Sands Capital Ventures, LLC
Every aspect of the Sands Capital culture is geared toward delivering strong results for our clients.
In the firm's own words, from its website.
123 additional team members, 21 additional co-investors and affiliates, 52 additional investments, funds and LPs, 75 events, 1 verified contact (1 firm phone)
Every relationship, signal and contact on this record, with the source on each.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
What matters now
- 3 companiesnew in 12 months
3 new companies in the last 12 months. Latest round K2 Space Series D or later ($500M round) on 30 Jul 2026.
A firm writing cheques this quarter is one a founder can pitch now.
People to know
View all people- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Executive Managing Director, Executive Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
- Managing PartnerWhy: Managing partner: runs the firmNo route on file yet
Relationship network
200 connected entities5 observed rounds3 dated rounds shown here, 2025 to 2026
From financing rounds and every investor named in them, Form ADV and Form D filings, the firm's funds and team, and disclosed LP commitments in the venture capital graph. A round's amount is the size of the round, not money that moved between two investors.
Some relationships on this record are counted rather than named here. They open with the full profile.
Click any name or line for the rounds and sources behind it. Line weight is rounds together; dashed lines are inferred.
- Sponsor
- Company
- Fund or vehicle
- Person
›How strength and recency are read
Co-investors are read from the rounds: three or more shared rounds is a strong observed relationship, two a repeat co-investor, one a single round. Funds and people are structural. Nothing is scored that a reader cannot check.
Darker lines were active in the last 24 months or are current; lighter lines are older or undated.
How am I connected?
Name your firm, a company or a person, and DFX finds the published routes to Sands Capital Ventures, LLC: a shared portfolio company or board, a prior employer, a co-investor, a shared LP or service provider. Every step is a filed or published record with its source; none is a guess about who knows whom.
See how you connect to Sands Capital Ventures, LLC
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Investing
5 companies on record, 3 new in 12 months
Investments on record
What these amounts mean“This investor” is the amount disclosed for this investor alone; it is unknown unless a source said it. The round size is the whole round.Acquired, Public, Exited and Active are what the firm’s own portfolio card says, read on the date shown when you hover the chip; they are not deal dates. A company with no chip is one whose card states no outcome: DFX does not assume it is active.| Company | Round | Role | Partner | Round size | This investor | Date | Source |
|---|---|---|---|---|---|---|---|
| K2 Space | Series D · Series D+ | participant | unknown | $500M | unknown | Jul 30, 2026 | Fact Press release |
| PolyAI | Funding round | participant | unknown | $86.0M | unknown | Dec 15, 2025 | Fact Press release |
| Elephas Biosciences Corp | Funding round | participant | unknown | $40.0M | unknown | Nov 6, 2025 | Fact Press release |
Stated thesis versus observed behaviour
- Sectors
- ai, climate, hardware, robotics, defense, cybersecurity, edtech, industrial
- Stages
- growth, multi stage
- Geography
- africa, australia, canada, france, germany, global, globally, india
- Check size
- not stated; DFX does not estimate checks from round sizes
Team
124 current, 9 departed
Decision makers
- Barron B. Martin Jr. · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Ian W Ratcliffe · Executive Managing Director, Executive Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
- Michael Graninger · Managing PartnerWhy this person: Managing partner: runs the firm; Named with investment responsibility
Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.
Investment team
How the team is orderedPartners who lead rounds first (rounds led, then deals attributed, then seniority), then the rest of the investment team, then investor relations, finance and operations. A person named by two sources under two spellings is shown once.- Managing Partner · 1 deal attributed
- Managing Partner
- Executive Managing Director, Executive Managing Partner
6 departed (kept with end dates)
- Charles M Preston · Trustee · Mar 1, 2017 to Mar 27, 2024 Inference
- John Thomas Elmes · Trustee · Dec 1, 2021 to Feb 10, 2022 Inference
- Marjorie Root Sands · Trustee · Aug 1, 2003 to Aug 20, 2015 Inference
Contacts
1 firm phone on record, each with its source. Values open with the complete profile.
Funds and LPs
35 vehicles, 0 LPs disclosed
Funds and vehicles
What these amounts meanGAV is the gross asset value the adviser reported on Form ADV for the vehicle, never the fund’s committed size and never dry powder. Form D sold is the amount sold as of the latest filing, never a final close.| Vehicle | Type | Vintage | Lifecycle | Reported GAV | Owners | Form D sold | Latest Form D |
|---|---|---|---|---|---|---|---|
| Sands Capital Global Innovation Fund Ii-X, L.P. | Fund · ADV: Private Equity Fund | 2024 adv first reported | Early deployment | $62.5M Jul 28, 2026 | 265 | unknown | unknown |
| Sands Capital Life Sciences Pulse Fund III, L.P. | Fund · ADV: Private Equity Fund | 2024 adv first reported | Early deployment | $54.9M Jul 28, 2026 | 165 | unknown | unknown |
| Sands Capital Global Venture Fund Iii-Sfr, L.P. | Fund | 2024 adv first reported | Early deployment | $30.6M Jul 28, 2026 | 98 | unknown | unknown |
Limited partners
Known LPs and allocators
What these amounts and dates areEach commitment is counted once across the pension tape and the allocator graph. A commitment date prints only when the source printed one; otherwise the row carries the report date. A foundation’s 990-PF line is a holding at fair value, never a commitment. Rows without a fund on the venture graph are commitments to this manager.| Allocator | Type | Fund | Amount | Date | Source |
|---|---|---|---|---|---|
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | Sands Capital Global Venture Fund III, L.P. | $2.2M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
| Richard King Mellon Foundation Dtd 01-01-47 | FOUNDATION | Sands Capital Global Venture Fund II, L.P. | $3.9M fair value on the foundation's return | reported as of Dec 31, 2024 | Fact IRS Form 990 / 990-PF e-file returns |
Relationships across DFX
19 co-investors · on 4 other DFX graphs
Co-investors
- 2026-07-301 shared deal · one time
- 2026-07-301 shared deal · one time
- 2026-07-301 shared deal · one time
Across DFX and the capital chainon 4 other DFX graphs · 1 capital path ShowHide
- Sponsor-market profile (matched by same CRD)
- The same institution is held on Private Equity, RIA and Wealth, Allocators, Independent Sponsors, matched by identifier. See which records
Sands Capital Ventures, LLC is the same institution as 4 records in Private Equity, RIA and Wealth, Allocators and Independent Sponsors.
DFX found 4 relationships across 4 datasets
Which record it is in each graph, what it is called there, and how the two were matched.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Checking your plan…
Sands Capital Ventures, LLC sits on 1 traced path of capital across the graphs.
DFX traced 1 path of capital through this record
Every record on each path, what it committed or lent, and as of when.
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.
Checking your plan…
Evidence and history
80 dated events, 89 observations from 3 sources
Timeline
- Jul 28, 2026Sands Capital Global Innovation Fund III, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Private Equity Fund), GAV $164,949,640
- Jul 28, 2026Sands Capital Global Innovation Fund Iii-X, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Private Equity Fund), GAV $163,208,772Fund first reported on Form ADVFundsInferenceSands Capital Global Innovation Fund Iii-X, L.P.Form ADV
- Jul 28, 2026Sands Capital Global Innovation Fund Ii-Fg, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Private Equity Fund), GAV $6,984,267Fund first reported on Form ADVFundsInferenceSands Capital Global Innovation Fund Ii-Fg, L.P.Form ADV
- Jul 28, 2026Sands Capital Global Innovation Fund Iii-2, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Private Equity Fund), GAV $556,418,613Fund first reported on Form ADVFundsInferenceSands Capital Global Innovation Fund Iii-2, L.P.Form ADV
- Jul 28, 2026Sands Capital Global Venture Fund Ii-Slx, L.P. first reported on Form ADV by Sands Capital Ventures, LLC (Venture Capital Fund)
Identity and regulatory footprint
Address, phone, Form ADV filing and ownersForm ADV filed Jul 28, 2026 · 34 private fundsShowHide
- Headquarters
- Arlington, VAadviserinfo.sec.gov
- Office address
- unknownadviserinfo.sec.gov
- Business phone
- unknownadviserinfo.sec.gov
- Website
- sandscapital.com
- SEC adviser type
- Registered investment adviseradviserinfo.sec.gov
- SEC exemption claimed
- unknown
- Latest Form ADV
- Jul 28, 2026
- Private funds reported
- 34 (11 venture capital funds)adviserinfo.sec.gov
- Private fund gross assets, adviser total
- $3.7Badviserinfo.sec.govreported GAV of the funds, the adviser's own number; not fund size, not dry powder
- Regulatory AUM
- $5.4Bthe adviser's RAUM, a regulatory measure, never a fund size
- Employees
- 182
- Owners on Schedule A
- X67fseni Trust (Member), owns 50% to 75%; 2017 Eagle Holdings LLC (Member), owns 75% or more; South Dakota Trust Company (Trustee)
Classification history
Classification history
Every classification this record has carried3 on recordShowHide
- Sep 23, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $3.7B
- Sep 15, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.7B
- Sep 12, 2026Multi-stage venture firm (probable, 80%)Both early and growth/opportunity families, reported GAV $1.5B
Evidence
Every observation behind this profile, with its source, date and class
| Fact | Value | Effective | Class | Source |
|---|---|---|---|---|
| Why admitted | VC funds reported | Jul 28, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jul 28, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Jul 28, 2026 | Fact | Form ADV |
| SEC adviser type | Registered investment adviser | Oct 11, 2024 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Jul 28, 2026 | Fact | Form ADV |
| First Form ADV filing | 2012-03-29 | Oct 11, 2024 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-30 | Oct 1, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-29 | Sep 30, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-25 | Sep 26, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-23 | Sep 24, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-21 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1+panel:2026-09-22 | Sep 23, 2026 | Fact | Form ADV |
| Adv history loaded | adv-hist-1 | Sep 12, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-28 | Jul 28, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2026-07-28 | Jul 28, 2026 | Fact | Form ADV |
| Latest Form ADV filing | 2024-10-11 | Oct 11, 2024 | Fact | Form ADV |
| SEC status | Approved | Jul 28, 2026 | Fact | Form ADV |
| SEC status effective | 2011-05-20 | Jul 28, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Jul 28, 2026 | Fact | Form ADV |
| Venture share of reported funds | 1 | Oct 11, 2024 | Fact | Form ADV |
| Business phone | Jul 28, 2026 | Fact | Form ADV | |
| Business phone | Oct 11, 2024 | Fact | Form ADV | |
| Contact page url | Sep 30, 2026 | Fact | ||
| Contact page url | Sep 16, 2026 | Fact | ||
| Description | Sep 30, 2026 | Fact | ||
| Description | Sep 16, 2026 | Fact | ||
| Description | Sep 12, 2026 | Fact | ||
| Employees | 182 | Jul 28, 2026 | Fact | Form ADV |
| Employees | 181 | Oct 11, 2024 | Fact | Form ADV |
| Headquarters | Arlington, VA | Jul 28, 2026 | Fact | Form ADV |
| Headquarters | Arlington, VA | Oct 11, 2024 | Fact | Form ADV |
| Office address | Jul 28, 2026 | Fact | Form ADV | |
| Office address | Oct 11, 2024 | Fact | Form ADV | |
| Legal form | Limited Liability Company | Jul 28, 2026 | Fact | Form ADV |
| PE funds reported | 23 | Jul 28, 2026 | Fact | Form ADV |
| Private funds reported | 34 | Jul 28, 2026 | Fact | Form ADV |
| Private funds reported | 34 | Jul 28, 2026 | Fact | Form ADV |
| Private funds reported | 26 | Oct 11, 2024 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.7B | Jul 28, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $3.7B | Jul 28, 2026 | Fact | Form ADV |
| Private fund gross assets (reported) | $1.7B | Oct 11, 2024 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $5.4B | Jul 28, 2026 | Fact | Form ADV |
| Regulatory AUM (adviser, not fund size) | $2.9B | Oct 11, 2024 | Fact | Form ADV |
| Schedule a diff | sadiff-1 | Sep 29, 2026 | Fact | Form ADV |
| Stated geography | Africa, australia, canada, france, germany, global, globally, india “geography words on the home page” | Sep 30, 2026 | Fact | |
| Stated geography | Africa, australia, canada, france, germany, global, globally, india “geography words on the home page” | Sep 16, 2026 | Fact | |
| Stated geography | Africa, australia, canada, france, germany, global, globally, india “geography words on the home page” | Sep 12, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, defense, cybersecurity, edtech, industrial “sector words on the home page” | Sep 30, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, defense, cybersecurity, edtech, industrial “sector words on the home page” | Sep 16, 2026 | Fact | |
| Stated sectors | AI, climate, hardware, robotics, defense, cybersecurity, edtech, industrial “sector words on the home page” | Sep 12, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 30, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 16, 2026 | Fact | |
| Stated stages | Growth, multi stage “stage words on the home page” | Sep 12, 2026 | Fact | |
| Team page | Sep 30, 2026 | Fact | ||
| Team page | Sep 16, 2026 | Fact | ||
| Team page | Sep 12, 2026 | Fact | ||
| Venture funds reported | 11 | Jul 28, 2026 | Fact | Form ADV |
| Venture funds reported | 11 | Jul 28, 2026 | Fact | Form ADV |
| Venture funds reported | 9 | Oct 11, 2024 | Fact | Form ADV |
| Website | Jul 28, 2026 | Fact | Form ADV | |
| Website | Oct 11, 2024 | Fact | Form ADV | |
| Site title | Sep 30, 2026 | Fact | ||
| Site title | Sep 16, 2026 | Fact | ||
| Site title | Sep 12, 2026 | Fact |
How this is scored
Scores, classification basis and filing advisersMulti-stage venture firm, probableShowHide
Both early and growth/opportunity families, reported GAV $3.7B
- importance
- gav: 0.78 · funds: 1 · people: 1 · investments: 0.26 · co investors: 0.52
- active deployment
- investments 12m: 0.38 · fund raising 18m: 0 · people joined 12m: 0 · vintage within 3y: 1 · latest investment at: 2026-07-30
- emerging manager
- fund count: 53 · reported gav: $3.7B · first adv filing: 2012-03-29 · years since first filing: 14.5
Fits, record history and connections
scored matches for this investor, every identity change, every edge
Fits
- score 35.4confidence 90%Why: stage fit; activity; cap table
- score 35.4confidence 100%Why: sector fit; geography fit; activity; analogousWatch: adjacent portfolio
- score 30.4confidence 80%Why: stage fit; activity
+1 more scored match
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
Scored by DFX match engines from the record's observed portfolio, stage, geography and recent activity. A fit is a reason to look, not a mandate; the blockers say what the model could not confirm. Names and the evidence sentences show with the names on this page.
Record history
- Merged in2026-09-14
- Adviser's first ADV filing2012-03-29source on record
The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.