HLM Venture Partners: Funding, Team & Investors

HLM Venture Partners is a leading venture capital firm based in Waltham, Massachusetts, specializing in healthcare technology and services investments. The firm manages over $400 million in assets under management, having successfully backed over 100 portfolio companies that have collectively generated approximately $1 billion in value. Their investment focus spans early and growth-stage health tech, medical technology, and healthcare services across North America, Europe, and Israel, providing crucial capital and strategic support. Notable portfolio companies include publicly traded Phreesia and Teladoc, alongside AbleTo, RubiconMD, and CareBridge, demonstrating their significant impact in the healthcare sector. The leadership team features Partners Ed Cahill, Enrico Picozza, Michael Ludwig, and Joseph Mayer, MD, with Ludwig and Mayer joining in February 2024 as the firm prepared for HLM Fund VI. Founded in 1983, HLM Venture Partners boasts a long-standing history of successful investments and industry leadership.

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2023	Yuvo Health	$20.0M Series A	Fatima Husain	AlleyCorp, Comcast Ventures, Initialized Capital, Laconia Capital Group, Vamos Ventures, Veeral Mehta, AV8 Ventures, NEW York Ventures, Route 66 Ventures, Social Innovation Fund
Jan 11, 2023	Censinet	$9.0M Other Equity	Caleb Winder	PAM Austin, Mba, Pmp, Cphims, Cedars Sinai Medical Center, Excelerate Health Ventures, Lrvhealth, Anita Watkins, Schooner Capital
Sep 28, 2021	Axial Healthcare	$75.0M Other Equity	Valtruis	.406 Ventures, Bluecross Blueshield Venture Partners, Caresource, Centene Corporation, Highmark Ventures, OAK HC/FT, Sandbox Industries
Jun 1, 2021	LetsGetChecked	$150.0M Series D	ELI Casdin	Illumina Ventures, Norwest Venture Partners, Transformation Capital, Commonfund, Optum Ventures, Qiming Venture Partners USA
Feb 18, 2021	Carevive Systems	$18.0M Series C	Philips Ventures	Madelyn Herzfeld, Cerner, Debiopharm, Lrvhealth, Allen Kamer
Aug 1, 2020	mPulse Mobile	$16.0M Series C	Optum Ventures	AIX Ventures, Bessemer Venture Partners, Bonfire Ventures, CVS Health, Flex Capital, Forerunner Ventures, Founders Fund, Krishna Yeshwant, Kleiner Perkins, SJF Ventures, Surface Ventures, Threshold Ventures, Tiger Global Management, Akhil Paul, Akshay Sriprasad, Austin Walters, Farzad Nazem, Jason Lemkin, Joanne Bradford, Marc Benioff, Omar EL Ayat, Ricardo Marino, Steph Korey, Tracy Young, Echo Health Ventures, OCA Ventures, Rincon Venture Partners
Mar 1, 2020	RubiconMD	$18.0M Series C	Deerfield Management	Optum Ventures, Heritage Provider Network, Waterline Ventures
Nov 19, 2018	ClearDATA	$26.0M Other Equity	—	Excel Venture Management, Flare Capital Partners, Sahil Choudhry, Heritage Group, Brian Leclaire, Merck, Norwest Venture Partners
Nov 1, 2018	ClearDATA	$26.0M Series E	—	AV8 Ventures, Flare Capital Partners, ForgePoint Capital, Greg Papadopoulos, Mohamad Makhzoumi, Norwest Venture Partners, Saints Capital, Matthew Chagan, Excel Venture Management, Health Care Service Corporation, Heritage Group, Humana, Merck
Jun 26, 2018	Regroup	$5.5M Other Equity	—	Frist Cressey Ventures, Further Fund, Harvard Business School Angels OF Chicago, Peter Wilkins, OCA Ventures, OSF Healthcare
May 1, 2018	mPulse Mobile	$11.0M Series B	SJF Ventures	AIX Ventures, CVS Health, Krishna Yeshwant, Kleiner Perkins, Surface Ventures, Akhil Paul, Akshay Sriprasad, Austin Walters, Joanne Bradford, Marc Benioff, Ricardo Marino, Bonfire Ventures, Echo Health Ventures, OCA Ventures
Apr 1, 2018	RubiconMD	$14.0M Series B	HLM Venture Partners, Optum Ventures	Pareto Holdings, Quiet Capital, Drew Houston, John Kobs, Russell Cook, Blue IVY Ventures, Centene Corporation
Aug 1, 2017	AbleTo	$37.0M Series D	Aetna Ventures, Yumin Choi	.406 Ventures, Horizon Healthcare Services, Sandbox Industries
Jun 15, 2017	Regroup	$6.0M Series A	OSF Ventures	Furthur Fund, Sapan Shah, M.d., J.d., Impact Engine, OCA Ventures
Apr 13, 2017	ClearDATA	$12.0M Other Equity	—	Excel Venture Management, Bill Geary, Heritage Group, Merck, Robert Abbott
Oct 7, 2016	Welltok	$46.7M Debt / Series E	—	Bessemer Venture Partners, EDBI, Emergence Capital, Flare Capital Partners, Georgian Partners, Hearst Ventures, Interwest Partners, Miramar Venture Partners, NEW Enterprise Associates, Okapi Venture Capital, Qualcomm, Sigma Partners, Silicon Valley Bank, Trustmark
Apr 1, 2016	OnShift	$18.0M Series D	Health Velocity Capital	Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, North Coast Venture Fund, West Capital Advisors
Jan 12, 2016	MPulse	$10.0M Series A	—	JumpStart Ventures, Merrick Ventures, OCA Ventures
Feb 9, 2015	Aventura HQ	$14.0M Series C	Merck, AL Wiegman	Excel Venture Management, Memorialcare
Oct 23, 2014	Phreesia	$30.0M Other Equity	Scott Perricelli	Ascension Ventures
Apr 1, 2014	Transcend Medical	$29.0M Series C	—	Canaan Partners, Frazier Healthcare Partners, InterWest, Canaan Partners, Finistere Ventures, Investor Growth Capital, Kaiser Permanente Ventures, Latterell Venture Partners, MAG, Split Rock Partners, Technology Partners
Jan 1, 2013	Linkwell Health	$11.0M Series C	Wellpoint	Spark Capital
Oct 26, 2011	MedVentive	$12.0M Series D	CHV II, Brant Heise	CHV Capital, Core Capital Partners, Excel Venture Management, Lrvhealth
Sep 1, 2011	Valeritas	$150.0M Series C	Daniel Pelak	Pitango Venture Capital, Abingworth, Advanced Technology Ventures, Agate Medical Investments, CHL Medical Partners, Kaiser Permanente Ventures, MPM Capital, ONSET Ventures
Jul 15, 2011	Transcend Medical	$51.0M Series B	—	Canaan Partners, Finistere Ventures, Investor Growth Capital, Kaiser Permanente Ventures, Latterell Venture Partners, Morgenthaler Ventures, Split Rock Partners, Technology Partners

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Jun 1, 2023	Yuvo Health	$20.0M Series A	Fatima Husain	AlleyCorp, Comcast Ventures, Initialized Capital, Laconia Capital Group, Vamos Ventures, Veeral Mehta, AV8 Ventures, NEW York Ventures, Route 66 Ventures, Social Innovation Fund
Jan 11, 2023	Censinet	$9.0M Other Equity	Caleb Winder	PAM Austin, Mba, Pmp, Cphims, Cedars Sinai Medical Center, Excelerate Health Ventures, Lrvhealth, Anita Watkins, Schooner Capital
Sep 28, 2021	Axial Healthcare	$75.0M Other Equity	Valtruis	.406 Ventures, Bluecross Blueshield Venture Partners, Caresource, Centene Corporation, Highmark Ventures, OAK HC/FT, Sandbox Industries
Jun 1, 2021	LetsGetChecked	$150.0M Series D	ELI Casdin	Illumina Ventures, Norwest Venture Partners, Transformation Capital, Commonfund, Optum Ventures, Qiming Venture Partners USA
Feb 18, 2021	Carevive Systems	$18.0M Series C	Philips Ventures	Madelyn Herzfeld, Cerner, Debiopharm, Lrvhealth, Allen Kamer
Aug 1, 2020	mPulse Mobile	$16.0M Series C	Optum Ventures	AIX Ventures, Bessemer Venture Partners, Bonfire Ventures, CVS Health, Flex Capital, Forerunner Ventures, Founders Fund, Krishna Yeshwant, Kleiner Perkins, SJF Ventures, Surface Ventures, Threshold Ventures, Tiger Global Management, Akhil Paul, Akshay Sriprasad, Austin Walters, Farzad Nazem, Jason Lemkin, Joanne Bradford, Marc Benioff, Omar EL Ayat, Ricardo Marino, Steph Korey, Tracy Young, Echo Health Ventures, OCA Ventures, Rincon Venture Partners
Mar 1, 2020	RubiconMD	$18.0M Series C	Deerfield Management	Optum Ventures, Heritage Provider Network, Waterline Ventures
Nov 19, 2018	ClearDATA	$26.0M Other Equity	—	Excel Venture Management, Flare Capital Partners, Sahil Choudhry, Heritage Group, Brian Leclaire, Merck, Norwest Venture Partners
Nov 1, 2018	ClearDATA	$26.0M Series E	—	AV8 Ventures, Flare Capital Partners, ForgePoint Capital, Greg Papadopoulos, Mohamad Makhzoumi, Norwest Venture Partners, Saints Capital, Matthew Chagan, Excel Venture Management, Health Care Service Corporation, Heritage Group, Humana, Merck
Jun 26, 2018	Regroup	$5.5M Other Equity	—	Frist Cressey Ventures, Further Fund, Harvard Business School Angels OF Chicago, Peter Wilkins, OCA Ventures, OSF Healthcare
May 1, 2018	mPulse Mobile	$11.0M Series B	SJF Ventures	AIX Ventures, CVS Health, Krishna Yeshwant, Kleiner Perkins, Surface Ventures, Akhil Paul, Akshay Sriprasad, Austin Walters, Joanne Bradford, Marc Benioff, Ricardo Marino, Bonfire Ventures, Echo Health Ventures, OCA Ventures
Apr 1, 2018	RubiconMD	$14.0M Series B	HLM Venture Partners, Optum Ventures	Pareto Holdings, Quiet Capital, Drew Houston, John Kobs, Russell Cook, Blue IVY Ventures, Centene Corporation
Aug 1, 2017	AbleTo	$37.0M Series D	Aetna Ventures, Yumin Choi	.406 Ventures, Horizon Healthcare Services, Sandbox Industries
Jun 15, 2017	Regroup	$6.0M Series A	OSF Ventures	Furthur Fund, Sapan Shah, M.d., J.d., Impact Engine, OCA Ventures
Apr 13, 2017	ClearDATA	$12.0M Other Equity	—	Excel Venture Management, Bill Geary, Heritage Group, Merck, Robert Abbott
Oct 7, 2016	Welltok	$46.7M Debt / Series E	—	Bessemer Venture Partners, EDBI, Emergence Capital, Flare Capital Partners, Georgian Partners, Hearst Ventures, Interwest Partners, Miramar Venture Partners, NEW Enterprise Associates, Okapi Venture Capital, Qualcomm, Sigma Partners, Silicon Valley Bank, Trustmark
Apr 1, 2016	OnShift	$18.0M Series D	Health Velocity Capital	Draper Triangle Ventures, Early Stage Partners, Fifth Third Capital, North Coast Venture Fund, West Capital Advisors
Jan 12, 2016	MPulse	$10.0M Series A	—	JumpStart Ventures, Merrick Ventures, OCA Ventures
Feb 9, 2015	Aventura HQ	$14.0M Series C	Merck, AL Wiegman	Excel Venture Management, Memorialcare
Oct 23, 2014	Phreesia	$30.0M Other Equity	Scott Perricelli	Ascension Ventures
Apr 1, 2014	Transcend Medical	$29.0M Series C	—	Canaan Partners, Frazier Healthcare Partners, InterWest, Canaan Partners, Finistere Ventures, Investor Growth Capital, Kaiser Permanente Ventures, Latterell Venture Partners, MAG, Split Rock Partners, Technology Partners
Jan 1, 2013	Linkwell Health	$11.0M Series C	Wellpoint	Spark Capital
Oct 26, 2011	MedVentive	$12.0M Series D	CHV II, Brant Heise	CHV Capital, Core Capital Partners, Excel Venture Management, Lrvhealth
Sep 1, 2011	Valeritas	$150.0M Series C	Daniel Pelak	Pitango Venture Capital, Abingworth, Advanced Technology Ventures, Agate Medical Investments, CHL Medical Partners, Kaiser Permanente Ventures, MPM Capital, ONSET Ventures
Jul 15, 2011	Transcend Medical	$51.0M Series B	—	Canaan Partners, Finistere Ventures, Investor Growth Capital, Kaiser Permanente Ventures, Latterell Venture Partners, Morgenthaler Ventures, Split Rock Partners, Technology Partners

HLM Venture Partners

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