Echo Health Ventures LLC

Corporate ventureSEC venture capital fund adviser· Durham, North CarolinaECHOHEALTHVENTURES.COM

Echo Health Ventures invests to build and grow great health care companies.

In the firm's own words, from its website.

Reported fund assets
$518M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
1
Investment team
13
Latest vintage
2022
Contact decision makers
More
Ask DFX about thisView relationshipsFind contactsInvestments (16)Team (30)Funds
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

20 additional team members, 20 additional co-investors and affiliates, 13 additional investments, funds and LPs, 2 verified contacts (2 firm phone)

Every relationship, signal and contact on this record, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What matters now

  1. 1 company
    portfolio raising

    One portfolio company has new financing on record in 6 months without this firm named on the round; the latest on 14 May 2026 ($17.5M round).

    A portfolio company raising again is a follow-on decision for the firm and a co-investment opening for others.

    FactPress release wires (PR Newswire, GlobeNewswire)For Co-investors, LPs, lendersInvestments →
  2. 4 deals
    with Town Hall Ventures

    Invests most often alongside Town Hall Ventures (4 shared deals) and Salesforce Ventures (2 shared deals).

    pair last observed on record 30 Sep 2026, not a deal date · The firms it syndicates with are the likeliest to see the same deals and to fill out its rounds.

    Measuredshared rounds and portfolio companies on recordFor Founders building a round, co-investorsCo-investors →

People to know

View all people
  • Dusty Lieb
    Managing Partner & Head of Investments
    Why: Managing partner: runs the firm
    No route on file yet
  • Jessica A. Zeaske
    Managing Partner, Strategic Investment
    Why: Managing partner: runs the firm
    No route on file yet
  • Kurt Sheline
    Partner, Strategic Investment
    Why: Partner: part of the investment decision
    No route on file yet

Relationship network

60 connected entities4 observed rounds2 repeat counterparties3 dated rounds shown here, 2020 to 2022

From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person

Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

How am I connected?

Name your firm, a company or a person, and DFX finds the published routes to Echo Health Ventures LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.

See how you connect to Echo Health Ventures LLC

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Investing

16 companies on record, 1 new in 12 months
Investments on record
16 companies, 4 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Abacus Insights, Inc.portfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Avalonportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Dispatch Healthportfolio listingunknownunknownunknownunknownSep 30, 2026Fact Firm website
Stated thesis versus observed behaviour
18 observed deals
Stated (the firm’s website)
Sectors
healthcare, consumer, climate
Stages
growth
Geography
boston, seattle, tennessee
Check size
not stated; DFX does not estimate checks from round sizes
Self-described
venture capital
Observed (from deals on record)
Stage at participation: no observed deals yet
Stage at first entry: no observed deals yet
Industries, each company once
Hardware and deep tech, Software or Tech-enabled and IT services (2)Healthcare services (2)
lead rate no observed dealsfollow-on rate 50%new companies, 12 months 1

Team

30 current, 2 departed
Decision makers
who to call first, and why; then everyone else by function
  • Dusty Lieb · Managing Partner & Head of Investments
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Jessica A. Zeaske · Managing Partner, Strategic Investment
    Why this person: Managing partner: runs the firm; Named with investment responsibility
  • Kurt Sheline · Partner, Strategic Investment
    Why this person: Partner: part of the investment decision; Named with investment responsibility

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

Investment team
30 current, 2 departed
  • Dusty Lieb
    Managing Partner & Head of Investments · 1 deal attributed
  • Jessica A. Zeaske
    Managing Partner, Strategic Investment · 1 deal attributed
  • Kurt Sheline
    Partner, Strategic Investment · 2 deals attributed
Contacts
2 firm phone

2 firm phone on record, each with its source. Values open with the complete profile.

Funds and LPs

2 vehicles, 0 LPs disclosed
Funds and vehicles
2 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Echo Health Investments LLCFund2022 adv first reportedActive deployment$262M
Jun 15, 2026
1unknownunknown
Echo Innovation Alliance LLCFund2021 form d first saleFundraising$256M
Jun 15, 2026
4$207MJan 21, 2026
Echo Health Ventures LLCFund2021 adv first reportedWound down$342M
Mar 31, 2021
2unknownunknown
Limited partners
0 LPs, 0 disclosed commitments
No LP commitment on record. An LP edge needs a public disclosure with a quote: a pension report (see Limited partners for the plans read), a fund announcement naming the LP, or a Form ADV owner. The fund page carries the LP’s reported performance.
Known LPs and allocators
0 relationships across the firm's funds, from public pensions and the allocator graph
No allocator names this firm or its funds in a public disclosure DFX holds.

Relationships across DFX

18 co-investors · on 1 other DFX graph
Co-investors
18 counted from shared deals, for the whole firm
Across DFX and the capital chainon 1 other DFX graph Show
Across DFX
  • The same institution is held on RIA and Wealth, matched by identifier. See which records
Across the graphs

Echo Health Ventures LLC is the same institution as 1 record in RIA and Wealth.

RIA and Wealth1

The joined record opens with the product, beside every other relationship on this page.

Checking your plan…

Evidence and history

4 dated events, 67 observations from 3 sources
Timeline
4 dated events
  1. Mar 30, 2022
    Echo Health Investments LLC first reported on Form ADV by Echo Manager LLC (Venture Capital Fund), GAV $462,900,000
    Fund first reported on Form ADVFundsFactEcho Health Investments LLCForm ADV
  2. Mar 30, 2022
    Echo Health Ventures LLC no longer reported on Form ADV by Echo Manager LLC
    Fund no longer reportedFundsInferenceEcho Health Ventures LLCForm ADV
  3. Mar 1, 2021
    Echo Manager LLC first filed Form ADV (ERA, venture capital fund adviser exemption)
    First SEC adviser filingOrganizationFactForm ADV
  4. Mar 1, 2021
    Echo Innovation Alliance LLC first reported on Form ADV by Echo Manager LLC (Venture Capital Fund)
    Fund first reported on Form ADVFundsFactEcho Innovation Alliance LLCForm ADV
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jun 15, 2026 · 2 private fundsShow
Headquarters
Durham, NCadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.sec.gov
Website
ECHOHEALTHVENTURES.COM
SEC adviser type
Exempt reporting adviseradviserinfo.sec.gov
SEC exemption claimed
Venture capital fund adviseradviserinfo.sec.govItem 2.B(1): advises solely venture capital funds
Latest Form ADV
Jun 15, 2026
Private funds reported
2 (2 venture capital funds)adviserinfo.sec.gov
Private fund gross assets, adviser total
$518Madviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
Owners on Schedule A
Cambia Health Solutions, Inc. (Member), owns 50% to 75%; Regence Insurance Holding Corporation (Sole Member), owns 75% or more; Regence Blueshield (Member), owns 25% to 50%
Classification history
Every classification this record has carried1 on recordShow
  1. Sep 12, 2026
    Corporate venture (confirmed, 95%)
    Corporate parent: Regence Insurance Holding Corporation
Evidence
76 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedJun 15, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserJun 15, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserJun 18, 2024FactForm ADV
SEC adviser typeExempt reporting adviserJun 15, 2026FactForm ADV
SEC adviser typeExempt reporting adviserJun 15, 2026FactForm ADV
SEC adviser typeExempt reporting adviserJun 18, 2024FactForm ADV
First Form ADV filing2021-03-01Jun 15, 2026FactForm ADV
First Form ADV filing2021-03-01Jun 18, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-29Sep 30, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-25Sep 26, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-23Sep 24, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-21Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-22Sep 23, 2026FactForm ADV
Adv history loadedadv-hist-1Sep 12, 2026FactForm ADV
Latest Form ADV filing2026-06-15Jun 15, 2026FactForm ADV
Latest Form ADV filing2026-06-15Jun 15, 2026FactForm ADV
Latest Form ADV filing2024-06-18Jun 18, 2024FactForm ADV
SEC statusERA - ActiveJun 15, 2026FactForm ADV
SEC status effective2021-03-01Jun 15, 2026FactForm ADV
Venture share of reported funds1Jun 15, 2026FactForm ADV
Venture share of reported funds1Jun 18, 2024FactForm ADV
Business phoneJun 15, 2026FactForm ADV
Business phoneJun 18, 2024FactForm ADV
Contact page urlSep 30, 2026Factno URL
Contact page urlSep 16, 2026Factno URL
DescriptionSep 30, 2026Factno URL
DescriptionSep 16, 2026Factno URL
DescriptionSep 13, 2026Factno URL
HeadquartersDurham, NCJun 15, 2026FactForm ADV
HeadquartersDurham, NCJun 18, 2024FactForm ADV
Office addressJun 15, 2026FactForm ADV
Office addressJun 18, 2024FactForm ADV
Self-described typeVenture capitalSep 30, 2026Factno URL
Self-described typeVenture capitalSep 16, 2026Factno URL
Self-described typeVenture capitalSep 13, 2026Factno URL
Legal formLimited Liability CompanyJun 15, 2026FactForm ADV
Legal formLimited Liability CompanyJun 18, 2024FactForm ADV
Portfolio pageSep 30, 2026Factno URL
Portfolio pageSep 16, 2026Factno URL
Portfolio pageSep 13, 2026Factno URL
Private funds reported2Jun 15, 2026FactForm ADV
Private funds reported2Jun 15, 2026FactForm ADV
Private funds reported2Jun 18, 2024FactForm ADV
Private fund gross assets (reported)$518MJun 15, 2026FactForm ADV
Private fund gross assets (reported)$518MJun 15, 2026FactForm ADV
Private fund gross assets (reported)$531MJun 18, 2024FactForm ADV
Schedule a diffsadiff-1Jun 15, 2026FactForm ADV
Stated geographyBoston, seattle, tennessee
“geography words on the home page”
Sep 30, 2026Factno URL
Stated geographyBoston, seattle, tennessee
“geography words on the home page”
Sep 16, 2026Factno URL
Stated geographyBoston, seattle, tennessee
“geography words on the home page”
Sep 13, 2026Factno URL
Stated sectorsHealthcare, consumer, climate
“sector words on the home page”
Sep 30, 2026Factno URL
Stated sectorsHealthcare, consumer, climate
“sector words on the home page”
Sep 16, 2026Factno URL
Stated sectorsHealthcare, consumer, climate
“sector words on the home page”
Sep 13, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 30, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 16, 2026Factno URL
Stated stagesgrowth
“stage words on the home page”
Sep 13, 2026Factno URL
Team pageSep 30, 2026Factno URL
Team pageSep 16, 2026Factno URL
Team pageSep 13, 2026Factno URL
Venture funds reported2Jun 15, 2026FactForm ADV
Venture funds reported2Jun 15, 2026FactForm ADV
Venture funds reported2Jun 18, 2024FactForm ADV
WebsiteJun 15, 2026FactForm ADV
WebsiteJun 18, 2024FactForm ADV
Site titleSep 30, 2026Factno URL
Site titleSep 16, 2026Factno URL
Site titleSep 13, 2026Factno URL
How this is scored
Scores, classification basis and filing advisersCorporate venture, confirmed · 2 filing advisers share this firmShow
Importance
47
elevated
Active deployment
0
low
Emerging
0
low
Freshness
100
high
Corporate ventureSEC exempt reporting adviser

Corporate parent: Regence Insurance Holding Corporation

This firm files as 2 advisers on echohealthventures.com: Echo Health Ventures LLC. Each keeps its own CRD, funds and filings; the grouping is the website each swore to on Form ADV and is recomputed every pass.

The inputs behind each score
importance
gav: $1 · funds: 0.25 · people: 0.52 · investments: 0.47 · co investors: 0.53
active deployment
investments 12m: 0 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 0 · latest investment at: not scored
emerging manager
fund count: 3 · reported gav: $518M · first adv filing: 2021-03-01 · years since first filing: 5.6

Fits, record history and connections

scored matches for this investor, every identity change, every edge

Fits

1 scored match, best firstas of
  • score 33.6confidence 90%
    Why: sector fit; geography fit; analogous
    Watch: adjacent portfolio

Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.

Record history

1 dated event on the change ledger, latest event first
  • Adviser's first ADV filing
    2021-03-01source on record

The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.