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At a glance
Sands Capital appears in 3 funding rounds tracked by ValueAddVC since 2024, leading 2. Its most recent tracked deal was Ramp's $1.85B round (Oct 15, 2026). It co-invests most often with Founders Fund. ValueAddVC also tracks 1 fund managed by Sands Capital.
Strategy
Recent changes
- Oct 15, 2026Oct 15, 2026Invested in Ramp (primary financing, $1.85B) Morningstar
- Sep 5, 2026Sep 5, 2026Stages updated: Seed, Growth, Late Stage sandscapital.com
- Sep 5, 2026Sep 5, 2026Sectors updated: Life Sciences, Technology, Healthcare sandscapital.com
- Jul 28, 2026Jul 28, 2026New fund: Sands Capital Venture Fund IV SEC EDGAR Form D
- Jun 22, 2026Jun 22, 2026Invested in Baseten (Series F, $1.5B) Baseten
Earlier changes (1)
- Aug 7, 2024Aug 7, 2024Invested in Anduril Industries (Series F, $1.5B) GovConWire
Funds
1| Fund | Vintage | Size | Strategy | Source |
|---|---|---|---|---|
| Sands Capital Venture Fund IV | 2026 | — | Venture | As of Jul 28, 2026SEC EDGAR Form D |
Portfolio
3 totalRecent Investment Activity
3Track record: led 2 and participated in 1 of 3 tracked venture rounds · 2 in the last 12 months · led 2 Series F
Sector / Stage Activity
Co-Investors
12Similar Firms
overlapping sector, stage or regionValue Add Research
- AI & Technology · Oct 16, 2026Anduril Valuation 2026: $90B Tender, Reported $100B Talks
- Company Deep Dive · Oct 12, 2026Baseten Deep Dive: $13B Valuation, $600M ARR, and Talks at $26B
- Market & Trends · Oct 1, 2026How Does Rippling Make Money: PEPM Pricing, PEO Margins
- Market & Trends · Aug 27, 2026Base Power Valuation 2026: $13B After a $1B Series D in 10 Months
- VC & Investing · Jul 31, 2026$500M at $6.8B — K2 Space Bigger Satellites
- AI & Technology · Jul 23, 2026How Does Baseten Make Money: GPU-Minute Pricing, $600M ARR
Latest Pulse
- Oct 15, 2026Ramp Hits $60B Valuation | Revenue Tops $2B AnnualizedRamp raised a $1.85 billion primary round led by Dragoneer Investment Group, valuing the corporate card and spend-management startup at $60 billion as its annualized revenue passed $2 billion.→
- Sep 25, 2026Figma Exec Joins AI Inference Startup BasetenA senior Figma executive is joining AI inference startup Baseten, another sign that operating talent is flowing from the application layer toward the AI infrastructure layer.→
- Aug 3, 2026Base Power Raises $1B, Launches Home BatteryBase Power raised $1B at a $13B valuation and launched Base Core, a 39.2 kWh home battery built in Austin -- a bet that AI-driven grid strain shows up first at the household level.→
- Jun 26, 2026Baseten Raises $1.5B Series F at a $13B Valuation as AI Inference Demand ExplodesAI inference provider Baseten closed a $1.5 billion Series F at a $13 billion valuation, the largest funding round of the week, led by Altimeter Capital and Conviction Partners with Spark, Sands and Wellington participating. The raise underscores how serving AI models -- not just training them -- has become one of the most valuable and capital-intensive layers of the stack.→
- Jun 18, 2026Baseten 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.→
Sands Capital FAQ
What companies has Sands Capital invested in?
Sands Capital's portfolio includes Ramp, Anduril Industries, Baseten.
Who does Sands Capital co-invest with most?
In the rounds Value Add tracks, Sands Capital most often invests alongside D. E. Shaw Ventures (3 shared deals), 8VC (2 shared deals), BoxGroup (2 shared deals), Coatue Management (2 shared deals), Contrary Capital (2 shared deals).
Sources & methodologyshow
- SEC EDGAR Form Dprimary source1 fact
- Basetenresearch database1 fact
- Morningstarresearch database1 fact
- GovConWireValue Add VC data1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.