Sandbox Industries

Incubator, Accelerator · (United States)

Incubator, Accelerator

Pre-Seed

Seed

AI

Fintech

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About

Sandbox Industries is a Chicago-based venture capital firm founded in 2003 by Robert B. Shapiro and Nick Rosa. The firm specializes in connecting established corporations with disruptive startups through strategic corporate investment funds. Initially, Sandbox operated a startup Foundry, providing seed funding, mentorship, and office space to emerging companies in exchange for equity. Over time, the firm shifted its focus to facilitating partnerships between corporate partners and external entrepreneurs. Notably, Sandbox founded two business accelerators: Healthbox, established in 2011 to support healthcare-related startups, and Excelerate, launched in 2010 to assist tech-enabled startups. These accelerators have since become part of the TechStars accelerator network as TechStars Chicago. Sandbox manages several funds, including the Blue Cross Blue Shield Venture Partners (BCBSVP) Funds I, II, and III, which invest in healthcare-related startups of strategic relevance to BlueCross BlueShield. Additionally, Sandbox co-manages the Cultivian Sandbox Food and Agriculture Fund II, focusing on investments in food and agriculture technology companies. The firm's investment philosophy centers on fostering innovation in critical industries such as healthcare, insurance, and food & agriculture, aiming to drive lasting change and improve human livelihoods.

Investment Criteria

Other investors that have backed the same portfolio companies as Sandbox Industries. Expand any entry to see the shared portfolio companies.

• BlueCross BlueShield Venture Partners, L.P.

  22 shared

  Shared portfolio companies

  • Alacura Holdings, Inc.
  • Axial Healthcare, Inc.
  • Capson Corp.
  • Capson Physicians Insurance Company
  • HeartFlow, Inc.
  • Lumeris Group Holdings Corporation
  • Lumeris Holdings, LLC
  • Myca Health Inc.
  • Nest Healthcare, Inc.
  • Noctrix Health, Inc.
  • Octave Bioscience, Inc.
  • Onc.Ai, Inc.
  • PinkDx, Inc.
  • Prove Identity, Inc.
  • Solera Health, Inc.
  • Somatus, Inc.
  • SonarMD, Inc.
  • Upward Health Inc.
  • Wellspring Healthcare Private Limited
  • Wider Circle, Inc.
  • Workit Health, Inc.
  • ZeOmega, Inc.
• Alumni Ventures

  2 shared

  Shared portfolio companies

  • Anzen Technologies, Inc.
  • Nest Healthcare, Inc.
• Kleiner Perkins

  2 shared

  Shared portfolio companies

  • Lumeris Group Holdings Corporation
  • Lumeris Holdings, LLC
• Oak HC/FT

  2 shared

  Shared portfolio companies

  • Axial Healthcare, Inc.
  • Prove Identity, Inc.
• RRE Ventures

  2 shared

  Shared portfolio companies

  • Prove Identity, Inc.
  • Workit Health, Inc.
• .406 Ventures

  1 shared

  Shared portfolio companies

  • Axial Healthcare, Inc.
• 3Spoke Capital

  1 shared

  Shared portfolio companies

  • HeartFlow, Inc.
• 8VC

  1 shared

  Shared portfolio companies

  • Nest Healthcare, Inc.
• a16z

  1 shared

  Shared portfolio companies

  • Anzen Technologies, Inc.
• AB Ventures

  1 shared

  Shared portfolio companies

  • Swoop Finance Limited