Founded in 2008 and based in Chicago, Illinois, the Blue Venture Fund is a unique collaboration between Blue Cross Blue Shield (BCBS) companies and Sandbox. Thirty-five BCBS companies have committed over $890 million across four funds. The Blue Venture Fund invests in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield companies and provides the portfolio with access to BCBS companies to deploy innovation at scale. Sandbox is an independent company that provides healthcare-related investment management exclusively for the Blue Venture Fund.