Lemhi Ventures

Lemhi Ventures is a Minnesota-based venture capital firm founded in 2006 that invests in early-stage and growth healthcare services companies aiming to transform how care is delivered and financed through innovation, technology, and data-driven models. It focuses on backing entrepreneurs with differentiated approaches to health services, often leading or participating actively in seed through later rounds alongside co-investors and engaging on strategy and operations with portfolio leadership. The firm’s investment activity emphasizes disruptive business models in healthcare delivery and related services rather than device or pharmaceutical development, reflecting a sector-specific thesis grounded in better outcomes and lower costs. Its portfolio includes ventures addressing risk management, remote care, wound care, and integrated health system models, and its team comprises experienced operators and founders who support portfolio growth. Lemhi leverages its deep operational experience and health system perspective to help companies scale and navigate industry challenges in the U.S. healthcare ecosystem.