Sandbox Industries is a Chicago-based venture capital firm founded in 2003 by Bob Shapiro and Nick Rosa. The firm connects established corporations with disruptive startups through strategic venture funds, notably managing the Blue Venture Funds in partnership with Blue Cross Blue Shield companies, focusing on healthcare, insurance, and sustainability.
They made 2 investments in the last 12 months. Average disclosed round size is $22.5M (across 19 rounds with reported amounts).
Portfolio
17
Fund Size
—
Top Stage
Unknown
Last 12 Mo
2
Team
Mark R. Bartlett
VENTURE PARTNER
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
21 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Anzen | Series A | $16M | Nov 2025 |
 Anzen | Series A | $16M | Nov 2025 |
 Verituity | Series A | — | Jun 2024 |
 Humata Health | Unknown | $25M | Jun 2024 |
 Indico Data | Series B | $19M | Jun 2024 |
 Indico | Unknown | $19M | Jun 2024 |
 Lumeris | Growth | $100M | Apr 2024 |
| CCosmo Media Labs | Unknown | — | Sep 2022 |
 Abacus Insights | Series C | $28M | Jun 2022 |
| Abacus Insights | Series C | $28M | Jan 2022 |
| LLumiata | Series B | $14M | Jan 2021 |
| Abacus Insights | Series A | $12.7M | Jan 2019 |
| LLumiata | Unknown | $11M | Jan 2018 |
| SSwipeSense | Unknown | $10.6M | Dec 2017 |
 AbleTo | Series D | $36.6M | Aug 2017 |
| IID Experts | Unknown | $27.5M | Aug 2016 |
| LLumiata | Unknown | $10M | May 2016 |
 ZeOmega | Growth | $21.5M | Sep 2013 |
 Layr | Series A | $10M | — |
 SonarMD | Series A | $10M | — |
 InsightIn Health | Series A | $12M | — |
Top Co-Investors
.406 Ventures7 shared
The Blue Venture Fund6 shared
Horizon Healthcare Services3 shared
Allegis3 shared
Khosla Ventures3 shared
Madrona Venture Group2 shared
Guidewire Software2 shared
Jump Capital2 shared
CRV2 shared
Intel Capital2 shared
BlueCross BlueShield Venture Partners2 shared
Kleiner Perkins1 shared
Deerfield1 shared
SNR Ventures1 shared
Scale Venture Partners1 shared
HLM Investment Partners1 shared
Bain Capital Ventures1 shared
Forgepoint Capital1 shared
MTech Capital1 shared
Ardent Venture Partners1 shared
Last updated: 8 September 2026