Investment focus

Cencora Ventures strives to invest in companies that are consciously working to create a diverse leadership team — ones that are inclusive across gender, ethnicity, age, sexual orientation, disabilities, and national origins. These principles align with Cencora’s mission to foster a diverse community passionate about creating healthier futures.
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Investment themes

We will invest in innovative entrepreneurial businesses working to advance the development and delivery of pharmaceuticals and healthcare products in alignment with our purpose to create healthier futures.
  • Future of pharmacies and distribution
  • Product commercialization
  • Clinical development
  • Emerging therapies
  • Animal health
  • Clinical practice solutions


We are stage-agnostic, with emphasis on early to mid-stage venture capital investments 


We will invest globally with an emphasis on the United States and Western Europe. Our focus is on geographies where innovation is occurring in our selected sectors of interest.


  • $150M fund
  • Typical initial investment size: $1M to $10M (based on stage)
  • We can provide additional capital for select opportunities
  • We reserve capital for future financing rounds
  • We are flexible on either leading or participating as a follow-on investor 
  • We aim to co-invest with top-tier venture capital investors