About Sandbox Industries
Sandbox Industries is a venture capital firm founded in 2003. It is primarily based out of Chicago, United States. As of Jan 2025, Sandbox Industries is an active investor, having invested in 43 companies, with 1 new investment in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to HealthTech and FinTech. Most recently it led the $19.8M Series B round of Verituity along with ForgePoint Capital. This round also saw participation from Ardent Venture Partners and other investors.
Overall, Sandbox Industries portfolio has seen 1 unicorn, 2 IPOs and 16 acquisitions including key companies like Change Healthcare, Phreesia and NICE. A lot of funds co-invest with Sandbox Industries, with names like BVF sharing a substantial percentage of its portfolio.
Sandbox Industries has team of 38 people including 17 partners.
Key Metrics
Team Members
, &
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed &
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
& Gradient
Sandbox Industries' List of Top Investments
Sandbox Industries has a portfolio of 43 companies, one of which is a Unicorn. Their most notable investments are in Lumiata and NICE.Their portfolio spans across United States, India and Canada. They have invested in Enterprise Applications, HealthTech, FinTechÌý²¹²Ô»å 14 other sectors, across stages such as Series A, Seed Ìý²¹²Ô»å 5 more. Here is the list of top investments by Sandbox Industries:Cloud-based suite solution for payers, providers and patients. It helps employers to optimize existing wellness programs and on-site clinics. It utilizes proprietary data analysis to generate specific cost information, targeted savings opportunities, and personalized messaging. The features include patient engagement, revenue cycle management, and more.
Key facts about Change Healthcare
- Founded Year: 2007
- Location: Nashville (United States)
- Annual Revenue: $1.35B as on Dec 31, 2014
- Stage: Acquired
- Total Funding till date: $36M
- Employee Count: 11,310 as on Dec 31, 2022
- Investors: Hellman & Friedman, Mitsui Global Investment and 13 Others
- Latest Funding Round: Conventional Debt, Aug 29, 2019, $785M
- Highlight: Acquired
2. Phreesia
Provider of a patient check-in and registration platform for healthcare organizations. The platform replaces the outdated patient clipboard with a free wireless touch screen and swipe card enabled PhreesiaPad. The patient self-service solution includes electronic payment applications, clinical and administrative data collection, and consent form management, online appointment & referral management, revenue cycle management, registration, clinical screening tools, patient engagement.
Key facts about Phreesia
- Founded Year: 2005
- Location: New York City (United States)
- Annual Revenue: $281M as on Jan 31, 2023
- Stage: Public
- Total Funding till date: $109M
- Employee Count: 1,061 as on Dec 31, 2022
- Investors: Polaris Partners, Ascension Ventures and 17 Others
- Latest Funding Round: Post IPO, Nov 13, 2019, $29.4M
- Highlight: Public
3. NICE
Cloud based platform offering customer experience management software. The platform offers bots for automating customer support tasks. It offers tools for customer entry points, journey management, issue monitoring, and delivery management. It also offers tools for bot management and AI based voice authentication.
Key facts about NICE
- Founded Year: 1986
- Location: Hoboken (United States)
- Annual Revenue: $222M as on Dec 31, 2015
- Stage: Public
- Total Funding till date: $39.1M
- Employee Count: 8,384 as on Dec 31, 2023
- Investors: HarbourVest Partners, Morgan Stanley and 8 Others
- Latest Funding Round: Post IPO, Aug 2020, $460M
- Highlight: Public
4. Lumeris
Lumeris is provider of population health management solutions to health systems, payers and providers.The company claims to empower providers and their accountable care teams with process improvement strategies, technology tools and clinical workflows to manage their patients and populations effectively. The company aims to help improve the clinical and financial outcomes of healthcare organizations. Lumeris operates as a subsidiary of Essence Group Holdings Corporation.
Key facts about Lumeris
- Founded Year: 2001
- Location: Maryland Heights (United States)
- Valuation: $1B as on Mar 29, 2022
- Stage: Series D
- Total Funding till date: $241M
- Employee Count: 1,375 as on Dec 31, 2022
- Investors: SLR Investment Corp, Deerfield and 9 Others
- Latest Funding Round: Series D, Apr 02, 2024, $100M
- Highlight: Editors' Pick
5.
Offers a digital platform to connect people with licensed therapists and coaches. Plan members have to take a questionnaire to assess their level of need, and the platform matches them with a behavioral health coach and a therapist through a phone or video chat. Individuals can privately access the 22-question, app-based screener without officially enrolling in a program. The tool is based on clinically-validated assessments such as the PHQ2 and GAD2, which screen for common behavioral and mental health conditions, and is intended for people dealing with stress from any number of things such as major life events or transitions, substance abuse, trauma, depression or anxiety. Goals are set as part of an eight-week personalized program.
Key facts about AbleTo
- Founded Year: 2008
- Location: New York City (United States)
- Stage: Acquired
- Total Funding till date: $66.1M
- Employee Count: 1,125 as on Dec 31, 2022
- Investors: HLM Venture Partners, Bain Capital Ventures and
- Latest Funding Round: Series D, Jan 08, 2019
- Highlight: Acquired
Sandbox Industries' Year-on-Year Investment Trends
Sandbox Industries has invested in 43 companies over the last 17 years, with an average of 2 new investments annually in the last 10 years. In 2024, it made 4 investments, while as of Jan 2025, it has made 1 investment in this year. Its most recent first time investment was in and most recent follow-on round was in Gradient.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 1 | 0 | 1 |
2024 | 2 | 2 | 4 |
2023 | 0 | 1 | 1 |
2022 | 3 | 0 | 3 |
2021 | 1 | 0 | 1 |
2020 | 1 | 2 | 3 |
2019 | 0 | 0 | 0 |
2018 | 2 | 4 | 6 |
2017 | 0 | 2 | 2 |
2016 | 3 | 6 | 9 |
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Sandbox Industries' Investments by Stage
Sandbox Industries has made 20 investments in Series A stage with an average round size of $5.79M, 8 investments in Seed stage with an average round size of $2.2M and 8 investments in Series B stage with an average round size of $15.2M.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series A | 20 |
Seed | 8 |
Series B | 8 |
Series C | 3 |
Angel | 1 |
Others | 2 |
Sandbox Industries' Investments by Sector
Sandbox Industries has a diverse portfolio, with companies operating in the Enterprise Applications, HealthTech, Vertical SaaS, FinTech and InsurTech. Notably, it has invested in 37 Tech companies, 29 Enterprise (B2B) companies, 24 Software companies and at least 21 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 26 |
HealthTech | 20 |
Vertical SaaS | 16 |
FinTech | 12 |
InsurTech | 8 |
Others | 28 |
Sandbox Industries' Investments by Geography
Sandbox Industries has made most investments in United States (40), followed by Canada where it has made 1 investment.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 40 |
Canada | 1 |
India | 1 |
Sandbox Industries' recent investments
Here are the most recent investments by Sandbox Industries:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 23, 2025 | United States | Series A | $5M | BVF [+6] | |
Jun 28, 2024 | United States | Series C | $56.1M | ||
Jun 06, 2024 | United States | Series B | $19M | .406 Ventures [+3] | |
Apr 15, 2024 | United States | Series B | $19.8M | ForgePoint Capital [+2] | |
Apr 02, 2024 | United States | Series D | $100M | Deerfield [+4] |
Get the detailed list of all investments by Sandbox Industries. Download now!Unicorns in Sandbox Industries' Portfolio
Here is a list of unicorns in Sandbox Industries' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
53 | Provides cardiovascular diagnostic support using analytics | 2007 | Redwood City | Series F | zuqlfkw |
IPOs and Publicly Listed companies in Sandbox Industries' Portfolio
Here are Sandbox Industries' portfolio companies that went public:
Acquired companies in Sandbox Industries' Portfolio
Here are Sandbox Industries' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 03, 2025 | Apr 06, 2022 | Series A | $16.1M | |
Nov 25, 2024 | Jan 27, 2016 | Series A | $5M | |
Jan 09, 2023 | Jan 12, 2016 | Series A | $3M | |
Oct 03, 2022 | Jan 09, 2012 | Series C | $9.3M | |
Jun 15, 2022 | Dec 09, 2015 | Series A | $3.5M |
Team profile of Sandbox Industries
Sandbox Industries has a team of 38 membersÌýincluding 17 Partners, 1 Venture Partner and 7 PrincipalsÌýlocated in United States. Sandbox Industries' team does not sit on the board of any company as of now.Here is a list of top team members in Sandbox Industries:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Chicago | - | ||
Partner | Chicago | - | - | |
Partner | Chicago | - | ||
Partner | Austin | - | ||
Partner | Chicago | - | - | |
Partner | Chicago | - | - | |
Partner | Chicago | - | - | |
Partner | Chicago | - | - | |
Partner | Chicago | - | - | |
Partner | Chicago | - | - | |
Partner | New York City | - | - |
Get the full list of Sandbox Industries' team & partners for free. Download now!Co-investors of Sandbox Industries
Over the past 17 years, 289 investors have co-invested in Sandbox Industries's portfolio companies.
- Invested before Sandbox Industries:ÌýTechstars, Sandbox Insurtech Ventures and 61 others have invested in rounds before Sandbox Industries. There are 3 companies where Techstars has invested before Sandbox Industries and 3 companies where Sandbox Insurtech Ventures has invested before Sandbox Industries.
- Top Co-investors of Sandbox Industries:Ìý39 investors entered a company along with Sandbox Industries. These include investors like BVF (20 companies).
- Invested after Sandbox Industries:ÌýA total of 187 investors have invested in Sandbox Industries's portfolio after their investments. Top Investors include HLM Venture Partners (3 companies), Noro-Moseley Partners (2 companies) and .406 Ventures (2 companies).
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