Sandalphon Capital

What is Sandalphon Capital?

Sandalphon Capital is a micro venture capital firm established in 2016 with a focus on early stage investments in a diverse range of sectors.

They specialize in supporting startups in segments including Software, PropTech, Business Solutions, FinTech, Retail, IoT, HealthTech, Food & Beverage, Insurance, Medical Devices, Real Estate, Healthcare, and Consumer goods.

They have a particular interest in companies that are involved in vertical or horizontal business-to-business Software as a Service (SaaS), fintech, insurtech, regtech, real estate technology, healthcare IT, marketplaces, consumer goods, IoT, and hardware possessing recurring revenue models, or tech-enabled services sectors.

Sandalphon Capital prominently operates in Chicago, the Midwest, South, and New York, and prefers investing in underserved markets over areas like the Bay Area. They do not invest in crypto, life sciences, biotech, pharmaceuticals, medical devices, or advanced materials. The firm offers investment ranging from $100,000 to $2,000,000, with a sweet spot of around $1,000,000.

Their stage focus includes Pre-Seed (investments of $100-250k), Seed ($500k-$1m), and Series A ($1-2m). They also have the capability to invest larger amounts through LP coinvestment. Guided by the principle of being a 'co-brother' to startups, they see themselves as protectors and helpers, ensuring that entrepreneurial prayers are answered.

Beyond funding, Sandalphon Capital sponsors midwest.tech/connect, a summit aimed at connecting Midwest-based or linked Pre-Seed to Series A stage startups with venture capitalists and angel investors. The firm's portfolio showcases a variety of illustrative investments across their sectors of focus, indicating an active role in nurturing and growing early-stage ventures.

What they say:

Sandalphon leads, co-leads or meaningfully participates in Pre-Seed and Seed stage rounds for B2B SaaS, Marketplace and Consumer startups, primarily in Chicago and the Midwest, but also around the US.

What we look for: We invest in B2B/Enterprise SaaS, FinTech, InsurTech, RegTech, PropTech / Real Estate Tech, Tech-Enabled Healthcare Services or Healthcare IT, Consumer Tech, FoodTech, EdTech, GovTech, IoT / Hardware with Recurring Revenue.