Discover if this is a suitable investor for your startup. If they are we'll make a warm introduction for free. Otherwise, we'll connect you with matching investors.
Sandalphon Capital is a venture capital firm founded in May 2016 and headquartered in Chicago, Illinois. The firm focuses on early-stage investments, particularly in the Pre-Seed, Seed, and Series A funding rounds. Sandalphon Capital is dedicated to supporting startups that leverage technology to drive innovation across various sectors.
Currently, Sandalphon Capital manages a portfolio of seven companies, with a strong emphasis on sectors such as healthcare, insurtech, fintech, proptech, and govtech. The firm typically invests between $100,000 and $2 million per startup, targeting companies that are poised for growth and innovation. Sandalphon Capital has achieved notable exits, including Avail and Truss, which were acquired by realtor.com and Avison Young, respectively.
With a commitment to enhancing the startup ecosystem, Sandalphon Capital actively seeks partnerships with entrepreneurs who are transforming industries through technology. The firm primarily focuses on the Midwest region of the United States, aiming to support underserved markets and foster innovation.
Sandalphon Capital invests primarily in early-stage startups, specifically in the Pre-Seed, Seed, and Series A funding stages. The firm typically writes checks ranging from $100,000 to $2 million, allowing for significant support during critical growth phases. Sandalphon Capital's investment strategy encompasses a diverse array of sectors, including healthcare, insurtech, fintech, proptech, and govtech.
The firm emphasizes investments in companies that leverage technology to innovate and disrupt traditional business models. Sandalphon Capital is particularly interested in B2B SaaS and marketplace business models, which align with their thesis of digital transformation and reinvention. Notably, the firm avoids investments in sectors such as crypto, life sciences, biotech, pharmaceuticals, medical devices, and advanced materials, focusing instead on areas where they can add the most value.
Sandalphon Capital's portfolio includes seven notable companies, each contributing to various sectors:
Additionally, Sandalphon Capital has achieved notable exits with companies like Avail, acquired by realtor.com, and Truss, acquired by Avison Young. These successful exits highlight the firm's ability to identify and support high-potential startups.
Jonathan Ellis: Founder & General Partner. Jonathan has extensive experience in venture capital and has led numerous successful investments in early-stage startups across various sectors.
Nevin Ramanujan: Partner - Healthcare. Nevin specializes in healthcare investments and has a strong background in supporting startups within the healthcare technology space.
To pitch Sandalphon Capital, founders should use the submission forms available on their website. It is essential to include a comprehensive deck that outlines the business model, market opportunity, and financial projections. The firm prefers detailed information about the team and their backgrounds, as well as any traction the startup has achieved.
Response times may vary, but founders can expect to hear back within a few weeks after submission. Sandalphon Capital values warm introductions, so leveraging connections within their network can enhance the chances of a successful pitch.
As of March 2023, Sandalphon Capital has been actively investing in early-stage startups, with a notable portfolio that includes companies like Itiliti Health and Kin Insurance. The firm has achieved several successful exits, indicating a strong track record in the venture capital space.
Recent investments include new funding rounds for portfolio companies, although specific details on these transactions have not been disclosed publicly. The firm continues to focus on expanding its portfolio in the healthcare and fintech sectors.
What are Sandalphon Capital's investment criteria?
Sandalphon Capital focuses on early-stage investments in sectors such as healthcare, fintech, insurtech, proptech, and govtech. They typically invest in Pre-Seed, Seed, and Series A rounds, with check sizes ranging from $100,000 to $2 million.
How can startups apply or pitch to Sandalphon Capital?
Startups can submit their applications through the Sandalphon Capital website. There are specific submission forms for Pre-Seed and Seed/Series A startups, which can be accessed via their contact page.
What makes Sandalphon Capital different from other venture firms?
The firm emphasizes investments in underserved markets, particularly in the Midwest region of the United States. Their focus on sectors like digital health and fintech, combined with their operational support for portfolio companies, sets them apart.
What is Sandalphon Capital's geographic scope?
Sandalphon Capital primarily invests in the United States, with a strong focus on the Midwest and underserved markets. They generally avoid investments in the Bay Area.
What kind of post-investment involvement does Sandalphon Capital have?
The firm provides strategic guidance, industry connections, and operational support to help startups navigate early growth challenges. This involvement is crucial for the success of their portfolio companies.
What is the typical fund size and check size for Sandalphon Capital?
Sandalphon Capital typically invests between $100,000 and $2 million in each startup, focusing on early-stage funding rounds.
All trademarks, logos and brand names are the property of their respective owners. All company, product and service names used in this website are for identification purposes only. Use of these names, trademarks, and brands does not imply endorsement.