Sandalphon Capital

Sandalphon Capital is a Chicago-based venture capital firm specializing in early-stage investments, focusing on Pre-Seed, Seed, and Series A funding rounds. The firm primarily invests in sectors such as Digital Health, Healthcare IT, InsurTech, FinTech, PropTech, and GovTech, with a particular emphasis on B2B SaaS, Marketplaces, and Consumer Tech. They typically lead, co-lead, or significantly participate in funding rounds, with investment sizes ranging from $100,000 to $2 million.

The firm's investment strategy centers on themes like Digital Transformation, which involves enabling incumbents through technology, and Digital Reinvention, which focuses on displacing incumbents through enterprise-wide tech-driven business models. Sandalphon Capital has a strong presence in the Midwest, particularly in Chicago, and invests across the United States, often avoiding the Bay Area. They do not currently invest in sectors such as crypto, life sciences, biotech, pharmaceuticals, medical devices, or advanced materials.

Sandalphon Capital also hosts midwest.tech/connect, a virtual summit connecting Midwest-based and Midwest-linked startups with venture capitalists and angel investors. This initiative reflects their commitment to fostering the growth of the startup ecosystem in the Midwest and other underserved markets.