Sandalphon Capital LLC is a venture capital firm based in Chicago, Illinois, established in 2016. The firm specializes in early-stage investments, primarily targeting Seed, Bridge, and Series A funding rounds. Sandalphon focuses on sectors such as Real Estate Tech, FinTech, InsurTech, RegTech, Healthcare IT, tech-enabled healthcare services, B2B and B2C SaaS, marketplaces, the Internet of Things, and hardware with recurring revenue. While it prefers to invest across the United States, its core emphasis is on the Chicago area, the Midwest, and underserved regional markets. The firm typically invests between $100,000 and $300,000, seeking strong management teams and scalable, technology-driven business models that can generate high-margin, recurring revenue.
OpenVia is a provider of access management solutions that enhance property access without necessitating the replacement of existing gate or access control systems. The company specializes in integrating its technology with multifamily gate systems to offer modern features such as smartphone access, guest passes, and a virtual callbox. This approach allows properties to meet the contemporary demands of residents for convenient and efficient access while maintaining their current infrastructure. OpenVia's solutions aim to simplify the property access experience for both residents and management.
Cloverpop
Series A in 2022
Cloverpop, Inc. is a San Francisco-based company that offers a cloud-based decision-making platform designed to enhance management and collaboration within enterprises. Founded in 2012, Cloverpop's platform leverages behavioral science to streamline the decision-making process, reducing the time executives and managers spend in meetings and minimizing delays. The platform allows users to record, track, and communicate decisions, facilitating collaboration across teams and channels while addressing common challenges in marketing, sales, and strategy. By providing tools that help structure, automate, and learn from decisions, Cloverpop aims to eliminate human biases, improve stakeholder engagement, and enhance the overall quality and speed of decision-making. Its clientele includes Fortune 100 companies across various industries, such as consumer goods, pharmaceuticals, and technology.
ProsperStack
Seed Round in 2022
ProsperStack is a hosted cancellation flow service that aims to reduce customer churn for subscription-based businesses. The platform automates and enhances the customer acquisition and retention process, allowing companies to tailor questions and interventions without relying on limited development resources. By utilizing a big data engine, ProsperStack analyzes consumer demand and integrates with a real-time dashboard that provides alerts and notifications to assist in retaining customers. This enables businesses to identify target audiences, understand demand patterns, and refine marketing strategies, ultimately contributing to increased profitability.
WorkTorch
Seed Round in 2022
WorkTorch is a career discovery platform focused on the service economy workforce, specializing in connecting skilled trade and service industry workers with suitable job opportunities. By operating online marketplaces for blue-collar jobs, WorkTorch facilitates the matching process between employers and job seekers, aiming to enhance career fulfillment for individuals while providing a more engaged talent pool for companies. The platform not only helps job seekers navigate their career paths but also assists employers in overcoming hiring challenges, thereby promoting advancement within the workforce.
RoofMarketplace
Series A in 2022
RoofMarketplace is an online platform that streamlines the roof replacement process for both homeowners and insurance carriers. It connects homeowners with vetted roofing contractors, allowing them to access multiple quotes for their roofing projects. The platform facilitates a transparent experience by enabling contractors to bid on specific jobs, which helps consumers efficiently estimate, review, and select roofing services without the need for phone calls or onsite meetings. By offering a centralized marketplace, RoofMarketplace aims to provide cost-effective solutions for roof replacements while ensuring a smooth and straightforward process for all parties involved.
Visual Feeder
Seed Round in 2022
Visual Feeder Corporation operates an online marketplace that connects landlords with opportunities to monetize their vacant spaces through branded visual experiences projected on windows. Based in Chicago, the company specializes in full-motion advertising in high-traffic areas, including flagship stores and shopping malls. By utilizing advanced projection technology, Visual Feeder creates immersive brand activations that capture the attention of passersby, allowing clients to effectively engage their target audiences. Its innovative approach transforms traditional retail spaces into dynamic advertising platforms, enhancing the visibility of brands in urban environments.
Character
Pre Seed Round in 2022
Character is a modern home improvement brand for the next generation of home dwellers.
Trainwell
Series A in 2022
Trainwell offers a personalized online coaching platform that connects individuals with dedicated fitness coaches. This one-on-one coaching experience allows users to engage daily with their coach, fostering accountability and encouragement. Clients receive tailored workouts each week, designed to facilitate lasting lifestyle changes. The platform emphasizes continuous support, enabling individuals to receive guidance throughout their fitness journey and benefit from regular feedback.
Stere.io
Seed Round in 2021
Stere is a digital platform designed to assist businesses in launching, growing, and managing insurance programs. Founded in 2021 and based in Dover, Delaware, the company connects capacity seekers, such as banks and insurance partners, with capacity providers, including carriers and reinsurers. By offering a comprehensive infrastructure, Stere equips businesses with essential tools and services, including digital platforms, data analytics, and access to a network of capacity providers. This enables companies to effectively develop and enhance their insurance offerings.
WorkTorch
Pre Seed Round in 2021
WorkTorch is a career discovery platform focused on the service economy workforce, specializing in connecting skilled trade and service industry workers with suitable job opportunities. By operating online marketplaces for blue-collar jobs, WorkTorch facilitates the matching process between employers and job seekers, aiming to enhance career fulfillment for individuals while providing a more engaged talent pool for companies. The platform not only helps job seekers navigate their career paths but also assists employers in overcoming hiring challenges, thereby promoting advancement within the workforce.
Levered Learning
Venture Round in 2021
Levered Learning is an educational technology company founded in 2017 and based in Soquel, California. It specializes in an instructional system designed for 3rd to 5th grade mathematics education. The system is classroom-tested and teacher-designed, integrating whole-class discussions, collaborative pencil and paper activities, and online self-paced lessons. This blend supports both in-person and distance learning environments, enabling teachers to address learning gaps and enhance student performance in mathematics. Levered Learning aims to facilitate growth in elementary math through its comprehensive approach to instruction.
Tenacity
Seed Round in 2021
Tenacity is a software-as-a-service (SaaS) platform that specializes in cloud cost optimization and management, utilizing artificial intelligence to help businesses effectively manage their expenses in a secure public cloud environment. The platform enables organizations to enhance their operational efficiency by providing tools and insights that drive savings and improve resource allocation. Through its innovative approach, Tenacity supports businesses in navigating the complexities of cloud services, ensuring they can thrive while maintaining cost-effectiveness and security.
Metopio
Seed Round in 2021
Metopio offers a data analytics platform aimed at transforming complex data into actionable insights for organizations, particularly in the public health sector. The platform facilitates Community Health Assessments (CHAs) and Community Health Improvement Plans (CHIPs) by providing instant access to curated community health data alongside user-friendly visualization tools. This empowers users to effectively identify health needs and track progress. Additionally, Metopio features a Health Atlas that enables the creation of interactive, public-facing data platforms, which engage stakeholders and promote data-driven decision-making. By combining pre-loaded, curated data with built-in analytics, Metopio supports public health departments and their partners in sharing data and addressing healthcare disparities.
Balto
Series B in 2021
Balto Software Inc. is a developer of sales software that leverages artificial intelligence and real-time conversation analytics to enhance the performance of sales representatives during phone calls. Founded in 2017 and based in Saint Louis, Missouri, Balto's platform offers agents live guidance by alerting them to mistakes and providing suggestions tailored to specific products, phrases, and industry terminology. The software monitors conversations for compliance and quality, allowing representatives to self-correct in real time, while also equipping managers with tools to oversee key behaviors. Balto's solutions support various functions, including sales leadership, customer service, and compliance, and have guided over 150 million calls, resulting in substantial revenue increases and high customer ratings. The company is trusted by numerous contact centers, helping to prevent missed sales opportunities and improve customer experiences.
Character
Pre Seed Round in 2021
Character is a modern home improvement brand for the next generation of home dwellers.
eHawk
Seed Round in 2021
eHawk operates a monitoring platform designed to assist government authorities in electronically supervising criminal defendants. Utilizing its RePath App, eHawk provides a means to monitor individuals who were previously excluded from electronic monitoring systems. The platform employs a proprietary algorithm and smartphone technology to collect verification and location data from offenders through an app installed on their phones. This data is then transmitted to law enforcement personnel, allowing them to allocate their resources more effectively and focus on individuals requiring greater oversight. By enhancing supervision capabilities, eHawk aims to reduce incarceration rates, improve criminal justice outcomes, and save taxpayer funds.
Ascent Integrated Tech
Seed Round in 2021
Ascent Integrated Tech develops a hardware-enabled software platform focused on enhancing situational awareness for first responders and military personnel. Its Tactical Assault Kit (TAK) integrates with smartwatches and existing equipment to provide real-time location tracking and physiological alerting, significantly improving safety and operational decision-making during emergencies. The platform offers comprehensive monitoring and mapping capabilities in hazardous environments, enabling incident commanders to assess the status of their teams and make informed evacuation decisions through a biometric tracking system. Ascent’s technology is utilized by major metropolitan fire departments across the United States and is expanding internationally through strategic partnerships. The company is supported by government contracts and venture funding, positioning itself as a leader in redefining emergency response effectiveness.
CRE Simple
Venture Round in 2019
CRE Simple, Inc. is a financial services company that focuses on providing an innovative cloud-based lending platform designed to enhance access to capital for commercial real estate transactions. Established in 2016 and headquartered in San Francisco, California, the company operates its OneSource platform, which serves as a collaboration and workflow solution that connects various participants in the commercial real estate finance ecosystem. By leveraging data services and artificial intelligence, CRE Simple aims to streamline the borrowing process, offering improved speed, transparency, and certainty. Its platform facilitates a more efficient and automated experience, addressing the complexities and potential errors associated with traditional lending methods. Through deep integration with brokerage, tenant, and capital partners, CRE Simple is positioned to transform the capital access landscape in the commercial real estate sector.
Balto
Seed Round in 2019
Balto Software Inc. is a developer of sales software that leverages artificial intelligence and real-time conversation analytics to enhance the performance of sales representatives during phone calls. Founded in 2017 and based in Saint Louis, Missouri, Balto's platform offers agents live guidance by alerting them to mistakes and providing suggestions tailored to specific products, phrases, and industry terminology. The software monitors conversations for compliance and quality, allowing representatives to self-correct in real time, while also equipping managers with tools to oversee key behaviors. Balto's solutions support various functions, including sales leadership, customer service, and compliance, and have guided over 150 million calls, resulting in substantial revenue increases and high customer ratings. The company is trusted by numerous contact centers, helping to prevent missed sales opportunities and improve customer experiences.
@Hotel
Seed Round in 2019
@hotel is an innovative online travel agent that utilizes social media, particularly Instagram, to engage with a community of over 50 million followers. By focusing on social commerce, @hotel provides users with access to exceptional hotel deals in popular destinations worldwide. The company emphasizes the importance of personalized customer service, aiming to create memorable travel experiences that foster human connections. Its platform combines curated community insights, competitive pricing, and extensive coverage of travel trends to ensure a seamless booking experience for travelers. Founded with a mission to challenge conventional practices in the travel industry, @hotel is dedicated to treating every guest as a valued member of its community, thereby enhancing the overall journey of travel.
Truss
Series A in 2019
Truss Holdings, Inc. operates an online marketplace that simplifies the leasing process for small and medium-sized businesses seeking office, co-working, industrial, and retail spaces. Founded in 2016 and based in Deerfield, Illinois, its platform employs machine learning to match businesses with suitable properties, allowing users to virtually tour listings, compare prices, and manage lease documents seamlessly. The company offers dedicated brokers to support clients throughout the process, ensuring a smooth experience. Truss is noted for its commitment to price transparency, enabling business owners to compare costs of traditional office and co-working spaces effectively. Through its technology-driven approach, Truss provides a cost-effective solution for businesses looking to find the right space quickly and confidently.
Jiobit
Venture Round in 2018
Jiobit specializes in real-time location tracking technology for children, adults, and pets. Its flagship product is a compact and durable tracking device that operates through a smartphone app, enabling users to locate their loved ones in various environments, including multi-level buildings and across more than 120 countries. The device is designed for longevity, boasting several weeks of battery life, and offers features such as custom geofencing, smart alerts, and detailed location history. Jiobit's innovative platform integrates advancements in hardware, cybersecurity, and consumer software to provide comprehensive monitoring capabilities. The team behind Jiobit consists of experienced engineers, designers, and marketers who have previously developed numerous successful consumer products. The company is headquartered in Chicago, with a development center in Silicon Valley.
Balto
Seed Round in 2018
Balto Software Inc. is a developer of sales software that leverages artificial intelligence and real-time conversation analytics to enhance the performance of sales representatives during phone calls. Founded in 2017 and based in Saint Louis, Missouri, Balto's platform offers agents live guidance by alerting them to mistakes and providing suggestions tailored to specific products, phrases, and industry terminology. The software monitors conversations for compliance and quality, allowing representatives to self-correct in real time, while also equipping managers with tools to oversee key behaviors. Balto's solutions support various functions, including sales leadership, customer service, and compliance, and have guided over 150 million calls, resulting in substantial revenue increases and high customer ratings. The company is trusted by numerous contact centers, helping to prevent missed sales opportunities and improve customer experiences.
The Minte
Seed Round in 2018
The Minte provides hotel-style housekeeping services primarily for residents of high-rise apartment buildings. Founded in 2017 and headquartered in Chicago, Illinois, the company employs a building-centric model to staff its housekeepers. Its offerings include a range of cleaning services, such as sweeping and spot cleaning floors, wiping countertops, loading dishwashers, and refreshing bathrooms. Residents can conveniently book these services through a mobile app or by using a dash-like button located at their door. The Minte aims to deliver consistent and trusted cleaning, helping residents maintain their homes with the same level of professionalism expected from a hotel.
Chowly
Series A in 2018
Chowly is a technology company that specializes in providing solutions to enhance the efficiency of restaurant operations. It develops an order-processing platform that seamlessly connects restaurant point-of-sale systems with third-party online ordering services. By automating the transfer of orders directly into the restaurant's POS system, Chowly eliminates the need for manual entry, thereby saving time, reducing staffing costs, and minimizing errors. This integration not only streamlines operations but also helps restaurants increase revenue and improve overall control of their order management processes.
Provi
Seed Round in 2018
Provi is a Chicago-based company that operates the largest online marketplace for the wholesale alcohol industry, simplifying the ordering process by connecting buyers, distributors, and suppliers. Founded in 2016, Provi's platform enhances communication and efficiency for both on-premise and off-premise buyers, including liquor stores, bars, and restaurants. By centralizing the ordering process, Provi enables users to order directly from alcohol distributors while providing tools for order tracking and analytics. As of 2022, the marketplace includes about 10 percent of licensed retailers in the U.S. Provi has received significant funding, totaling $125 million, and has been recognized for its workplace culture. The company also formed a partnership with SevenFifty to further enhance its offerings.
HappyCo
Series A in 2018
HappyCo Inc. specializes in developing software solutions for the real estate rental industry, focusing on property management and maintenance operations. Founded in 2011 and based in San Francisco, the company provides a mobile application for property inspections, a web application for managing inspection data and staff remotely, and a business intelligence tool for real-time analysis of operational performance metrics. HappyCo's platform replaces traditional paper-based processes with digital solutions, enhancing efficiency in multifamily residential, commercial real estate, and other sectors. Its offerings include tools for due diligence, lease file audits, and asset management, all aimed at improving operational visibility and resident satisfaction.
Kin Insurance
Series A in 2018
Kin Insurance, Inc. is a digital insurance agency specializing in homeowners insurance and related products, including mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, Kin Insurance operates payment processing offices in Palatine and Chicago. By eliminating external agents, Kin Insurance offers a direct-to-consumer model that enhances the convenience and affordability of homeowners insurance. The company's technology platform provides a seamless user experience, personalized coverage options, and efficient claims processing. Kin leverages extensive property data to deliver precise pricing and improve underwriting outcomes.
Truss
Series A in 2017
Truss Holdings, Inc. operates an online marketplace that simplifies the leasing process for small and medium-sized businesses seeking office, co-working, industrial, and retail spaces. Founded in 2016 and based in Deerfield, Illinois, its platform employs machine learning to match businesses with suitable properties, allowing users to virtually tour listings, compare prices, and manage lease documents seamlessly. The company offers dedicated brokers to support clients throughout the process, ensuring a smooth experience. Truss is noted for its commitment to price transparency, enabling business owners to compare costs of traditional office and co-working spaces effectively. Through its technology-driven approach, Truss provides a cost-effective solution for businesses looking to find the right space quickly and confidently.
Kin Insurance
Seed Round in 2017
Kin Insurance, Inc. is a digital insurance agency specializing in homeowners insurance and related products, including mobile home, condo, flood, manufactured home, landlord, umbrella, hurricane, wildfire, and second home insurance. Founded in 2016 and headquartered in Chicago, Illinois, with an additional office in St. Petersburg, Florida, Kin Insurance operates payment processing offices in Palatine and Chicago. By eliminating external agents, Kin Insurance offers a direct-to-consumer model that enhances the convenience and affordability of homeowners insurance. The company's technology platform provides a seamless user experience, personalized coverage options, and efficient claims processing. Kin leverages extensive property data to deliver precise pricing and improve underwriting outcomes.
Regroup
Series A in 2017
Regroup offers integrated telepsychiatry services that enable remote psychiatric care through live video conferencing. By utilizing advanced encryption technologies, the company ensures patient privacy and the confidentiality of personal health information. Regroup's services enhance access to mental health care, allowing patients to overcome challenges such as geographic distances, mobility restrictions, transportation issues, and the associated time and cost burdens of in-person visits.
Avail
Seed Round in 2017
Avail is an online platform designed to simplify the rental and leasing process for independent landlords and property managers. Founded in 2012 and based in Chicago, Illinois, the company provides a comprehensive suite of services including rental listings, tenant screening, customized leases, online rent payments, maintenance tracking, and rent price analysis. Avail addresses a gap in the market by offering tools specifically tailored for landlords managing fewer than ten rental units, enabling them to effectively navigate the rental cycle. The platform facilitates the advertising of vacant properties, processing of rental applications, collection of credit reports, signing of leases, and management of maintenance requests, all through an intuitive interface. With a user base of 70,000 landlords, Avail serves as a critical resource for those looking to scale their property management efforts from beginner to professional levels, while also being a subsidiary of Move, Inc. since December 2020.
RealVision
Seed Round in 2017
Realvision is a technology company focused on providing innovative media solutions for the real estate industry. It develops a platform designed to assist real estate agents in marketing properties effectively online. The platform offers a comprehensive marketing package that includes features such as 3D virtual tours, floor plans, and high-quality photographs, enabling agents to showcase properties in a visually engaging manner. By leveraging immersive media technology, Realvision aims to enhance the property selling experience for both agents and potential buyers.
Jiobit
Seed Round in 2017
Jiobit specializes in real-time location tracking technology for children, adults, and pets. Its flagship product is a compact and durable tracking device that operates through a smartphone app, enabling users to locate their loved ones in various environments, including multi-level buildings and across more than 120 countries. The device is designed for longevity, boasting several weeks of battery life, and offers features such as custom geofencing, smart alerts, and detailed location history. Jiobit's innovative platform integrates advancements in hardware, cybersecurity, and consumer software to provide comprehensive monitoring capabilities. The team behind Jiobit consists of experienced engineers, designers, and marketers who have previously developed numerous successful consumer products. The company is headquartered in Chicago, with a development center in Silicon Valley.
Chowly
Seed Round in 2017
Chowly is a technology company that specializes in providing solutions to enhance the efficiency of restaurant operations. It develops an order-processing platform that seamlessly connects restaurant point-of-sale systems with third-party online ordering services. By automating the transfer of orders directly into the restaurant's POS system, Chowly eliminates the need for manual entry, thereby saving time, reducing staffing costs, and minimizing errors. This integration not only streamlines operations but also helps restaurants increase revenue and improve overall control of their order management processes.
LogicGate
Seed Round in 2016
LogicGate, Inc. specializes in enterprise process automation solutions, providing a platform that allows users to create applications through an intuitive drag-and-drop interface. The platform, known as Risk Cloud, is designed to facilitate various risk management activities, including regulatory change management, enterprise risk management, incident management, and compliance management across multiple industries such as finance, healthcare, and energy. By enhancing operational controls and enabling collaboration on risk management, LogicGate's technology empowers organizations to adapt to changing business conditions and streamline their compliance processes. Founded in 2015 and based in Chicago, Illinois, the company aims to centralize and automate risk-related activities, allowing businesses to manage risks effectively without relying heavily on external consultants.
Jiobit
Convertible Note in 2016
Jiobit specializes in real-time location tracking technology for children, adults, and pets. Its flagship product is a compact and durable tracking device that operates through a smartphone app, enabling users to locate their loved ones in various environments, including multi-level buildings and across more than 120 countries. The device is designed for longevity, boasting several weeks of battery life, and offers features such as custom geofencing, smart alerts, and detailed location history. Jiobit's innovative platform integrates advancements in hardware, cybersecurity, and consumer software to provide comprehensive monitoring capabilities. The team behind Jiobit consists of experienced engineers, designers, and marketers who have previously developed numerous successful consumer products. The company is headquartered in Chicago, with a development center in Silicon Valley.
Page Vault
Series A in 2016
Page Vault Inc. is a Chicago-based company that offers a cloud-based software solution designed for legal professionals to capture web content, including social media, corporate websites, and blog posts, in a forensically defensible and legally admissible manner. Founded in 2013, the platform enables users to archive web pages as they appear online, preserving essential metadata and generating easily printable PDF documents. This service is utilized by a diverse clientele, including law firms, government offices, corporate legal departments, insurance providers, and legal consultants, across various fields such as intellectual property, family law, and compliance. Page Vault's solution simplifies the process of capturing web content, providing a trusted third-party chain of custody that meets the needs of professionals requiring reliable evidence for use in U.S. courts.
RealKey
Seed Round in 2016
RealKey, Inc., based in San Francisco and established in 2015, specializes in digital mortgage technologies that enhance the mortgage processing experience for both bank and non-bank mortgage loan originators. Its innovative RealKey Digital Mortgage Platform addresses inefficiencies in traditional mortgage systems by automating document collection, data review, and secure communication among all stakeholders. This platform significantly reduces the loan processing cycle by approximately 50%, enabling mortgage loan originators to close more loans efficiently, which is particularly vital given the current challenges of rising interest rates and declining mortgage lending activity. RealKey’s software integrates seamlessly with existing point-of-sale and loan origination systems, offering a fully digital mortgage processing experience that empowers lenders and brokers to improve their operations and better serve their clients.
HappyCo
Series A in 2015
HappyCo Inc. specializes in developing software solutions for the real estate rental industry, focusing on property management and maintenance operations. Founded in 2011 and based in San Francisco, the company provides a mobile application for property inspections, a web application for managing inspection data and staff remotely, and a business intelligence tool for real-time analysis of operational performance metrics. HappyCo's platform replaces traditional paper-based processes with digital solutions, enhancing efficiency in multifamily residential, commercial real estate, and other sectors. Its offerings include tools for due diligence, lease file audits, and asset management, all aimed at improving operational visibility and resident satisfaction.
Page Vault
Seed Round in 2015
Page Vault Inc. is a Chicago-based company that offers a cloud-based software solution designed for legal professionals to capture web content, including social media, corporate websites, and blog posts, in a forensically defensible and legally admissible manner. Founded in 2013, the platform enables users to archive web pages as they appear online, preserving essential metadata and generating easily printable PDF documents. This service is utilized by a diverse clientele, including law firms, government offices, corporate legal departments, insurance providers, and legal consultants, across various fields such as intellectual property, family law, and compliance. Page Vault's solution simplifies the process of capturing web content, providing a trusted third-party chain of custody that meets the needs of professionals requiring reliable evidence for use in U.S. courts.
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