When was Sand Hill Angels founded?

Sand Hill Angels was founded in 2000.

Where is Sand Hill Angels' headquarters located?

Sand Hill Angels' headquarters is located in Mountain View (United States).

How many companies has Sand Hill Angels invested in?

Sand Hill Angels has invested in 97 companies, including Carbon Health & DailyPay.

Which companies has Sand Hill Angels invested in lately?

Ampaire & Overlord Labs are the latest investments by Sand Hill Angels.

What sectors does Sand Hill Angels focus on for investments?

Top sectors in Sand Hill Angels' portfolio are Enterprise Applications (34 investments) and High Tech (21 investments).

How many exits has Sand Hill Angels been involved in?

Sand Hill Angels' portfolio has seen 2 IPOs and 14 acquisitions.

How many unicorns are there in Sand Hill Angels' portfolio?

There are 9 unicorns in Sand Hill Angels' portfolio.

Sand Hill Angels - 2026 Investor Profile, Portfolio & Investment Trends

Sand Hill Angels, established in 2000, is an angel investment group based in Mountain View, United States. It primarily focuses on Seed investments in companies in United States. Its portfolio includes 97 firms, spanning the Enterprise Applications, High Tech sectors. Its most notable investments include companies like Carbon Health, DailyPay and PAX Labs. As of Sep 2026, Sand Hill Angels has 9 unicorns under its belt and has witnessed 16 portfolio exits. Its latest investment was a $19M Series B round in Ampaire on Aug 18, 2026, which also saw participation from International Airlines Group and Alaska Airlines.

To date, 232 investors have co-invested in Sand Hill Angels's portfolio companies, including prominent names like Gaingels.

Key Metrics

Founded Year

2000

Location

Mountain View, United States

Portfolio Companies

Carbon Health, DailyPay & 95 more

Sectors of Investment

Enterprise Applications, High Tech & 29 more

Stages of Investment

Seed, Series A & 4 more

Locations of Investment

United States & Canada

Unicorn in Portfolio

Swiftly, Carbon Health & 7 more

View Sand Hill Angels's full profile

Sand Hill Angels has a portfolio of 97 companies, including 9 unicorns. Their most notable investments are in DynaOptics and Owl Ai Us.Their portfolio spans across United States and Canada. They have invested in Enterprise Applications, High Tech, Life Sciences and 28 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Sand Hill Angels:

1. Carbon Health

Provider of a wide range of healthcare services. The platform allows patients to book appointments, message provider, view health history, and manage prescriptions all in one place. Users can also order diagnostic tests and medicines at home.

Key facts about Carbon Health

Founded Year: 2015
Location: Seattle (United States)
Valuation: $*****
Stage: Series D
Total Funding till date: $614M
Employee Count: 1,079 as on Aug 31, 2026
Investors: Silver Lake, Dragoneer Investment Group and 66 Others
Latest Funding Round: Series D, Jan 09, 2023, $*****
Highlight: Editors' Pick

2. DailyPay

Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand. It integrates directly with employers’ existing payroll, HR, and workforce management systems, allowing workers to view and transfer portions of their accrued earnings in real time. It is positioned as a retention and engagement tool that helps attract and retain talent by offering greater financial flexibility without requiring major changes to payroll operations. It emphasizes seamless integration, enterprise-grade security, and minimal administrative overhead for businesses.

Key facts about DailyPay

Founded Year: 2015
Location: New York City (United States)
Valuation: $*****
Stage: Series D
Total Funding till date: $264M
Employee Count: 1,017 as on Aug 31, 2026
Investors: Section Partners, Access Industries and 47 Others
Latest Funding Round: Conventional Debt, Feb 20, 2026, $*****
Highlight: Editors' Pick

3. PAX Labs

Internet-first brand offering cannabis-infused vapor products. It offers multi-category products like cannabis-infused vape, cannabis, and accessories for smoking product

Key facts about PAX Labs

Founded Year: 2007
Location: San Francisco (United States)
Valuation: $*****
Stage: Series E
Total Funding till date: $571M
Employee Count: 427 as on Aug 31, 2026
Investors: Oceanic Partners, Fidelity Investments and 28 Others
Latest Funding Round: Series E, Apr 12, 2019, $*****
Highlight: Editors' Pick

4. CollectiveHealth

Collective Health offers a cloud-based self-insurance platform for employers to sponsor their employees. The platform allows employers to customize plans to fit their needs. The cloud-based platform integrates with the organization's existing HR and Finance systems and provides real-time data and actionable insights and also brings medical, pharmacy, dental, and vision networks together.

Key facts about CollectiveHealth

Founded Year: 2013
Location: San Francisco (United States)
Valuation: $*****
Stage: Series F
Total Funding till date: $714M
Employee Count: 791 as on Aug 31, 2026
Investors: Western Technology Investment, Redpoint Ventures and 39 Others
Latest Funding Round: Series F, May 04, 2021, $*****
Highlight: Editors' Pick

5. Headspin

Provider of automated and manual testing platform for mobile and web. The platform offers end-to-end automation of the quality assurance process. It allows comparative analysis of application performance against peers. The platform facilitates continuous monitoring of application performance using synthetic data. It provides tools for issue resolution and user experience enhancement.

Key facts about Headspin

Founded Year: 2014
Location: Palo Alto (United States)
Valuation: $*****
Stage: Series C
Total Funding till date: $117M
Employee Count: 230 as on Aug 31, 2026
Investors: Foundation Capital, Dell Technologies Capital and 62 Others
Latest Funding Round: Series C, Apr 02, 2023, $*****
Highlight: Editors' Pick

View the full list of portfolio companies

Sand Hill Angels has invested in 97 companies over the last 18 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 5 investments, while as of Aug 2026, it has made 3 investments in this year. Its most recent first time investment was in Ampaire and most recent follow-on round was in Logomix.

Here are Sand Hill Angels' Year-on-Year Investment Trends:

Year	No. of Investments
Year	1^st Round	Follow-on	Total
2026 (YTD)	3	0	3
2025	4	1	5
2024	1	0	1
2023	5	0	5
2022	7	1	8
2021	8	1	9
2020	2	1	3
2019	4	1	5
2018	4	1	5
2017	3	2	5

View all investments by Sand Hill Angels

Sand Hill Angels has made 48 investments in Seed stage with an average round size of $2.99M, 21 investments in Series A stage with an average round size of $5.39M and 6 investments in Series B stage with an average round size of $32M.

Here are Sand Hill Angels' investments by stage:

Stage of entry	No. of Investments
Seed	48
Series A	21
Series B	6
Angel	3
Series C	1
Others	1

Note: We have considered here, only first round of investments

View all investments by Sand Hill Angels

Sand Hill Angels has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, High Tech, Life Sciences and HealthTech. Notably, it has invested in 89 Tech companies, 69 Enterprise (B2B) companies, 41 Software companies and at least 32 companies focusing on Consumer (B2C).

Here are Sand Hill Angels' investments by sector:

Sector	No. of Investments
Enterprise Applications	26
Consumer	21
High Tech	14
Life Sciences	13
HealthTech	9
Others	90

Note: We have considered here, only first round of investments

View all investments by Sand Hill Angels

Sand Hill Angels has made most investments in United States (79), followed by Canada where it has made 1 investment.

Here are Sand Hill Angels' investments by geography:

Country	No. of Investments
United States	79
Canada	1

Note: We have considered here, only first round of investments

View all investments by Sand Hill Angels

Sand Hill Angels has made 3 investments in 2026 so far. Ampaire and Overlord Labs are the latest among them.

Here are the most recent investments by Sand Hill Angels:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Aug 18, 2026	Ampaire	United States	Series B	2276	International Airlines Group ... [+12]
May 26, 2026	Overlord Labs	United States	Seed	1547	Band of Angels [+3]
Apr 14, 2026	Ratio Technologies	United States	Series B	7604	Streamlined Ventures [+4]
Sep 11, 2025	Lovu	United States	Series A	7665	SJF Ventures [+7]
Jul 30, 2025	Logomix	United States	Series A	9296	Angel Bridge [+12]

See more recent investments made by Sand Hill Angels

Sand Hill Angels has 9 unicorns in its portfolio - Swiftly, Carbon Health, DailyPay and others. The most recent unicorn in their portfolio is Swiftly. It became a unicorn in 2022.

Here is a list of unicorns in Sand Hill Angels' portfolio:

Filter this list

Tracxn Score	Company	Short Description	Founded year	Sector	Location	Company Stage	First Investment/ Acquisition Details
65	Swiftly	Provider of retail technology platform for grocers and consumer brands	2017	Enterprise Applications [+2]	Seattle	Series C	uqdxktr
76	Carbon Health	Provider of a wide range of healthcare services	2015	HealthTech	Seattle	Series D	fpjawih
74	DailyPay	Financial wellness and earned wage access platform that enables employees to access their earned pay on-demand	2015	FinTech [+2]	New York City	Series D	hsuqxbp
72	CollectiveHealth	Cloud-based self-insurance platform for employers to sponsor their employees	2013	Enterprise Applications [+3]	San Francisco	Series F	bhfjtyf
64	Axiom Space	Developer of commercial space stations for habitation	2016	Aerospace, Maritime and Defense Tech [+1]	Houston	Series D	c{ovemt

View more details about unicorns in Sand Hill Angels' portfolio

2 of Sand Hill Angels' portfolio companies have become public. Tivic Health got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Nov 2021 at marketcap of $46.3M and RenovoRx got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ) at marketcap of $75.5M.

Here are Sand Hill Angels' portfolio companies that went public:

Filter this list

Company	IPO Date	First Invested on	First Round of Investment	Round Size
Tivic Health	Nov 11, 2021	Aug 18, 2019	Seed	2154
RenovoRx	Aug 26, 2021	Jan 28, 2014	Series B	6653

View more details about public companies in Sand Hill Angels' portfolio

14 companies from Sand Hill Angels' portfolio have been acquired. The most recent acquisition was CirrusMD in Mar 2026 by Quantum Health for $*****.

Here are Sand Hill Angels' portfolio companies that got acquired most recently:

Filter this list

Company	Acquisition Date	First Invested on	First Round of Investment	Round Size
CirrusMD	Mar 03, 2026	Jan 14, 2015	Seed	2359
Gluware	Jan 08, 2025	Mar 03, 2011	Series A	7779
MyHealthTeam	Jan 07, 2025	Aug 14, 2012	Seed	8743
Imperative	Jun 05, 2024	-	-	8054
ReplyBuy	Sep 24, 2020	Feb 09, 2016	Seed	3753

View all acquired companies in Sand Hill Angels' portfolio

Over the past 18 years, 520 investors have co-invested in Sand Hill Angels's portfolio companies. This includes funds and angels.

Invested before Sand Hill Angels: National Science Foundation, OSTI and 126 others have invested in rounds before Sand Hill Angels. There are 3 companies where National Science Foundation has invested before Sand Hill Angels and 2 companies where OSTI has invested before Sand Hill Angels.
Top Co-investors of Sand Hill Angels: 232 investors entered a company along with Sand Hill Angels. These include investors like Gaingels (9 companies).
Invested after Sand Hill Angels: A total of 160 investors have invested in Sand Hill Angels's portfolio after their investments. Top Investors include Drive Capital (3 companies) and NIH (2 companies).