Overview

What they do
Sandalphon Capital is a micro venture capital firm focused on early stage (Seed and Series A) investments. Industry focus: B2B SaaS, FinTech, Real Estate Tech / PropTech, Tech-Enabled Healthcare Services / Healthcare IT, IoT / Hardware with Recurring Revenue Geographic focus: Chicago, the Midwest, and other relatively underserved markets, NY (primarily for FinTech and Real Estate Tech), others opportunistically. We are focused on finding strong management teams and problem-solving, tech-enabled business models that will scale into high margin, recurring revenue businesses.
sandalphoncapital.com
What they look for
Themes: Digital Transformation: enabling incumbents through technology | Digital Reinvention: displacing incumbents through enterprise-wide tech-from-the-ground-up business models. Business Models: B2B SaaS | Marketplaces.
sandalphoncapital.com
Stage
Pre-seed, Seed, Series A
sandalphoncapital.com
Sectors
SaaS, Fintech, Govtech and defence, Healthcare, Marketplace, Proptech
sandalphoncapital.com
Based
Chicago, US
sandalphoncapital.com

Sources

2026-09-02sandalphoncapital.comA Midwest VC firm focused on Pre-Seed, Seed and Series A rounds
2026-09-02sandalphoncapital.comProsperStack
2026-09-02sandalphoncapital.comProsperStack
2026-09-02sandalphoncapital.comJonathan Ellis Founder & General Partner Jonathan Ellis is the Founder and General Partner of…

Portfolio, cheque size and the rest

The 48 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.

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