Sandbox Industries
Venture capitalChicago · Seed–Growth · 41 people tracked
Also known as 213 MANAGEMENT, LLC · SANDBOX HOLDINGS, LLC · SANDBOX INVESTMENT MANAGEMENT, LLC
Investment thesis
Sandbox Industries invests in innovation aimed at transforming healthcare and insurance, industries it considers crucial to the future of human livelihood. It blends traditional venture investing with corporate strategic investing by bringing industry leaders in as strategic limited partners, creating ecosystems that connect strategic investors, financial investors, and portfolio companies. Through vehicles such as the Blue Venture Funds—a collaboration with Blue Cross Blue Shield companies and the BCBS Association—it backs venture and growth opportunities in healthcare technology, healthcare services, and clinical sciences. In insurance, it invests in technology transforming insurance and financial services, leveraging relationships with leading insurers.
Source: firm website, verified Aug 25, 2026.
Team · 41 people
from the firm's website & public directories
Founder mafia
4 people who came through Sandbox Industries went on to found or lead other companies.
What they invest in
from 21 of 35 portfolio companiesAI & Machine Learning ×9Healthtech ×7Biotech ×6Digital Health ×5Enterprise Software ×4SaaS ×4AgTech ×3Fintech ×3
HQs:United States×14Ireland×1Mexico×1
Investments · 35 tracked
founders shown can be your intro pathBy year:2022 · 12021 · 12020 · 13 dated
Debut applies AI and biotechnology to discover and formulate cosmetic ingredients and beauty products, decoding skin and hair at the genomic level to create novel actives.
AI & Machine LearningBiotechConsumerSan Diego, US
Joshua Britton(Founder)
Co-investorsGS FuturesMaterial ImpactBreakout VenturesKdT VenturesACVC PartnersBetter Ventures Central Llc+8 more
Nest Health provides convenient, in-home and virtual healthcare for families, aiming to serve patients regardless of location or insurance status.
Digital HealthFemTechHealthtechImpact & Social GoodNew Orleans, US
Rebekah E. Gee MD MPH(Founder)inRebecca Kavoussi(Co-founder)inRebekah Gee(Chief Executive Officer & Founder)Kelsie Brandt(Chief Operating Officer)Mike Meador(Chief Financial Officer)Chris Baglieri(VP, Product & Technology)
Co-investors8VCAlumni VenturesAmboy Street VenturesGaingelsHopelabImpact America Fund+6 more
Octave develops blood-based biomarker tests for neurodegenerative diseases including multiple sclerosis, Parkinson's disease, and Alzheimer's disease.
AI & Machine LearningBiotechDigital HealthMedical DevicesMenlo Park, US
William Hagstrom(Founder and Chairman)Doug Biehn(President and CEO)
Co-investorsNorthpond VenturesSection 32Blue Venture FundsEcho Health VenturesHikma VenturesGreycroft+1 more
AbleTo provides in-person and virtual mental health care, including therapy, psychiatry, and medication management for adults, children, and teens dealing with concerns such as anxiety, depression, ADHD, and substance use.
Digital HealthHealthtechMental HealthNew York, US
Trip HoferinFrank Hunt(Executive Officer)Robert Rebak(Executive Officer, Director)Russ Nash(Director)Michael Laskoff(Executive Officer, Director)Paul Pieper(Executive Officer)
Co-investors.406 VenturesBlue Venture FundsHLM Venture PartnersOptum VenturesValspring CapitalBain Capital Ventures+1 more
Santa Fe, US
Mark Johnson(Executive Officer, Director, Promoter)Mike Warren(Founder)inSuzanne McBride(Director)Andrew Ziolkowski(Director)James Montgomery(Director)Steven Brumby(Director)
Co-investorsCrosslink Capital
Geltor develops biodesigned proteins, including collagen products such as PrimaColl, used as active ingredients in cosmetics and personal care formulations.
BiotechNew MaterialsWellness & Fitness
Alexander Lorestani(Founder)inNick Ouzounov(Founder)in
Co-investorsAgronomicsAlwyn CapitalArgonautic VenturesBaruch Future VenturesBlue Horizon CorporationCavallo Ventures+12 more
Gradient AI develops underwriting and claims management software for group health, property & casualty, and workers' compensation insurance.
AI & Machine LearningData & InfrastructureEnterprise SoftwareHealthtechInsurTechDurham, US
Stan Smith(Founder & CEO)inOuwen Huang(Executive Officer, Director)Joshua Miller(Executive Officer, Director)Mattew Bailey(Director)
BoardShana Barghouti(Director)Satish Tadikonda(Director)
Co-investorsAmerican Family VenturesMassMutual VenturesTechstarsWavemaker Three-Sixty Health
Indico provides an intake and orchestration platform for insurance carriers that processes unstructured data such as claims, submissions, and reports to modernize how work enters and moves through insurance operations.
AI & Machine LearningEnterprise SoftwareInsurTechSaaSBoston, US
Madison May(Founder & CTO)Diana Yuan(Co-founder, SVP People & Operations)Alec Radford(Co-founder and Advisor)Slater Victoroff(Executive Officer, Director)
Co-investors.406 VenturesBoston Seed CapitalHyperplane Venture CapitalOsage Venture PartnersTechstarsAviva Ventures
IngredientWerks is a molecular farming company that engineers plants to produce plant-based proteins and ingredients for the alternative protein market.
AgTechBiotechFoodTechWoburn, US
Steve Snyder(Director)James Schultz(Director)Matthew Plavan(Executive Officer, Director)Matt Plavan(Chief Executive Officer)inMichael Raab(R&D Lead)Jeremy Schley-Johnson(Vice President)
Co-investorsARCH Venture PartnersOpen PrairieCultivian Sandbox Ventures
Intellivo offers a Recovery Intelligence Platform for health plans that identifies and pursues reimbursement and subrogation opportunities, recovering dollars that traditional recovery programs miss.
AI & Machine LearningHealthtechSaaS
Co-investorsMunich Venture Partners
Nuritas uses a proprietary AI platform, the Nuritas Magnifier, to discover and clinically validate bioactive peptide ingredients derived from natural sources.
AI & Machine LearningBiotechFoodTechDublin, IE
Dr. Nora Khaldi(Founder & CEO)inJohn Casey(Chief Manufacturing & Supply Chain Officer)Conor Walshe(Chief Financial Officer)Alison Anderson(Chief People Officer)
Co-investorsCleveland AvenueMcWin Capital PartnersMarc BenioffEuropean Circular Bioeconomy FundKeiretsu ForumCultivian Sandbox Ventures
New York-based digital identity company, later renamed Prove, that verifies and authenticates consumers using phone intelligence.
New York, US
Rodger Desai(Executive Officer, Director)Thomas FitzSimmons(Executive Officer)Eric Woodward(Director)
BoardStuart Ellman(Director)inMichael Brody(Director)Kevin Talbot(Director)
Co-investorsApax DigitalMassMutual VenturesOpus CapitalRRE Ventures
Co-investorsWorking Capital FundJ-Ventures
Prove offers a business onboarding and verification solution that reduces manual input by validating business entities, EIN/TIN, and documents while connecting an individual applicant to a business through mobile device and phone number authentication.
CybersecurityFintechSaaS
Co-investorsMassMutual VenturesOak HC/FTRelay VenturesRRE VenturesStack Capital
AgTechEmeryville, US
Eric Davidson(Director)Travis Bayer(Director)Paul Beck(Executive Officer)Dave Vosburg(Executive Officer)Adam Litle(Executive Officer, Director)Derek Norman(Director)
Co-investorsCavallo VenturesCultivian Sandbox VenturesS2G InvestmentsFall Line CapitalFootPrint CoalitionLeaps by Bayer+2 more
Supergut makes fiber-based food and supplement products aimed at supporting gut microbiome health for consumers.
Direct to ConsumerFoodTechWellness & Fitness
Marc Washington(Founder)in
Co-investorsAcre Venture PartnersAlpha EdisonThe Family FundCultivian Sandbox VenturesRocana Ventures
Swoop provides a privacy-safe, AI-driven commercial intelligence and marketing platform that uses de-identified real-world patient and HCP data to coordinate targeted engagement across channels like display, connected TV, social, and point-of-care.
AdTechAI & Machine LearningDigital HealthHealthtech
Co-investorsUS Venture PartnersBase CapitalDune VenturesLong Journey VenturesSoma Capital
Verituity provides a payouts platform that delivers verified, on-time payments with payment choice for businesses and their payees, aiming to reduce payout complexity, risk, and cost.
Enterprise SoftwareFintechSaaSMclean, US
Benjamin Turner(Executive Officer, Director)Ben Turner(Chief Executive Officer & President)Chris Smith(Chief Operating Officer)Anthony Renzette(Chief Product Officer)Andy Brooks(Chief Financial Officer)
BoardDonald Dixon(Director)in
Co-investorsArdent VentureForgePoint CapitalMTECH CAPITAL
Vestaron develops peptide-based insecticides derived from naturally-occurring peptides such as those found in spider venom, produced through fermentation, offering new modes of action for crop protection.
AgTechBiotechCleantechClimate TechNew MaterialsKalamazoo, US
Glenn King(Founder)Juan Estupinan(Executive Officer, Director)Dawn de los Santos(Executive Officer)Robert Kennedy(Executive Officer)Nancy Newman(Executive Officer)John C. Sorenson(Executive Officer, Director)
Co-investorsArgonautic VenturesCavallo VenturesCultivian Sandbox VenturesEndeavor8iSelect FundMichigan Capital Network+2 more
ZeOmega provides Jiva, a healthcare enterprise management platform for payer and provider organizations that integrates data into a single source of truth and offers AI-powered population health analytics, care management, and process automation such as electronic prior authorization.
AI & Machine LearningDigital HealthHealthtech
Co-investorsBlue Venture FundsBlueCross BlueShield Venture PartnersBregal Sagemount
Portfolio news
latest coverage across their companies
Indico Data · fintech.global · Aug 17, 2026
ZeOmega · healthitanswers.net · Jul 23, 2026
Octave · stocktitan.net · Jul 14, 2026
Swoop · empowerafrica.com · Apr 25, 2026
Nest Health · fiercehealthcare.com · Feb 9, 2026
Geltor · geltor.com · Oct 13, 2025
Supergut · pulse2.com · Mar 12, 2025
Frequently asked questions
- What stage does Sandbox Industries invest at?
- Sandbox Industries invests at the Seed, Series A, Series B, Series C, Growth stages.
- What sectors does Sandbox Industries focus on?
- Sandbox Industries focuses on Biotech, Digital Health, Fintech, Healthtech, InsurTech, Medical Devices.
- Where is Sandbox Industries located?
- Sandbox Industries is headquartered in Chicago, US.
- Does Sandbox Industries lead rounds?
- Sandbox Industries typically participates in rounds rather than leading them.
Media · Podcasts & interviews
featuring the teamSandbox Industries' Nick Rosa: On Entrepreneurship
ExcelerateLabs · Nick Rosa
Images
Co-investors · 33
RRE Ventures is a boutique early-stage venture capital firm that backs founders across sectors, combining decades of experience with AI-driven analysis throughout the investment lifecycle.
.406 Ventures is an early-stage venture capital firm that partners with founders building companies in healthcare, data and AI, and cybersecurity.
Northpond Ventures is a venture capital firm based in Bethesda, Maryland that invests in life sciences, technology, and related sectors.
Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, leveraging sector expertise and networks.
Relay Ventures is an early-stage venture capital firm that backs founders from pre-seed and seed through later financing stages, focusing on companies solving major pain points in large, high-growth markets.
ForgePoint Capital is a thesis-driven venture firm investing in early-stage companies in cybersecurity, AI, and infrastructure software.
GV (Google Ventures) is a venture capital firm that has invested in artificial intelligence and machine learning since its early days, building a global portfolio of more than 100 AI companies across infrastructure, life sciences, and applications.
Craft Ventures is a venture capital firm run by a team of former founders, operators, and investors who partner closely with founders to help build and scale technology companies.
Bessemer Venture Partners is a global venture capital firm that partners with entrepreneurs across enterprise, consumer, and healthcare sectors from early stages through growth.
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
SOSV is a deep tech venture capital firm that makes first-check pre-seed investments and follow-on rounds in startups focused on human and planetary health, providing lab space and hands-on support at its US locations.
▶21 more co-investors
Mayfield FundAccompliceInitialized CapitalCoinbase VenturesNextGen Venture PartnersSilverton PartnersNext Coast VenturesAZ-VCAsset Management VenturesFirefly HealthSV Health InvestorsMeridian Street CapitalTencent HoldingsRPM VenturesCVS Health VenturesHealthQuest CapitalFlyover CapitalAction Potential Venture Capital Ltd.Saltagen Venturesmark vcGermin8 Ventures
Firms observed investing alongside Sandbox Industries, from public investor directories. Shared companies are the overlap with Sandbox Industries's recorded portfolio.
Similar investors
Khosla Ventures is a venture capital firm that invests in early-stage companies focused on technology, mobile, and clean energy sectors, including biotechnology applications. The firm provides capital and strategic support to entrepreneurs developing breakthrough technologies across multiple markets.
MDI Ventures is the corporate venture capital arm of Telkom Indonesia, investing in and building synergies between technology startups and Indonesian enterprises. It manages a multi-fund platform (including Centauri Fund, Arise, and sector-specific funds) with a portfolio of 80+ companies.
Elaia is a venture capital firm that partners with entrepreneurs from company inception through to market leadership, supporting them across their growth journey.
Truffle Capital is an independent European venture firm that creates, finances, and develops technology companies in Life Sciences (MedTech and Biotech) and Deeptech applied to finance (Fintech and Insurtech).
INP Capital is a global investment firm that invests across the full company life cycle, from early stage to pre-IPO, seeking to identify and back emerging technology companies as they scale toward unicorn status.