Intermountain Ventures

Intermountain Ventures operates as the strategic investment arm of Intermountain Healthcare, a prominent non-profit integrated health system based in Salt Lake City, Utah. Established to identify and support innovative healthcare companies, Intermountain Ventures plays a crucial role in advancing Intermountain Healthcare's mission to provide high-quality, affordable care. The venture arm leverages the parent organization's extensive clinical expertise, operational insights, and vast patient network to help portfolio companies develop and scale solutions that address pressing challenges within the healthcare ecosystem.

The firm primarily targets early to growth-stage companies, typically participating in Series A, B, and C funding rounds. Their investment thesis is deeply aligned with Intermountain Healthcare's strategic priorities, focusing on areas such as digital health, value-based care models, population health management, medical devices, diagnostics, and health information technology. Intermountain Ventures seeks companies that offer disruptive technologies or services capable of improving clinical outcomes, enhancing patient experience, reducing costs, or expanding access to care. They often act as a strategic partner, offering not just capital but also opportunities for pilot programs, clinical validation, and integration within Intermountain Healthcare's system, which includes 33 hospitals and 385 clinics.

Intermountain Ventures typically deploys initial capital ranging from $1 million to $5 million for its first checks, although this can vary based on the stage and strategic importance of the opportunity. Their investment approach is characterized by a long-term perspective, often providing follow-on funding to successful portfolio companies. Beyond financial investment, their unique value proposition lies in providing unparalleled access to a large, integrated healthcare system. This includes opportunities for product testing, clinical trials, and direct engagement with clinicians and administrators, which can significantly accelerate a startup's market penetration and validation. As of recent data, Intermountain Ventures has made over 20 investments in innovative healthcare companies, underscoring its active role in shaping the future of healthcare delivery.