Sands Capital

Venture capital firm
Arlington, Virginia, USAFounded 1992$50B AUMwww.sandscapital.com

Independent growth equity and venture firm investing across life sciences, global innovation, and early-stage technology with $50B AUM.

Strategy

Stages
SeedGrowthLate Stage
Sectors
Life SciencesTechnologyHealthcare
Geographies
Arlington, Virginia, USA

Recent changes

  1. Sep 5, 2026Stages updated: Seed, Growth, Late Stage sandscapital.com
  2. Sep 5, 2026Sectors updated: Life Sciences, Technology, Healthcare sandscapital.com
  3. Jul 28, 2026New fund: Sands Capital Venture Fund IV SEC EDGAR Form D
  4. Jun 26, 2026Invested in Baseten (Series F, $1.5B) Crunchbase News

Funds

1
FundVintageSizeStrategySource
Sands Capital Venture Fund IV2026—Venture
As of Jul 28, 2026SEC EDGAR Form D

Portfolio

2 total
BasetenAnduril Industries

Recent Investment Activity

1
DateCompanyEventAmountValuationInvestorsSource
Jun 26, 2026BasetenSeries F$1.5B$13B
Altimeter CapitalConvictionSpark CapitalSands CapitalWellington Management
outlined = lead
Pulse story

Sector / Stage Activity

By sector (portfolio)
Defense
1 · 50%
AI infra
1 · 50%

Co-Investors

12
8VC · 1 sharedAndreessen Horowitz · 1 sharedBezos Expeditions · 1 sharedCoatue Management · 1 sharedContrary Capital · 1 sharedCraft Ventures · 1 sharedFJ Labs · 1 sharedFounders Fund · 1 sharedFriends & Family Capital · 1 sharedGeneral Catalyst · 1 sharedGreycroft · 1 sharedLiquid 2 Ventures · 1 shared

Latest Pulse

  1. Baseten Reportedly Raising ~$1.5B at a $13B Valuation as AI Inference Becomes the Hot TradeAI inference platform Baseten is reportedly raising roughly $1.5 billion at a valuation of up to $13 billion -- tripling its mark in about five months -- co-led by Spark Capital, Sands Capital, Altimeter and Wellington. The round captures investors racing into the layer that actually serves AI models in production, where Baseten's ARR has reportedly jumped from $200M to $600M.→
Sources & methodologyshow
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