Flare Capital Partners

Cobalt’s strategic approach adds value for entrepreneurs and co-investors who seek partners bringing more than just dollars to the mix. While we focus on generating superior financial returns, we’re equally passionate about supporting our portfolio companies with unique industry insights and direct access to healthcare leaders, stakeholders and subject matter experts through our affiliation with a leading regional health plan. A Flywheel of Value Creation Cobalt acts as a catalyst for strategic engagement between both the entrepreneurs and corporate partners we serve. Our investment model drives a flywheel of value creation by aligning the strategic priorities of payers and providers with achievement of key commercial milestones for our portfolio companies. Supporting this path for collaboration in both directions is an integral part of our investment process. We start at the earliest stages of evaluating any opportunity -- and continue to work as an active and engaged partner to execute on innovation long after the deal is done. For Entrepreneurs Cobalt supports business development and partnership opportunities for: Product development Pilots and use case implementation Business model and ROI validation Customer acquisition Follow-on investment and exits For Payers and At-Risk Providers Our portfolio companies drive strategic value by: Lowering total cost of care Improving experience, engagement and quality metrics Expanding access to care for members and patients Aligning payers and providers to value Enhancing business growth and administrative efficiencies Our Core Principles Our Team is passionate about forging strong partnerships that drive significant growth and value creation for our portfolio companies. We are committed to the following shared principles and values: We are both financial returns motivated and mission oriented. We believe we can do well by doing good. We are not passive investors. We act with a partnership mentality and seek to work with people who want to actively partner and collaborate with us. We are undeterred by the dysfunction of our healthcare system, and we are obsessed with trying to improve it for payers, providers and patients. We value honesty, integrity and transparency. We expect the same from our partners. We value and support the principles of diversity, equity and inclusion. We do serious and important work in support of incredibly talented entrepreneurs and professionals, but we will always strive to have fun while doing it.

We partner with companies that create entirely new markets. For more than 25 years, and longer than almost any other investor in the country, our Principals have financed and helped build more successful healthcare industry "firsts" and companies that became market leaders. We invest on behalf of many of the largest healthcare organizations in the country, many of healthcare's most accomplished senior executives, and an outstanding group of global institutional investors. Our Principals have worked with strategic investors for longer than almost anyone in the industry. Collectively, Health Velocity Capital’s investors represent organizations that. INSURE MORE THAN 175M AMERICANS OPERATE >700 HOSPITALS PROVIDE PHARMACY & PBM SERVICES TO 75% OF THE NATION EMPLOY 5.0M AMERICANS GENERATE $2.1T IN REVENUE We leverage these relationships to help drive revenue and build teams In a highly process-driven and symbiotic manner, our Principals have used their networks to tangibly create equity value at more than 95% of the companies with which they have partnered. 10,000+ CONVERSATIONS WITH STRATEGIC INVESTORS 1000+ COMPANIES DISCUSSED $40B+ EQUITY VALUE CREATION 100+ EXECUTIVES PLACED 200+ COMMERCIAL RELATIONSHIPS FACILITATED We’re an investment firm that is driven by purpose, a clear mission, and an important set of core values Our mission is to generate outstanding financial returns while being the preferred innovation partner of entrepreneurs and investors working toward a more affordable, sustainable, consumer-friendly healthcare system.

Dreamit Healthtech focuses on digital health, medical device, and diagnostics startups. Dreamit company founders have myriad opportunities to meet, pilot, and partner with leading health systems, payers, pharmaceutical companies, medical device manufacturers, and self-insured employers. Dreamit Securetech focuses on cybersecurity, anti-fraud, risk & compliance, and physical security startups. Dreamit company founders have myriad opportunities to meet, pilot, and partner with leaders at Fortune 1,000 companies, hospital systems, federal agencies, and the military.

From startups to more experienced companies, we offer investment capital joined with the expertise of an integrated health system and health plan. We actively partner with organizations to support their success and positively impact the communities we serve. We also actively partner with other like-minded health care organizations and strategic investors to collectively share expertise and drive scale. By leveraging our venture network, we will drive growth and value for portfolio companies while changing the future of health care. What we invest in:Companies and solutions aligned with our vision and strategic priorities Experienced, in-place management teams Well-developed, unique value propositions and business models Existing customers and revenue stream of $1M or more Solutions that amplify our clinical and operational expertise What we do not invest in:Class III medical devices Pharmaceuticals or biotech Pre-revenue companies* Solutions outside our mission, vision and values Other ways we work with emerging innovation companies to create value:Pool resources De-risk commercialization Collaboration agreements

Revelation Partners provides flexible capital solutions to the healthcare ecosystem. We specialize in providing liquidity for illiquid, private holdings and growth capital to allow investors to maximize their return. We invest broadly across all healthcare sub-sectors, including medical devices, diagnostics, biotech, healthcare technology, and healthcare services. With decades of investing experience, deep sector expertise, an extensive industry network, and over $900 million of committed capital, Revelation Partners is a trusted partner to healthcare companies, investors, founders, and funds.

At McKesson Ventures, we help entrepreneurs in the healthcare technology and services space build and scale businesses that tackle some of the toughest challenges in healthcare. We look for people, like us, who are passionate about making a difference and rethinking what’s possible in healthcare. We have deep industry experience as investors and operators who have walked in your shoes. And, we have the insights and industry connections that come with being part of one of the largest healthcare companies in the world. We are highly respected and trusted by both the entrepreneurs and investors we work with – and look forward to continuing to partner with visionary leaders that have bold ideas. We are financially minded, first and foremost, investing in big markets, talented teams and great products. But we also bring the insights and connections that come with being part of McKesson, one of the country’s leading healthcare organizations. We help our portfolio companies access McKesson, as well as tap into our relationships with key stakeholders throughout the healthcare ecosystem including pharmacies, payors, providers and manufacturers. Our Values Venture firms don’t often talk about their values, but we do. We believe finding the right investors for your company is one of the most critical decisions an entrepreneur will make. We promise to be open and honest at every stage of our relationship. We are aware of what we know and what we don’t know – but most importantly, we know how to find the answers. We will be there for the ups, the downs and everything in between. We work hard to support you – bringing our network, experience and insights – because we are also passionate about making the healthcare system work better – for everyone. About McKesson McKesson has a long history of innovation and excellence within health care dating back to 1833 when it created the first national drug distribution system in the United States. Since then we’ve grown, evolving into one of the largest healthcare companies in the world with over $220 billion in revenue. While distribution is still at the core of what we do, we have become true partners with our customers leveraging technology, data and analytics to deliver the best care possible. We have a deep understanding of what it takes to scale innovation in healthcare and continually look for innovative ideas and partners to make healthcare more efficient, effective and human.