Health Velocity Mgmt LLC

Institutional venture firmSEC venture capital fund adviser· San Mateo, CaliforniaHEALTHVELOCITYCAP.COM

We invest exclusively in innovative healthcare software and services businesses. Let

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

Reported fund assets
$849M
sum of its funds' Form ADV filings, last 30 months
New companies, 12 mo
2
Investment team
5
Latest vintage
2024
As of · the latest observation of this organization; filed figures are as of its latest Form ADV

3 additional team members, 4 additional co-investors and affiliates, 4 additional investments, funds and LPs, 7 events, 1 verified contact (1 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. 2 companies
    new in 12 months

    2 new companies in the last 12 months. Latest round Ours Privacy Series A ($15M round, led) on 19 Aug 2026.

    A firm writing cheques this quarter is one a founder can pitch now.

    Factfunding announcements, Form D, the firm's portfolio pageFor Founders, co-investorsInvestments →
  2. 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 2 Jul 2026 ($9.5M sold on Form D).

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

    FactSEC Form D filingsFor Co-investors, LPs, lendersInvestments →

People to know

View all people
  • Executive Officer
    Why: Named with investment responsibility
    No route on file yet
  • Executive Officer
    Why: Named with investment responsibility
    No route on file yet
  • Managing Member
    Why: Named with investment responsibility
    No route on file yet

Relationship network

23 connected entities3 observed roundsrounds 2025 to 2026

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.

Reading the network
  • Sponsor
  • Company
  • Fund or vehicle
  • Person
›How strength and recency are read

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 Health Velocity Mgmt 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 Health Velocity Mgmt LLC

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

Investing

3 companies on record, 2 new in 12 months

Investments on record

3 companies, 1 partner-attributed
CompanyRoundRolePartnerRound sizeThis investorDateSource
Ours PrivacySeries A · Series Aleadunknown$15.0MunknownAug 19, 2026Fact Press release
ProCode Inc.Funding roundleadunknown$10.0MunknownJul 28, 2026Fact Press release
SureCoSeries A · Series AleadSaurabh Bhansali (confirmed)$23.0MunknownSep 30, 2025Fact Press release

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 companies, 12 months 2

Team

6 current, 0 departed

Decision makers

who to call first, and why; then everyone else by function
  • Saurabh Bhansali · Executive Officer
    Why this person: Named with investment responsibility; Led 1 round on record
  • Bruce Curtis Crosby · Executive Officer
    Why this person: Named with investment responsibility
  • Martin R Felsenthal · Managing Member
    Why this person: 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

6 current, 0 departed

Contacts

1 firm phone

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

Funds and LPs

6 vehicles, 0 LPs disclosed

Funds and vehicles

6 reported, 1 no longer reported
VehicleTypeVintageLifecycleReported GAVOwnersForm D soldLatest Form D
Health Velocity Capital IVX Special Situation Fund, L.P.Fund2024 form d first saleEarly deployment$105M
Mar 24, 2026
14$56.9M
of $56.9M
May 2, 2024
Health Velocity Capital II Executive Network Fund, LPFund2022 adv first reportedActive deployment$20.9M
Mar 24, 2026
98$0
of $15.0M
Apr 8, 2021
Health Velocity Capital II, LPFund2021 form d first saleMature$396M
Mar 24, 2026
60$285M
of $285M
Dec 13, 2021

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

2 relationships across the firm's funds, from public pensions and the allocator graph
AllocatorTypeFundAmountDateSource
Robert and Ardis James Foundation IncFOUNDATIONHealth Velocity Capital II, LP$923,394
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns
Robert and Ardis James Foundation IncFOUNDATIONHealth Velocity Capital I, L.P.$1.6M
fair value on the foundation's return
reported as of Dec 31, 2024Fact IRS Form 990 / 990-PF e-file returns

Relationships across DFX

7 co-investors · on 2 other DFX graphs

Co-investors

7 counted from shared deals, for the whole firm
  • 1 shared deal · one time · this firm led 1
    2026-08-19
  • 1 shared deal · one time · this firm led 1
    2026-08-19
  • 1 shared deal · one time · they led 1 · this firm led 1
    2026-08-19
Across DFX and the capital chainon 2 other DFX graphs · 1 capital path Show
Across DFX
  • The same institution is held on Allocators, RIA and Wealth, matched by identifier. See which records
Across the graphs

Health Velocity Mgmt LLC is the same institution as 2 records in Allocators and RIA and Wealth.

Allocators1RIA and Wealth1

DFX found 2 relationships across 2 datasets

Which record it is in each graph, what it is called there, and how the two were matched.

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

Checking your plan…

Capital chain

Health Velocity Mgmt LLC sits on 1 traced path of capital across the graphs.

Allocator commitments to a manager

DFX traced 1 path of capital through this record

Every record on each path, what it committed or lent, and as of when.

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

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Evidence and history

12 dated events, 63 observations from 3 sources

Timeline

12 dated events
  1. seen on or beforeSep 15, 2026
    Health Velocity Mgmt LLC: MICRO_VC -> INSTITUTIONAL_VC (venture manager, reported GAV $618M across 6 vehicles)
    Classification changedClassificationInference
  2. Mar 24, 2026
    Health Velocity Capital Ivx Special Situation Fund, L.P. first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $104,506,839
    Fund first reported on Form ADVFundsInferenceHealth Velocity Capital IVX Special Situation Fund, L.P.Form ADV
  3. Mar 24, 2026
    Health Velocity Capital III, LP first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $230,561,224
    Fund first reported on Form ADVFundsInferenceHealth Velocity Capital III, L.P.Form ADV
  4. Mar 30, 2023
    Health Velocity Capital I Ivy-Spv, LLC no longer reported on Form ADV by Health Velocity Mgmt LLC
    Fund no longer reportedFundsInferenceHealth Velocity Capital I Ivy-Spv, LLCForm ADV
  5. Mar 29, 2022
    Health Velocity Capital II Executive Network Fund, LP first reported on Form ADV by Health Velocity Mgmt LLC (Venture Capital Fund), GAV $15,233,703

Identity and regulatory footprint

Address, phone, Form ADV filing and ownersForm ADV filed Mar 24, 2026 · 7 private fundsShow
Headquarters
San Francisco, CAadviserinfo.sec.gov
Office address
unknownadviserinfo.sec.gov
Business phone
unknownadviserinfo.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, adviser total
$1.1Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder

Classification history

Every classification this record has carried4 on recordShow
  1. Sep 23, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $849M across 6 vehicles
  2. Sep 15, 2026
    Institutional venture firm (confirmed, 95%)
    Venture manager, reported GAV $618M across 6 vehicles
  3. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $22.0M across 3 vehicles
  4. Sep 12, 2026
    Micro VC (confirmed, 95%)
    Venture manager, reported GAV $22.0M across 2 vehicles

Evidence

64 observations from 3 sources
Every observation behind this profile, with its source, date and class
FactValueEffectiveClassSource
Why admittedVC exemption, VC funds reportedMar 24, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserMar 24, 2026FactForm ADV
SEC exemption claimedVenture capital fund adviserOct 1, 2024FactForm ADV
SEC adviser typeExempt reporting adviserMar 24, 2026FactForm ADV
SEC adviser typeExempt reporting adviserMar 24, 2026FactForm ADV
SEC adviser typeExempt reporting adviserOct 1, 2024FactForm ADV
First Form ADV filing2017-08-17Mar 24, 2026FactForm ADV
First Form ADV filing2017-08-17Oct 1, 2024FactForm ADV
Adv history loadedadv-hist-1+panel:2026-09-30Oct 1, 2026FactForm 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 filing2026-03-24Mar 24, 2026FactForm ADV
Latest Form ADV filing2026-03-24Mar 24, 2026FactForm ADV
Latest Form ADV filing2024-10-01Oct 1, 2024FactForm ADV
SEC statusERA - ActiveMar 24, 2026FactForm ADV
SEC status effective2017-08-17Mar 24, 2026FactForm ADV
Venture share of reported funds1Mar 24, 2026FactForm ADV
Venture share of reported funds1Oct 1, 2024FactForm ADV
Business phoneMar 24, 2026FactForm ADV
Business phoneOct 1, 2024FactForm ADV
Contact page urlSep 16, 2026Fact
DescriptionSep 16, 2026Fact
DescriptionSep 15, 2026Fact
HeadquartersSan Francisco, CAMar 24, 2026FactForm ADV
HeadquartersSan Mateo, CAOct 1, 2024FactForm ADV
Office addressMar 24, 2026FactForm ADV
Office addressOct 1, 2024FactForm ADV
Legal formLimited Liability CompanyMar 24, 2026FactForm ADV
Legal formLimited Liability CompanyOct 1, 2024FactForm ADV
Portfolio pageSep 16, 2026Fact
Portfolio pageSep 15, 2026Fact
Private funds reported7Mar 24, 2026FactForm ADV
Private funds reported7Mar 24, 2026FactForm ADV
Private funds reported5Oct 1, 2024FactForm ADV
Private fund gross assets (reported)$1.1BMar 24, 2026FactForm ADV
Private fund gross assets (reported)$1.1BMar 24, 2026FactForm ADV
Private fund gross assets (reported)$618MOct 1, 2024FactForm ADV
Schedule a diffsadiff-1Mar 24, 2026FactForm ADV
Team pageSep 16, 2026Fact
Team pageSep 15, 2026Fact
Venture funds reported7Mar 24, 2026FactForm ADV
Venture funds reported7Mar 24, 2026FactForm ADV
Venture funds reported5Oct 1, 2024FactForm ADV
WebsiteMar 24, 2026FactForm ADV
WebsiteOct 1, 2024FactForm ADV
Website resolved domainhealthvelocitycapital.comSep 16, 2026Fact
Website resolved domainhealthvelocitycapital.comSep 15, 2026Fact
Website resolved domainhealthvelocitycapital.comSep 14, 2026Fact
Site titleSep 16, 2026Fact
Site titleSep 15, 2026Fact
How this is scored
Scores, classification basis and filing advisersInstitutional venture firm, confirmed · 2 filing advisers share this firmShow
Importance
43
elevated
Active deployment
33
moderate
Emerging
0
low
Freshness
100
high
Institutional venture firmSEC exempt reporting adviser

Venture manager, reported GAV $849M across 6 vehicles

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.

The inputs behind each score
importance
gav: 0.58 · funds: 0.58 · people: 0.36 · investments: 0.18 · co investors: 0.34
active deployment
investments 12m: 0.25 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-08-19
emerging manager
fund count: 7 · reported gav: $849M · first adv filing: 2017-08-17 · years since first filing: 9.1

Fits, record history and connections

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

Fits

1 scored match, best firstas of
  • score 63.9confidence 100%
    Why: sector fit; stage fit; geography fit; activity
    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 identity change, 2 dated events on the change ledger, latest event first
  • Organization classification changed
    2026-09-15
  • Merged in
    2026-09-13
  • Adviser's first ADV filing
    2017-08-17source 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.