SJF Ventures is a venture capital partnership with offices in Durham, New York and San Francisco. Through its investment funds, the firm provides equity financings from $1MM to $10MM, solo or in syndicates, to companies seeking growth capital.  As a venture fund, SJF Ventures focuses on the resource efficiency, sustainability and technology-enhanced services sectors. Representative investment areas include efficiency and infrastructure, asset recovery including reuse and recycling, sustainable agriculture and food safety, health and wellness technology, education technology and digital media and marketing services.  When assessing investment opportunities, SJF Ventures is highly selective in identifying teams, markets and business models that can achieve rapid sales, strong profitability, and premium exits. In addition, SJF looks to partner with entrepreneurs who are committed to positively impacting the world through the businesses that they are creating.

SJF Ventures

Sovereign Health of California is a healthcare center that offers dual diagnosis treatment.  They provide addiction, dual diagnosis, and mental health treatment programs for adults and adolescents, including support services for families.

Sovereign Health

1939 was the beginning of a long tradition of health care coverage in Nebraska. A group of medical professionals, business leaders and others came together to create an organization that today serves over 700,000 people.  To millions of Americans, Blue Cross and Blue Shield represents peace of mind when it's needed the most. That's because the Blue Cross and Blue Shield brand represents the nation's largest and most experienced health care benefit companies.  The Blue Cross and Blue Shield organization is not one single company, but rather a confederation of independent, community-based Plans. Collectively, Blue Cross and Blue Shield Plans cover more than 98 million people - nearly one-third of all Americans - in all 50 states, the District of Columbia and Puerto Rico. With the power of Blue, they are able to provide broad network access and competitive discounts to their clients.

Blue Cross and Blue Shield of Nebraska

Endo makes investments in game-changing early stage companies improving outcomes for large patient populations affected by various chronic diseases. Endo is backed by a group of mission-oriented investors and was created in response to a deficit of early-stage capital focused on companies impacting diabetes and other major global health issues.

Endo Investors

Rittenhouse Ventures is a Philadelphia-based early-stage venture fund that invests in capital-efficient emerging technology companies across Pennsylvania and the Mid-Atlantic region. Rittenhouse invests in small (generally $1 to $3 million) financing rounds of early-stage information technology companies that utilize emerging technologies to create compelling business opportunities. While the Fund invests across the information technology spectrum, it has a primary vertical focus on Healthcare Information Technology and Pharmaceutical IT. It also invests in Technology-Enabled Services companies focused on other verticals including Financial Services Information Technology and Outsourced Business Services.

Rittenhouse Ventures

Boston Millennia Partners (BMP) has a long and successful history of growth capital investing on a national scope. Our Core Company Investment Strategy, combined with our international network of relationships and deep industry expertise, sets us apart from other investor groups and enables us to contribute meaningfully to our portfolio companies. The company focuses on investment opportunities within the healthcare and business services industries. Outsourcing and software as a service business companies are of particular interest for investment. Boston Millennia Partners' goal is to be supportive and effective investing partners, and establish productive relationships with its business partners that create long-term value. The company seeks to partner with entrepreneurs who share our goal of building enduring, large-scale businesses that result in personal fulfillment and superior financial returns.  Over the past thirty years, it has implemented an investment approach that centers on active participation with our portfolio companies.  Its goal is to be supportive and effective investing partners and establish productive relationships with its business partners that create long-term value.

Boston Millennia Partners

SustainVC is an early-stage impact investing venture capital fund that makes market-rate equity investments.

SustainVC

G100 Capital

Cecelia Health

Membership-based, non-insurance healthcare companies helping maintain a steady state of well being.

Preventive Healthcare

Founded in 2023, Valendo Health was fostered under startup incubator Redesign Health. It offers a population health management platform for independent endocrinologists, including expertise, technology, and data tools to optimize clinical capacity and streamline operations.&nbsp;The company offers a three-phase approach through which it provides telehealth, remote monitoring, endocrinology software, and analytics, within a value-based care framework to enhance diabetes care. The company aims to increase revenue for care providers through contracts that reward improved patient outcomes and cost efficiencies, aligning financial incentives with health outcomes​.Key customers and partnershipsThe company has collaborated with healthcare providers Cecelia Health and Advanced Metabolic Care &amp; Research to offer Valendo Health’s platform and improve diabetes care delivery.&nbsp;Funding and financialsIn <a href="https://sp-edge.com/updates/26162">January 2024</a>, the company launched from stealth and raised USD 4 million in seed funding.

Valendo Health is a value-based care company built at Redesign Health in 2023 and is focused on partnering with endocrinology practices to help grow their businesses, improve care for patients with diabetes, and shape the future of diabetes care through value-based care contracts. Valendo’s founding team is made up of serial healthcare entrepreneurs with decades of experience in value-based specialty care and a passion for improving care for people with diabetes.

Cecelia Health is tech-enabled diabetes and chronic disease management company that combines technology with expert clinical coaching. It aims to transform the lives and health outcomes of people with diabetes, obesity, cardiovascular disease, and other chronic conditions. Cecelia Health helps people with chronic conditions adhere to their medications and related nutrition, health, and wellness programs. During COVID-19, Cecelia Health has also been offering telehealth support to patients. It was founded in 2009 and headquartered in New York, United States.

<div>Cecelia Health is a virtual specialty clinic for patients with chronic illnesses and diabetes. The company has designed and created a solution to improve the healthcare user experience (healthcareUX). Cecelia Health looks to increase access to care and offer life-changing support from dedicated clinical specialists via its virtual specialty clinic, remote patient monitoring, education, and device training, backed by first-party data and sophisticated analytics.&nbsp;</div>

Cecelia Health virtual specialty care approach delivers remarkable 3.7x ROI for health plans

Valendo Health

AMCR Institute

Companies offer independent physician practices and hospitals with the tools (patient engagement, care coordination, administrative services) to help manage and improve clinical health outcomes of a defined group of individuals or large populations.

<div>
 
 Cecelia Health is a virtual specialty clinic for patients with chronic illnesses and diabetes. The company has designed and created a solution to improve the healthcare user experience (healthcareUX). Cecelia Health looks to increase access to care and offer life-changing support from dedicated clinical specialists via its virtual specialty clinic, remote patient monitoring, education, and device training, backed by first-party data and sophisticated analytics.&nbsp;
 
 
 The company addresses a variety of chronic illnesses and spans therapeutic domains including cardiovascular disease, chronic renal disease, diabetes, and respiratory problems.&nbsp;
 
 
 Key customers and partnerships
 
 
 In April 2022, the company collaborated with UBMD Paediatrics to improve outcomes for children and adolescents with Type 1 diabetes. Also, in April 2022, Cecelia Health collaborated with Joslin Diabetes Centre to increase the use of continuous glucose monitors (CGMs) among older adults with diabetes.&nbsp;
 
 
 In August 2021, LifeScan and Cecelia Health collaborated to provide a new live Certified Diabetes Care and Education Specialists (CDCES) telehealth service via the OneTouch Reveal app. In January 2019, Cecelia Health partnered with Valeritas on the V-Go wearable insulin delivery device for diabetics. Also, in December 2021, Cecelia Health looked to strengthen its position in the life sciences market by partnering with a leading diabetes brand to provide virtual patient support.
 
 
 Funding and Financials
 
 
 In August 2020, Cecelia Health raised USD 13 million in a series B round led by Rittenhouse Ventures and Endo Investors. The funds were expected to be used to accelerate and scale up the adoption of Cecelia Health's technology-enabled coaching and telemedicine solutions while also expanding its digital health capabilities.
 
</div>

Cardiomo Care is developing noninvasive wearable devices to alert users and caretakers when there are abnormalities in the heartbeat. The company’s AI engine, trained on existing and growing data sets, can predict potential heart issues up to two hours before they occur, enabling early detection and intervention for arrhythmias and other cardiovascular diseases (CVDs).The company's product, CardiomoPatch, is a waterproof, wearable patch capable of long-term wear with a 10-day battery life. The patch monitors a patient's cardiac data, including ECG outputs, breathing, and skin temperature, and transmits the data via a mobile app for analysis by Cardiomo's AI engine.&nbsp;As of May 2024, the company is yet to commercialize its product and has over 1,600 pre-orders.

Cardiomo Care

Omada is a prevention-focused digital therapeutics startup that helps members achieve health goals through lifestyle changes. It offers four evidence-based, virtual prevention programs for managing hypertension, musculoskeletal (MSK) issues, prediabetes, and diabetes.Omada offers real-time data tracking through connected devices (such as wireless scales, blood pressure, and glucose monitors) and access to personalized coaching sessions via a mobile app as part of its prevention program. It also provides an online community of peers with similar health conditions to discuss challenges and provide support. In May 2021, Omada became the first fully-virtual healthcare provider to earn the National Committee for Quality Assurance’s Population Health Program Accreditation for its type 2 diabetes and type 2 diabetes + hypertension programs.Unlike its peers, Omada operates a performance-based business model where it charges clients an enrollment fee based on the number of users and a performance fee based on how much weight their employees lose. In May 2020, the company acquired virtual physical therapy startup Physera.Key customers and partnershipsAs of May 2024, Omada had more than 1 million members from more than 1,900 enterprise clients across all 50 US states. Its B2B employer and health plan client base include key clients such as American Eagle, Kaiser Permanente, Costco Wholesale, 3M, and Marvin. Additionally, the company has partnered with health systems and hospitals such as Intermountain Healthcare to provide its preventive programs as a covered benefit.In <a href="https://sp-edge.com/updates/15587">January 2023</a>, the company partnered with health service company Castell (a subsidiary of Intermountain Healthcare) to provide its diabetes programs to members from Intermountain Healthcare’s primary care providers in its Utah Medical Group. Further in <a href="https://sp-edge.com/updates/25245">January 2024</a>, the company partnered with Amazon to expand access to its cardiometabolic program.

Omada Health

VillageMD provides primary care services for patients. It also provides tools, technology, and staffing support needed for physicians to deliver high-quality services. VillageMD’s service delivery methods include traditional freestanding clinics, Village Medical at Walgreens co-located clinics, as well as at-home and around-the-clock virtual visits. It also leverages a team-based approach to care where physicians lead nurse practitioners, pharmacists, mental health specialists, and dietitians to offer a holistic care program. The technology of VillageMD includes docOS, an operating system that enables better patient care by connecting various clinical source systems with ongoing patient-generated data coupled with an AI engine to continuously analyze messages to enable patient self-care.The company made several acquisitions to expand its footprint: 1) <a href="https://sp-edge.com/updates/14347">Summit Health</a> for USD 8.9 billion in November 2022, 2) Healthy Interactions, an interactive patient education platform, in February 2022, and 3) <a href="https://sp-edge.com/updates/16968">Starling Physicians</a>, a primary care and specialty care provider, in March 2023.Key customers and partnershipsIn June 2020, VillageMD and Walgreens Boots Alliance announced a collaborative effort to open at least 600 Village Medical centers at Walgreens across more than 30 US markets by 2025. Walgreens invested USD 5.2 billion in VillageMD (from the previously announced USD 1.0 billion), raising its ownership stake to 63% (from 30%).However, as of May 2024, Walgreens had plans to close 160 VillageMD clinics as part of a cost-cutting plan.

VillageMD

Cityblock Health is a value-based healthcare provider focused on delivering comprehensive care to underserved communities, primarily Medicaid and lower-income Medicare beneficiaries. The company combines primary care, behavioral health, and social services to address the complex physical, mental, and social needs of its members.Cityblock's model involves partnering with local community-based organizations and deploying multidisciplinary care teams that include doctors, nurses, behavioral health specialists, and community health workers. These teams provide personalized care through 24/7 access to multi-modal care delivery, including in-home visits, telehealth, and community health hubs.The services of Cityblock are available to members at no additional cost if they are covered by an eligible health plan.Key Customers and PartnershipsAs of May 2024, the company’s services were available in seven states across the US and served over 100,000 members.In May 2024, it partnered with <a href="https://sp-edge.com/updates/29647">Sunshine Health</a> to expand to Florida, and, in <a href="https://sp-edge.com/updates/13270">September 2022</a>, it partnered with MDwise to expand into Indiana. Prior to that, the company had partnered with insurance providers such as ConnectiCare (Connecticut), Tufts Health Plan (Massachusetts), Emblem Health (New York), Healthy Blue (North Carolina), Molina Healthcare (Ohio) and CareFirst (Washington DC).Funding and FinancialsCityblock is a spin-off of Sidewalk Labs, an Alphabet company that incubates and invests in tech companies and products to improve urban infrastructure. It completed a USD 400 million Series D funding round led by Softbank in <a href="https://sp-edge.com/updates/5326">September 2021</a>, valuing the company at USD 5.7 billion. The funds were used to expand its services.

Cityblock Health

Everside Health (formerly Paladina Health) offers preventative care for chronic conditions and primary, mental and occupational healthcare treatments for acute conditions. Patients benefit from around-the-clock access to care, same-day or next-day appointments for in-person, and virtual care visits with zero copays.Everside aims to generate around 17% healthcare cost savings in three years and 31% in five years for its corporate members by leveraging a data-driven approach to care coordination.The company leverages data from past medical records, predictive analytics, and AI in the delivery of preventative care services.Founded in 2010 under the name Paladina Health, the company was rebranded in November 2020 as Everside Health following a merger between three primary care groups (Paladina, Activate Healthcare, and Healthstat). Furthermore, in February 2024, Everside Health merged with primary care provider Marathon Health to form a combined entity that would operate as Marathon Health, and, as of May 2024, the integration was ongoing.Key customers and partnershipPost-merger with Marathon Health, the combined entity would serve 2.5 million patients through over 680 clinics across 41 states.Funding and financialsThe company received its most recent investment in July 2022, amounting to USD 164 million in growth equity funding. The round was led by New Enterprise Associates (NEA). The funds were allocated toward growing its market presence and exploring opportunities for M&amp;A as well as to enhance and improve its product features. Additionally, the firm planned to expand its coverage of specialty care services aimed at individuals, employers, and union organizations.

Everside Health

Platforms offer a subscription-based or B2B-sponsored, evidence-based program for managing a specific long-term health condition.

DPCs offer value-based primary and preventive care services addressing whole-person (social, mental, physical) needs for a fixed monthly or annual fee paid by either the patient, insurance provider, or employer.

Companies offer B2B and D2C evidence-based treatments delivered via software programs to prevent and manage a variety of chronic conditions.

Tools that collect and analyze real-time patient data that supports healthcare providers with clinical decisions,  improves patient outcomes, and reduces medical errors.

Platforms are used to track and gather patient health-related information via either a connected device or at-home test kits to detect the early onset of disease and identify any abnormalities in readings—but do not include a treatment plan.

To gather large amounts of real-time data for chronic care management, DTx, and patient monitoring

XR used by some startups for chronic pain management

Offers digital means of providing direct primary care, passive remote monitoring, chronic care management, etc.

AI/ML is used in predictive analytics, diagnostics tools, and population management

Offers tailored preventive interventions and treatments to the specific needs and characteristics of each individual

Cecelia Health

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