Dipa Mehta

Dipa received her MBA from the University of Chicago Booth School of Business with concentrations in entrepreneurship and finance. She also received a certificate from Graduate Program in Health Administration and Policy, an interdisciplinary program between the medical school, public policy school and school of social work. At Booth, Dipa was a LEAD Facilitator, Admissions Fellow, and Co-chair of the Healthcare Group. She received the Chicago Booth Leadership Award of Distinction given annually to the graduating students who have made outstanding contributions in the areas of leadership, student life, and community service while at Booth.

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Dipa completed her undergraduate studies from New York University ' Stern School of Business with majors in finance and CPA accounting.

Dipa is a Managing Partner at Cobalt Ventures, the strategic venture capital arm of Blue Cross and Blue Shield of Kansas City. Cobalt’s investment model drives a flywheel of value creation by aligning the strategic priorities of healthcare payers and providers with the achievement of key commercial milestones for our portfolio companies. She sits on the board of OncoHealth and MedArrive. 

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Dipa formerly led Corporate Development and Ventures group at Advocate Health Enterprises (AAE), an Advocate Health subsidiary that aims further the AH mission to help people live well by advancing innovative solutions that go beyond traditional clinical care. She led investments into Foodsmart, Xealth, and acquisitions into companies helping seniors to age in their home for longer. Dipa was also previously a Managing Director at Sandbox Industries, a venture capital firm which is the investment manager to the Blue Venture Fund. During her time at Sandbox, Dipa served on the boards of Contessa Health, Upward Health, Oncology Analytics, AbleTo, and Lumiata. Prior to Sandbox, Dipa was at Amgen Ventures, the corporate venture fund of Amgen. Dipa started her career in the Global Healthcare Group at UBS and the Healthcare Fund at Paul Capital Partners, which invested in late-stage pharmaceutical and biotechnology companies. 

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Dipa holds a BS from the New York University Stern School of Business and an MBA from the University of Chicago Booth School of Business where she received the Chicago Booth Leadership Award of Distinction. Dipa has also completed the Kauffman Fellowship, a prestigious two-year program for venture capitalists. Dipa is currently an Investor in Residence with the Polsky Center for Entrepreneurship at Booth where she advises students and teaches workshops. 

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Dipa lives in Chicago with her husband and twin boys.

Dipa is member of Class 17 and served her fellowship at Amgen Ventures under the mentorship of Janis Naeve and Head of Corporate Development & Strategy Dave Piacquad.