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Office Locations:
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1000 W. Fulton Market #213
Chicago, IL 60607
Phone: 312-243-4100
Fax: 312-243-4110
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Information Technology
Life Sciences & Healthcare
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Founded in 2003, Sandbox Industries is an early-stage venture capital firm located in Chicago. The Sandbox team incubates new businesses and engages in fund management activities. Sandbox Ventures is an $18.8 million seed stage fund that invests in businesses at the idea or early concept phase. The fund was created primarily for businesses incubated by Sandbox Industries but the firm also considers ideas brought to it by independent entrepreneurs. Sandbox's investment amount ranges from $50k to $2 million. Sandbox is also the exclusive manager of the BlueCross BlueShield Venture Fund. BlueCross BlueShield Venture Partners, L.P. is a $116 million corporate venture fund, sponsored by the BlueCross BlueShield Association, and invests up to $10 million in each portfolio company. The fund's objective is to invest in promising emerging companies of strategic relevance to the 11 BlueCross BlueShield companies that have made voluntary capital commitments. The Sandbox Industries Incubator is in the business of creating, developing and investing in new businesses. Sandbox employs a comprehensive business development process that takes new businesses from conception to successful operation and liquidity. About 1,000 plausible ideas for new businesses are required in order to launch 2-6 businesses per year.
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Investment Firm Key
VC = Venture Capital
PE = Private Equity
A = Angel
I = Incubator
MB = Merchant Bank
VD = Venture Debt
FI = Family Investment Office
FOF = Fund of Funds
ED = Economic Development Office
TT = Technology Transfer Office
CVC = Corporate Venture Capital
SEC = Secondary Purchaser
HF = Hedge Fund/Mutual Fund
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COMPANY STAGE | REVENUE |
Venture Capital | |
Seed Stage (includes "pre-seed," or concept stage) | No Revenue |
Early Stage | Minimal Revenue |
Growth Stage (also called Mid-stage) | $2M-$7M |
Expansion Stage (also called Late-stage) | $7M and greater |
Private Equity | |
Lower Middle Market | $10M-$249M |
Middle Market | $250M-$499M |
Upper Middle Market | $500M-$1B |
Large Cap | >$1B |
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