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The Venture Codex

Innosphere Ventures

320 East Vine Drive, Suite 101, Fort Collins, CO, 80524, United States

Overview

Innosphere Ventures accelerates the success of science and technology-based startups and emerging companies with a commercialization program and operates a seed stage venture capital fund. As Colorado’s leading incubation program, Innosphere’s program focuses on ensuring companies are investor-ready, connecting founders with experienced advisors and early hires, making introductions to corporate partners, exit planning, and accelerating top line revenue growth. https://innosphereventures.org/ Innosphere has been supporting startups for 22 years and is a non-profit 501(c)(3) organization with a strong mission grow Colorado’s entrepreneurship ecosystem.

Total investments
3
Lead investments
2
Investments · 12mo
1
Active investors
3

Sector focus

  • B2B
  • Clean Energy
  • FinTech
  • Medical
  • Smart Cities
  • Transportation
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Investment portfolio

  • RedDrop Dx

    Led · Seed · Dec 2025

    RedDrop Dx is a medical device company focused on solving the blood-collection bottleneck in telehealth and decentralized diagnostics. Its FDA-cleared flagship product, the RedDrop ONE lancet, lets patients collect up to one milliliter of capillary blood into a standardized, automation-compatible tube without a phlebotomist. Because the tube is compatible with high-throughput laboratory automation, partner labs can process remote samples without redesigning workflows or sacrificing quality. The company collaborates with clinical laboratories, telehealth providers, life-science firms, and decentralized clinical-trial organizations to enable population-scale testing and chronic-disease monitoring. Proceeds from its latest financing will be used to expand manufacturing capacity, accelerate commercial partnerships, and advance platform development for decentralized clinical trials and telehealth diagnostics. Headquartered in Fort Collins, Colorado, RedDrop Dx aims to become the industry standard infrastructure for scalable at-home blood collection. The company’s financial position has been strengthened by an oversubscribed $5 million seed round led by institutional and strategic investors.

  • VirtualZ Computing

    Participated · Seed · Dec 2023

    VirtualZ Computing is a Minneapolis, MN-based software company that connects mainframes to hybrid cloud to enable bi-directional, real-time data access. Its flagship product Lozen is available now and lets hybrid cloud, SaaS, distributed and custom applications gain read-write access to mainframe data without moving it, installing in minutes and running on the zIIP engine. PropelZ, also available today, creates one-time copies of mainframe data for experimentation or analysis in hybrid cloud environments at a fraction of legacy ETL costs. Zaac is planned for Q1 2024 and will provide mainframe applications with real-time, read-write access to external data sources including hybrid cloud, physical storage and SaaS. The company is woman-founded and woman-led by founder and CEO Jeanne Glass. It raised additional funding to support expansion of operations and business reach.

  • Heads Up Health

    Led · Seed · Aug 2021

    Heads Up Health builds a digital health analytics platform that integrates clinical, lifestyle, nutritional and self-collected data to provide personalized analytics and insights. Its toolset combines analytics with patient engagement and remote monitoring features and integrates with a range of consumer sensors, wearables and lab test providers. The platform is described as HIPPA-compliant and connects with devices like Dexcom, Apple Watch, Oura ring, Withings and Garmin, plus lab partners such as Quest Diagnostics, Everlywell and Labcorp. Heads Up aims to improve individual outcomes while reducing healthcare system costs by enabling individuals to self-monitor at home and share data with clinicians and care teams. The company plans to use the new capital to accelerate enterprise capabilities, grow its health data analytics feature set, and scale into remote patient monitoring to capture telemedicine and new reimbursement opportunities. Operating traction includes implementation by over 40,000 individual users in more than 60 countries. Heads Up Health offers a cloud-based, HIPPA-compliant SaaS platform that instantly compiles and organizes complete medical histories using data from wearables, genomics, labs, and electronic health records. The platform integrates advanced sensors and wearables (Apple Watch, Oura Ring, DEXCOM) and major EHR/lab portals (Quest Diagnostics, Labcorp, Everlywell), and is available as both web and mobile apps. Practitioners and patients use the product to track goal progress and improve health outcomes across verticals including functional, integrative and concierge medicine, direct primary care, dieticians, nutritionists, and wellness coaches. The company reports its platform has been implemented by over 30,000 individual users in more than 60 countries. Heads Up plans to use the investment to add enterprise-level capabilities, increase remote patient monitoring (RPM) billing features, enhance mobile app functionality, and grow its sales team.

Team