladoc.
Is 7wire Ventures a public or private company?
7wire Ventures is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was 7wire Ventures founded?
7wire Ventures was founded in 2011. It employs 11 to 50 people.
Where is 7wire Ventures based?
7wire Ventures is headquartered in Chicago, United States, in the North America region.
How does 7wire Ventures make money?
One revenue line is on record: venture Capital Returns.
Does 7wire Ventures have an API?
No public API is recorded for 7wire Ventures.
What industry is 7wire Ventures in?
7wire Ventures's product category is Venture Capital / Private Equity. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAH, Venture Studios / Company Builders. Its NAICS code is 5259 and its SIC code is 6282.