Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
HealthX Ventures is a venture capital firm based in Madison, Wisconsin, founded in 2015. The firm focuses on investing in innovative digital health companies that aim to enhance healthcare accessibility, efficiency, and affordability. Its strategic location near Epic Systems allows it to engage deeply with the health tech ecosystem in Wisconsin, fostering connections that benefit its portfolio companies.
The firm manages a fund size of $20 million and has invested in a total of 76 companies. HealthX Ventures has established itself as a key player in the digital health sector, with a team composed of experienced entrepreneurs and investors who provide operational support and industry knowledge to their portfolio companies. The firm has also been recognized for its contributions to the healthcare landscape, receiving $15 million from Wisconsin's $100 million Investment Fund.
HealthX Ventures primarily invests in seed to Series B stage companies within the digital health sector. The firm targets innovative solutions that are scalable, cost-effective, and user-friendly, aiming to improve healthcare delivery and patient outcomes. Investment checks typically range from $1 million to $3 million, with a revenue bar of $50,000 to $100,000 in monthly recurring revenue required for seed-stage consideration.
The firm is particularly interested in companies that address significant challenges in healthcare, such as accessibility and efficiency. HealthX Ventures actively participates in equity rounds and often leads funding rounds, providing portfolio companies with valuable customer introductions and operational management support. Their investment strategy emphasizes early-stage opportunities in North America, focusing on the digital health and AI sectors.
HealthX Ventures has a diverse portfolio of 76 companies, including notable names such as:
Mark Bakken: Managing Partner. Mark is a seasoned entrepreneur and investor with extensive experience in the healthcare sector. He has led numerous successful ventures and is well-connected within the health tech community.
Kristi Ebong: Partner. Kristi brings a wealth of experience in venture capital and healthcare, focusing on identifying promising startups in the digital health space.
Brian Lindstrom: Partner. Brian has a strong background in healthcare investments and works closely with portfolio companies to drive growth and innovation.
Samantha McGrandy: Chief Financial Officer. Samantha oversees financial operations and strategy, ensuring the firm's investments align with its mission.
Alexis Johnson: Executive Assistant. Alexis supports the team in various operational capacities, facilitating smooth communication and project management.
Laura Hilty: Principal. Laura focuses on sourcing and evaluating new investment opportunities within the digital health sector.
Darcey Nett: Principal. Darcey works closely with portfolio companies, providing operational support and strategic guidance.
To pitch HealthX Ventures, founders should use the contact form available on their website or reach out via email. It is advisable to include a clear overview of the business model, market opportunity, and team background in the pitch deck. Response times may vary, but founders can expect timely communication regarding their submissions.
In May 2025, HealthX Ventures led a $7.6 million Series A investment in Empathy Health, a company focused on relapse prevention tools. This investment highlights the firm's commitment to supporting innovative solutions in the digital health space.
HealthX Ventures has also recently invested in Minset, an enterprise healthcare systems company, further expanding its portfolio in the digital health sector. The firm continues to actively engage with the ecosystem, having made a total of 76 investments to date.
What are HealthX Ventures' investment criteria?
HealthX Ventures invests in seed to Series B stage companies within the digital health sector. They seek scalable, cost-effective, and user-friendly solutions that enhance healthcare delivery and patient outcomes.
How can I apply or pitch to HealthX Ventures?
Founders can pitch to HealthX Ventures through their website at healthxventures.com/contact or via email at contact@healthxventures.com.
What makes HealthX Ventures different from other VC firms?
HealthX Ventures is strategically located near Epic Systems, allowing them to leverage deep industry connections and insights in the healthcare sector. Their focus on early-stage digital health investments sets them apart.
What is the geographic scope of HealthX Ventures' investments?
The firm primarily focuses on North America for its digital health investments, tapping into the vibrant health tech ecosystem in Wisconsin and beyond.
What is the typical check size for investments?
HealthX Ventures typically invests between $1 million and $3 million in initial funding rounds.
What kind of post-investment involvement can portfolio companies expect?
HealthX Ventures provides strategic support, operational management assistance, and customer introductions to help portfolio companies navigate challenges and scale effectively.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.