Lemhi Ventures

Lemhi Ventures is a Minnesota-based venture capital firm that backs early-stage healthcare services companies in the United States. The firm invests across incubation, seed and growth rounds with a focus on disruptive healthcare service models, aiming to be a lead investor and frequently pursuing board seats or active partnerships in portfolio companies. It targets privately held U.S. businesses and does not invest in medical devices or the development of specific therapies.

Tony Miller

Managing Partner

Anthony Miller

Founder and Managing Partner

John Park

Partner

Matt Scholl

General Partner

Past deals in Minnesota

RetraceHealth

Series A in 2016
RetraceHealth, Inc. is a healthcare company based in Minneapolis, Minnesota, that provides accessible primary care services through an online platform. Founded in 2013, the company specializes in offering urgent and routine care via video consultations and in-home visits, catering to a range of needs including preventive care, pediatric services, and management of chronic conditions such as high blood pressure and diabetes. RetraceHealth aims to deliver high-quality medical services at affordable prices, essentially offering full-service primary care comparable to traditional clinics but with the convenience of care delivered directly to patients' homes. The platform serves patients primarily in Minnesota and Wisconsin, focusing on enhancing the accessibility and personalization of healthcare.

ABILITY Network

Series C in 2011
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services including billing, Medicare claims processing, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of hospitals, skilled nursing facilities, and healthcare providers through a secure web-based network, ABILITY Network facilitates millions of transactions daily, earning the trust of both healthcare providers and governmental entities like Medicare. The company serves a diverse clientele, including health systems, clinics, and home health agencies, positioning itself as a vital player in the healthcare technology landscape.

ABILITY Network

Venture Round in 2007
ABILITY Network Inc. is a healthcare information technology company that focuses on simplifying the administrative and clinical complexities faced by healthcare providers and payers. Founded in 2000 and based in Minneapolis, Minnesota, the company offers a range of services including billing, Medicare claims processing, revenue cycle management, and patient payment solutions. It also provides eligibility verification services and workforce management tools such as scheduling and credentialing. By connecting thousands of hospitals, skilled nursing facilities, and healthcare providers through a secure web-based network, ABILITY Network facilitates millions of transactions daily, earning the trust of both healthcare providers and governmental entities like Medicare. The company serves a diverse clientele, including health systems, clinics, and home health agencies, positioning itself as a vital player in the healthcare technology landscape.
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