Sandalphon Capital

Sandalphon Capital LLC is a venture capital firm based in Chicago, Illinois, founded in 2016. The firm specializes in early-stage investments, focusing primarily on Seed and Series A rounds, as well as occasional Pre-Seed rounds. Sandalphon Capital targets a diverse range of industries, including Real Estate Tech, FinTech, InsurTech, RegTech, Healthcare IT, tech-enabled healthcare services, B2B SaaS, marketplaces, Internet of Things, and recurring revenue hardware. The firm typically invests between $100,000 and $300,000 and has a core geographical focus on the Midwest, particularly Chicago, while also considering opportunities in underserved markets across the United States and select areas such as New York for FinTech and Real Estate Tech. Sandalphon Capital places a strong emphasis on identifying capable management teams and scalable, tech-driven business models that can generate high-margin, recurring revenue.

35 past transactions

OpenVia

Seed Round in 2023
OpenVia gives properties the modern, mobile access features residents expect without replacing expensive gate or access control systems.

Visual Feeder

Seed Round in 2022
Visual Feeder lights up the city streets with full-motion advertising on high-traffic commercial retail locations. The company has exclusive locations in flagship stores, shopping malls, and high-traffic retail locations, creating an immersive experience that is highly targeted to its audience.

Trainwell

Series A in 2022
Trainwell is a one-on-one coaching experience that pairs each individual with a dedicated coach to form lasting lifestyle changes.

Stere.io

Seed Round in 2021
Stere is a one-stop shop for businesses to find capacity and access digital tools to launch, improve, and grow insurance programs. It aims to empower businesses to launch and grow insurance programs with a full-stack infrastructure, by providing the right services and tools such as digital platforms, data analytics, a network of capacity providers, innovative tech, and more. The company was founded in 2021 and is based in Dover, Delaware.

WorkTorch

Pre Seed Round in 2021
WorkTorch is a career discovery platform for the service economy workforce. We partner with job seekers to find career fulfillment by finding the right job and advancement opportunities. This unique approach helps us provide a better engaged and aligned talent pool for employers.

Tenacity

Seed Round in 2021
Tenacity is a SaaS platform empowers businesses to thrive in a secure public cloud.

Levered Learning

Venture Round in 2021
Levered Learning is a classroom-tested and teacher-designed instructional system providing 3rd-5th grade mathematical learning. The company was founded in 2017 by Mitch Slater and is headquartered in Soquel, California, United States.

Metopio

Seed Round in 2021
Metopio provides a data analytics platform that simplifies the process of transforming complex data into actionable insights. The platform is designed to assist organizations in conducting Community Health Assessments (CHAs) and Community Health Improvement Plans (CHIPs) efficiently. Metopio offers instant access to curated community health data and user-friendly visualization tools, enabling users to identify health needs and track progress effectively. Additionally, the Health Atlas feature allows for the creation of interactive, public-facing data platforms to engage stakeholders and facilitate data-driven decision-making.

Balto

Series B in 2021
Balto unites agents and supervisors with AI to power better agent performance. Agents and managers trust Balto's real-time guidance to prevent missed sales opportunities, costly compliance mistakes, and negative customer experiences. Empowering agents results in happier customers, increased revenue, and better retention. Today, Balto has guided over 150 million calls, provided over 185 million real-time recommendations, driven millions in increased revenue, and has a 4.8-star rating on G2. Balto is trusted by top contact centers, including National General Insurance, eHealth, American Homes for Rent, Spring Venture Group, and Cellular Sales. Want to learn more? Visit https://balto.ai.

eHawk

Seed Round in 2021
eHawk is a monitoring platform that helps supervise criminal defendants. The company RePath App is utilized to electronically supervise the criminal justice population previously omitted from any electronic monitoring platform. It leverages the power of the internet and smartphone technology with its proprietary algorithm to create a completely new way to manage large populations of individuals at an extremely affordable price. Using an installed app on an offender's phone, RePath collects verification and location data for each enrollee.

Ascent Integrated Tech

Seed Round in 2021
Ascent builds life-saving technology for first responders, delivering real-time location and physiological alerting through the Tactical Assault Kit (TAK) platform. Its software integrates with smartwatches to enhance firefighter safety, accountability, and operational decision-making on the ground. Ascent’s technology is deployed across major U.S. metro departments and is expanding internationally through partnerships with OEMs and distributors. Backed by government contracts and venture funding, Ascent is redefining situational awareness for emergency response.

CRE Simple

Venture Round in 2019
CRE Simple is a Financial Services company built on an intelligent lending platform that revolutionizes access to capital for commercial real estate deals. Their OneSource platform is the first cloud-based collaboration and workflow solution to intelligently connect the entire CRE finance ecosystem and improve the borrowing experience by providing speed, transparency, and certainty. With the use of powerful data services and artificial intelligence, CRE Simple brings predictability and automation to a currently manual, error-prone, and complex process. The result is a next generation capital solution for the CRE market, with deep integration of their brokerage, tenant, and capital partners.

Balto

Seed Round in 2019
Balto unites agents and supervisors with AI to power better agent performance. Agents and managers trust Balto's real-time guidance to prevent missed sales opportunities, costly compliance mistakes, and negative customer experiences. Empowering agents results in happier customers, increased revenue, and better retention. Today, Balto has guided over 150 million calls, provided over 185 million real-time recommendations, driven millions in increased revenue, and has a 4.8-star rating on G2. Balto is trusted by top contact centers, including National General Insurance, eHealth, American Homes for Rent, Spring Venture Group, and Cellular Sales. Want to learn more? Visit https://balto.ai.

@hotel

Seed Round in 2019
Introducing @hotel - the pioneering Instagram-based Online Travel Agent (OTA) that is reshaping the way we engage with travel. With a robust community of over 50 million followers, we leverage the power of social commerce to bring our users unparalleled hotel deals across the globe's most sought-after destinations. We're not just a booking portal - we are architects of transformative experiences. Our mission is to rekindle our shared sense of curiosity, foster human connections, and create a global community united by the transformative power of travel. We believe that travel transcends boundaries and leaves an indelible impact on our lives—and we're here to facilitate that journey. At @hotel, we champion the concept of 'Radical Hospitality.' We treat each guest as an extension of our family, challenging the travel industry's complacency and offering a refreshingly exceptional customer service experience. Our dedicated team is committed to surpassing expectations, delivering personalized support that makes our guests feel genuinely cared for and valued. Our commitment to elevating the customer service experience is a critical differentiator for today's discerning traveler when it comes to choosing their booking platform of choice. We understand that the essence of travel is not just about reaching a destination, but about the journey itself. Join us at @hotel, where we're revolutionizing the travel landscape, one remarkable journey at a time.

Truss

Series A in 2019
Truss is an online marketplace to help small and medium-sized business owners find, tour, and lease space. Its tech-enabled platform and its people help you find the right space for the best price in record time. Its technology enables business owners to find the right space confidently by comparing spaces in its marketplace. Truss also offers dedicated brokers who act as the point person throughout the seamless process. Plus, it is the only platform to offer price transparency for small business owners, which means that Truss is the only site to compare pricing on traditional office space and co-working space. Truss was established in 2016 and is based in Deerfield, Illinois.

Jiobit

Venture Round in 2018
Jiobit is the world's smallest and longest lasting tracking solution. With a Jiobit device and smartphone app, parents (and pet parents) can find their loved ones anywhere: Indoors, outdoors, in over 120 countries and even in multi-level buildings. With weeks of battery life and a durable and discreet design, Jiobit is the world's smallest real-time location tracking product. The mobile app (run through a wireless subscription service) offers the most comprehensive set of monitoring and notification features available on the market. Overall, Jiobit gives parents peace of mind while allowing kids to be kids. The Jiobit team is comprised of seasoned engineers, designers, and marketers with a history of building innovative and disruptive consumer products and businesses. The team has logged a combined 150 patents from previous endeavors and developed and shipped products selling in the millions worldwide. We are proudly headquartered in Chicago, with a development center in Silicon Valley.

Balto

Seed Round in 2018
Balto unites agents and supervisors with AI to power better agent performance. Agents and managers trust Balto's real-time guidance to prevent missed sales opportunities, costly compliance mistakes, and negative customer experiences. Empowering agents results in happier customers, increased revenue, and better retention. Today, Balto has guided over 150 million calls, provided over 185 million real-time recommendations, driven millions in increased revenue, and has a 4.8-star rating on G2. Balto is trusted by top contact centers, including National General Insurance, eHealth, American Homes for Rent, Spring Venture Group, and Cellular Sales. Want to learn more? Visit https://balto.ai.

The Minte

Seed Round in 2018
The Minte offers hotel-style housekeeping services. It uses a building-centric model for staffing housekeepers. The Minte's services can be booked via app or by pressing a dash-like button out the door. It began operation in 2017, with its headquarters in Chicago in Illinois.

Chowly

Series A in 2018
Chowly provides innovative tech solutions to connect restaurant POS platforms with third-party online ordering solutions and provide technology-based restaurant industry solutions at an affordable price. It also lowers staffing costs, increases revenue, and reduces errors.

Provi

Seed Round in 2018
Provi is the largest online marketplace that simplifies the complex process of ordering wholesale alcohol by connecting buyers, distributors and suppliers. Active in key markets throughout the U.S., Provi's robust, online marketplace improves communication and efficiency for on- and off-premise buyers, distributors and suppliers. As of 2022, 10 percent of licensed retailers in the U.S. are on the marketplace. Founded in 2016 and headquartered in Chicago, Provi has received a total of $125 million in funding, is valued at $750 million and has recently been named an Emerging Unicorn by Crunchbase. The company also received Built In Chicago's Best Places to Work recognition in 2022. In 2022, Provi joined forces with SevenFifty.

HappyCo

Series A in 2018
HappyCo is taking traditional paper based processes out of the dark ages. HappyCo develops software for property management companies that have operation teams who rely on paper forms (such as inspections/checklist/audits) and help to re-imagine the way they work.

Kin Insurance

Series A in 2018
Kin Insurance is a direct-to-consumer digital insurer focusing on the homeowner's insurance market. Kin Insurance enhances homeowners insurance convenience and affordability by removing external agents. The tech platform offers a seamless user experience, personalized coverage options, and efficient claims service. Kin utilizes extensive property data for precise pricing and improved underwriting results.

Truss

Series A in 2017
Truss is an online marketplace to help small and medium-sized business owners find, tour, and lease space. Its tech-enabled platform and its people help you find the right space for the best price in record time. Its technology enables business owners to find the right space confidently by comparing spaces in its marketplace. Truss also offers dedicated brokers who act as the point person throughout the seamless process. Plus, it is the only platform to offer price transparency for small business owners, which means that Truss is the only site to compare pricing on traditional office space and co-working space. Truss was established in 2016 and is based in Deerfield, Illinois.

Kin Insurance

Seed Round in 2017
Kin Insurance is a direct-to-consumer digital insurer focusing on the homeowner's insurance market. Kin Insurance enhances homeowners insurance convenience and affordability by removing external agents. The tech platform offers a seamless user experience, personalized coverage options, and efficient claims service. Kin utilizes extensive property data for precise pricing and improved underwriting results.

Regroup

Series A in 2017
Regroup provides integrated telepsychiatry services designed to offer psychiatric care remotely through live and interactive video conferencing. They improve access to mental health care, enabling patients to overcome geographical distances, restrictions on mobility, transportation difficulties, and time and cost burdens.

Avail

Seed Round in 2017
Avail is a provider of tools and guidance that makes it easy to be a landlord. It offers a platform that helps independent landlords and property managers to navigate the rental cycle, as well as provides rental listings, tenant screening, customized leases, online payments, and maintenance requests services. Until now, landlords with less than 10 units haven’t had access to online tools designed specifically for them. Avail is an intuitive app that helps advertise vacant units, request rental applications and credit reports, sign leases, and collect rent — all online. Today, 70,000 landlords use Avail because it’s the only end-to-end platform that helps in scaling from beginner to professional with tools, support, and education.

Realvision

Seed Round in 2017
Realvision is an immersive media technology company that builds 3D media solutions for the real estate industry. Realvision is a technology platform built to support real estate agents, created for professional photographers.

Jiobit

Seed Round in 2017
Jiobit is the world's smallest and longest lasting tracking solution. With a Jiobit device and smartphone app, parents (and pet parents) can find their loved ones anywhere: Indoors, outdoors, in over 120 countries and even in multi-level buildings. With weeks of battery life and a durable and discreet design, Jiobit is the world's smallest real-time location tracking product. The mobile app (run through a wireless subscription service) offers the most comprehensive set of monitoring and notification features available on the market. Overall, Jiobit gives parents peace of mind while allowing kids to be kids. The Jiobit team is comprised of seasoned engineers, designers, and marketers with a history of building innovative and disruptive consumer products and businesses. The team has logged a combined 150 patents from previous endeavors and developed and shipped products selling in the millions worldwide. We are proudly headquartered in Chicago, with a development center in Silicon Valley.

Chowly

Seed Round in 2017
Chowly provides innovative tech solutions to connect restaurant POS platforms with third-party online ordering solutions and provide technology-based restaurant industry solutions at an affordable price. It also lowers staffing costs, increases revenue, and reduces errors.

LogicGate

Seed Round in 2016
LogicGate offers modern risk management technology empowering businesses to proactively transform risk enterprise-wide. Because risk is a team sport, we created the Risk Cloud Platform® — the most nimble and collaborative GRC solution out there. Rapidly adapt to changing business conditions. Confidently innovate and build new processes as you go. Collaborate on risk across your entire organization. Risk Cloud® gives you an interconnected view of risk across the organization that you just can’t get from point solutions.

Jiobit

Convertible Note in 2016
Jiobit is the world's smallest and longest lasting tracking solution. With a Jiobit device and smartphone app, parents (and pet parents) can find their loved ones anywhere: Indoors, outdoors, in over 120 countries and even in multi-level buildings. With weeks of battery life and a durable and discreet design, Jiobit is the world's smallest real-time location tracking product. The mobile app (run through a wireless subscription service) offers the most comprehensive set of monitoring and notification features available on the market. Overall, Jiobit gives parents peace of mind while allowing kids to be kids. The Jiobit team is comprised of seasoned engineers, designers, and marketers with a history of building innovative and disruptive consumer products and businesses. The team has logged a combined 150 patents from previous endeavors and developed and shipped products selling in the millions worldwide. We are proudly headquartered in Chicago, with a development center in Silicon Valley.

Page Vault

Series A in 2016
Page Vault enables legal professionals to easily capture web content for use as evidence in the U.S. courts. It is a cloud-based Software-as-a-Service subscription solution that provides a trusted third party chain of custody for captures with the simplicity of a screenshot. It was incorporated in 2013 and is based in Chicago, Illinois.

RealKey

Seed Round in 2016
RealKey is an innovative provider of digital mortgage technologies that enable bank and non-bank mortgage loan originators (MLOs) to streamline the mortgage processing experience for borrowers. Disrupting the status-quo in the mortgage industry, the RealKey Digital Mortgage Platform makes the mortgage process more efficient and empowers MLOs to close more loans, faster, with less effort. RealKey fills the gaps of present and established systems in the industry (LOSs, POSs, and AUSs) that do not address inherent/historic inefficiencies. The RealKey platform provides automated and intelligent collection of documents, review of data, and secure communications among all parties involved. These combined capabilities shorten the loan processing cycle by roughly 50%, giving MLOs time to close more loans and grow their business. This is critical in current times, with increased interest rates and reduced mortgage lending activity for both purchases and refinances. RealKey’s software works seamlessly with existing point-of-sale (POS) and loan origination systems (LOS) to bring an end-to-end, fully digital mortgage processing experience to lenders, brokers and their clients.

HappyCo

Series A in 2015
HappyCo is taking traditional paper based processes out of the dark ages. HappyCo develops software for property management companies that have operation teams who rely on paper forms (such as inspections/checklist/audits) and help to re-imagine the way they work.

Page Vault

Seed Round in 2015
Page Vault enables legal professionals to easily capture web content for use as evidence in the U.S. courts. It is a cloud-based Software-as-a-Service subscription solution that provides a trusted third party chain of custody for captures with the simplicity of a screenshot. It was incorporated in 2013 and is based in Chicago, Illinois.
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