Evidenced
Evidenced is a Washington, DC-based early-stage venture capital firm investing in U.S. healthcare technology companies that benefit from regulatory tailwinds, serving qualified institutional and strategic Limited Partners through a curated portfolio of healthcare startups.
- Company typePrivate
- Founded-
- HeadquartersWashington, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Evidenced does
Evidenced is a Washington, DC-based venture capital firm that invests in early-stage healthcare technology companies positioned to benefit from U.S. regulatory tailwinds. The firm is structured as Evidenced Capital Management LP, a subsidiary of Ventura Capital, and was co-founded by Sean Glass and Bryan Sivak. It is led by a two-person GP team whose prior experience spans the U.S. Department of Health and Human Services, Kaiser Permanente Ventures, Centene Corporation, and prior operating roles scaling healthcare and enterprise software companies (Advantia Health to roughly $100M in revenue; Higher One, taken public in 2010; InQuira, sold to Oracle).
The firm's product is a single investment fund that deploys capital across roughly ten named healthcare portfolio companies spanning primary and behavioral care (Accompany Health, Journey Clinical), benefit access (Fabric Health), VR therapeutics (Floreo), community health workers (IMPaCT Care), home safety (Jukebox Health), advance care planning (Koda Health), parental leave insurance (Parento), AI-enabled community pharmacy services (Truentity Health), and consumer prescription infrastructure (Photon Health). The firm provides portfolio companies with regulatory insight, operational support, and introductions to its strategic Limited Partner network.
Revenue is generated through standard venture fund economics: management fees on committed capital and carried interest on portfolio exits. Distribution to investors runs through a direct relationship channel targeting nine named strategic LPs, including major health insurers (CVS Aetna, United Healthcare, Centene, Humana), integrated providers (Kaiser Permanente, Cleveland Clinic), retail pharmacy (Walgreens), and federal health agencies (CMS, HHS). Go-to-market is relationship-driven rather than productized, leveraging the founding team's network for both deal sourcing and LP fundraising.
Evidenced firmographics
Firmographics- Name
- Evidenced
- Legal name
- Evidenced Capital Management LP
- Website
- https://evidenced.com
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Evidenced is a Washington, DC-based early-stage venture capital firm investing in U.S. healthcare technology companies that benefit from regulatory tailwinds, serving qualified institutional and strategic Limited Partners through a curated portfolio of healthcare startups.
- Ownership category
- akta.pro rank
Evidenced industry classification
Industry- Product category
- Venture Capital / Healthcare Investment
- NAICS
- Portfolio Management and Investment Advice (523940), 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 industry
- Early-Stage Venture Capital (Series A/B) (FSANAAAB)
Keywords
Where Evidenced is headquartered
LocationHeadquarters
- HQ city
- Washington
- HQ country
- United States
- HQ region
- North America
Markets served
Evidenced business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Fund Management: Evidenced operates as a venture capital fund generating returns through management fees and carried interest from portfolio company exits. The fund capitalizes on government-driven opportunities in healthcare technology, selecting globally-sourced companies that benefit from U.S. regulatory tailwinds.
Distribution channels1 record
Marketing channels2 records
Evidenced product offering
Product offeringCore offering
Evidenced operates a venture capital fund that invests in early-stage healthcare technology companies positioned to benefit from U.S. regulatory tailwinds. The firm sources globally-sourced portfolio companies and provides them with capital deployment, strategic regulatory insight, and operational expertise to drive accelerated growth. Investment participation spans direct funding rounds (e.g., leading Truentity Health's $3.5M Series A and participating in Photon Health's $16M Series A).
Product overview
Evidenced is a venture capital firm operating as a single unified investment fund that provides capital deployment and strategic expertise to healthcare technology companies. The firm leverages its government insights and operational expertise to identify and support early-stage companies benefiting from U.S. regulatory tailwinds. The portfolio includes investments across multiple healthcare verticals including primary care, digital health, virtual reality therapeutics, community health, and insurance services.
Differentiator
Problem solved
Functional benefit
Products and services
- Evidenced VC Fund
- Investment Strategy Services
Companies that use Evidenced
Customer profileSegments1 record
Ideal customer profiles2 records
Evidenced technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Evidenced partnerships and signals
Strategic signalScale indicators3 records
Recent moves1 record
Expansion highlights5 records
Evidenced competitors and assessment
Company assessmentBroad incumbents
- CVS Health Ventures:
- General Catalyst (Health & Resilience practice): Large multi-stage venture firm with a dedicated healthcare and resilience practice that competes for the same digital health and value-based care deals, but with materially larger fund size and broader sector mandate.
- Oak HC/FT: Specialist venture firm investing in healthcare services and financial technology, often at early-stage, with a thematic approach comparable to Evidenced's regulatory-driven healthcare thesis but with larger fund vehicles and a longer track record.
- Kaiser Permanente Ventures: Strategic corporate venture arm of Kaiser Permanente investing in healthcare technology; led by Bryan Sivak before Evidenced, and a strategic LP in Evidenced's fund — making it both a competitor and a partner.
- Bessemer Venture Partners (Healthcare): Long-established multi-stage venture firm with a dedicated healthcare franchise investing across payers, providers, and digital health; broader mandate and larger funds but overlapping in target stage and sectors.
Direct peers
- Healthier Capital: Healthcare-focused venture firm led by Amir Dan Rubin that invests in early-stage companies transforming care delivery; the lead investor in Photon Health's $16M Series A that Evidenced also participated in, making it a directly comparable sector-focused VC competing for the same deals.
- Flare Capital Partners: Early-stage venture firm exclusively focused on digital health and healthcare technology, also participated in Photon Health's $16M Series A; directly comparable in stage, sector focus, and check size to Evidenced.
- Define Ventures: Dedicated early-stage digital health venture fund investing across care delivery, payer, and provider enablement; comparable in stage, healthcare-only mandate, and thesis of backing category-defining companies.
- Town Hall Ventures: Healthcare-focused VC investing in companies serving Medicaid, Medicare, and dual-eligible populations — a population-centric thesis that closely parallels Evidenced's regulatory-tailwind approach to government-payor-driven care models.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights5 records
Customer concentration
Evidenced social profiles
Digital presenceEvidenced financial estimates
Financial estimateRevenue estimate
Valuation estimate
Evidenced leadership team
Management profileNumber of profiles
Profiles2 records
Evidenced funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Evidenced M&A and investment
M&A and investmentM&A
Investments6 records
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Evidenced
What does Evidenced do?
Evidenced operates a venture capital fund that invests in early-stage healthcare technology companies positioned to benefit from U.S. regulatory tailwinds. The firm sources globally-sourced portfolio companies and provides them with capital deployment, strategic regulatory insight, and operational expertise to drive accelerated growth. Investment participation spans direct funding rounds (e.g., leading Truentity Health's $3.5M Series A and participating in Photon Health's $16M Series A).
Is Evidenced a public or private company?
Evidenced is a private company. It is classified as corporate owned and is currently operating.
When was Evidenced founded?
Evidenced was founded in -1. It employs 1 to 10 people.
Where is Evidenced based?
Evidenced is headquartered in Washington, United States, in the North America region.
How does Evidenced make money?
One revenue line is on record: fund Management.
Who are Evidenced's main competitors?
Broad incumbents on record are CVS Health Ventures, General Catalyst (Health & Resilience practice), Oak HC/FT, Kaiser Permanente Ventures and Bessemer Venture Partners (Healthcare). Direct peers are Healthier Capital, Flare Capital Partners, Define Ventures and Town Hall Ventures.
Does Evidenced have an API?
No public API is recorded for Evidenced.
What industry is Evidenced in?
Evidenced's product category is Venture Capital / Healthcare Investment. Its primary akta.pro industry code is FSANAAAD, Sector-Focused Venture Capital (Vertical Specialists), with a secondary code of FSANAAAB, Early-Stage Venture Capital (Series A/B). Its NAICS code is 523940 and its SIC code is 6282.