Providence Ventures

Providence Ventures, founded in 2014, manages $300 million in venture capital funds on behalf of Providence St. Joseph Health (PSJH), one of the largest integrated health systems in the US. Its mission is to achieve venture and growth equity class returns through direct investments in innovative healthcare companies that improve health outcomes, lower costs, and enhance the experience of patients and caregivers. Providence Ventures offers investment capital, combined with health system expertise, to companies addressing existing and emerging pain points in healthcare. The investment team is based in Seattle, Washington, with an additional office in Silicon Valley. As of January 2025, Providence Ventures has spun off from Providence to become an independent venture capital firm named Allumia Ventures.