Lemhi Ventures is a Minnesota-based venture capital firm with a focus on early-stage healthcare start-ups. It has the stated intention of investing in products and services that would help the healthcare industry be more efficient. Specific industries in which it invests include software, information services, and enterprise systems for healthcare. It raised two funds between 2007 and 2012 for a total of more than $325 million.It has made 18 investments and has been lead investor for 14 of those investments. The firm has made six exits as well.