Seattle, Washington, United States 1-10 Venture Capital www.providenceventures.org/ 17,614
Industries Asset ManagementBusiness DevelopmentFinancial ServicesHealth CareVenture CapitalHeadquarters Regions Greater Seattle Area, West Coast, Western US Founded Date 2014 Operating Status Active Hub Tags Crunchbase Venture Program
Investor Type Venture Capital Number of Exits
Company Type For Profit
Phone Number (858) 279-1000
Providence Ventures generally targets mid-to late-stage venture investments across Healthcare IT, MedTech, and tech-enabled services. Over the life of an investment, they seek to deploy $8 to $15 million. Their best opportunities to add value are investments that align the interests of their portfolio companies and the innovation priorities of
Providence Health & Services, through broad solution deployment and strategic insight. The innovation opportunities PHS targets as a large health system tend to reflect the priorities of the US health system overall. They welcome the opportunity to partner with established venture funds as co-investors, however, syndication is not a prerequisite for their participation.
Providence Ventures is founded in 2014 which manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), one of the largest integrated health systems in the US. The company's​ mission is to achieve venture and growth equity class returns through direct investments in innovative healthcare companies that improve health outcomes, lower costs, and enhance the experience of our patients and caregivers. It offers investment capital, combined with health system expertise, to companies addressing existing and emerging pain points in healthcare. Providence Ventures partners with our portfolio companies to refine existing solutions, while expanding their adoption within and beyond our health system.