Sands Capital key facts
- Sands Capital is a growth equity firm based in Arlington, Virginia with 46 tracked portfolio companies.
- Notable positions include OpenAI, Databricks, Anduril Industries.
- PrivateMarketView records 6 deal participations by Sands Capital.
- Sands Capital’s most recent recorded investment was in Mar 2025 and 1 over two years.
- Sands Capital has 1 fund on record.
- The team roster lists 102 people.
About Sands Capital
Founded in 1992, Sands Capital is a growth equity firm based in Arlington, Virginia. The firm seeks to invest in companies operating in healthcare, business products and services, consumer products and services, artificial intelligence, machine learning, cybersecurity, healthcare technology, digital life, and technology sectors. This firm is a Registered Investment Adviser (RIA).
Investment focus
Its SEC Form ADV lists $2.7 billion in regulatory assets under management across 34 private funds (Mar 2026).
Investment activity
Sands Capital joined 2 recorded rounds in the last two years (1 in the last 12 months), down from 4 in the two years before. By year: 1 in 2026, 1 in 2025 and 1 in 2024. Sands Capital is recorded as lead on 1 of them. Sands Capital most often invests alongside Andreessen Horowitz (2 shared rounds), Coatue Management (2 shared rounds) and GREENOAKS (2 shared rounds). Most recently: OpenAI (later-stage round, Mar 2026) and Flock Safety (Series H, Mar 2025).
Sands Capital portfolio at a glance
46 portfolio companies are on record for Sands Capital, including OpenAI, Databricks and Anduril Industries.
38 of the 46 carry a recorded valuation and 7 have recorded secondary-market trades, the names a secondary buyer or seller can price.
Sands Capital funds
1 fund is on record for Sands Capital. The most recent is Global Venture Fund III (2021 vintage).
Sands Capital team
102 people are on record at Sands Capital: 23 analysts, 21 partners, 13 associates, 10 managing partners and 35 others. Senior names include Andrew P. Giordano (Executive Managing Director), Barron Martin (Managing Partner) and Brian Christiansen (Managing Director). 102 of them have a verified direct contact on file.
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Sands Capital at the SEC
Form ADV · 2026-03 · CRD 155517- Regulatory AUM
- $2.7B
- Private fund assets
- $3.7B
- Private funds
- 34 · 11 venture, 23 private equity
- Staff
- 182
- Registered office
- ARLINGTON, VA
- SEC status
- Approved
Reports custody of client assets.
Source: SEC Investment Adviser Public Disclosure, Form ADV (registered as SANDS CAPITAL ALTERNATIVES, LLC).
- ·The top 10 names in the book — of 46 recorded positions
- ·The 10 latest deals — of 6 rounds
- ·Watchlist + alerts for Sands Capital's activity
Portfolio
46 companies · priced for members| Company | Industry | Valuation | First invested | Role |
|---|---|---|---|---|
| OpenAI | Software Development Applications | ▮ | ▮ | ▮ |
| Databricks | Business/Productivity Software | ▮ | ▮ | ▮ |
| Anduril Industries | Aerospace and Defense | ▮ | ▮ | ▮ |
+ 43 more companies · all 46, priced and dated or a free account shows the top 10 names — no card Membership and data by Private Market View | ||||
Sands Capital recent deals
6 recordedMembership and data by Private Market View
Funds
1 recorded- Global Venture Fund III2021$202
$202 raised across the 1 fund that report a size
Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.
Frequently asked about Sands Capital
- What companies does Sands Capital invest in?
- Sands Capital has 46 recorded portfolio companies, including OpenAI, Databricks, Anduril Industries.
- What is Sands Capital's AUM?
- Sands Capital manages approximately $59.0B in assets.
- Is Sands Capital actively investing?
- Sands Capital's most recent recorded investment was in Mar 2025.