# Lemhi Ventures

Lemhi Ventures is a Venture Capital based in Minneapolis, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Minneapolis, United States
- **Region:** North America
- **Address:** Minneapolis, MN, United States
- **Founded:** 2006
- **Assets under management:** Undisclosed
- **Website:** www.lemhiventures.com
- **LinkedIn:** https://www.linkedin.com/company/lemhi-ventures

## Regulatory record

- **Reports private funds:** No

## About

Lemhi Ventures is a venture capital firm focused on healthcare services. The firm has raised multiple funds, including Fund I, Fund II, and Fund III, all dedicated to healthcare services venture capital. Its active portfolio includes companies such as Aegele Health Partners, Mendota Health, and Reemo Health.

## Sectors

- Healthcare Services

## People

- Tony Miller — Managing Partner

## Questions

### Which sectors does Lemhi Ventures explicitly avoid?

Lemhi does not invest in biotech, medical devices, or therapeutics. The firm's public portfolio is confined to healthcare technology platforms, care delivery models, health insurance administration, and consumer health benefits marketplaces. Hard-science life sciences and FDA-regulated devices sit outside its mandate.

### How does the Minneapolis location influence Lemhi's investment posture?

Minneapolis houses UnitedHealth Group, Medtronic, and Optum headquarters, creating an uncommon density of potential strategic acquirers and distribution partners. Lemhi's team includes former UnitedHealth operators who understand the procurement cycles and regulatory constraints of these anchor institutions, which acts as an implicit diligence advantage when evaluating founder claims about enterprise sales timelines.

## Related profiles

- [Leksell Social Ventures](https://altss.com/profile/leksell-social-ventures)
- [Lemniscap](https://altss.com/profile/lemniscap)

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Last updated: 2026-07-10T07:39:54.000Z

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