I/VC  Sandbox Industries


     Office Locations:

1000 W. Fulton Market
Chicago, IL 60607
Phone: 312-243-4100
Fax: 312-243-4110



  • Early
  • Seed



  • Information Technology
  • Life Sciences & Healthcare



    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.

    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
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Growth Stage
    (also called Mid-stage)
    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

    Investment Team:

    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription.
    Anna Haghgooie Managing Director
    Bob Shapiro Chairman
    Dan Philipps Managing Director
    Lon Chow Managing Director
    Matt Downs CEO


    Recent Funding Events (trailing 12 months):










      Series B







    Portfolio companies include:

      A Fresh Squeeze
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      Axial Healthcare
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      BFF Gemz
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      Bloom Health
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      Change Healthcare
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      Essence Group Holdings
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      Get Fresh
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      Kit Lab42
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      Lost Crates
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      Morgan Street Document Systems
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      Solera Health
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      The Brain Store
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    Recent News: