Role

Health Velocity Capital is seeking a Senior Associate with 4 - 6 years of experience for its San Francisco or Nashville office.

About Health Velocity Capital

Health Velocity Capital is one of the nation’s leading healthcare software and services venture capital and growth equity investment firms. Working in close partnership with some of the nation’s largest and most influential healthcare organizations, our mission is to generate outstanding financial returns while being the preferred innovation partner of entrepreneurs and investors working toward the common goal of a high quality, customer-friendly, affordable, and sustainable healthcare system. Health Velocity Capital has more than $800 million in assets under management.

Health Velocity Capital is led by Marty Felsenthal, Bruce Crosby, Saurabh Bhansali, Kristin Torres Mowat, and Grant Blevins. The firm’s partners have spent their careers exclusively in healthcare as investors, entrepreneurs, and senior executives helping to build innovative companies that created important new healthcare markets and/or that became market leaders, including in areas such as telemedicine (Teladoc (NYSE:TDOC) and MDLive (acquired by Cigna)), cost transparency and engagement (Change Healthcare (NYSE:CHNG) and Castlight Health (acquired by Vera Whole Health)), chronic care management and wellness (Livongo Health (NASDAQ: LVGO) and Healthways, now Tivity Health (NASDAQ:TVTY)), palliative care (Aspire Health (acquired by Elevance)), hospice (Compassus (acquired by Formation Capital), Three Oaks Hospice, and Ennoble Care), healthcare human capital management software (OnShift (acquired by Shiftkey)), specialty biologic cost containment (Novologix (acquired by CVS Health) and IVX Health), behavioral health (Vericare (acquired by MedOptions), Ginger (merged with Headspace), Octave, and Array Behavioral Care), substance use disorder management (Habit Management Company (acquired by CRC Health) and Spero Health), hospital-level-care-at-home (Contessa Health (acquired by Amedysis)), value-based oncology (Vantage Oncology (acquired by McKesson)), end stage renal disease management (US Renal Care (acquired by Leonard Green)), health system business and clinical intelligence (The Advisory Board Company (acquired by Optum Health)), healthcare cyber security (Fortified Health Security), payment integrity (Rialtic), and many others. In the process, the firm’s principals have helped build companies that generated more than $35 billion in aggregate shareholder equity value at exit.

Health Velocity Capital invests on behalf of traditional institutional investors – including endowments, pension plans, and funds-of-funds – some of the nation's largest and most influential healthcare organizations, and more than 100 of healthcare's most accomplished senior executives who have invested personally. Collectively, our investor network represents organizations that provide insurance to more than 175 million Americans, sell software and technology into every major health system in the US, provide pharmacy and PBM services to every American, and operate more than 1,000 hospitals. For more information, please visit www.healthvelocitycapital.com.

Responsibilities

Financial Analysis

Perform financial analyses and prepare due diligence materials on prospective investments; responsibilities include, but are not limited to:

Assisting Partners and CFO with the development of financial projections and returns models
Conducting financial analysis to assess companies’ historical financials, unit economics, customer-by-customer details, pipeline and backlog details, customer utilization data, customer churn analyses, team productivity metrics, and other key performance indicators (KPIs)
Creating charts and graphs to illustrate key data and findings
Analyzing market size, competitive landscape, and market segments
Developing in partnership with Partners investment memorandum for Health Velocity Capital’s commitment committee and limited partners
Prepare for, participate, document, and potentially lead diligence calls handling professionally, with courtesy, curiosity, and graciousness

Sourcing

Research and screen potential investment opportunities, ideas, and technologies
Quickly develop a sense of what makes an appropriate Health Velocity Capital investment opportunity

Lead pitch calls with prospective investments

Take calls and meetings on behalf of Partners and professionally represent the firm in these calls and meetings
Summarize and type up all call notes and input in deals database (all Partners do this as well)
Cold call/email relevant investment opportunities
Perform market research and develop whitepapers on Health Velocity Capital’s targeted investment themes as well as develop market landscapes and lists of innovative companies to be contacted
Refine existing database to track and monitor sourcing activities; log new opportunities into CRM database
Tirelessly develop your network of other investors, health systems, payers, and other strategic industry connections to access deal flow and proprietary information
Be a visible presence for Health Velocity Capital at local events and at conferences
Research and understand various policy initiatives
Participate in outreach initiatives to bolster the firm’s reach and reputation

Strategic LP Management and Other

Contribute to materials and summaries for annual LP meetings, advisory board meetings, limited partner off-sites and webinars, limited partner updates, and more

Prepare standard strategic limited partner presentation materials and keep track of themes and companies of interest to present.

Assist with preparation for bi-annual Limited Partner Advisory Committee meetings
Leverage personal skills and network to assist portfolio companies in any way; bring to bear the full weight of the firm's network on behalf of portfolio companies
Maintain comparable exit multiples database and waterfall analyses for return profiles
Assist with day-to-day administrative tasks and the development of internal processes (CFO and all Partners perform as well)

AI System Building & Process Enhancement

Develop, test, and refine new ways of doing this role by building agentic and AI-driven workflows across sourcing, diligence, financial analysis, and LP materials, and share what works across the firm
Identify manual or repetitive processes across the firm (call notes, CRM logging, thematic work, data room analysis, etc.) and build AI-enabled workflows to automate or accelerate them
Stay current on new AI tools and agentic capabilities, evaluate which merit adoption, and help the team incorporate the ones that work
Own the quality of AI-assisted output: verify accuracy of any analysis or drafting done with AI tools and help establish firm practices for responsible use

Qualifications

College graduate with 4 - 6 years of relevant work experience in investment banking, venture capital, private equity, management consulting, corporate development, and/or computer science.

Candidates should be very detail-oriented, strong researchers, highly competitive, extremely passionate about healthcare and/or venture capital, have demonstrated ability to work hard, intelligent and curious
Hands-on company diligence experience, including analyzing financial and operating KPIs, crafting detailed trend analyses, and distilling complicated business models into clear, concise takeaways
Highly responsive to internal and external emails and phone calls and a “nothing falls through the cracks” approach to managing timelines and processes
AI-forward: actively uses AI tools in daily work today, with eagerness to experiment with agentic and AI-driven workflows rather than defaulting to how the work has always been done
Views AI as core to the job, not an add-on, and excited to help a lean investment team get leverage from these new and exciting tools
Excellent Microsoft Office (Excel, PowerPoint, Word, Outlook) skills
Analytic and quantitative skills needed to review financial and market projections, balance sheets, and operating plans of potential and existing investments
Ability to not just perform analyses but also present in a thoughtful, nuanced way with a story behind the presentation (versus a data dump of charts, tables, and pros/cons)
Excellent verbal and written communication skills

Creative, self-starter

Compensation

Competitive amongst firms with comparable AUM (assets under management)

Senior Associate