Sandbox Industries
SEC exempt reporting adviser (venture capital exemption).
- HQ
- IL
Sandbox Industries brings incumbents and entrepreneurs to the same table, aiming to turn promising technology into signed contracts and adopted solutions. The team is led by Co-CEOs and Managing Partners Chris Zock and Matt Downs, and includes founder and partner Nick Rosa along with other partners, vice presidents, and associates.
01 · Says / Does
| Tag | Says | Does | Historically (to 2020) |
|---|---|---|---|
| Stages | Not stated | Not enough dated deals | Series A, Seed, Series B, Growth |
| Sectors | Insurtech, Healthtech, Medical devices | Not enough dated deals | Healthtech, Consumer, Digital health, Data analytics |
| Regions | Not stated | Not enough dated deals | IL, TN, NY |
Says: what the firm's funds state. Does: from 0 dated deals in the last 24 months.
Historical focus (through 2020), derived from historical deal data.
| Year | Deals | Top sectors |
|---|---|---|
| 2000 | 1 | None |
| 2008 | 1 | Enterprise SaaS |
| 2009 | 1 | Healthtech |
| 2010 | 4 | Healthtech, Media, AI applications |
| 2011 | 5 | Ecommerce, Fintech |
| 2012 | 8 | Healthtech, Consumer, Edtech |
| 2013 | 7 | Healthtech, Biotech, Consumer |
| 2014 | 6 | Healthtech, AI applications, Consumer |
| 2015 | 9 | Healthtech, Consumer, Digital health |
| 2016 | 7 | Healthtech, Cybersecurity, Data analytics |
| 2017 | 4 | Healthtech, Digital health |
| 2018 | 5 | Healthtech, Data analytics, AI applications |
| 2020 | 1 | Consumer, Digital health, Healthtech |
Stage mix over time
- Pre-seed
- Seed
- Series A
- Series B
- Growth
| Year | Pre-seed | Seed | Series A | Series B | Growth |
|---|---|---|---|---|---|
| 2010 | 0 | 1 | 1 | 0 | 2 |
| 2011 | 0 | 4 | 1 | 0 | 0 |
| 2012 | 0 | 4 | 3 | 0 | 1 |
| 2013 | 0 | 2 | 2 | 0 | 1 |
| 2014 | 0 | 0 | 3 | 2 | 1 |
| 2015 | 0 | 2 | 5 | 1 | 1 |
| 2016 | 0 | 0 | 3 | 3 | 0 |
| 2017 | 0 | 0 | 1 | 2 | 1 |
| 2018 | 0 | 0 | 0 | 5 | 0 |
| 2019 | 0 | 0 | 0 | 0 | 0 |
| 2020 | 0 | 0 | 0 | 0 | 1 |
| 2021 | 0 | 0 | 0 | 0 | 0 |
| 2022 | 0 | 0 | 0 | 0 | 0 |
| 2023 | 0 | 0 | 0 | 0 | 0 |
| 2024 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 0 | 0 |
| 2026 | 0 | 0 | 0 | 0 | 0 |
02 · Fund history
| Fund | Year | Size | Status |
|---|---|---|---|
| Sandbox Clinical Ventures Fund, LP Sandbox Industries backs startups in regulated industries where adoption is hard, bringing incumbents and entrepreneurs together to turn promising technology into signed contracts and adopted solutions across healthcare, clinical, and insurtech. Inferred from the firm's website | 2023 | $79.5M to $100M (Form D) | Open, writing first checks |
| BlueCross BlueShield Venture Partners V, LLC Sandbox Industries backs startups in regulated industries where adoption is hard, bringing incumbents and entrepreneurs together to turn promising technology into signed contracts and adopted solutions across healthcare, clinical, and insurtech. Inferred from the firm's website | 2022 | $370.1M (Form D) | Late investment period |
| Sandbox Insurtech Fund II, LP Sandbox Industries backs startups in regulated industries where adoption is hard, bringing incumbents and entrepreneurs together to turn promising technology into signed contracts and adopted solutions across healthcare, clinical, and insurtech. Inferred from the firm's website | 2021 | $65.31M to $100M (Form D) | Late investment period |
03 · People across funds
- Christopher Zock, Managing Member of the General Partner
Sandbox Insurtech Fund II, LP (Named on Form D)
- Emir Sandhu, Managing Member of the General Partner
Sandbox Clinical Ventures Fund, LP (Named on Form D)
- Gretchen Hayes, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Named on Form D)
- John Banta, President and Managing Director of the Issuer
BlueCross BlueShield Venture Partners V, LLC (Named on Form D)
- Juan Lopez, Chair of the Board of the Issuer
BlueCross BlueShield Venture Partners V, LLC (Named on Form D)
- Matthew Downs, Managing Member of the General Partner
Sandbox Clinical Ventures Fund, LP (Named on Form D); Sandbox Insurtech Fund II, LP (Named on Form D)
- Thomas Hawes, Managing Member of the General Partner
Sandbox Clinical Ventures Fund, LP (Named on Form D)
- Chris Zock, Co-CEO and Managing Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Dan Phillips, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Dr. Emir Sandhu, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Dr. Tom Hawes, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Jeff Carroll, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Kelly Carlquist, Vice President
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Kelsey Maguire, Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Liam McDonald, Vice President
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Matt Downs, Co-CEO and Managing Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Nick Rosa, Founder and Partner
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Noah Trapp, Associate
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Richard Antwi-Boasiako, Vice President
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Ryan Lynch, Associate
Sandbox Clinical Ventures Fund, LP (Team); BlueCross BlueShield Venture Partners V, LLC (Team); Sandbox Insurtech Fund II, LP (Team)
- Dr. Thomas Schenk, ADVISOR, HEALTHCARE
On the team page, not linked to a fund
- Thomas Priselac, ADVISOR, HEALTHCARE
On the team page, not linked to a fund
04 · Recent deals
No dated deals found yet.
05 · Latest from the firm
No news from the firm's website yet.
06 · Sources
- https://www.sandboxindustries.com
- https://www.sandboxindustries.com/contact
- https://www.sandboxindustries.com/team
- https://www.sandboxindustries.com/
Fund dates and sizes are from SEC Form D filings.
Last verified: Oct 28, 2026