A 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.
Healthbox 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.
Excelerate Labs is an intensive summer accelerator for startups driven by proven entrepreneurs and investors. Led by world-class entrepreneurs, the program is unique in attracting scores of mentors from around the country to work with the teams in direct one-on-one meetings.
The program selects 10 companies to participate in the intensive 13-week summer program, during which the startups build connections as well as their businesses. Excelerate culminates in an Investor Demo Day, where the companies showcase their progress and plans to angel and venture investors from around the country.
We provide initial investment and mentorship to all companies in the program, as well as additional funding to some of those companies on Investor Demo Day.
Learn more at the Excelerate website
Sandbox Advantage Fund
Sandbox's newest fund, Sandbox Advantage Fund, co-invests alongside the BlueCross BlueShield Venture Partners II Fund and the Cultivian Sandbox Food & Agriculture Fund II, invests directly in new businesses started by the Sandbox Foundry, and invests in other companies and funds sourced through its CIVs. We are currently looking for corporate partners and investors to participate in this "advantaged investing."
We create, invest in and explore new businesses. We search for ideas with the potential to change markets, leveraging our expertise, resources, and experience to grow successful companies through collaboration and knowledge sharing. Sandbox represents a new model of business development -- one that helps rather than harasses entrepreneurs -- and is redefining the way great ideas are generated and transformed into successful companies.