Sandalphon Ventures

Emerging manager

Built from this firm's Form D filings. The firm files no SEC adviser report.

Website: https://sandalphoncapital.com
HQ: IL

Sandalphon Ventures is a Midwest-focused venture firm investing at pre-seed, seed and Series A stages across the US, with deep roots in Chicago. Jonathan Ellis is Founder and General Partner, and Nevin Ramanujan is a Partner focusing on early stage healthcare investing. Portfolio companies include CRE Simple, Balto Software, Jiobit, The Minte, Truss, TripScout and Array.

New fund likely raising soon

The firm's newest fund is 4 to 7 years past its first sale and no newer Form D has been filed.

01 · Says / Does

Tag	Says	Does
Stages	Not stated	Not enough dated deals
Sectors	Not stated	Not enough dated deals
Regions	Not stated	Not enough dated deals

Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.

02 · Fund history

Fund	Year	Size	Status
Sandalphon Ventures II, LP	approx. 2021	$20M (Form D)	Follow-ons only

03 · People across funds

Jonathan Ellis, Member and Manager of Issuer?s Manager
Sandalphon Ventures II, LP (Named on Form D)
Nevin Ramanujan, Partner - Healthcare
Sandalphon Ventures II, LP (Team)

04 · Recent deals

No dated deals found yet.

05 · Latest from the firm

No news from the firm's website yet.

06 · Sources

Fund dates and sizes are from SEC Form D filings.

Last verified: Oct 25, 2026