
Investments
39Portfolio Exits
13Partners & Customers
1About Intermountain Ventures
Intermountain Ventures operates as an investment vehicle of Intermountain Healthcare. Its purpose is to source, evaluate, and invest in companies that represent a return, growth opportunity, and that align with its objective to help people. It was founded in 2019 and is based in Salt Lake City, Utah.
Research containing Intermountain Ventures
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CB Insights Intelligence Analysts have mentioned Intermountain Ventures in 1 CB Insights research brief, most recently on Jul 15, 2024.
Latest Intermountain Ventures News
Jun 20, 2025
What You Should Know: – Layer Health , an artificial intelligence (AI) company in healthcare announced a strategic collaboration with Intermountain Health , one of the nation’s top integrated health systems. The collaboration includes a strategic investment from Intermountain Ventures , Intermountain’s innovation and venture capital arm, and a multi-year initiative to deploy the Layer Health AI platform across multiple clinical registries. – The partnership aims to improve the accuracy, efficiency, and scalability of clinical data abstraction, making Intermountain Health a significant innovation partner and early adopter of Layer Health’s AI-powered chart-review platform. Automating the Burden of Medical Chart Review Layer Health’s AI platform is purpose-built to automate the labor-intensive process of medical chart review, a critical function for quality reporting, registry submission, and a growing range of other operational and clinical workflows. Leveraging advanced large language models trained on rich, longitudinal patient data, the HIPAA-compliant and SOC 2 Type II certified platform can interpret both structured and unstructured clinical information with high accuracy. By replicating the reasoning process of a clinician, it excels at handling the complexity and nuance often found in real-world patient records. Scale Quality Improvement Under the new multi-year initiative, Intermountain’s Clinical Data Management team will first work with Layer Health to validate the AI’s ability to achieve high accuracy before deployment, ensuring it meets the clinical performance standards required for real-world registry reporting. The initial deployment will focus on registries in stroke, bariatric surgery, and cardiovascular disease. Following this, Intermountain Health will deploy Layer Health’s AI platform across its full network, which spans 33 hospitals and multiple states, with plans to expand to other registry areas in the future. “Layer Health’s technology reflects the kind of AI solution that will drive meaningful change for our system,” said Dr. Cara Camiolo Reddy, Chief Quality and Safety Officer at Intermountain Health. “Our team manages more than 35 active registries and is constantly evaluating how to support more registries that demonstrate our clinical excellence. Layer offers a scalable approach that allows us to support existing registries more efficiently and finally move forward with new ones. Furthermore, with the support of AI, our team can focus more on driving meaningful improvements in patient care.”
Intermountain Ventures Investments
39 Investments
Intermountain Ventures has made 39 investments. Their latest investment was in Layer Health as part of their Unattributed VC on June 17, 2025.

Intermountain Ventures Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
6/17/2025 | Unattributed VC | Layer Health | Yes | 3 | ||
6/3/2025 | Series A | Matterworks | Yes | Germin8 Ventures, Lewis & Clark Partners, OMX Ventures, Pillar, Tarsadia Capital, and Undisclosed Investors | 2 | |
3/22/2025 | Series C | Octave Bioscience | $35.6M | No | Byers Capital, Casdin Capital, Hikma Ventures, Merck Global Health Innovation Fund, Northpond Ventures, Novartis, Section 32, The Blue Venture Fund, and Valhalla Foundation | 3 |
3/11/2025 | Series B | |||||
1/8/2025 | Seed VC - II |
Date | 6/17/2025 | 6/3/2025 | 3/22/2025 | 3/11/2025 | 1/8/2025 |
---|---|---|---|---|---|
Round | Unattributed VC | Series A | Series C | Series B | Seed VC - II |
Company | Layer Health | Matterworks | Octave Bioscience | ||
Amount | $35.6M | ||||
New? | Yes | Yes | No | ||
Co-Investors | Germin8 Ventures, Lewis & Clark Partners, OMX Ventures, Pillar, Tarsadia Capital, and Undisclosed Investors | Byers Capital, Casdin Capital, Hikma Ventures, Merck Global Health Innovation Fund, Northpond Ventures, Novartis, Section 32, The Blue Venture Fund, and Valhalla Foundation | |||
Sources | 3 | 2 | 3 |
Intermountain Ventures Portfolio Exits
13 Portfolio Exits
Intermountain Ventures has 13 portfolio exits. Their latest portfolio exit was Omada Health on June 06, 2025.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
6/6/2025 | IPO | Public | 8 | ||
12/30/2024 | Acquired | 2 | |||
1/31/2024 | Acquired | 5 | |||
Date | 6/6/2025 | 12/30/2024 | 1/31/2024 | ||
---|---|---|---|---|---|
Exit | IPO | Acquired | Acquired | ||
Companies | |||||
Valuation | |||||
Acquirer | Public | ||||
Sources | 8 | 2 | 5 |
Intermountain Ventures Partners & Customers
1 Partners and customers
Intermountain Ventures has 1 strategic partners and customers. Intermountain Ventures recently partnered with Layer Health on June 6, 2025.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
6/20/2025 | Partner | United States | Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction -- The partnership aims to improve the accuracy , efficiency , and scalability of clinical data abstraction , making Intermountain Health a significant innovation partner and early adopter of Layer Health 's AI-powered chart-review platform . | 1 |
Date | 6/20/2025 |
---|---|
Type | Partner |
Business Partner | |
Country | United States |
News Snippet | Layer Health and Intermountain Health to Deploy AI for Clinical Data Abstraction -- The partnership aims to improve the accuracy , efficiency , and scalability of clinical data abstraction , making Intermountain Health a significant innovation partner and early adopter of Layer Health 's AI-powered chart-review platform . |
Sources | 1 |
Intermountain Ventures Team
2 Team Members
Intermountain Ventures has 2 team members, including current Managing Partner, Nickolas Mark.
Name | Work History | Title | Status |
---|---|---|---|
Nickolas Mark | Managing Partner | Current | |
Name | Nickolas Mark | |
---|---|---|
Work History | ||
Title | Managing Partner | |
Status | Current |
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