• We're a seed stage fund focused on digital health technologies. We invest in infrastructural software that enables healthcare to scale.

     

     

  • ABOUT

    Enmi Kendall

    General Partner

     

    Enmi has invested in early-mid stage ventures for over 15 years, first as part of venture firms IDG Ventures and Boston Millennia Partners. Most recently, she invested as an angel in seed-stage digital health ventures.

     

    Besides investing, Enmi has worked with operating companies of varying sizes anchored around consumer marketing.  At NYTimes.com, Enmi focused on the revenue strategy of new digital products. That chapter highlighted the challenges that established companies must navigate amidst sectoral shifts - and how agile, focused startups can outpace even the biggest of head starts.

     

    Thereafter, Enmi founded a consumer email startup called replyforall that served both users and brand marketers. That chapter proved a non-stop lesson in the paramount importance of a founder’s surgical focus and ability to let go of preconceived notions and roadmaps. Enmi also tinkered as a vendor of e-books to get versed in affiliate marketing, a powerful channel of scalable customer acquisition. With such grounding, Enmi works with founders to quickly identify success metrics relevant to both operations and investors.

     

    Life events irreversibly broadened Enmi’s healthcare investment focus. Originally focused on wellness and fitness ventures as a healthcare angel, a car accident while pregnant spurred a hard shift. A protracted diagnostic odyssey and treatment for subsequent nerve pain crystallized the acute need for the entire healthcare value chain to be revamped. Starting Healthy Ventures is her answer for a call to arms to more expansively explore what healthcare should, and can, be. Enmi is committed to bringing empathetic ears and work-ready hands to fortify the entrepreneurs rising to this challenge.

     

    Enmi graduated from Harvard University with an AB in Government and Wharton with an MBA with a concentration in Marketing.

     

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    Anya Schiess

    General Partner
     
    Anya’s favorite part of investing is working with entrepreneurs to market-proof ideas, identify early customers, and solve problems during the inevitable pivots along the way.  

    Prior to co-founding Healthy Ventures, Anya led strategy and business development for Cardinal Health's medical services, distribution, and laboratory businesses. Spending most of her time on tech-enabled healthcare services, Anya became convinced that now was the right time to invest in early stage opportunities at the intersection of health and information technology. The convergence of consumerism, changing care delivery models, and digitization is creating the perfect storm for disruption. This generation's winners are being created now.
     
    Prior to Cardinal Health, Anya was a venture capitalist at Thomas, McNerney & Partners, where she focused on life sciences, mostly in later-stage opportunities. She invested and was a board director or observer in: Virdante Pharma (acquired by Momenta Pharma, Invitae Corp (NYSE: NVTA), Celator Pharma (NASDAQ: CPXX), and Innopharma Inc (acquired by Pfizer Inc). At Thomas, McNerney, Anya saw and participated in the emerging 'digital health’ sector, initially investing in the rise of the genomics services subsector.
     
    Before entering the investing arena, Anya held several sales and marketing leadership roles at Medtronic across the globe and worked with terrific teams to launch neurological, cardiovascular, and cardiac rhythm products. Prior experiences similarly centered around healthcare: implementing HIV/AIDS programs and negotiating contracts with large Asian factories for The Clinton Foundation, consulting with McKinsey as a member of the Pharmaceutical & Medical Products and Corporate Finance & Strategy practices, and working as part of the Piper Jaffray biotechnology equity research team. Prior to it all, she joined a seed-stage startup developing “smart” braces to help patients recover faster following orthopedic surgery.  
     
    Anya earned a BA cum laude from Princeton University and an MBA with honors from The Wharton School at the University of Pennsylvania.
     
  • HOW WE INVEST

    We invest in infrastructural solutions that enable technologies to scale healthcare. These are often enterprise- and developer-facing products.

     

    Broadly speaking, our investment criteria maps to the intersection among:

    Management + Market size + Market readiness + Business model

     

    Every company's early strengths are distributed differently among these buckets, but we like to see each one at least represented.  

     

    Another thing we look for is tight near-term focus and extensibility. This is when entrepreneurs have a tight plan for a clear solution to a painful problem AND know how executing against that will position it as a deeper platform with even more tentacles of value creation. There's great potential in healthcare for many trojan horses: plentiful pain points allow for several entry points and the system's tight ecoystem offer natural adjacencies.  

     

    We support our partner founders by serving as management-extenders. There are only so many hours in a day and only so many days of the year. We've built a platform to help cheat the clock and boost both their day-to-day capacity and also the company's overall runway.

  • HOW WE HELP

    We actively work to help you:

    LAND those valuable first 1-2 pilot clients. We have established relationships throughout the healthcare system with actual line managers and internal champions, the right people to listen to your proposals and sign those LOI's and contracts. This is a short, finely curated list of dynamic workhorse managers (director and VP-levels) who are the relevant decision-makers in organizations to assess how your solution can be implemented.


    BUILD out your small ninja team. We lean on our own differentiated rolodexes to un-silo talent pools, a happy side effect of having spent our careers in non-overlapping orbits. One thing we've seen over and over again is that there are distinct silos of talent depending on the company's founding.

     

    For example, a team with strong product and design sensibilities, more typically found among former consumer tech entrepreneurs, will often lack an adequately deep healthcare perspective. Vice versa, often with clinician founded teams, they would be well-served by augmenting with product-centric and marketing talent. Human-centered design in an enterprise software for doctors would turn serious heads. We use our networks which inherently straddle both worlds to help identify those key first hires that will round out a team's inevitably weaker functional areas.


    TRANSLATE idiosyncratic healthcare problems into actual business solutions that matter. It's hard to know if a seeming problem in healthcare is impactful enough to amount to a real business. There are paradigms and paradoxes of healthcare that can confound many entrepreneurs, even seasoned ones.

     

    Without having been in it for decades, it's hard to know if anyone in the targeted healthcare segment will embrace a proposed solution and/or if there's any way to actually make money with it. With a multi-faceted operational and investor perspective on healthcare, we cross-reference your early hypotheses against the particularly tricky realities of healthcare.


    STRENGTHEN your chances for follow-on funding. We know how later stage investors think because both of us have spent meaningful time assessing later stage investments. We'll help you beat the odds that you, unlike 50-60% of seed stage ventures, will get your Series A done.

     

    Investors like to learn about a company's progress in certain ways because they have a certain perspective and agenda that need to be taken into account. Tapping into the muscle memory of our earlier lives, we'll help frame the investment narrative and present both past and future execution milestones in a way that's intuitive for follow-on investors.


  • INVESTMENTS

    Akido Labs

    Akido is solving a big problem in healthcare. The founding team got so frustrated with IT integration queues and data governance issues at hospitals that they started Akido. Akido provides a turn-key solution for application developers and hospitals to significantly compress the typically excruciating lag of working together.


    ClinCapture

    Therapeutics are getting more and more targeted. As a result, the number of small clinical trials performed each year is exploding. Whether it's pre-approval clinical trials or late-phase trials, the market is asking for modular electronic data capture systems with features that will enable real-world evidence generation. ClinCapture's team are experienced clinical trial software executives who have positioned ClinCapture to uniquely go after these rapidly expanding markets.


    CredSimple

    All healthcare begins with credentialing. Before a provider can deliver and bill for any health care services, they must be credentialed by the practice/hospital system and by the payer (insurance company). This tedious and repetitive process is most often completed manually. As care delivery is expanding to applications (e.g., diabetes apps, telemedicine, doctor housecalls), the number of entities that need help credentialing is exploding. CredSimple's automated credentialing solution helps everyone stay up-to-date at a fraction of the cost.


    CrossChx

    Resolving patient identities is a big problem for healthcare systems and is a major barrier for system interoperability. Patient names get misspelled or numbers transposed, resulting in multiple un-linked records for the same individual within the same system, or un-linkable records across institutions. Fragmented records lead to administrative headaches and sub-optimal care. As former military intelligence officers, the founders of CrossChx have spent their career resolving identities. The CrossChx platform already powers a large part of our healthcare system and could be the pervasive identity layer.


    HealthCrowd

    Health plans and providers have a hard time engaging with patients in an effective way. HealthCrowd uses the same best practices of multivariate optimization found in ad tech to power messaging on their behalf. HealthCrowd’s analytics identify the best mode and style of communication to get messages across which are important for people's well-being.


    HealthiPass

    Driven by high deductible plans and by a shift to co-insurance, patients are bearing more and more direct financial responsibility for healthcare payments. Currently, patients pay less than half they owe. HealthiPass's product allows patients to understand their obligation, pay, and create payment plans resulting in payment rates above 90%!


    One Codex

    As the price of genomic data decreases, its applications multiply. Yet, bio-informatics continues to be a bottleneck. One Codex focuses on the microbial genomics market and allows users to go from 'data to answer,' and 'answer to analysis' instantaneously. This is useful in chronic disease diagnostics, infectious disease, agriculture, and food and environmental safety.


    Parasail Health

    60 million Americans now have high-deductible health plans. Affording that deductible can be difficult and healthcare doesn't have a robust financing market for traditional medical expenses. Parasail changes that. Parasail makes healthcare affordable by working with doctors and hospitals to professionalize the lending process.


    Patch

    Patch removes the pain from the otherwise very painful process of submitting out-of-network claims to get reimbursed by your insurance company. This is possible because of the team's deep understanding of the technical and workflow friction points associated with both the claims adjudication and point of sale processes. Their solutions help all of us use our their insurance plan's offerings more robustly - with none of the typical hassle.


    PokitDok

    While working on price transparency, PokitDok's founding team recognized that the foundational transaction marketplace among patients, providers, and payers was outdated. The existing system could not scale with the growth of digital health, nor was it optimized for the pay-for-value evolution of healthcare. They built PokitDok to power the future of healthcare transactions.


    Sansoro Health

    Having a complete medical record is a foundational requirement to deliver good care and efficient workflow. Sansoro transforms the currently closed, silo-ed pools of electronic medical record (EMR) data into an open platform through an elegant set of web services. Their EMR-agnostic API's enable better healthcare for patients and optimal workflow for clinicians.


    Sensentia

    Over $250 billion of healthcare expense is wasted on excessive and inefficient administration annually. Sensentia reduces cost and improves effectiveness by automating healthcare administration with many consumer-facing products from payers and third-party apps such as chatbots.


    SolveBio

    Every company working in the human genome space must internally replicate the database of known genetic abnormalities. In addition, reproducibility of results remains an unmet need in clinical genomics. SolveBio addresses both through a scalable, on-demand variant curation service that enables companies and labs to massively scale their genomic medicine offerings. By combining a proprietary data harmonization engine with a global network of trained genomics experts, SolveBio delivers high-throughput, transparent, and reproducible sequence variant interpretation.


    SubjectWell

    Over 90% of clinical trials are plagued by costly time delays, driven mostly by how difficult it is to recruit the right patients. SubjectWell Inverts the broken patient recruitment paradigm. They tackle it by leveraging key lead-gen best practices to fundamentally change the economics of clinical trials.


    Wellthie

    Consumers increasingly have more choice in how and where they receive care. Picking the right healthcare insurance plan is an important, but often overwhelming, first step. Wellthie empowers insurance companies and brokers to provide a top-notch shopping experience to jumpstart their relationships with customers in the right way.


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