The Many Avenues of the Sandbox Venture Fund

Part of Gary Crittenden’s work as managing partner and chairman of HGGC, LLC, involves overseeing the firm’s portfolio businesses. In addition to serving on the boards of several companies in which HGGC has invested, Gary Crittenden chairs the advisory board of the Strategic Advantage Fund at Sandbox industries.

While Sandbox began as a startup foundry, the company has since opened investment funds with several different foci. One of them, the Sandbox Venture Fund, raised $18.8 million from limited partners. The fund was initiated as a support vehicle for some of the companies started in Sandbox’s foundry, but it has begun to make targeted investments in early-stage external firms as well.

The Sandbox Venture Fund concentrates on investing in good people and good ideas rather than in a specific industry. This philosophy shows in the interesting mix of its portfolio companies, such as Alltuition and Lab42, which are digitally focused firms in the college preparation and market research industries, respectively, and Marbles: The Brain Store, a retailer of puzzles and games.