Jonathan Ellis
Managing Partner at Sandalphon Capital
Chicago, Illinois
Overview
Work Experience
Managing Partner
2024 - Current
Strategic, specialist healthcare seed fund investing in software and tech-enabled solutions in the payor / provider ecosystem
Founder & Managing Partner
2016
Sandalphon leads, co-leads or meaningfully participates in Pre-Seed and Seed stage rounds for B2B SaaS and Marketplace startups. Our latest fund, InnovateHealth Ventures, focuses exclusively on healthcare technology (excluding medical devices, pharmaceuticals and biotech). Primary industries of interest: HealthTech, Tech-Enabled Healthcare Services or Healthcare IT, FinTech, InsurTech, RegTech, PropTech / Real Estate Tech, GovTech, Enterprise SaaS Geographic focus: USA with strong footprint across the Midwest and other non-Bay Area markets Illustrative Portfolio Companies: Healthcare IT / Tech-Enabled Healthcare Services: Array Behavioral Care (fka Regroup), Metopio, Itiliti Health, Sanarte FinTech / InsurTech / RegTech including: Kin Insurance, Stere, Supernova, BreachRX, HavocShield, LogicGate (exited), MyCOI, RoofMarketplace, RealKey, Oliver (exited) PropTech / Real Estate Tech: HappyCo, Avail (fka Rentalutions) (exit to realtor.com), Visual Feeder, OpenVia, RealVision, Truss (exit to Avison Young) GovTech: eHawk, Throne, Daupler, Ascent Integrated Tech Other B2B Tech: Provi, Chowly, Vertex 3D, Clearbox Decisions / Cloverpop, Balto, Structurely, ProsperStack, Backstitch, WeSolv, Worktorch (fka QuickHire), Page Vault (exited) Opportunistic Consumer: Pacas, Trainwell (fka CoPilot), Jiobit (exit to Life360), Character, @hotel (fka TripScout)
Sandalphon Capital is a micro venture capital firm focused on Seed to Series A investments
Founder
2020
midwest.tech/connect is a massive 2-day virtual summit connecting Midwest startups/founders, VCs and curated angel investors through efficient, mutual opt-in 1-on-1 meetings. FREE for startups - always. Typically we have 600-700 startups and 200-300 investors participating.
Board Member
2023
Stere is an intuitive and digital ecosystem that allows for seamless launch, growth and management of insurance programs. Our mission is 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.
Stere is a one-stop-shop for businesses to find capacity and access digital tools to launch, improve, and grow insurance programs.
Raised $7,000,000.00 from Farmington Capital Partners, InsurTech Fund, Obra Capital, Fin Capital, TiE Oregon, Hartford Investment Management Co. (HIMCO), Sandalphon Capital, Shamir Karkal, Rob Johns and Plug and Play.
Board Member
2022
RoofMarketplace connects homeowners, carriers, and contractors during the complicated roof claim process. Using aerial imagery, roofers provide actionable bids in minutes without ever visiting the property.
RoofMarketplace is an online marketplace platform specifically targeting the property services market.
Raised $6,100,000.00 from Room & Pillar, Rock River Capital, Sandalphon Capital and SageSure.
Board Observer
2022
The only platform that automates and enhances subscriber acquisition and retention experiences so you can keep the customers you’ve already earned.
ProsperStack is a hosted cancellation flow that prevents churn.
Raised $2,000,000.00 from Gopher Angels, Groove Capital, Sandalphon Capital, LAUNCH, Homegrown Capital, Groove Capital and Groove Capital.
Board Observer
2022
Helping insurance brokers and agents write more cyber policies, reduce claims and educating producers on cybersecurity
Havoc Shield develops a cyber security program effective for small businesses.
Raised $5,037,121.00 from Techstars, Dreamit Ventures, HPA (Hyde Park Angels), Active Capital, Techstars and Lofty Ventures.
Board Member
2022
OpenVia is an API-first platform that gives delivery and service companies temporary access to the properties they serve
Board Member
2022
A media tech company that deploys next generation brand activations and digital OOH using projection mapping technology.
Visual Feeder lights up the city streets with full-motion advertising on high-traffic commercial retail locations.
Raised $1,920,000.00 from Halperin Emerging Company Fund.
Board Observer
2021
Solving the public bathroom shortage in America - Throne is building a network of smart, clean bathrooms for those that need to "go" on the go.
Throne Labs expands clean restroom access through a proprietary network of cloud-based public bathrooms powered by data-driven servicing.
Raised $6,154,899.00.