# Sands Capital Management: portfolio, investments and team > Sands Capital Management is a growth equity based in United States. 17 investments on record, 8 in the last 12 months, latest Oct 2026. Source: https://millionrounds.com/fund/sands-capital (Millionrounds; every figure on the page links to its filing or article) United States · [Investor](https://millionrounds.com/investors) # Sands Capital Management Last cheque observed Oct 2026; 17 cheques on record. Email Deploying now New fund $55M, Aug 2026 Growth equity Website unconfirmed Growth Information Technology SaaS Biotechnology Follow Sands Capital Management and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fsands-capital) Deploying now **100%** of best year **8** **cheques in 12 months**, 17 on record Since the last cheque **1** days **00** hrs **00** min **00** sec Median round **$750M** Rounds led **4 of 17** Sole investor **1 rounds** Mostly in **United States, 82%** Pitch Sands Capital Management ## Sands Capital Management highlights - 01 8 cheques in the last 12 months - 02 Mostly Growth and Series E: 67% of its rounds - 03 Sole investor in 1 rounds, median $2.0B ## What they do - **Type:** Growth equity - **Cheque size:** Not stated - **Stages:** Growth - **Sectors:** Information Technology SaaS Biotechnology - **Based in:** Arlington, United States - **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). ## The record Every round we can evidence, newest first **17 appearances** - **2026** 8 rounds - **Oct** **[Baseten](https://millionrounds.com/company/baseten)** US · www.tokenpost.com **$2.0B** *Led* - **Oct** **[Legora](https://millionrounds.com/company/legora)** Series E · SE · Google News search **$550M** With 17 others - **Oct** **[Ramp](https://millionrounds.com/company/ramp)** Growth · US · AI Funding Tracker **$1.9B** *Led* - **Aug** **[Base Power](https://millionrounds.com/company/base-power)** Series D · US · TechCrunch **$1.0B** With 14 others - **Jun** **[Baseten](https://millionrounds.com/company/baseten)** Growth · US · Crunchbase News **$1.5B** *Led* - **May** **[Anduril Industries](https://millionrounds.com/company/anduril-industries)** Growth · US · Crunchbase News **$5.0B** With 6 others - **May** **[Ramp](https://millionrounds.com/company/ramp)** Growth · US · TechCrunch **$750M** With 24 others - **Mar** **[Legora](https://millionrounds.com/company/legora)** Series D · SE · Crunchbase News **$550M** With 13 others - **2025** 3 rounds - **Jun** **[Ramp](https://millionrounds.com/company/ramp)** Series E · US · Crunchbase News **$200M** With 13 others - **May** **[Rippling](https://millionrounds.com/company/rippling)** Growth · US · TechCrunch **$450M** With 10 others - **Jan** **[Anduril](https://millionrounds.com/company/anduril)** US · Firms' own news pages **$1.5B** *Led* - **2024** 1 round - **Dec** **[Databricks](https://millionrounds.com/company/databricks)** Growth · US · Crunchbase News **$10B** With 10 others - **2019** 1 round - **Apr** **[908 Devices](https://millionrounds.com/company/908-devices)** Series E · US · FinSMEs **$18M** With 7 others - **2018** 1 round - **Oct** **[WireWheel](https://millionrounds.com/company/wirewheel)** Series A · US · FinSMEs **$10M** With 3 others - **2017** 1 round - **Apr** **[Upgrade](https://millionrounds.com/company/upgrade)** Bridge · US · TechCrunch **$60M** With 9 others - **2015** 1 round - **Oct** **[Opinio](https://millionrounds.com/company/opinio)** Series A · IN **$7.0M** With 2 others - **2014** 1 round - **Jul** **[AppDynamics](https://millionrounds.com/company/appdynamics)** Series E · US **$70M** With 6 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 **23 named** AR **Alexandra Rebecca Fulk** Chief Compliance Officer, Senior Counsel i Form ADV AP **Andrew Phillip Giordano** Executive Managing Director, Business Development and Client Relations i Form ADV BJ **Barron J. Martin** Executive Officer i Filing they signed BA **Brian Alan Christiansen** Executive Managing Director, Sr. Portfolio Manager, Research Analyst i Form ADV CE **Chris Eng** Executive Officer i Filing they signed DM **Dana Marie Mcnamara** Executive Managing Director, Chief Administrative Officer i Form ADV DE **David Edward Levanson** Executive Managing Director, Sr. Portfolio Manager, Research Analyst i Form ADV EE **Erin Elizabeth Soule** Managing Director, Head of Private Markets Finance and Operations i Form ADV FM **Frank Melville Sands** Chief Investment Officer, Chief Executive Officer i Form ADV IW **Ian W Ratcliffe** Executive Managing Director, Executive Managing Partner i Form ADV JL **Jeff Lockhart** Director i Filing they signed JT **Job Taylor** Executive Officer i Filing they signed JP **Jonathan Paul Goodman** General Counsel and Secretary i Form ADV JA **Joseph Andrasko** Executive Officer i Filing they signed MS **Marina Serenbetz** Executive Officer i Filing they signed MJ **Michael J. Clarke** Executive Officer i Filing they signed MF **Michael Franz Raab** Executive Managing Director, Director of Research, Portfolio Manager, Sr. Research Analyst i Form ADV MG **Michael Graninger** Executive Officer i Filing they signed MR **Michael Rubin** Executive Officer i Filing they signed SF **Scott Frederick** Executive Officer i Filing they signed SF **Stephen Frew Nimmo** Executive Managing Director, Business Development and Client Relations i Form ADV SZ **Stephen Zachary** Executive Officer i Filing they signed TP **Thomas Perry Williams** President i Form ADV We also hold **30** 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. ## What the register says From the firm's own filings with the SEC, which it must file accurately by law **$50B** assets it manages, 3 advisers combined Oct 2026 **3+** funds on file numbered funds in its name **Registered** investment adviser full reporting to the SEC - **Legal name:** Sands Capital Alternatives, LLC - **SEC number:** CRD 335568 Funds on its Form ADV **29** private funds, **$2.5B** in gross assets · filed Nov 2024 Private equity **17** Venture **9** Pooled investment vehicle **3** - Sands Capital Emerging Markets Growth Master Fund, L.P. *Pooled investment vehicle* 66 investors $751M - Sands Capital Global Innovation Fund II, L.P. *Private equity* 265 investors $393M - Sands Capital Life Sciences Pulse Fund II, L.P. *Private equity* 196 investors $237M - Sands Capital Global Venture Fund II, L.P. *Venture* 107 investors $175M - Sands Capital Global Venture Fund I, L.P. *Venture* 58 investors $171M - Sands Capital Global Innovation Fund, L.P. *Private equity* 90 investors $143M - Sands Capital Global Innovation Fund C-1, L.P. *Private equity* 33 investors $139M - Sands Capital Global Venture Fund III, L.P. *Venture* 134 investors $96M - Sands Capital Global Innovation Fund II-X, L.P. *Private equity* 265 investors $76M - Sands Capital Life Sciences Pulse Fund, L.P. *Private equity* 80 investors $47M And 19 more on the filing. New fund on file **$55M** raised in Aug 2026 From its SEC filing, not a journalist: a firm that has just raised has money to deploy. ## The cheque Growth Median round joined **$750M** the round, not its cheque Alone, median **$2.0B** Led 4 of 17 rounds **24%** - **Sole investor:** 1 rounds - **Last cheque:** Oct 2026 Rounds by stage said on their site - Growth said *6* - Series E *4* - Series A *2* - Series D *2* - Bridge *1* Cheques by month Led Joined Nov 2023 Oct 2026 Often in the room with - [Founders Fund](https://millionrounds.com/fund/founders-fund) 6 - [General Catalyst](https://millionrounds.com/fund/general-catalyst) 6 - [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners) 6 - [GIC](https://millionrounds.com/fund/gic) 5 - [Coatue](https://millionrounds.com/fund/coatue-management) 4 - [D1 Capital Partners](https://millionrounds.com/fund/d1-capital-partners) 4 **Pitching Sands Capital Management?** 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 Management. A count of rooms they were both in, not a relationship either has claimed. [**Founders Fund** VC firm **6** rounds together](https://millionrounds.com/fund/founders-fund)[**General Catalyst** VC firm **6** rounds together](https://millionrounds.com/fund/general-catalyst)[**Lightspeed Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/lightspeed-venture-partners)[**GIC** Private equity **5** rounds together](https://millionrounds.com/fund/gic)[**Coatue** VC firm **4** rounds together](https://millionrounds.com/fund/coatue-management)[**D1 Capital Partners** Hedge fund **4** rounds together](https://millionrounds.com/fund/d1-capital-partners)[**ICONIQ Capital** Family office **4** rounds together](https://millionrounds.com/fund/iconiq-capital)[**Thrive Capital** Accelerator **4** rounds together](https://millionrounds.com/fund/thrive-capital)[**8VC** VC firm **3** rounds together](https://millionrounds.com/fund/8vc)[**Accel** VC firm **3** rounds together](https://millionrounds.com/fund/accel)[**Andreessen Horowitz** VC firm **3** rounds together](https://millionrounds.com/fund/andreessen-horowitz)[**Avenir** VC firm **3** rounds together](https://millionrounds.com/fund/avenir) ## Recently backed The latest companies Sands Capital Management put money into. [**Baseten** $2.0B · Oct 2026](https://millionrounds.com/company/baseten)[**Legora** $550M · Oct 2026](https://millionrounds.com/company/legora)[**Ramp** $1.9B · Oct 2026](https://millionrounds.com/company/ramp)[**Anduril Industries** $5.0B · May 2026](https://millionrounds.com/company/anduril-industries)[**Rippling** $450M · May 2025](https://millionrounds.com/company/rippling)[**Databricks** $10B · Dec 2024](https://millionrounds.com/company/databricks) ## Mentioned on podcasts Episodes that name Sands Capital Management in their description, not their title. - [Business Breakdowns](https://millionrounds.com/podcasts/business-breakdowns) 24 Jul 2024 · 53 min Axon: Stunning The Competition - [Business Breakdowns, EP.175] Mentions [Sands Capital Management](https://millionrounds.com/fund/sands-capital) Apple PodcastsShow page ## Quick answers about Sands Capital Management ### What does Sands Capital Management invest in? Sands Capital Management invests most often at Growth and Series E (67% of the rounds on record), in sectors such as Information Technology, SaaS and Biotechnology. ### How active is Sands Capital Management? 17 investments on record, 8 of them in the last 12 months, and it led 4. The most recent was in Oct 2026. ### What has Sands Capital Management invested in recently? Its most recent investments on record: Baseten (Undisclosed round, Oct 2026), Legora (Series E, Oct 2026) and Ramp (Growth, Oct 2026). ### How big are Sands Capital Management's cheques? The median round it joins is $750M. ### Does Sands Capital Management lead rounds? Yes: it led 4 of its 17 investments on record (24%). ### Where does Sands Capital Management invest? Most of the companies it backs are in the United States (82%), Sweden (12%) and India (6%). ### Is Sands Capital Management investing now? Yes: it is actively investing, with 8 investments in the last 12 months. ### Who does Sands Capital Management invest alongside? Most often Founders Fund (6 rounds together), General Catalyst (6 rounds together) and Lightspeed Venture Partners (6 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) · [Is this your firm? Claim it](https://millionrounds.com/claim?org=sands-capital)