Investment Summary

Cobalt Ventures Invests In Nymbl Science

On November 5, 2020, private equity firm Cobalt Ventures invested in internet software and services company Nymbl Science

Investment Highlights
  • This is Cobalt Ventures’ 2nd transaction in the Internet Software and Services sector.
  • This is Cobalt Ventures’ 5th transaction in the United States.
  • This is Cobalt Ventures’ 1st transaction in Colorado.

Investment Summary

Date 2020-11-05
Target Nymbl Science
Sector Internet Software and Services
Investor(s) Cobalt Ventures
Deal Type Venture

Target

Nymbl Science

Denver, Colorado, United States
Nymbl Science provides digital, home-based balance training for older adults via an application-based mobile platform. Nymbl Science was founded in 2014 and is based in Denver, Colorado.

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Investor(S) 1

DESCRIPTION

Cobalt Ventures is the private equity investment arm of Blue Cross and Blue Shield of Kansas City. The Firm looks to invest $10 to $75 million (majority or minority positions) to support scalable, high-growth healthcare companies that are seeking to increase the overall quality of healthcare services, improve outcomes and lower costs for customers and members. Specific areas of interest include home healthcare/hospice, outpatient services, telehealth, pharmaceutical distribution, and tech-enabled healthcare services. Cobalt Ventures is based in Kansas City, Missouri.


DEAL STATS #
Overall 5 of 8
Sector: Internet Software and Services M&A 2 of 4
Type: Venture M&A Deals 2 of 4
State: Colorado M&A 1 of 1
Country: United States M&A 5 of 8
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 MEDVAL

Columbia, Maryland, United States

MEDVAL LLC delivers fully-integrated Medicare Secondary Payer (MSP) solutions. From Medicare Set-Aside (MSA) evaluations to structured settlements to the administration of MSA funds, MEDVAL serves attorneys, carriers, and TPAs seeking a better MSP compliance process for personal injury and workers’ compensation claims. MEDVAL was formed in 2003 and is based in Columbia, Maryland.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-25 Bardavon

Overland Park, Kansas, United States

Bardavon is a cloud-based, clinical intelligence and analytics company focused on improving musculoskeletal patient outcomes in both the workers’ compensation and commercial healthcare arena. Bardavon was founded in 2013 and is based in Overland Park, Kansas.

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