HealthX Ventures

VC Madison, United States · Founded 2015

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HealthX Ventures invests in early-stage digital health companies that aim to make healthcare more accessible, efficient, and affordable through scalable, cost-effective digital solutions. They partner with entrepreneurs who are passionate about reducing healthcare waste and have strong founding teams with technical, sales, and operational experience.

About HealthX Ventures

HealthX Ventures is a Madison, Wisconsin-based seed fund that invests exclusively in digital health, with a deliberately Midwestern footprint and a partner team led by Mark Bakken, the former CEO of Nordic Consulting. The fund writes $500K to $2M initial checks into seed and early Series A companies, with reserves for follow-on, and prefers software-driven businesses targeting providers, payers, employers, or patients. Healthcare exposure is the entire mandate; AI-enabled workflow, clinical decision support, and population health software all sit comfortably inside the thesis when paired with a real healthcare buyer. HealthX brings tactical operating value through Bakken’s deep relationships with health systems and EHR vendors, particularly Epic, which is headquartered in the same metro. Founders best suited are seed-stage digital health teams that need a lead or strong co-investor, want help navigating provider go-to-market, and are comfortable with a Midwestern fund that operates outside the coastal hype cycle. This is not a fit for therapeutics, devices, very late-stage growth rounds, or non-healthcare software. The entry path is warm introduction through a portfolio CEO or a Madison-area healthcare operator, with LinkedIn outreach to Bakken or another partner being a reasonable second option for founders who can articulate their hospital or payer pipeline in two sentences. Expect a hands-on partner, candid feedback, and a network biased toward Epic-integrated and provider-facing companies.

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At a glance

Type VC

Stages Seed, Series A, Series B

Check size $1M-$5M

Sub-verticals AI/ML in Healthcare, Biotech, Care Delivery / Tech-Enabled Services

HQ Madison, United States

Founded 2015

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Healthcare AI tools backed by HealthX Ventures

Tools made by companies in HealthX Ventures's portfolio that we cover in the directory.

EnsoSleep

EnsoData

Clinical Decision Support & Reference

EnsoSleep is an FDA-cleared, AI-powered, cloud-based solution that optimizes the sleep lab workflow by automating the scoring, viewing, editing, and reporting of Polysomnography (PSG) and Home Sleep Apnea Tests (HSATs). It helps clinicians accelerate diagnosis, improve consistency, and expand patient care.

Starting at $9.50 per month

ERTRIAGE®

CAREPOI

Triage & ER/ICU AI

ERTRIAGE® by CAREPOI is a device-based AI triage system that rapidly analyzes clinical data to provide real-time acuity classification and triage recommendations in the ER with 97% accuracy.

Contact for pricing

Redox

Developer Tools & APIs

Redox is your interoperability partner, powering healthcare data exchange at scale. Fueling the future of connected healthcare, the platform allows sending, receiving, processing, and acting on massive amounts of real-time data from any source.

Contact for pricing

Dyania Health Clinical Trial Recruitment

Dyania Health

Drug Discovery & Research

Dyania Health's AI-powered software automates patient identification from EHRs for clinical trial recruitment, serving hospitals, health systems, and pharmaceutical companies.