DFX Intelligence
Sandbox Clinical Ventures Fund, LP
As of · the latest observation of this vehicle; each figure below carries its own filing date
FundraisingActive offering evidenceADV: Venture Capital Fund
As of · the latest observation of this vehicle; each figure below carries its own filing date
1 additional principal, 1 additional placement agent
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
- $79.5Msold at the filing
Latest Form D filed on 15 Sep 2026: $79.5M sold of $100M offered, 17 investors. A Form D amount is what was sold at the filing, never a final close.
A new or amended Form D means the vehicle is taking money now.
- +31%reported GAV
Reported gross assets rose from $57.1M to $74.7M between the Form ADV filings of 29 Mar 2024 and 25 Mar 2026.
The fund's assets as the adviser swears them, never its size or dry powder.
Drawing the relationship network…
Amounts, each with its basis
- Vintage
- 2023basis: form d first sale
- Target
- unknownnot announced
- First close
- unknownnever inferred from a Form D
- Final close
- unknownonly from an announcement or an LP disclosure
- Announced size
- unknown
- Form D offering
- $100Mwhat may be sold, not what was raised; file 021-493481, sworn by the adviser or filed under this vehicle
- Form D sold
- $79.5Mas of the filing of Sep 15, 2026, 17 investors
- First sale
- Oct 3, 2023
- Reported GAV
- $74.7Mon the Form ADV filed Mar 25, 2026; the fund's assets, never its size or dry powder
- Owners (ADV)
- 21
- Reported on ADV
- Mar 29, 2024 to Mar 25, 2026
Fundraising evidenceWhat counts as raisingA Form D offering is permission to sell, not a fund in market; an amount sold is never a close; an evergreen offering amended every year is not a raise.
Active offering evidence
Form D filed or amended 2026-09-15: sold $79.5M of a stated $100.0M offering (fr-1)
evidence dated Sep 15, 2026.
LifecycleFundraising
Form D within 18 months and the offering is not sold out
first sale: Oct 3, 2023vintage year: 2023adv gav as of: Mar 25, 2026vintage basis: Form d first saleform d sold: $79.5Mform d offering: $100Mform d latest filed at: Sep 15, 2026
The fund's own reporting through time
2 Form ADV filings
| Filed | Type | Gross asset value | Owners | Min. investment | Adviser-owned | Audit | |
|---|---|---|---|---|---|---|---|
| Mar 29, 2024 | Venture Capital Fund | $57.1M | 9 | $200,000 | 2% | yes | |
| Mar 25, 2026 | Venture Capital Fund | $74.7M | 21 | $200,000 | 2% |
Principals and agents
4 principals on Form D, 0 placement agents
- Matthew Downs Executive Officer
- Sandbox Clinical Ventures, LLC Executive Officer
- Emir Sandhu Executive Officer
Service providers
4 named on Form ADV Schedule D and Form D
- AuditorPLANTE & MORAN, PLLC · CHICAGO, Illinois, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- AdministratorCarta · SAN FRANCISCO, California, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
- CustodianBANC OF CALIFORNIA · DURHAM, North Carolina, United StatesForm ADV filed Mar 25, 2026 reports.adviserinfo.sec.gov
Limited partners and their reported performanceWhose numbers these areEach row is the LP’s own number: its cash flows and its valuation policy as of its reporting date, not the fund’s. Net IRR is printed only when the LP prints one. The vintage is the LP’s definition (CalPERS: year of its first cash flow; WSIB: year of its initial investment).
0 public LP reports
No public LP has reported this vehicle. The LP tape is read from public pension disclosures (see Limited partners); a fund appears here only when an LP’s report names it.
Known LPs and allocatorsWhat these amounts and dates areA commitment date prints only when the source printed one; otherwise the row carries the date of the report that listed it. A foundation’s 990-PF line is a holding at fair value on its return, never a commitment.
0 relationships, public pensions and the allocator graph, each counted once
No allocator names this vehicle in a public disclosure DFX holds: pension reports, foundation 990-PF returns or endowment disclosures.
Investments attributed to this vehicle
0
No investment attributed to this vehicle. The firm’s investments sit on the firm; a fund gets one only when a source names the vehicle.
Timeline
4 events
- Sep 15, 2026Sandbox Clinical Ventures Fund, LP filed Form D/A: $79,500,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Feb 12, 2025Sandbox Clinical Ventures Fund, LP filed Form D/A: $72,000,000 sold of $100,000,000, Venture Capital FundForm D filed Fact Form D
- Mar 29, 2024Sandbox Clinical Ventures Fund, LP first reported on Form ADV by Sandbox Industries (Venture Capital Fund), GAV $57,142,857Fund first reported on Form ADV Fact Form ADV
- Sep 29, 2023Sandbox Clinical Ventures Fund, LP filed Form D: no sales yet of $100,000,000, Venture Capital FundForm D filed Fact Form D
Evidence
47 observations
Every observation on this vehicle
- Entity type: Limited Partnership Sep 15, 2026 Fact Form D
- Entity type: Limited Partnership Feb 12, 2025 Fact Form D
- Entity type: Limited Partnership Sep 29, 2023 Fact Form D
- Form D fund type: Venture Capital Fund Sep 15, 2026 Fact Form D
- Form D fund type: Venture Capital Fund Feb 12, 2025 Fact Form D
- Form D fund type: Venture Capital Fund Sep 29, 2023 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 15, 2026 Fact Form D
- Form D industry group: Pooled Investment Fund Feb 12, 2025 Fact Form D
- Form D industry group: Pooled Investment Fund Sep 29, 2023 Fact Form D
- Amendment: true Sep 15, 2026 Fact Form D
- Amendment: true Feb 12, 2025 Fact Form D
- Amendment: false Sep 29, 2023 Fact Form D
- Revenue range (Form D): Not Applicable Sep 15, 2026 Fact Form D
- Revenue range (Form D): Not Applicable Feb 12, 2025 Fact Form D
- Revenue range (Form D): Not Applicable Sep 29, 2023 Fact Form D
- Incorporated: withinFiveYears Sep 15, 2026 Fact Form D
- Incorporated: withinFiveYears Feb 12, 2025 Fact Form D
- Incorporated: withinFiveYears Sep 29, 2023 Fact Form D
- Jurisdiction: Delaware Sep 15, 2026 Fact Form D
- Jurisdiction: Delaware Feb 12, 2025 Fact Form D
- Jurisdiction: Delaware Sep 29, 2023 Fact Form D
- Amount sold (Form D): $79.5M Sep 15, 2026 Fact Form D
- Amount sold (Form D): $72.0M Feb 12, 2025 Fact Form D
- Amount sold (Form D): $0 Sep 29, 2023 Fact Form D
- Offering amount (Form D): $100M Sep 15, 2026 Fact Form D
- Offering amount (Form D): $100M Feb 12, 2025 Fact Form D
- Offering amount (Form D): $100M Sep 29, 2023 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 15, 2026 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Feb 12, 2025 Fact Form D
- Exemptions: 06b, 3C, 3C.7 Sep 29, 2023 Fact Form D
- First sale: 2023-10-03 Sep 15, 2026 Fact Form D
- First sale: 2023-10-03 Feb 12, 2025 Fact Form D
- Investors (Form D): 17 Sep 15, 2026 Fact Form D
- Investors (Form D): 10 Feb 12, 2025 Fact Form D
- Investors (Form D): 0 Sep 29, 2023 Fact Form D
- Minimum investment (Form D): 0 Sep 15, 2026 Fact Form D
- Minimum investment (Form D): 0 Feb 12, 2025 Fact Form D
- Minimum investment (Form D): 0 Sep 29, 2023 Fact Form D
- Securities offered: pooled Sep 15, 2026 Fact Form D
- Securities offered: pooled Feb 12, 2025 Fact Form D
- Securities offered: pooled Sep 29, 2023 Fact Form D
- Office address: Sep 15, 2026 Fact Form D
- Office address: Feb 12, 2025 Fact Form D
- Office address: Sep 29, 2023 Fact Form D
- Year of incorporation: 2023 Sep 15, 2026 Fact Form D
- Year of incorporation: 2023 Feb 12, 2025 Fact Form D
- Year of incorporation: 2023 Sep 29, 2023 Fact Form D
Relationships across DFX
on 1 other DFX graph
Across the graphs
Sandbox Clinical Ventures Fund, LP is the same institution as 1 record in RIA and Wealth.
RIA and Wealth1
The joined record opens with the product, beside every other relationship on this page.
Checking your plan…
Record history
4 dated events on the change ledger, latest event first
- Form D filed2026-09-15source on record
- Form D filed2025-02-12source on record
- Fund first reported on ADV2024-03-29source on record
+1 more change on this record's ledger
Includes 3 days of DFX Intelligence. Then $199/month unless canceled.
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.