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Blue Cross Blue Shield of Michigan

Venture Fund · 3 Members · Detroit, MI, US
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About this Program

Our group at BCBSM invest and manages the strategic alternative investments which includes but is not limited to VC, PE, Seed, and Limited Partner Investments.

Our Investment Focus

MANAGEMENT
HEP has a strong preference for backing seasoned operators who have grown and successfully exited prior companies.

REVENUE/PROFITABILITY 
We generally prefer companies that are profitable or have a very clear path to profitability within 12 to 18 months. We do not invest in pre-revenue companies.

INVESTMENT SIZE
We typically invest $5 million to $15 million per portfolio company, but have the ability to fund larger deals with co-investors.

BCBSM OWNERSHIP
We prefer a significant minority or occasionally majority ownership position. Together with our co-investors (other Blues Plans), we will generally have a majority interest.

Portfolio


Hygieia

Healthcare Services

Preferred Industries

  • Healthcare Services
  • IT Services