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Investments

6

Funds

1

About Sandbox Insurtech Ventures

Sandbox Insurtech Ventures is part of Sandbox Industries. Sandbox Insurtech Ventures invests in promising technology start-ups, and drives collaboration between incumbents and insurtechs.

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Latest Sandbox Insurtech Ventures News

Thompson Street Capital Partners Portfolio Company Data Dimensions Acquires WorkCompEDI

Aug 10, 2021

Thompson Street Capital Partners Portfolio Company Data Dimensions Acquires WorkCompEDI ST. LOUIS (August 10, 2021) – Thompson Street Capital Partners (TSCP), a private equity firm based in St. Louis, today announced its portfolio company Data Dimensions, a leading technology services provider in the business process automation industry, has completed the acquisition of WorkCompEDI® and its affiliates (WCEDI) in partnership with Sandbox Insurtech Ventures and management. WCEDI is a leading EDI clearinghouse for the property and casualty market, with a focus on quickly and efficiently facilitating the claims submission process from a provider to a payor. Bailey Southwell & Co. served as the exclusive financial advisor to WCEDI. Terms of the transaction were not disclosed. “WorkCompEDI’s suite of products and services, combined with Data Dimensions’ scale and automation offerings, represents an enormous opportunity to innovate, improve value and create tailored solutions for our clients and partners,” said Bryan Doyle, President and Chief Executive Officer of Data Dimensions. “TSCP’s understanding of the space and their ability to assist us in the execution of our long-term vision continues to be critical to our success.” Operating under the Data Dimensions brand, each entity will leverage its respective strengths to become the premier technology services organization in the Property & Casualty (P&C) industry. From intake automation and digital mailroom processing to an expansive EDI clearinghouse network, and forward to electronic payments, the combined result is a solution that propels the P&C market forward. JC Wetzel, Director at TSCP said, “The acquisition of WCEDI is the next step in the ongoing effort to transform Data Dimensions into the leading tech-enabled, claims-handling engine for the workers’ compensation and P&C insurance industries.” Mr. Wetzel added, “WCEDI’s platform is complementary to our previous investments in automation technology, increasing the scope of the product and services available to customers of Data Dimensions.” ###

Sandbox Insurtech Ventures Investments

6 Investments

Sandbox Insurtech Ventures has made 6 investments. Their latest investment was in Gradient AI as part of their Series B on April 4, 2021.

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Sandbox Insurtech Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

4/14/2021

Series B

Gradient AI

$20M

No

3

2/26/2021

Series A - II

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$99M

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10

12/14/2020

Series B

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$99M

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10

7/1/2020

Seed VC

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$99M

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10

6/18/2020

Series H

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$99M

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10

Date

4/14/2021

2/26/2021

12/14/2020

7/1/2020

6/18/2020

Round

Series B

Series A - II

Series B

Seed VC

Series H

Company

Gradient AI

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Amount

$20M

$99M

$99M

$99M

$99M

New?

No

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Co-Investors

Sources

3

10

10

10

10

Sandbox Insurtech Ventures Fund History

1 Fund History

Sandbox Insurtech Ventures has 1 fund, including Sandbox Insurtech Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/18/2019

Sandbox Insurtech Fund

$43.88M

1

Closing Date

12/18/2019

Fund

Sandbox Insurtech Fund

Fund Type

Status

Amount

$43.88M

Sources

1

Sandbox Insurtech Ventures Team

2 Team Members

Sandbox Insurtech Ventures has 2 team members, including current Managing Director, Christopher Zock.

Name

Work History

Title

Status

Christopher Zock

Managing Director

Current

Chris Zock

Managing Director

Current

Name

Christopher Zock

Chris Zock

Work History

Title

Managing Director

Managing Director

Status

Current

Current

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