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HLM Venture Partners

Full company profile

uuid0002968

Namestring
HLM Venture Partners
Legal namestring
HLM Investment Partners
Websiteurl
hlmvp.com
Company typeenum
Private
Founded yearint
1986
Descriptiontext

HLM Venture Partners (also operating as HLM Investment Partners) is a Boston-area venture capital firm that invests exclusively in healthcare technology and healthcare services companies. Founded in 1983 and headquartered in Waltham, MA (800 South Street, Suite 200), the firm has executed 100+ portfolio investments over four decades and reports $400M in assets under management as of 12/31/25, with $1B in cumulative value created across the portfolio. The firm positions itself as a healthcare-exclusive investor, leveraging sector depth, strategic limited partner relationships, and an advisory board to support portfolio executives on operational and customer-acquisition challenges.

The firm's product is its investment services offering — capital plus strategic guidance — targeted at healthcare technology and healthcare services founders. HLM generates revenue through the standard venture capital model: management fees on committed capital, supplemented by carried interest on exits; specific pricing is not publicly disclosed. Distribution is referral- and reputation-driven, anchored by a LinkedIn corporate presence and a portfolio brand that includes Teladoc, Phreesia, NeuroFlow, AbleTo, Onshift, RubiconMD, mPulse, VaxCare, Array Behavioral Care, PayMedix, and b.well. Recent notable activity includes a December 2025 follow-on participation in Tebra's $250M equity and debt round led by Hildred, alongside J.P. Morgan, Toba Capital, Transformation Capital, and Montreux Growth Partners.

The firm is led by Ed Cahill (Managing Partner) and Mike Wong (CFO) and operates with 11–50 employees. Its competitive differentiation rests on sector exclusivity (healthcare-only), the depth of payer/provider decision-maker access provided by strategic LPs, and the operating experience of its investment team and advisory board. Customer surface is the portfolio itself — founder CEOs cite HLM's introductions to large customers, health plans, and operational leaders as the most tangible value-add beyond capital.

Short descriptiontext

HLM Venture Partners is a healthcare-focused venture capital firm with 40+ years of experience, managing $400M in AUM across 100+ portfolio investments in healthcare technology and healthcare services companies.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
11–50
akta.pro rankint
HeadquartersBoston, United States
HQ citystring
Boston
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
venture capital investing, healthcare technology investing, private equity investments, healthcare services funding, growth equity capital
Industry1 code
1Late-Stage Venture Capital (Series C+)
CodeFSANAAACPrimaryYes
NAICS code1 code
  • Finance and Insurance52
SIC code1 code
  • Investment Advice6282
Product category
Healthcare Venture Capital
Marketing channels1 record

Each record includes

Title, Type, Stage, Description, Source

Cost components6 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

HLM Investment Partners (HLM Venture Partners) is a venture capital firm that invests exclusively in healthcare technology and healthcare services companies, providing equity capital alongside strategic guidance, operational support, and access to its industry network. The firm manages $400M in assets under management across 100+ portfolio investments and has generated $1B in value created over more than 40 years. HLM operates a single integrated investment offering rather than multiple product lines, with revenue derived from investment returns on portfolio companies.

Differentiator
Functional benefit
Problem solved
Product overview1 text field

HLM Investment Partners is a venture capital firm specializing in healthcare technology and services investments. The firm operates as a single unified investment offering rather than a platform with modular products. HLM positions itself as a first-call partner for founders, providing capital alongside strategic guidance on business and financial strategy, with a focus on healthcare services and healthcare technology sectors. The firm manages $400M in assets under management across 100+ investments, targeting breakout companies in the healthcare sector.

Product and service1 record
1HLM Investment Services
Scale indicator4 records

Each record includes

Type, Value, Description, Source

Recent move4 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight4 records

Each record includes

Type, Description

Market position
Competitive moat5 records

Each record includes

Type, Details

Key risks6 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Segment2 records

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

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

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment147 records

Each record includes

Name, Round, Announced date, Lead investor, Website, News

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

HLM Venture Partners

Healthcare Venture Capitalhlmvp.com

HLM Venture Partners is a healthcare-focused venture capital firm with 40+ years of experience, managing $400M in AUM across 100+ portfolio investments in healthcare technology and healthcare services companies.

What HLM Venture Partners does

HLM Venture Partners (also operating as HLM Investment Partners) is a Boston-area venture capital firm that invests exclusively in healthcare technology and healthcare services companies. Founded in 1983 and headquartered in Waltham, MA (800 South Street, Suite 200), the firm has executed 100+ portfolio investments over four decades and reports $400M in assets under management as of 12/31/25, with $1B in cumulative value created across the portfolio. The firm positions itself as a healthcare-exclusive investor, leveraging sector depth, strategic limited partner relationships, and an advisory board to support portfolio executives on operational and customer-acquisition challenges.

The firm's product is its investment services offering — capital plus strategic guidance — targeted at healthcare technology and healthcare services founders. HLM generates revenue through the standard venture capital model: management fees on committed capital, supplemented by carried interest on exits; specific pricing is not publicly disclosed. Distribution is referral- and reputation-driven, anchored by a LinkedIn corporate presence and a portfolio brand that includes Teladoc, Phreesia, NeuroFlow, AbleTo, Onshift, RubiconMD, mPulse, VaxCare, Array Behavioral Care, PayMedix, and b.well. Recent notable activity includes a December 2025 follow-on participation in Tebra's $250M equity and debt round led by Hildred, alongside J.P. Morgan, Toba Capital, Transformation Capital, and Montreux Growth Partners.

The firm is led by Ed Cahill (Managing Partner) and Mike Wong (CFO) and operates with 11–50 employees. Its competitive differentiation rests on sector exclusivity (healthcare-only), the depth of payer/provider decision-maker access provided by strategic LPs, and the operating experience of its investment team and advisory board. Customer surface is the portfolio itself — founder CEOs cite HLM's introductions to large customers, health plans, and operational leaders as the most tangible value-add beyond capital.

HLM Venture Partners firmographics

Firmographics
Name
HLM Venture Partners
Legal name
HLM Investment Partners
Website
https://hlmvp.com
Company type
Private
Founded year
1986
Operating status
Operating
Headcount range
11–50 employees
Short description
HLM Venture Partners is a healthcare-focused venture capital firm with 40+ years of experience, managing $400M in AUM across 100+ portfolio investments in healthcare technology and healthcare services companies.
Ownership category
akta.pro rank

HLM Venture Partners industry classification

Industry
Product category
Healthcare Venture Capital
NAICS
Finance and Insurance (52)
SIC
Investment Advice (6282)
akta.pro primary industry
Late-Stage Venture Capital (Series C+) (FSANAAAC)

Keywords

  • Venture capital investing
  • Healthcare technology investing
  • Private equity investments
  • Healthcare services funding
  • Growth equity capital

Where HLM Venture Partners is headquartered

Location

Headquarters

HQ city
Boston
HQ country
United States
HQ region
North America

Offices1 record

Markets served

HLM Venture Partners business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Marketing channels1 record

HLM Venture Partners product offering

Product offering

Core offering

HLM Investment Partners (HLM Venture Partners) is a venture capital firm that invests exclusively in healthcare technology and healthcare services companies, providing equity capital alongside strategic guidance, operational support, and access to its industry network. The firm manages $400M in assets under management across 100+ portfolio investments and has generated $1B in value created over more than 40 years. HLM operates a single integrated investment offering rather than multiple product lines, with revenue derived from investment returns on portfolio companies.

Product overview

HLM Investment Partners is a venture capital firm specializing in healthcare technology and services investments. The firm operates as a single unified investment offering rather than a platform with modular products. HLM positions itself as a first-call partner for founders, providing capital alongside strategic guidance on business and financial strategy, with a focus on healthcare services and healthcare technology sectors. The firm manages $400M in assets under management across 100+ investments, targeting breakout companies in the healthcare sector.

Differentiator

Problem solved

Functional benefit

Products and services

  • HLM Investment Services

Companies that use HLM Venture Partners

Customer profile

Segments2 records

Ideal customer profiles2 records

HLM Venture Partners technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

HLM Venture Partners partnerships and signals

Strategic signal

Scale indicators4 records

Recent moves4 records

Expansion highlights4 records

HLM Venture Partners competitors and assessment

Company assessment

Market position

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

HLM Venture Partners social profiles

Digital presence

HLM Venture Partners financial estimates

Financial estimate

Revenue estimate

Valuation estimate

HLM Venture Partners leadership team

Management profile

Number of profiles

Profiles2 records

HLM Venture Partners funding detail

Funding detail

Funding overview

Funding rounds

Investors

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

HLM Venture Partners M&A and investment

M&A and investment

M&A

Investments147 records

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

Frequently asked questions about HLM Venture Partners

What does HLM Venture Partners do?

HLM Investment Partners (HLM Venture Partners) is a venture capital firm that invests exclusively in healthcare technology and healthcare services companies, providing equity capital alongside strategic guidance, operational support, and access to its industry network. The firm manages $400M in assets under management across 100+ portfolio investments and has generated $1B in value created over more than 40 years. HLM operates a single integrated investment offering rather than multiple product lines, with revenue derived from investment returns on portfolio companies.

Is HLM Venture Partners a public or private company?

HLM Venture Partners is a private company. It is classified as unknown and is currently operating.

When was HLM Venture Partners founded?

HLM Venture Partners was founded in 1986. It employs 11 to 50 people.

Where is HLM Venture Partners based?

HLM Venture Partners is headquartered in Boston, United States, in the North America region.

Does HLM Venture Partners have an API?

No public API is recorded for HLM Venture Partners.

What industry is HLM Venture Partners in?

HLM Venture Partners's product category is Healthcare Venture Capital. Its primary akta.pro industry code is FSANAAAC, Late-Stage Venture Capital (Series C+). Its NAICS code is 52 and its SIC code is 6282.

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Live signals
Venture Capital Access OnlineWayspring Announces a $75 million Investment from Valtruis, Centene Corporation, CareSource, HLM Venture Partners, and Other Leading Healthcare InvestorsWayspring announced a $75 million investment led by Valtruis, with participation from Centene Corporation, CareSource, and HLM Venture Partners. The capital will be used to scale its value-based care solution for individuals with substance use disorder (SUD). This funding follows the company's recent rebranding from axialHealthcare to Wayspring.PR NewswireWayspring Announces a $75 million Investment from Valtruis, Centene Corporation, CareSource, HLM Venture Partners, and Other Leading Healthcare InvestorsWayspring announced a $75 million investment led by Valtruis alongside Centene Corporation, CareSource, and HLM Venture Partners to scale its value-based care solutions for substance use disorder. The company also revealed it is rebranding from axialHealthcare to reflect its expanded focus on providing community-based peer support and behavioral health services.GlobeNewswireHLM Venture Partners and .406 Ventures Provide Growth Capital to Behavioral Leader Integrated Medical Case SolutionsIntegrated Medical Case Solutions announced an $8M investment co-led by HLM Venture Partners and .406 Ventures, with Centripetal Capital Partners participating. The growth capital will support talent acquisition, technology enhancement, and scaling of its workers' compensation behavioral health programs.FinSMEsTrident Capital and HLM Venture Partners Acquire MedSave USATrident Capital and HLM Venture Partners acquired MedSave USA, a Hauppauge, NY-based medical record retrieval provider, with the amount undisclosed. The acquirers hold a majority interest, and John Reardon will become chairman. MedSave will use the funds to advance its technology platform and pursue future acquisitions.GlobeNewswireCombiMatrix Closes $6.7 Million Private Placement of Common Stock and WarrantsCombiMatrix Corporation closed a private placement of $6.7 million in common stock and warrants, sold to accredited investors including HLM Venture Partners. The company said the financing will support its business plan, including expanding its array-based test portfolio and sales and marketing organization.FinSMEsTYRX Raises $20m in Venture Capital FundingTYRX, a Monmouth Junction, NJ-based company developing implantable medical devices to reduce surgical-site infections, raised $20m in venture capital led by HLM Venture Partners, with participation from Clarus Ventures and Pappas Ventures, plus $4m in debt financing from Comerica Bank. Edward L. Cahill, Managing Partner of HLM Venture Partners, will join TYRX's Board of Directors.FinSMEsSensAble Technologies Secures $8M FundingSensAble Technologies, a Woburn, MA-based 3D modeling and dental restoration company, received an $8M investment led by HLM Venture Partners with North Bridge Venture Partners. The capital will expand sales, marketing, and engineering for its digital dentistry product line, and two new board members were named.