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CHCF Health Innovation Fund
The California Healthcare Foundation was created in 1995 as an independent nonprofit to improve healthcare delivery and financing across the state.
CHCF Health Innovation Fund
The California Healthcare Foundation was created in 1995 as an independent nonprofit to improve healthcare delivery and financing across the state. Its Health Innovation Fund operates as the foundation's dedicated vehicle for program-related investments that target health equity within the Medicaid ecosystem. The fund concentrates on seed and early-stage venture opportunities in healthcare IT. Confirmed holdings include Abridge Inc., Get Well, Hazel Health, Nomad Health, Omada Health, and Unite Us. Investments span California and other U.S. states and frequently occur alongside co-investors such as Acumen America. The strategy favors companies founded by underrepresented entrepreneurs and those addressing access, coordination, and remote-monitoring needs for low-income patients. Assets under management stand at $787 million. The foundation maintains a Sacramento regional office in addition to its Oakland headquarters and holds real estate through the wholly owned OAC Properties LLC subsidiary. In January 2024 the fund participated as a speaker at the AI Innovation Circle on topics of artificial intelligence and data interoperability in healthcare. The fund's structure ties investment decisions directly to the foundation's grantmaking mandate, creating a hybrid model in which financial returns and measurable health-equity outcomes are evaluated together. This linkage distinguishes it from conventional venture vehicles and from pure philanthropic grant programs.
General information
Firm type
Endowment / Foundation
Year founded
1995
Location
Region
North America
Country
United States
City
Oakland
Corporate office
1438 Webster Street #400, Oakland, CA 94612, United States
Additional offices
Sacramento, CA, United States
Principals
Melissa Buckley
Director
Hong Truong
Senior Program Investment Officer
Margaret Laws
Former Director
Sector focus
Frequently asked questions
Who runs investment decisions at CHCF Health Innovation Fund?
Melissa Buckley serves as Director. Hong Truong acts as Senior Program Investment Officer. Decisions integrate with the California Healthcare Foundation's overall program priorities.
Does CHCF Health Innovation Fund participate in fund commitments or only direct deals?
The fund executes direct equity and convertible-note investments in individual companies. It does not allocate to external venture funds.
What investment stages does CHCF Health Innovation Fund typically target?
Activity centers on seed and early-stage rounds. Check sizes range from $50,000 to $1 million.
Which sectors does CHCF Health Innovation Fund explicitly prioritize?
The fund targets healthcare IT companies that improve access and care coordination for Medicaid populations in California.
How is CHCF Health Innovation Fund related to California Healthcare Foundation?
The Innovation Fund functions as the foundation's dedicated program-related investment vehicle. Capital and governance flow directly from the foundation established in 1995.
Where does the underlying wealth come from?
Assets originate from the California Healthcare Foundation, an independent nonprofit private foundation focused on state healthcare delivery and financing.
Does CHCF Health Innovation Fund maintain co-investment relationships?
Frequent co-investment occurs with Acumen America on safety-net health technology opportunities.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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