DFX Intelligence
Venture Capital Intelligence
Firms, funds, partners, companies and rounds from sworn filings, firm sites and announcements, kept as a graph with a date and a source on every edge. Facts, inferences and estimates are labelled as such. A fund target is never a close, GAV is never dry powder, and a round size is never an investor’s check.
Firms / Health Velocity Mgmt LLC
Health Velocity Mgmt LLC
Institutional venture firmSan Mateo, CAhealthvelocitycap.comSEC venture capital fund adviserone firm, 2 filing advisers
This firm files as 2 advisers on healthvelocitycap.com: HVC Management Co., 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.
We invest exclusively in innovative healthcare software and services businesses. Let
venture manager, reported GAV $618M across 6 vehicles
Importance
34
moderate
Active deployment
36
elevated
Emerging
0
low
Completeness
69
high
Freshness
100
high
Research priority
14
low
Identity and regulatory footprint
- Headquarters
- San Francisco, CAadviserinfo.sec.gov
- Office address
- ONE SANSOME STREET, STE 3650, San Francisco, CA, 94104adviserinfo.sec.gov
- Business phone
- 6506875000adviserinfo.sec.gov
- 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
- Mar 24, 2026
- Private funds reported
- 7 (7 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets
- $1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- business phone
- 6506875000adviserinfo.sec.govpublished by the subject
Stated thesis versus observed behaviour
3 observed deals
Stated (the firm’s website)
- Sectors
- not stated or not yet read
- Stages
- not stated or not yet read
- Geography
- not stated
- Check size
- not stated; DFX does not estimate checks from round sizes
Observed (from deals on record)
Stage at participation
series a 100%
Stage at first entry
series a 100%
Sectors
unknown 67%Other 33%
lead rate 100%follow-on rate 0%new logos, 12 months 3
Funds and vehicles
6 reported, 1 no longer reported
| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Health Velocity Capital IVX Special Situation Fund, L.P. | Fund | 2024 form d first sale | Early deployment | unknown | unknown | $56.9M of $56.9M | May 2, 2024 |
| Health Velocity Capital II Executive Network Fund, LP | Fund | 2022 adv first reported | Active deployment | $14.7M Oct 1, 2024 | 97 | $0 of $15.0M | Apr 8, 2021 |
| Health Velocity Capital II, LP | Fund | 2021 form d first sale | Mature | $279M Oct 1, 2024 | 60 | $285M of $285M | Dec 13, 2021 |
| Health Velocity Capital 2020 Ivy-Spv, LLC | SPV or co-invest vehicle | 2020 name year | Mature | $3.2M Oct 1, 2024 | 3 | unknown | unknown |
| Health Velocity Capital I, L.P. | Fund | 2017 form d first sale | Harvest | $302M Oct 1, 2024 | 32 | $176M of $176M | Nov 9, 2018 |
| Health Velocity Capital I Executive Network Fund, L.P. | Fund | unknown | Unknown | $18.8M Oct 1, 2024 | 59 | unknown | unknown |
| Health Velocity Capital I Ivy-Spv, LLC | SPV or co-invest vehicle | 2019 adv first reported | Wound down | $368,825 Mar 29, 2022 | 2 | unknown | unknown |
GAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.
Investment team
4 current, 0 departed
Martin R Felsenthal
Managing partnerManaging Member · since Jun 1, 2017
Saurabh Bhansali
Managing partnerManaging Partner
Bruce Curtis Crosby
PartnerExecutive Officer · since Jun 1, 2017
Saurabh Bhansali
PartnerExecutive Officer · since Dec 1, 2021
Investments on record
3 edges, 3 companies, 1 partner-attributed
| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| Ours Privacy | Series A · Series A | lead | unknown | $15.0M | unknown | Aug 19, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| ProCode Inc. | Funding round | lead | unknown | $10.0M | unknown | Jul 28, 2026 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
| SureCo | Series A · Series A | lead | Saurabh Bhansali (confirmed) | $23.0M | unknown | Sep 30, 2025 | Fact Press release wires (Business Wire, PR Newswire, GlobeNewswire public RSS) |
“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.
Co-investors
7 relationships from shared deals, counted for the whole firm
TMV 1 shared · one time · we led 1Starfire Ventures 1 shared · one time · we led 1Lightbank 1 shared · one time · they led 1 · we led 1Switch Venture Management, LLC 1 shared · one time · we led 1Lakehouse Ventures, LLC 1 shared · one time · we led 1Greymatter Capital 1 shared · one time · we led 1National Venture Development 1 shared · one time · we led 1
Limited partners
0 disclosed
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.
Timeline
10 dated events
- Sep 15, 2026Health Velocity Mgmt LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $618M across 6 vehicles)Classification changedClassificationInferenceno URL
- Mar 30, 2023Health Velocity Capital I Ivy-Spv, LLC no longer reported on Form ADV by Health Velocity Mgmt LLCFund no longer reportedFundsInferenceHealth Velocity Capital I Ivy-Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Health Velocity Capital II Executive Network Fund, LP first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $15,233,703Fund first reported on Form ADVFundsFactHealth Velocity Capital II Executive Network Fund, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 29, 2022Health Velocity Capital II, LP first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $289,467,433Fund first reported on Form ADVFundsFactHealth Velocity Capital II, LPSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Dec 1, 2021Saurabh Bhansali joined Schedule A of Health Velocity Mgmt LLC as Executive Officer
- Mar 31, 2021Health Velocity Capital 2020 Ivy-Spv, LLC first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $2,375,402Fund first reported on Form ADVFundsFactHealth Velocity Capital 2020 Ivy-Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Mar 28, 2019Health Velocity Capital I Ivy-Spv, LLC first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $9,336,480Fund first reported on Form ADVFundsFactHealth Velocity Capital I Ivy-Spv, LLCSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 17, 2017Health Velocity Mgmt LLC first filed Form ADV (ERA, venture capital fund adviser exemption)First SEC adviser filingOrganizationFactSEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 17, 2017Health Velocity Capital I Executive Network Fund, L.P. first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $5,625,000Fund first reported on Form ADVFundsFactHealth Velocity Capital I Executive Network Fund, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
- Aug 17, 2017Health Velocity Capital I, L.P. first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $69,900,000Fund first reported on Form ADVFundsFactHealth Velocity Capital I, L.P.SEC Form ADV filing data 2011 to 2024 (every filing, Schedule D 7.B.(1) private funds, Schedules A/B)
Classification history
- Sep 15, 2026Institutional venture firm (confirmed, 95%, cls-1)venture manager, reported GAV $618M across 6 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $22.0M across 3 vehicles
- Sep 12, 2026Micro VC (confirmed, 95%, cls-1)venture manager, reported GAV $22.0M across 2 vehicles
Evidence
49 observations from 3 sources