Overview

What they do
Sandbox Industries, founded in 2003, is a Chicago-based venture capital firm with three main business lines: venture funds formed alongside strategic corporate partners, new business accelerator programs, and an innovation consulting business. Sandbox is the exclusive partner for Blue Cross and Blue Shield Venture Partners I and II, which connects entrepreneurs innovating in the healthcare space with 25 Blue plans across the country for strategic investment and partnerships. The Cultivian Sandbox Food & Agriculture Fund II is a leading fund in the US which invests in new technologies in the food and agriculture space. Healthbox, founded in partnership with BCBSVP, is a healthcare accelerator with a presence in several US cities as well as in London. Sandbox is also partnered with TechStars Chicago (formerly Excelerate Labs). The firm's innovation consulting business, Sandbox Innovation Partners, connects established corporations with emerging companies and helps them work together through pilots, partnerships, investments, or acquisitions.
sandboxindustries.com
What they look for
We invest in innovation to drive lasting change in human livelihood. Industry leaders invest in our funds as strategic limited partners, creating unique ecosystems between strategic investors, financial investors and our portfolio companies.
sandboxindustries.com
Stage
Seed, Series A, Series B+
sandboxindustries.com
Sectors
AI, SaaS, Fintech, Healthcare
sandboxindustries.com
Based
Chicago, US
sandboxindustries.com

Sources

2026-09-01sandboxindustries.comSandbox is a separate, independent firm that provides a full range of investment management…
2026-09-01sandboxindustries.comDr. Sandhu focuses on investments from seed to buyout within healthcare services and medical…

Portfolio, cheque size and the rest

The 60 companies they have backed that we can see, the cheque they write, and whether they are deploying right now.

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