Blue Venture Fund
Overview
Blue Venture Fund connects health plans, the Blue Cross Blue Shield Association and independent manager Sandbox IndustriesSandbox IndustriesSandbox Industries is an investment manager active in healthcare and insurance technology.Open the full entry to invest in healthcare technology, services and clinical innovation.[1]
Contents4 sections
Key facts
Investment Approach
Participating Blue Cross Blue Shield companies and affiliates capitalize and govern the funds, whose investment range includes seed, growth and buyout stages.[1]
2010Theranos Investment
Blue Venture Fund invested $8.5 million in TheranosTheranosTheranos was a blood-testing company founded in 2003 by Elizabeth Holmes and based in Palo Alto, California, which offered retail testing with Walgreens and was valued at up to $9 billion before regulatory sanctions and criminal charges over alleged fraud in its technology and financial claims led to its dissolution in 2018.Open the full entry in 2010.[2]