A Collaborative Investment Vehicle, or a CIV, is an investment model pioneered by Sandbox Industries; the first Fund to use this model was Blue Cross Blue Shield Venture Partners I, L.P. CIVs invest in new businesses that are of strategic relevance to the Fund's corporate investors.
Sandbox has an exclusive partnership with BlueCross BlueShield Venture Partners to manage and invest BCBSVP Funds I and II [REF].