Fundraising Fox

Sandbox Industries

Venture capital

Chicago · Seed–Growth · 44 people tracked

Also known as 213 MANAGEMENT, LLC · SANDBOX HOLDINGS, LLC · SANDBOX INVESTMENT MANAGEMENT, LLC

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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 3, 2026.

Stage
Seed–Growth
HQ
Chicago, Illinois, US
Leads rounds
Follows
Instruments
Equity
Founded
2003
Private fund assets
$124.8M
VC funds
4
Tracked investments
31

Team · 44 people

from the firm's website & public directories
David Haddadin𝕏

What they invest in

from 14 of 31 portfolio companies

AI & Machine Learning ×6Biotech ×4AgTech ×3Enterprise Software ×3FoodTech ×3Healthtech ×3InsurTech ×3SaaS ×3

HQs:United States×9Ireland×1Mexico×1

Investments · 31 tracked

founders shown can be your intro path
Octaveoctavebio.com✓ verified

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)

Advanced Animal Diagnosticsadvanced-animal-diagnostics.com
Confianzaconfianza.com

Confianza.mx is a Mexican surety bond (fianzas) broker offering bonding solutions through partnerships with insurance companies in the sector.

FintechInsurTech

Cooks Venturecooks-venture.com
Copper Cow Coffeecopper-cow-coffee.com
Culture Biosciencesculture-biosciences.com
Data Worlddata-world.com
Datadimensionsdatadimensions.comin𝕏

Data Dimensions provides technology-enabled services for medical records management, claims processing, eBilling, document management, and business process automation.

AI & Machine LearningGovTechHealthtech

Debutdebut.com

Debut Ventures is an advisory firm that works alongside leadership teams on market validation, fractional CxO support, and crisis management and turnarounds for early-stage and high-potential companies.

Enterprise Software

Descartes Labsdescartes-labs.com

Santa Fe, US

Suzanne McBride(Director)Mark Johnson(Executive Officer, Director, Promoter)Eric Chin(Director)Andrew Ziolkowski(Director)James Montgomery(Director)

Full Harvestfull-harvest.com
Geltorgeltor.comin𝕏
Gradient Healthgradientai.comin

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)Ouwen Huang(Executive Officer, Director)Shana Barghouti(Director)Satish Tadikonda(Director)Matt Bailey(Director)Joshua Miller(Executive Officer, Director)

Indicoindico.comin

Indico offers an Intake and Orchestration Platform for insurance operations that ingests, enriches, and orchestrates unstructured documents such as loss runs, SOVs, ACORDs, and emails into structured, downstream-ready data.

AI & Machine LearningInsurTechSaaS

IngredientWerksingredientwerks.com

IngredientWerks is a molecular farming company that engineers crops to produce animal-identical proteins as plant-based ingredients for the alternative protein food market.

AgTechBiotechFoodTechWoburn, US

Steve Snyder(Director)Clinton Bybee(Director)Ronald Warner Meeusen(Director)James Schultz(Director)Matthew Plavan(Executive Officer, Director)

Intellivointellivo.comin

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

Layrlayr.comin𝕏

Layr designs and installs window film solutions for commercial buildings and residential properties, addressing issues like heat, glare, UV fading, privacy, security, and energy costs.

Construction TechEnergyPropTechNew York City, US

Will Pulman(Founder & CEO)

Leafleaf.com
Novihumnovihum.com
NURITASnuritas.comin

Nuritas uses AI to discover bioactive peptides in plants and other natural sources and validates them through clinical trials, producing health ingredients such as PeptiStrong, PeptiSleep, and PeptiYouth.

AI & Machine LearningBiotechFoodTechDublin, IE

Dr. Nora Khaldi(Founder & CEO)John Casey(Chief Manufacturing & Supply Chain Officer)Conor Walshe(Chief Financial Officer)Alison Anderson(Chief People Officer)

Payfone

New York, US

Eric Woodward(Director)Stuart Ellman(Director)Rodger Desai(Executive Officer, Director)Thomas FitzSimmons(Executive Officer)Michael Brody(Director)Kevin Talbot(Director)

Phylagenphylagen.com
Proveprove.comin𝕏
Reinrein.com
Rollickrollick.com
Sound Agriculture

AgTechEmeryville, US

Cheryl Martin(Director)Paul Beck(Executive Officer)Dave Vosburg(Executive Officer)Adam Litle(Executive Officer, Director)Paimun Amini(Director)David Pierson(Director)

Supergutsupergut.com𝕏

Supergut makes fiber-based food and supplement products aimed at supporting gut microbiome health for consumers.

Direct to ConsumerFoodTechWellness & Fitness

Swoopswoop.comin
Verituityverituity.com

Verituity provides a verified payouts platform with pay-by-anything capabilities, aimed at making disbursements accurate, verified, and delivered on time for banks, payers, and payees.

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)

Vestaron, Inc.vestaron.comin

Vestaron Corporation makes peptide-based biological crop protection products, including its SPEAR family of bioinsecticides, for use in agriculture.

AgTechBiotechCleantechNew MaterialsKalamazoo, US

Juan Estupinan(Executive Officer, Director)Dawn de los Santos(Executive Officer)Robert Kennedy(Executive Officer)Elin D. Miller(Director)Philip Austin(Director)Ron Meeusen(Director)

Yard Stickyard-stick.com

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 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 team

Sandbox Industries' Nick Rosa: On Entrepreneurship

ExcelerateLabs · Nick Rosa

Images

Sandbox Industries photoSandbox Industries photoSandbox Industries photoSandbox Industries photoSandbox Industries photoSandbox Industries photo

Co-investors · 33

RRE Ventures

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.

Both backed · 1
$5M – $15M
Oak HC/FT

Oak HC/FT is a growth equity firm that partners with founders building companies in healthcare and financial services, with a focus on enterprise technology and AI.

Both backed · 1
Prove
Relay Ventures

Relay Ventures is an early-stage venture capital firm that backs founders from pre-seed and seed through later financing stages, focusing on ideas that address major pain points in large, fast-growing markets.

Both backed · 1
Prove
$500K – $10M
.406 Ventures

.406 Ventures is an early-stage venture capital firm that partners with founders building companies in healthcare, data and AI, and cybersecurity.

Both backed · 1
$1M – $4M
Northpond Ventures

Northpond Ventures is a science- and technology-driven investment firm that backs breakthrough businesses aiming to have a significant impact on humanity.

Both backed · 1
$100K – $5M
ForgePoint Capital

ForgePoint Capital is a thesis-driven venture firm investing in early-stage companies in cybersecurity, AI, and infrastructure software.

Both backed · 1
$5M – $50M
GV (Google Ventures)

GV (formerly Google Ventures) is a venture investment firm that backs founders across many industries, aiming to build long-term relationships and support companies across multiple stages and milestones.

$250K – $50M
Craft Ventures

Craft Ventures is a venture capital firm founded and run by former founders, operators, and investors who provide startups with hands-on support, senior talent access, and proven scaling playbooks.

$50K – $50M
Bessemer Venture Partners

Bessemer Venture Partners is a venture capital firm that partners with entrepreneurs from early stages through every stage of growth, publishing investment roadmaps across multiple technology sectors.

$5M – $100M
Khosla Ventures

Khosla Ventures is a venture capital firm known for backing bold, contrarian bets in world-class teams that can reshape entire industries.

$5K – $50M
SOSV

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.

$30K – $550K
Mayfield Fund

Mayfield Fund is a venture capital firm publishing perspectives on artificial intelligence, focusing on what it calls the Collaborative Intelligence era where humans and AI work together.

$500K – $12M
21 more co-investors

AccompliceInitialized 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 VenturesBlueCross BlueShield Venture Partnersmark vcGermin8 Ventures

Firms observed investing alongside Sandbox Industries, from public investor directories. Shared companies are the overlap with Sandbox Industries's recorded portfolio.

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