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    Mark Bakken

    Founder and Managing Partner at HealthX Ventures

    Mark Bakken is a seasoned entrepreneur and investor who founded HealthX Ventures in 2015.12 As the Founder and Managing Partner, he has grown the firm to include 36 portfolio companies with a combined market value of over $4.3 billion.2 HealthX Ventures is an early-stage venture fund that focuses on investing in digital health companies, typically providing the first institutional funding for startups with promising minimum viable products and core teams.12

    Before starting HealthX, Bakken had a successful career as a serial entrepreneur:

    1. He founded Nordic Consulting Partners in 2010, growing it into the largest Epic-focused consulting firm in just five years, with revenues reaching $130 million.12

    2. Earlier in his career, he started and sold Goliath Networks, which became the largest regional partner for Microsoft, Novell, and Sun Microsystems.2

    3. He also founded Bedrock, a managed services company, in 2004, which was acquired in 2008.2

    Bakken's expertise in the healthcare IT sector has led him to make successful early investments in unicorn companies like Medable and Redox, as well as in other digital health companies that have had successful exits, such as Sanvello and CareSignal.2

    In recognition of his contributions to the entrepreneurial ecosystem, the City of Madison declared November 6, 2023, as "Mark Bakken Day".2 He was also inducted into the Wisconsin Technology Council's Investor Hall of Fame and received the UW–Madison Chancellor's Entrepreneurial Achievement Award in 2024.2

    Bakken is known for his support of various community initiatives, including the Black Business Hub, the University of Wisconsin, and the Center for Black Excellence and Culture.2 He is also a former D1 Big Ten athlete and enjoys outdoor activities, boating, and spending time with his family.2

    Highlights

    Aug 12 · signal.nfx.com
    Mark Bakken's Investing Profile - HealthX Ventures Managing Partner
    Apr 18 · youtube.com
    2024 Entrepreneurial Awards Winner: Mark Bakken - YouTube
    2024 Entrepreneurial Awards Winner: Mark Bakken - YouTube
    May 9 · flyoverlabs.io
    E110: Mark Bakken, Founder and Managing Partner at HealthX ...

    Related Questions

    What inspired Mark Bakken to transition from founding companies to investing in health IT?
    How did Mark Bakken's experience with Nordic Consulting Partners influence his approach at HealthX Ventures?
    What are some of the most successful exits from HealthX Ventures' portfolio?
    How does Mark Bakken identify and evaluate potential investments for HealthX Ventures?
    What unique qualities does Mark Bakken bring to his role as a venture capitalist in the health IT sector?
    Mark Bakken
    Mark Bakken, photo 1
    Mark Bakken, photo 2
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    Location

    Madison, Wisconsin, United States