
Cigna Ventures
Description
Cigna Ventures serves as the dedicated corporate venture capital arm of Cigna, a leading global health service company. Established to accelerate innovation and growth within the healthcare industry, Cigna Ventures strategically invests in early-stage and growth-stage companies that align with Cigna's mission to improve health and well-being. Their investment thesis is deeply rooted in identifying and supporting solutions that enhance health outcomes, improve affordability, and expand access to quality care. Based in Bloomfield, Connecticut, Cigna Ventures leverages Cigna's extensive industry expertise and market reach to provide portfolio companies with more than just capital, offering strategic guidance and potential partnership opportunities.
The firm primarily targets companies operating in critical areas of healthcare transformation, including digital health, advanced data analytics, care delivery innovation, and personalized health solutions. They typically engage with companies in their Series A and Series B funding rounds, though they remain open to highly strategic seed investments or larger growth equity opportunities. Cigna Ventures seeks out ventures that can either complement Cigna's existing service offerings or introduce disruptive technologies and business models that address pressing healthcare challenges. Their strategic approach emphasizes long-term partnerships aimed at fostering sustainable growth and market impact.
Cigna Ventures has demonstrated consistent activity in the market, building a robust portfolio of over 40 investments across various healthcare sub-sectors. These investments span a wide range of innovative solutions, from chronic disease management platforms to behavioral health services and virtual care providers. While specific figures can vary based on the stage and strategic importance of the investment, Cigna Ventures typically deploys initial check sizes ranging from approximately $2 million to $10 million. This flexibility allows them to participate meaningfully in diverse funding rounds, supporting companies through critical phases of their development.
Through its strategic investments, Cigna Ventures plays a pivotal role in shaping the future of healthcare. By backing pioneering startups, they aim to drive the adoption of new technologies and care models that ultimately benefit patients, providers, and the broader healthcare ecosystem. Their commitment reflects Cigna's broader vision to make healthcare simpler, more affordable, and more predictable for the millions they serve worldwide.
Investor Profile
Cigna Ventures has backed more than 25 startups, with 1 new investments in the last 12 months alone. The firm has led 10 rounds, about 40% of its total and boasts 5 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series C, Series D rounds (top funding stages).
- Majority of deals are located in United States, Canada.
- Strong thematic focus on Health Care, Wellness, Medical.
- Led 1 rounds in the past year.
- Typical check size: $2M – $10M.
Stage Focus
- Series B (36%)
- Series C (20%)
- Series D (16%)
- Series A (12%)
- Post Ipo Equity (8%)
- Series Unknown (8%)
Country Focus
- United States (96%)
- Canada (4%)
Industry Focus
- Health Care
- Wellness
- Medical
- Mental Health
- Mhealth
- Therapeutics
- Apps
- Software
- Information Technology
- Artificial Intelligence (Ai)
Frequently Asked Questions
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