Sandalphon Capital

Profile

Sandalphon Capital is a venture capital firm based in the Midwest, with a focus on early-stage investing. It was founded in Chicago and leverages its deep connections in the Midwest and other underserved markets to help startups reach their potential. The firm places a high value on collaboration with entrepreneurs, aiming to maximize positive outcomes for all stakeholders. Sandalphon distinguishes itself by hosting events such as the midwest.tech/connect summit to connect startups with investors.

The firm predominantly invests in Pre-Seed, Seed, and Series A rounds, typically writing checks between $100,000 and $2 million, with an option to co-invest larger sums alongside limited partners. Sandalphon Capital focuses on digital transformation themes across sectors like Digital Health, Insurtech, Financial Services, PropTech, and GovTech. They avoid investing in crypto, life sciences, or advanced materials. The firm's investments are spread across the US, although it avoids the Bay Area, and it has managed multiple funds, including Fund 1 and Fund 2.

Some of Sandalphon Capital's notable investments include Itiliti Health (B2B SaaS in HealthTech), Joe & Bella (eCommerce in Healthcare), ProsperStack (FinTech SaaS), Havoc Shield (InsurTech SaaS), and RoofMarketplace (Real Estate Tech/PropTech Marketplace). These companies illustrate Sandalphon's commitment to B2B and SaaS models in its targeted sectors.