Venture
BlueCross BlueShield Venture Partners V, LLC
Raising 2025-08-15Venture Capital Fund · adviser (attributed) Sandbox Industries
- CIK 1942561
- File 021-457125
- State IL
- 506(b)
- 3(c)(1)
- 3(c)(7)
- Sought
- Indefinite
- no ceiling stated
- Sold so far
- $370M
- as of 2025-08-15
- Investors
- 37
- reported
- Minimum investment
- $0
- no minimum, as filed
Connected
from Form D 021-457125Adviser (attributed)Sandbox IndustriesPeople · Item 3Blue Cross Blue Shield Association + 2 moreFiling · 2025-08-15Form D 021-457125Fund family · dashboard5 funds on its Form ADV
BlueCross BlueShield Venture Partners V, LLCCIK 1942561
Fund size — sought vs sold
No ceiling stated: the Form D answers "Indefinite", so $370M sold is the running total of subscriptions, not a share of a target.
Facts
As its latest Form D states them
- Fund type
- Venture Capital Fund
- Adviser (attributed)
- Sandbox Industries
- State
- Illinois (IL)
- Exemptions
- Rule 506(b); Investment Company Act Section 3(c)(1); Investment Company Act Section 3(c)(7)
- First filed
- 2022-08-26
- Latest filing
- 2025-08-15
- First sale
- 2022-08-29
- Filings
- 4 Form D
People
Named in Item 3 of its latest Form D, filed 2025-08-15
| Name | Relationship | Clarification |
|---|---|---|
| Blue Cross Blue Shield Association | RelationshipPromoter | Clarification— |
| John Banta | RelationshipExecutive Officer | ClarificationPresident and Managing Director of the Issuer |
| Juan Lopez | RelationshipExecutive Officer | ClarificationChair of the Board of the Issuer |
Amendments
amount sold · by filing date2025-08-15 · $370M
- 2022-08-26$0D · 0 inv.
- 2023-08-30$363MD/A · 33 inv.
- 2024-08-19$366MD/A · 34 inv.
- 2025-08-15$370MD/A · 37 inv.
Hover a dot or row, or tab through the dots · bars scaled to the largest round ($370M)
The other funds of Sandbox Industries (5 on Form ADV) and every Form D as filedSee plans
The firm and the filings behind BlueCross BlueShield Venture Partners V, LLC
A fund's Form D states its target and what it has sold so far. The dashboard puts it beside the adviser's other funds from Form ADV, the startups linked to it, and every amendment as filed.
- The adviser's Venture page: its Form ADV funds, assets and other Form D offerings
- Where co-filings link it, the startups this fund backed
- Every Form D and amendment as filed, with what each one stated
- Everyone its filings name, linked to their other funds and companies
Part of the Venture plan — $140/mo at launch pricing ($350 list)
See plansExternal link: SEC Filings ↗