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The Venture Codex

HLM Venture Partners

116 Huntington Avenue 9th Floor, Boston, Massachusetts, 02116, United States

Overview

Venture capital firm investing in emerging health care companies.

Founded

1983

Deals ยท 12mo

1

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series C

Geographic focus

United States

Sector focus

Health Care
Information Technology
Medical Device

Investment portfolio

58rounds
NAMEDATESIZE
Tebra
Dec 2025Participated
$250 MOther Equity
Yuvo Health
Jun 2023Participated
$20 MSeries A
Censinet
Jan 2023Participated
$9 MOther Equity
Array Behavioral Care
Jan 2023Participated
$25 MOther Equity
Hazel Health
Oct 2022Participated
$52 MSeries C
Tebra
Jul 2022Participated
$72 MOther Equity
Wayspring
Sep 2021Participated
$75 MOther Equity
axialHealthcare
Sep 2021Participated
$75 MOther Equity
b.well Connected Health
Jul 2021Led
$32 MSeries B
LetsGetChecked
Jun 2021Participated
$150 MSeries D
Carevive Systems
Feb 2021Participated
$18 MSeries C
PatientPop
Aug 2020Led
$50 MSeries C
Tebra
Dec 2025Participated
$250 MOther Equity
Yuvo Health
Jun 2023Participated
$20 MSeries A
Censinet
Jan 2023Participated
$9 MOther Equity
Array Behavioral Care
Jan 2023Participated
$25 MOther Equity
Hazel Health
Oct 2022Participated
$52 MSeries C
Tebra
Jul 2022Participated
$72 MOther Equity
Wayspring
Sep 2021Participated
$75 MOther Equity
axialHealthcare
Sep 2021Participated
$75 MOther Equity
b.well Connected Health
Jul 2021Led
$32 MSeries B
LetsGetChecked
Jun 2021Participated
$150 MSeries D
Carevive Systems
Feb 2021Participated
$18 MSeries C
PatientPop
Aug 2020Led
$50 MSeries C
58
Items
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Insights

Time horizon

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Deal Distribution

HLM Venture Partners: 58 funding rounds are recorded in the selected participation categories.All available history.
HLM Venture Partners: 58 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Series A43
Series B22
Series C+617
Other Equity816

Monthly Deal Activity

HLM Venture Partners: 58 deals are recorded across 213 months.All available history.
HLM Venture Partners: 58 deals are recorded across 213 months. All available history
MonthDeals
Feb '091
Mar '090
Apr '090
May '090
Jun '090
Jul '090
Aug '090
Sep '090
Oct '090
Nov '090
Dec '091
Jan '100
Feb '101
Mar '101
Apr '101
May '101
Jun '100
Jul '100
Aug '100
Sep '100
Oct '100
Nov '100
Dec '101
Jan '111
Feb '110
Mar '110
Apr '110
May '110
Jun '110
Jul '111
Aug '110
Sep '113
Oct '111
Nov '110
Dec '110
Jan '120
Feb '120
Mar '120
Apr '120
May '120
Jun '121
Jul '120
Aug '120
Sep '121
Oct '120
Nov '120
Dec '120
Jan '131
Feb '130
Mar '130
Apr '130
May '130
Jun '131
Jul '130
Aug '131
Sep '131
Oct '130
Nov '130
Dec '130
Jan '140
Feb '141
Mar '140
Apr '141
May '140
Jun '141
Jul '140
Aug '140
Sep '141
Oct '141
Nov '140
Dec '140
Jan '150
Feb '152
Mar '150
Apr '150
May '151
Jun '151
Jul '150
Aug '150
Sep '150
Oct '151
Nov '150
Dec '150
Jan '162
Feb '160
Mar '160
Apr '161
May '160
Jun '160
Jul '160
Aug '160
Sep '160
Oct '161
Nov '160
Dec '160
Jan '170
Feb '170
Mar '170
Apr '171
May '170
Jun '171
Jul '170
Aug '171
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '181
May '181
Jun '181
Jul '180
Aug '181
Sep '180
Oct '180
Nov '181
Dec '180
Jan '190
Feb '190
Mar '190
Apr '191
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '201
Apr '200
May '201
Jun '200
Jul '201
Aug '202
Sep '200
Oct '200
Nov '200
Dec '200
Jan '210
Feb '211
Mar '210
Apr '210
May '210
Jun '211
Jul '211
Aug '210
Sep '212
Oct '210
Nov '210
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '221
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '232
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '240
Feb '240
Mar '240
Apr '240
May '240
Jun '240
Jul '240
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '251
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

HLM Venture Partners: Health & Life Sciences is the largest displayed sector by deal count (55 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

HLM Venture Partners: Health & Life Sciences is the largest displayed sector by deal count (55 deals). All available history
SectorDeals
Health & Life Sciences55
Enterprise Software10
Professional Services9
Data, Analytics & IT8
Cybersecurity & Privacy6
Networks, Cloud & Communication6
AI & Machine Learning4
Fintech3
Media & Entertainment3
Marketing & Advertising2
Education & Workforce1
E-Commerce & Retail1
AR/VR1
Space & Frontier Tech1
Consumer & Lifestyle1
Manufacturing1
Food & Agriculture1
Social & Community Platforms1
Developer Tools1

Deal Size Distribution

HLM Venture Partners: 58 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

HLM Venture Partners: 58 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M3
$5M-$10M11
$10M-$25M24
$25M-$50M9
$50M-$100M8
$100M-$250M2
$250M-$500M1
$500M-$1B0
$1B+0

Deals By Geography

HLM Venture Partners: United States has the largest recorded deal count among the displayed regions (55 deals).All available history.

Top 2 of 2 regions; European countries are grouped as Europe.

HLM Venture Partners: United States has the largest recorded deal count among the displayed regions (55 deals). All available history
RegionDeals
United States55
913673
HLM Venture Partners: 20 co-investors are shown, with Excel Venture Management sharing 8 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

HLM Venture Partners: 20 co-investors are shown, with Excel Venture Management sharing 8 recorded deals. All available history
Co-investorShared deals
Excel Venture Management8
LRVHealth7
OCA Ventures7
BlueCross BlueShield Venture Partners6
Sandbox Industries6
.406 Ventures5
Optum Ventures5
Transformation Capital5
Cardinal Partners4
Centene Corporation4
Commonfund4
Flare Capital Partners4
Merck4
Trident Capital4
Heritage Group3
Kaiser Permanente Ventures3
MemorialCare3
Norwest Venture Partners3
Polaris Partners3
Toba Capital3

Investment Strategy

HLM Venture Partners: Led accounts for 34% and participating for 66% of round participation.All available history.
HLM Venture Partners: Led accounts for 34% and participating for 66% of round participation. All available history
CategoryDeals (count)Share (%)
Led2034%
Participating3866%
HLM Venture Partners: Single-lead accounts for 60% and co-led for 40% of lead dynamics.All available history.
HLM Venture Partners: Single-lead accounts for 60% and co-led for 40% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1260%
Co-led840%

Team

Brian Forst

Healthcare Investor

Chris Nicholson

Entrepreneur in Residence

Ed Cahill

Managing Partner

Enrico Picozza

Partner

Mike Wong

Chief Financial Officer

Peter Grua

Partner

Steven Tolle

General Partner

Vincent J. Fabiani

Partner