AboutSandbox Industries Platforms
BCBS VenturesA collaborative investment vehicle that seeks to invest in emerging technologies in the healthcare industry. We are always looking for partners, investors and entrepreneurs looking to transform this space with us. BLUE CROSS BLUE SHIELD FUND I BlueCross BlueShield Venture Partners, L.P. is a $116 million corporate venture fund sponsored by the Blue Cross and Blue Shield Association, an association of independent Blue Cross and Blue Shield companies. We invest in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield plans on whose behalf we work. Together, we work to grow each of our investments. BLUE CROSS BLUE SHIELD FUND II BCBS Fund II is a $179 million fund and the second corporate venture fund sponsored by the Blue Cross and Blue Shield Association. We continue to invest in promising emerging companies of strategic relevance to Blue Cross and/or Blue Shield plans who are participating in the second fund.
Sandbox Industries began as a startup foundry: a place where new business ideas are identified, internally developed, and new products and services are launched into the market. A fund was raised to support internal business exploration and growth.
Starting new companies is one of our primary focuses today. Our foundry's startups begin as ideas, are researched and prototyped, then launched to become operational businesses, products and services.
Our process is simple: brainstorm as many ideas as possible, quickly and cheaply test the best ideas, continue to iterate and tweak the concepts we love and that spark customer interest, and launch new businesses into the market. We iterate constantly by reviewing customer feedback and analyzing metrics to transform and improve our businesses.
Sandbox Venture Fund
Sandbox Industries is not your traditional venture capital firm. We have raised funds and made investments that make us appear as if we are, and our limited partners benefit similarly to those who invest in traditional firms, but we feel we provide more to the companies and people in which we invest. This is because we create businesses internally, through our startup foundry, and this allows us to be better investors who not only provide money, but also mentorship, learnings and knowledge each step of the way.
SANDBOX VENTURE FUND
An $18.8 million fund was raised with limited partners to support the growth of internally-founded companies, and has since been used to make external early-stage investments as well.
Our investments are not industry specific; we invest in good ideas and good people.
HealthboxHealthbox uncovers and fosters innovative healthcare solutions, delivering a collaborative infrastructure to enable entrepreneurial success. The entrepreneurs selected to participate in one of the 16-week programs receive structured, customized support designed to address the challenges unique to starting a business in healthcare. Healthbox startups gain $50,000 in seed capital, industry context, user insight, market traction, mentorship, and guidance for fundraising and growth. In exchange, the Healthbox limited partners, which include prominent healthcare providers, payers, investors and employers, receive a small stake of equity in each company and unparalleled insight into early-stage healthcare innovation. Based in Chicago, Boston, and London, Healthbox fostered 27 companies in its first year alone. Go to www.healthbox.com to learn more about Healthbox, our partners, mentors, portfolio companies, and upcoming programs. BlueCross BlueShield Venture Partners II Fund and the Sandbox Advantage Fund are investors in Healthbox Chicago 2012.
Cultivian SandboxBy 2050 the United Nations Food & Agriculture Organization (“FAO”) estimates the world will need 100 percent more food, 70 percent of which must come from new technologies. To meet this challenge we need a greater level of technology investment now. Cultivian Sandbox Ventures was created to address this opportunity by investing in emerging agribusiness companies that are seeking the needed solutions.
As both operators and venture investors we add value to portfolio companies both through our highly skilled team and extensive industry network. Our expertise in sourcing, evaluating, closing, managing and ultimately exiting successful equity investments positions us to not only build stronger businesses, but reshape industries.
Cultivian Sandbox was formed from a unique partnership between two premier venture firms Cultivian ventures and Sandbox Industries to create a new firm, Cultivian Sandbox.
To learn more please visit our fund website www.cultiviansbx.com.