Funds: Sandbox runs two funds that are fully invested, the Sandbox Venture Fund ($18.8 million, closed 2008) and the Blue Cross Blue Shield Fund I ($116 million, closed 2008). It has two new funds, the Sandbox Advantage Fund ($50 million) and the Blue Cross Blue Shield Fund II ($179 million).
Typical investment: $1 million-$2 million for the Sandbox Advantage Fund; $1 million-$10 million for the Blue Cross Blue Shield Fund II.
Strategy: The Blue Cross Blue Shield Fund II focuses primarily on health care information technology. The Sandbox Advantage Fund will co-invest with the health care fund and also back internally generated projects. Portfolio Companies:
Founders: Cecelia Myers and Millie Tadewaldt
Description: CakeStyle is a personal shopping service for women. Customers complete an interview with a stylist, either virtually or in person, and receive a customized box of clothing and accessories every season. Outlook: We're bringing our CakeStylists to cities across the U.S. in the next year via our pop-up shops. We want women all over the country to be able to meet their stylist face-to-face and learn about CakeStyle. We're starting by offering more appointments than ever in Chicago, and our next stop is San Francisco.
Founder: Ryan Schoop
Description: Doggyloot is a daily deal company for dog owners.
Founders: Sue Khim, Sam Solomon and Silas Hundt
Description: Alltuition makes online tools for families to manage educational debt and the financial aid process.
APEX VENTURE PARTNERS
Founder: James Johnson
Current (6th) fund: $140 million (closed 2007)
Invested so far: Declined to answer.
Typical investment: $200,000 to $6 million
Strategy: Apex focuses on technology-enabled services, information technology and clean technology sectors.
CEO: Brian Spaly
Founded: 2009 Funding: $11 million Series A
Employees: About 90
Description: Offers men a less time-consuming way to shop by shipping clothes to try-on and only charging them for what they keep.
Outlook: "We currently have 11,000-plus customers and hope that by the end of next year we have over 100,000," Spaly said.
Founders: Ross Shelleman and Dr. Andrew Hamilton
Description: Data, analytics and direct mail for targeted marketing
ARCH VENTURE PARTNERS
Founders: Steven Lazarus, Keith Crandell, Clinton Bybee and Robert Nelsen
Current (7th) fund: $400 million (closed 2007)
Invested so far: About $300 million
Typical investment: $100,000 through "several million"
Strategy: ARCH specializes in the so-called "hard sciences," including advanced semiconductors, biotech, instrumentation, chemicals, etc. They work with researchers at universities and national laboratories to commercialize their innovations. Portfolio Companies:
CEO: Gary Tyreman
Founded: 2004 with a major pivot in 2010
Most Popular Stories
- Aetna Leaving California's Individual Health Insurance Market
- Honda Says Sorry About the Lack of Electric Fits
- Comcast Takes a Stake in a YouTube Content Provider
- OSH Selling Most of Its Stores to Lowe's
- Calories Count: Starbucks to Post the Numbers on Menu Boards
- Is Stock Balloon Really a Pinata?
- First Person Cured of AIDS Virus Wants to Help Others
- Katy Perry: Learned About Divorce Via Text Message
- Google Wants to Share PRISM Information
- Charitable Giving Sees Encouraging Growth