Catalyzing healthcare innovation through bespoke partnership, strategic engagement and capital investment.
Our Approach
Valeo’s bespoke corporate venture model applies our learnings from over a quarter century of venture capital and operating experience with leading health plans, hospital systems and entrepreneurs.
Our method combines the rigor, discipline and active management style of an institutional grade investment platform with deep strategic engagement that seeks to drive value for all stakeholders.
By design and through shared objectives, our approach is not merely transactional. Working as a dedicated partner to health plan and health system leaders, Valeo helps to scope, evaluate and introduce actionable solutions through thoughtful connections with innovative entrepreneurs.

Active engagement and partnership are at the core of what we do.
Starting at the earliest stages of due diligence and continuing throughout the entire investment lifecycle, our team strives to ensure that every value proposition translates into real-world success.
Our investment approach aligns the strategic priorities of our corporate partners with the achievement of key milestones for our portfolio companies.
This seeks to drive a cycle of near-term P&L impact and long-term financial returns for our partners.
to be strong, powerful, influential
to be well, healthy, sound
to be worthy, effectual, to prevail
About Us
Core Principles
Our team is passionate about improving the healthcare system for payers, providers and patients.
We thrive on collaboration, trust and the opportunity to impact both mission and margin. Our close-knit group brings a team approach to every opportunity, working side-by-side with entrepreneurs and healthcare leaders to build meaningful relationships and deliver results. Together, we turn shared vision into lasting value.
Portfolio
Valeo Ventures is the exclusive investment manager for Cobalt Ventures, the corporate venture capital arm of Blue Cross and Blue Shield of Kansas City. Select Cobalt Ventures portfolio companies include:
Note: The above portfolio companies represent investment assets under management pursuant to an Investment Management Agreement between Valeo Ventures, LLC and Cobalt Ventures, L.L.C. Portfolio information excludes companies in which Cobalt Ventures has invested that have either been exited or permanently written off as having no material or book value as of January 1, 2025. This portfolio does not reflect the comprehensive investment activity and performance track record of Valeo’s principals.