BlueCross BlueShield Venture Partners manages over $550 million in capital across three funds. The Funds work collaboratively with 31 different Blue Cross and Blue Shield Plans, the Blue Cross Blue Shield Association (BCBSA), BCS Financial and Bupa to invest in promising, emerging companies of strategic relevance to the BCBS entities. BCBSA serves as the focal point for the funds, providing governance and administration. Leadership of the funds comes from BCBSA as well as participating BCBS entities. Sandbox Industries is the exclusive provider of investment management services to BlueCross BlueShield Venture Partners.

Sandbox Industries is a venture capital firm that works at the intersection between entrepreneurial thinking and large corporate enterprises. Its Collaborative Investment Vehicles drive both investments in and partnerships with startups that address strategic priorities of its Corporate Limited Partners.


  • John Banta

    Managing Director - BCBS Venture Partners' General Partner

  • Mark Bartlett

    Chairman - BCBS Venture Partners Fund I Investment Committee

  • Binoy Bhansali

    Vice President
    Sandbox Industries

  • Matt Downs

    Managing Director
    Sandbox Industries

  • John Giblin

    Chairman - BCBS Venture Partners Fund III Board

  • Anna Haghgooie

    Managing Director
    Sandbox Industries

  • Bob Kolodgy

    President and Chairman - BCBS Venture Partners Fund II Board

  • Tom Hawes, M.D.

    Managing Director
    Sandbox Industries

  • Dipa Talati Mehta

    Managing Director
    Sandbox Industries

  • Mitch Perry

    Chairman - BCBS Venture Partners Fund II Investment Committee

  • Dan Phillips

    Managing Director
    Sandbox Industries

  • Augustin Ruta

    Associate
    Sandbox Industries

  • Scott Serota

    President and Chairman - BCBS Venture Partners Fund I Board

  • Mike Spadafore

    Managing Director
    Sandbox Industries

  • Chris Zock

    Managing Director
    Sandbox Industries