The Blue Venture Fund is a unique collaboration between BlueCross BlueShield (BCBS) companies, the BlueCross BlueShield Association (BCBSA), and Sandbox, to which thirty-five BCBS companies have committed over $800 million across four funds. The Blue Venture Fund invests in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield Plans and provides the portfolio with access to BCBS companies to deploy innovation at scale. Sandbox is an independent company that provides healthcare-related investment management exclusively for the Blue Venture Fund.

Sandbox Industries is a venture capital firm that works at the intersection between entrepreneurial thinking and large corporate enterprises. Its Collaborative Investment Vehicles drive both investments in and partnerships with startups that address strategic priorities of its Corporate Limited Partners.


Blue Venture Fund Team

  • John Banta

    Managing Director - Blue Venture Fund General Partner

  • Andrew Boyd

    Vice President
    Blue Venture Fund

  • Nida Cabanyan

    Executive Assistant
    Blue Venture Fund

  • Kelly Carlquist

    Associate
    Blue Venture Fund

  • Tony Chen

    Associate
    Blue Venture Fund

  • Ariel Choi

    General Counsel
    Sandbox Industries

  • Matt Downs

    Co-CEO & Managing Director
    Sandbox Industries

  • Anna Haghgooie

    Managing Director
    Blue Venture Fund

  • Meghan Kiely

    Controller
    Sandbox Industries

  • Matt Kopfensteiner

    Associate
    Blue Venture Fund

  • Madeline Lauzon

    Executive Assistant
    Blue Venture Fund

  • Tom Hawes, M.D.

    Managing Director
    Blue Venture Fund

  • Emir Sandhu, M.D.

    Managing Director
    Blue Venture Fund

  • Kelsey Maguire

    Managing Director
    Blue Venture Fund

  • Jennifer Levin Carter, M.D., MPH

    Managing Director
    Blue Venture Fund

  • Jennifer Naylor

    CFO
    Sandbox Industries

  • Tunde Oshinowo

    Associate
    Blue Venture Fund

  • Jeremy Porter

    Vice President
    Blue Venture Fund

  • Bo Shi

    Vice President
    Blue Venture Fund

  • Mike Spadafore

    Managing Director
    Blue Venture Fund

  • Mirirai Sparks

    Executive Assistant
    Blue Venture Fund

  • Sarah Sullivan

    Platform Manager
    Blue Venture Fund

  • Kelsey Tsai

    Associate
    Blue Venture Fund

  • Anita Umarji

    Head of Investor Relations & Business Development
    Sandbox Industries

  • Pam Walton

    Vice President
    Blue Venture Fund

  • Kelly Wyman

    Director of Brand & Communications
    Sandbox Industries

Board Chairs

  • John Banta

    President and Chairman - Blue Venture Fund Fund I Board

  • Mark Bartlett

    Chairman - Blue Venture Fund I Investment Committee

  • Bob Kolodgy

    President and Chairman - Blue Venture Fund II Board

  • Patrick Gilligan

    Chairman - Blue Venture Fund II Investment Committee

  • John Giblin

    Chairman - Blue Venture Fund III Board

  • Mitch Perry

    Chairman - Blue Venture Fund IV Board