McKesson Ventures logo

McKesson Ventures

North America, California, United States, San Francisco

Description

McKesson Ventures is the strategic venture capital arm of McKesson Corporation, a global leader in healthcare supply chain management, retail pharmacy, and healthcare information technology. Based in San Francisco, the firm is dedicated to investing in early and growth-stage companies that are transforming the healthcare industry. Their investment thesis is closely aligned with McKesson's broader strategic priorities, focusing on areas such as digital health, value-based care, healthcare IT, biopharma services, and supply chain innovation.

The firm seeks out companies that can drive significant improvements in healthcare delivery, efficiency, and patient outcomes. They are active investors across various funding stages, typically participating in Series A, B, and C rounds. McKesson Ventures leverages its parent company's extensive industry expertise, market access, and operational resources to provide more than just capital to its portfolio companies, offering strategic guidance and potential commercial partnerships.

McKesson Ventures has built a robust portfolio, demonstrating its commitment to fostering innovation within the healthcare ecosystem. As of recent data, their portfolio includes over 60 companies, showcasing a broad reach across different healthcare segments. This extensive network allows them to identify and support disruptive technologies and business models that can shape the future of healthcare.

Their typical initial investment ranges from $5 million to $20 million, reflecting their focus on providing meaningful capital to fuel growth and scale for promising ventures. This strategic approach ensures that their investments are not only financially sound but also contribute to the evolution of healthcare in areas critical to McKesson's long-term vision.

Investor Profile

McKesson Ventures has backed more than 53 startups, with 3 new investments in the last 12 months alone. The firm has led 16 rounds, about 30% of its total and boasts 12 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series C, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, Canada, United Kingdom.
  • Strong thematic focus on Health Care, Medical, Information Technology.
  • Led 1 rounds in the past year.
  • Typical check size: $5M – $20M.

Stage Focus

  • Series B (26%)
  • Series C (15%)
  • Series Unknown (13%)
  • Series A (13%)
  • Corporate Round (8%)
  • Private Equity (6%)
  • Series E (6%)
  • Series D (6%)
  • Seed (4%)
  • Series F (4%)

Country Focus

  • United States (96%)
  • Canada (2%)
  • United Kingdom (2%)

Industry Focus

  • Health Care
  • Medical
  • Information Technology
  • Software
  • Hospital
  • Analytics
  • Clinical Trials
  • Mobile Apps
  • Big Data
  • Apps
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does McKesson Ventures frequently co-invest with?

dRx Capital
Europe, Basel-Stadt, Switzerland, Basel
Co-Investments: 3
MV
North America, Tennessee, United States, Nashville
Co-Investments: 3
DCM Ventures
North America, California, United States, Menlo Park
Co-Investments: 3
Merck Global Health Innovation Fund
North America, New Jersey, United States, Whitehouse Station
Co-Investments: 5
Takeda Ventures
North America, California, United States, San Diego
Co-Investments: 3
Redmile Group
North America, California, United States, San Francisco
Co-Investments: 3
Lux Capital
North America, New York, United States, New York
Co-Investments: 4
Health Enterprise Partners
North America, New York, United States, New York
Co-Investments: 3
Flare Capital Partners
North America, Massachusetts, United States, Boston
Co-Investments: 4
Cambia Health Solutions
North America, Oregon, United States, Portland
Co-Investments: 3

Which angels does McKesson Ventures often collaborate with?

EM
North America, California, United States, Richmond
Shared Deals: 1
FS
North America, California, United States, Palo Alto
Shared Deals: 1
JL
North America, California, United States, Menlo Park
Shared Deals: 1
MB
North America, California, United States, San Francisco
Shared Deals: 2
LZ
Europe, England, United Kingdom, London
Shared Deals: 1
KF
North America, California, United States, San Francisco
Shared Deals: 1
AN
North America, New York, United States, New York
Shared Deals: 1
AG
North America, California, United States, Stanford
Shared Deals: 1
BB
North America, California, United States, San Francisco
Shared Deals: 2
EG
North America, California, United States, San Francisco
Shared Deals: 1

What are some of recent deals done by McKesson Ventures?

Lumata Health

Edmond, Oklahoma, United States

Lumata Health develops virtual certified ophthalmic assistants and data-driven tech to support eyecare practices.

Health CareInformation TechnologyMedical
Series BMar 5, 2025
Amount Raised: $23,000,000
Lynx

Boston, Massachusetts, United States

Lynx provides an API-driven platform for businesses to integrate healthcare financial services, payments, banking, and investments.

FinTechHealth CarePayments
Series AFeb 6, 2025
Amount Raised: $27,000,000
Bluenote Health

San Francisco, California, United States

Bluenote Health operates as an AI platform for life sciences.

Artificial Intelligence (AI)Life ScienceSoftware
Series UnknownDec 20, 2024
Amount Raised: $10,000,000
HarmonyCares

Troy, Michigan, United States

HarmonyCares is a home-based health care provider for adults and for those with complex medical issues.

Assisted LivingElder CareHealth CareHome Health CareNursing and Residential Care
Series UnknownJul 8, 2024
Amount Raised: $200,000,000
Atropos Health

Palo Alto, California, United States

Atropos Health develops a clinical analytics platform that specializes in evidence-based healthcare.

Clinical TrialsHealth CareInformation TechnologyMedical
Series BMay 23, 2024
Amount Raised: $33,000,000
Inbound Health

Minneapolis, Minnesota, United States

Inbound Health is a company that enables health systems and health plans to offer hospital-at-home and skilled nursing-at-home programs.

Health Care
Series BSep 20, 2023
Amount Raised: $30,000,000
RxLightning

New Albany, Indiana, United States

RxLightning automates the manual enrollment process of starting a patient on specialty medications.

Information ServicesInformation TechnologyProductivity ToolsSoftware
Series AJun 6, 2023
Amount Raised: $17,500,000
Perceiv AI

Montréal, Quebec, Canada

AI-driven precision medicine, forecasting disease progression

AnalyticsArtificial Intelligence (AI)Clinical TrialsHealth CareHealth DiagnosticsMachine LearningMedicalPharmaceuticalPrecision MedicinePredictive Analytics
SeedDec 8, 2022
Amount Raised: $1,500,000
CancerIQ

Chicago, Illinois, United States

CancerIQ provides a precision prevention platform that empowers community-based providers to prevent cancer.

Health CareInformation TechnologyMedical
Series BMar 3, 2022
Amount Raised: $14,000,000
Koneksa Health

New York, New York, United States

Koneksa Health is a healthcare data analytics company that helps researchers incorporate emerging technologies into their clinical studies.

AnalyticsBig DataHealth CareInformation Technology
Series CFeb 7, 2022
Amount Raised: $45,000,000