# Sands Capital Ventures: portfolio, investments and team > Sands Capital Ventures is a private equity. 99 investments on record, 15 in the last 12 months, latest Aug 2026. Portfolio, stages, co-investors and team. Source: https://millionrounds.com/fund/sands-capital-ventures (Millionrounds; every figure on the page links to its filing or article) [Investor](https://millionrounds.com/investors) # Sands Capital Ventures Last cheque observed Aug 2026; 99 cheques on record. Deploying now New fund $4.5M, Nov 2018 Private equity Website unconfirmed Now at sandscapital.com Buyout Growth Pre-IPO Health Care Deploying now **79%** of best year **15** **cheques in 12 months**, 99 on record Since the last cheque **82** days **00** hrs **00** min **00** sec Median round **$45M** Rounds led **2 of 99** Sole investor **7 rounds** Exits **2 from the portfolio** Mostly in **United States, 80%** Pitch Sands Capital Ventures ## Sands Capital Ventures highlights - 01 15 cheques in the last 12 months - 02 Mostly Venture and Series A: 52% of its rounds - 03 Sole investor in 7 rounds, median $10M - 04 2 exits from the portfolio ## What they do - **Type:** Private equity (from a list, unverified) - **Cheque size:** Not stated - **Stages:** Buyout Growth Pre-IPO Seed Series A - **Sectors:** Health Care - **Cold pitches:** Not stated A website was listed for this organisation, but we could not confirm it belongs to the firm that wrote these cheques. Either the site never mentions them, or it turned out to be a different company sharing the name. We show neither it nor anything read from it. [Tell us the right one](https://millionrounds.com/corrections?slug=sands-capital-ventures). ## The record Every round we can evidence, newest first **99 appearances** - **2026** 12 rounds - **Aug** **[HealthSnap](https://millionrounds.com/company/healthsnap)** Debt · US · Ventureburn **$25M** With 3 others - **Jul** **[Allotera Therapeutics](https://millionrounds.com/company/allotera-therapeutics)** Series C · US · Firms' own news pages **$35M** With 4 others - **Jul** **[LimaCharlie](https://millionrounds.com/company/limacharlie)** Debt · US **$2.1M** With 3 others - **Jun** **[Taysha Gene Therapies](https://millionrounds.com/company/taysha-gene-therapies)** US **$200M** With 4 others - **May** **[RevEng.AI](https://millionrounds.com/company/reveng-ai)** Series A · GB · NATO Innovation Fund (NIF) **$15M** With 4 others - **May** **[Lyra Health](https://millionrounds.com/company/lyra-health)** Growth · US **$57M** With 4 others - **Apr** **[Cnuic Technologies](https://millionrounds.com/company/cnuic-technologies)** Pre-seed · GB **$3.0M** With 1 other - **Apr** **[Spruce Biosciences](https://millionrounds.com/company/spruce-biosciences)** US **$60M** With 2 others - **Apr** **[Keebler Health](https://millionrounds.com/company/keebler-health)** Series A · US **$16M** With 4 others - **Mar** **[Red Sift](https://millionrounds.com/company/red-sift)** Venture · GB **Undisclosed** With 3 others - **Jan** **[Spruce Biosciences](https://millionrounds.com/company/spruce-biosciences)** Venture · US **Undisclosed** With 3 others - **Jan** **[Alamar Biosciences](https://millionrounds.com/company/alamar-biosciences)** US **$50M** With 4 others - **2025** 18 rounds - **Dec** **[PolyAI](https://millionrounds.com/company/polyai)** Series D · US **$86M** With 6 others - **Dec** **[Codoxo](https://millionrounds.com/company/codoxo)** Series C · US **$35M** With 2 others - **Nov** **[Elephas](https://millionrounds.com/company/elephas)** Venture · US **$40M** With 2 others - **Sept** **[Avenzo Therapeutics](https://millionrounds.com/company/avenzo-therapeutics)** Series B · US **$60M** With 5 others - **Aug** **[Klaviyo](https://millionrounds.com/company/klaviyo)** Secondary · US **$195M** With 2 others - **Aug** **[Allotera Therapeutics](https://millionrounds.com/company/allotera-therapeutics)** Series C · US **$115M** With 2 others - **Jun** **[Spyglass Pharma](https://millionrounds.com/company/spyglass-pharma)** Series D · US · Vensana Capital **$75M** With 3 others - **Jun** **[RevEng](https://millionrounds.com/company/reveng)** Seed · GB **$4.2M** With 3 others - **Jun** **[Chronicle Studios](https://millionrounds.com/company/chronicle-studios)** Seed · AU **$12M** With 2 others - **May** **[Exo](https://millionrounds.com/company/exo)** US · TechCrunch **$100M** *Led* - **Apr** **[Hawk](https://millionrounds.com/company/hawk)** Series C · DE **$56M** With 4 others - **Apr** **[CytoVale](https://millionrounds.com/company/cytovale)** Venture · US **Undisclosed** With 4 others - **Apr** **[SafeRide Health](https://millionrounds.com/company/saferide-health)** Debt · US **$48M** With 3 others - **Apr** **[ModMed](https://millionrounds.com/company/modmed)** Growth · US **$100M** With 3 others - **Mar** **[pgEdge](https://millionrounds.com/company/pgedge)** Seed · US **$4.2M** With 1 other - **Feb** **[CompScience](https://millionrounds.com/company/compscience)** Series B · US **$28M** With 5 others - **Feb** **[Dreadnode](https://millionrounds.com/company/dreadnode)** Series A · US **$14M** With 2 others - **Jan** **[FIRE1](https://millionrounds.com/company/fire1)** Series B · IE **$120M** With 5 others - **2024** 10 rounds - **Dec** **[Cleerly](https://millionrounds.com/company/cleerly)** Series C · US · TechCrunch **$106M** With 4 others - **Nov** **[Vitara Biomedical](https://millionrounds.com/company/vitara-biomedical)** Series B · US **$50M** With 2 others - **Oct** **[Blue Earth Therapeutics](https://millionrounds.com/company/blue-earth-therapeutics)** Series A · GB **$77M** Sole investor - **Aug** **[Earli](https://millionrounds.com/company/earli)** Venture · US **Undisclosed** With 5 others - **Jul** **[Credo AI](https://millionrounds.com/company/credo-ai)** Series B · US **$21M** With 2 others - **Jul** **[Boom Entertainment](https://millionrounds.com/company/boom-entertainment)** Venture · US **$5.2M** With 3 others - **Apr** **[Acrivon Therapeutics](https://millionrounds.com/company/acrivon-therapeutics)** US **$130M** With 4 others - **Apr** **[SeLux Diagnostics](https://millionrounds.com/company/selux-diagnostics)** Series D · US **$48M** With 3 others - **Feb** **[HealthSnap](https://millionrounds.com/company/healthsnap)** Series B · US **$25M** With 2 others - **Feb** **[Uhnder](https://millionrounds.com/company/uhnder)** Series D · US **$50M** With 4 others An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor. ## The team Named by the firm itself, on a filing, its Form ADV or its company registration **3 named** ES **Erin Soule** Executive Officer i Filing they signed IR **Ian Ratcliffe** Executive Officer i Filing they signed JG **Jonathan Goodman** Executive Officer i Filing they signed We also hold **4** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them. ## Exits from the portfolio Companies it backed that were later bought or listed **2 in all** **[Paydiant](https://millionrounds.com/company/paydiant)** Bought by PayPal **$280M** Mar 2015 **[Firefly BioWorks](https://millionrounds.com/company/firefly-bioworks)** Bought by [Abcam](https://millionrounds.com/fund/abcam) **$28M** Jan 2015 An exit counts when it came after the firm's first round in the company. From historical deal records. New fund on file **$4.5M** raised in Nov 2018 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Buyout Growth Pre-IPO Median round joined **$45M** the round, not its cheque Alone, median **$10M** Led 2 of 99 rounds **2%** - **Sole investor:** 7 rounds - **Last cheque:** Aug 2026 - **Exits:** 2 from the portfolio Rounds by stage said on their site - Venture *19* - Series A said *16* - Series B *12* - Series D *12* - Series C *8* - Buyout said *-* - Growth said *-* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates) 8 - [RA Capital Management](https://millionrounds.com/fund/ra-capital-management) 7 - [Alumni Ventures](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund) 5 - [Perceptive Advisors](https://millionrounds.com/fund/perceptive-advisors) 5 - [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures) 5 - [BlackRock](https://millionrounds.com/fund/blackrock) 4 **Pitching Sands Capital Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque. Add to your CRM *→* ## Who they invest alongside The investors most often in the same rounds as Sands Capital Ventures. A count of rooms they were both in, not a relationship either has claimed. [**New Enterprise Associates** VC firm **8** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**RA Capital Management** Private equity **7** rounds together](https://millionrounds.com/fund/ra-capital-management)[**Alumni Ventures** VC firm **5** rounds together](https://millionrounds.com/fund/us-strategic-tech-fund-an-alumni-ventures-fund)[**Perceptive Advisors** Asset manager **5** rounds together](https://millionrounds.com/fund/perceptive-advisors)[**Salesforce Ventures** Corporate VC **5** rounds together](https://millionrounds.com/fund/salesforce-ventures)[**BlackRock** Asset manager **4** rounds together](https://millionrounds.com/fund/blackrock)[**General Catalyst** VC firm **4** rounds together](https://millionrounds.com/fund/general-catalyst)[**Khosla Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/khosla-ventures)[**Novo Holdings** VC firm **4** rounds together](https://millionrounds.com/fund/novo-ventures)[**Brookside Capital** Hedge fund **3** rounds together](https://millionrounds.com/fund/brookside-capital)[**Coatue** VC firm **3** rounds together](https://millionrounds.com/fund/coatue-management)[**CrunchFund** VC firm **3** rounds together](https://millionrounds.com/fund/crunchfund-3) ## Recently backed The latest companies Sands Capital Ventures put money into. [**HealthSnap** $25M · Aug 2026](https://millionrounds.com/company/healthsnap)[**Allotera Therapeutics** $35M · Jul 2026](https://millionrounds.com/company/allotera-therapeutics)[**LimaCharlie** $2.1M · Jul 2026](https://millionrounds.com/company/limacharlie)[**Taysha Gene Therapies** $200M · Jun 2026](https://millionrounds.com/company/taysha-gene-therapies)[**RevEng.AI** $15M · May 2026](https://millionrounds.com/company/reveng-ai)[**Lyra Health** $57M · May 2026](https://millionrounds.com/company/lyra-health) ## Quick answers about Sands Capital Ventures ### What does Sands Capital Ventures invest in? Sands Capital Ventures invests most often at Venture and Series A (52% of the rounds on record), in sectors such as Health Care. ### How active is Sands Capital Ventures? 99 investments on record, 15 of them in the last 12 months, and it led 2. The most recent was in Aug 2026. ### What has Sands Capital Ventures invested in recently? Its most recent investments on record: HealthSnap (Debt, Aug 2026), Allotera Therapeutics (Series C, Jul 2026) and LimaCharlie (Debt, Jul 2026). ### How big are Sands Capital Ventures's cheques? The median round it joins is $45M. ### Does Sands Capital Ventures lead rounds? Sometimes: it led 2 of its 99 investments on record (2%). ### Where does Sands Capital Ventures invest? Most of the companies it backs are in the United States (80%) and the United Kingdom (13%). ### Is Sands Capital Ventures investing now? Yes: it is actively investing, with 15 investments in the last 12 months. ### Who does Sands Capital Ventures invest alongside? Most often New Enterprise Associates (8 rounds together), RA Capital Management (7 rounds together) and Alumni Ventures (5 rounds together). ## Raising now? Find the investors who back rounds like yours, and keep every conversation on one fundraising board. Find similar investorsOpen your CRM Built from the rounds we watched, its filings and its own website, refreshed every night. [How we count](https://millionrounds.com/methodology) · [Report a correction](https://millionrounds.com/corrections?slug=sands-capital-ventures) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=sands-capital-ventures)