Sandbox Insurtech Ventures

Sandbox Insurtech Ventures

A venture capital and private equity firm managing industry specific funds for the insurance technology industry.

Sandbox Insurtech Ventures is a venture capital and private equity firm managing industry specific funds for the insurance technology industry that is headquartered in Chicago, Illinois and was founded by Sandbox Industries in 2003 by Ryan Shoop.

Investments

Gradient AI

On October 4, 2019 Sandbox Insurtech Ventures lead the $6 million series A funding round for Gradient AI alongside Forte Ventures. Gradient AI offers an artificial intelligence platform for making predictions related to claims management, risk ranking, case-level reserving, medical treatment indicators, subrogation, large losses, settlement, fraud, and litigation aim to boost productivity, optimizing operations, and improving decision making.

Timeline

Funded Companies

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People

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Further reading

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Documentaries, videos and podcasts

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Companies

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News

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Madison Hogan
July 9, 2020
AmericanInno
Layr, an Atlanta-based insurtech startup, has raised $5 million in a Seed round led by Sandbox Insurtech. New investors Flyover Capital and Maschmeyer Group Ventures, along with existing investor Lloyd's of London joined the round. Layr Co-Founder and CEO Phillip Naples said the funding will primarily be used to expand the company's AI and machine learning technology, but also for distribution and scaling the company. "Data suggests that more than 60% of U.S.-based businesses will be owned by Gen Xers and Millennials in the next year. We've created an entirely new and automated process that meets the needs of modern business owners. This round of investment affirms that we're solving a real problem and supporting economic growth by making business insurance more available, understandable, and affordable than ever before," Naples said in a statement. Co-Founder and serial entrepreneur Andrew Egenes said the company would concentrate on engineering and product to expand the Layr platform

References

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