Sandalphon Capital
sandalphoncapital.com Direct investor
Sandalphon Capital is a venture capital firm based in Chicago, focusing on early-stage investments in the Midwest and other underserved markets. It invests in pre-seed, seed, and Series A rounds across sectors like healthcare, fintech, insurtech, and proptech.
Sandalphon Capital is a venture capital firm headquartered in Chicago, United States, founded in 2016. It invests directly in companies, from pre-seed to Series A, in digital Health, healthcare IT, insurance and insurtech. Its stated cheque size is Pre-Seed ($100-250k) / Seed ($500k-$1m) / Series A ($1-2m) with ability to invest larger amounts via LP coinvestment. 50 portfolio companies, as it reports.
“A Midwest VC firm focused on Pre-Seed, Seed and Series A rounds”
— Sandalphon Capital, own website
- Layer
- Direct investor
- Type
- Venture capital
- Headquarters
- Chicago, United States
- Invests in
- US, Midwest
- Sectors
- Digital Health, Healthcare IT, Insurance, Insurtech, Financial Services, FinTech, PropTech, Real Estate Tech, Construction Tech, Government, GovTech
- Cheque size
- Pre-Seed ($100-250k) / Seed ($500k-$1m) / Series A ($1-2m) with ability to invest larger amounts via LP coinvestment
- Founded
- 2016
- Portfolio
- 50 companies
Team, as Sandalphon Capital publishes it
- Jonathan Ellis Founder & General Partner
- Nevin Ramanujan Partner - Healthcare
Names and roles exactly as listed on sandalphoncapital.com. Nothing else about these people is recorded.
Co-invests most often with
Derived from portfolio pages both investors publish themselves: each pair below lists at least one company in common. 118 co-investors found.
- KCRise Fund 4 shared companies: worktorch.io, ehawksolutions.com, backstitch.io, daupler.com
- Elevate Ventures 3 shared companies: invokelearning.com, ascentitech.com, mycoitracking.com
- Iconiq Capital 2 shared companies: airtable.com, automattic.com
- Salesforce Ventures 2 shared companies: airtable.com, automattic.com
- Savano Direct Capital Partners, LLC 2 shared companies: automattic.com, kin.com
- Connetic Ventures 2 shared companies: logicgate.com, withcharacter.com
- Hyde Park Venture Partners 2 shared companies: chowly.com, provi.com
- Math Venture Partners 2 shared companies: chowly.com, tripscout.co
- Cerity Partners Ventures 2 shared companies: happy.co, hudsonmx.com
- FJ Labs Management LP 2 shared companies: autofi.com, aptdeco.com
and 108 more — the graph.
Where this comes from
Every fact above was read from a page Sandalphon Capital publishes itself. Nothing is taken from third-party databases. Investment activity (deals, co-investors) is not yet recorded.
- https://sandalphoncapital.com/name, is_investor, layer, type, hq_country, hq_city, invests_in_geographies, stage_min, stage_max, sectors, cheque_size, thesis_quote, thesis_quote_page, description
- https://sandalphoncapital.com/team/founded, people
- https://sandalphoncapital.com/portfolio/portfolio_count
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Record 1391 · added 2026-08-28 · link last verified 2026-09-06 · confidence high
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