Investor profile
BlueStone Venture Partners, LLC
Micro-fund
See how your deck fits this investor's thesis, stage, and ticket size.
Analyse your fitInvestment thesis
BlueStone Venture Partners is a life sciences venture capital fund that capitalizes on the strength, creativity, and innovation found in entrepreneurial companies outside of the traditional investment hubs in the United States. Rooted in the Southwest, the firm focuses on its 'Core Four' verticals — Medical Devices, Diagnostics, Digital Health, and Life Science Research Tools — targeting companies primarily in the 'NATO states' (New Mexico, Arizona, Texas, and Oklahoma), regions historically overlooked by legacy venture capital despite strong universities, unique research centers, and significant infrastructure. The firm combines deep operational, technical, and financial expertise to create value for portfolio companies, leveraging strong external networks and relationships with industry-leading advisors and co-investors. BlueStone invests in early-stage companies from seed through Series B, with a typical check size ranging from $250K to $1M, and a fund size of approximately $50 million. As a return-driven fund, BlueStone will also invest in US-based companies outside the NATO states if they fit its investment criteria.
Notable quotes
“BlueStone Venture Partners' strength stems from partnering with businesses that reside in our shared innovation ecosystem. There is a dearth of venture capital support in the region despite strong universities, unique research centers, and significant infrastructure.”
“BlueStone Venture Partners is a premier venture firm that invests in life-science technologies and companies in the Southwest.”
“Our focus is making state-of-the-art medical advancements like GammaTile more available to patients to address unmet clinical needs and ultimately improve the standard of care.”
Team
Tom Nickoloff
Co-Founder & Managing Director
Mara Aspinall
Co-Founder & Executive Consultant
Chris Burwell
Manager of Research
Andrew More
Director
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Predicta Biosciences | Series A | $23m | 2025-09-01 |
| Predicta Biosciences | Seed | $5m | 2024-07-01 |
| GT Medical Technologies | Series C | $45m | 2023-03-23 |
| Elucid | Series B | $27m | 2022-06-22 |
| Elucid | Series A | $8m | 2021-05-10 |
| Akadeum Life Sciences | Series A | $20m | — |
| Paradigm Diagnostics | Series B | $15m | — |
| NTx Bio (Nature's Toolbox) | Series B | $48m | — |
| BroadSpot Imaging Corporation | Seed | — | 2018-10-01 |
| Pyx Health | Growth | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| IAG Capital Partners | 2 |
| MVM Partners | 2 |
| Gilde Healthcare Partners | 1 |
| MedTech Venture Partners | 1 |
| Arboretum Ventures | 1 |
| Biovision Ventures | 1 |
Fit check
Is BlueStone Venture Partners, LLC a match for your startup?
Upload your deck and get an instant AI-powered fit analysis — see exactly how your startup aligns with this investor's thesis, stage focus, and ticket size.
Analyse your fit