Sands Capital

Growth Equity·Arlington VA, USA·$56B total firm AUM (Dec 2025); venture/growth equity participates $10m–$150m per round

Founded in 1992 and headquartered in Arlington, Virginia, Sands Capital is an independent staff-owned investment firm operating an integrated platform spanning venture capital, growth equity, and public equity. The firm manages $56B in client assets across institutions and fund sponsors in over 30 countries. Its venture and growth equity arm invests from Series A through to public listing with individual round participation of $10m to $150m. The venture portfolio has produced 11 unicorns, 15 IPOs, and 24 acquisitions, with notable investments including DoorDash, Slack, Samsara, and PolyAI. Sands Capital takes a long term, high conviction approach with deep domain expertise in technology and life sciences.

Focus Areas

AI/MLCybersecurityHealthcare TechnologyLife SciencesEnterprise SoftwareFintech

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Portfolio

1 company in our directory

Anduril

Hiring

Defence Tech·Series G

Anduril Industries is a defence technology company that builds autonomous systems and AI-powered platforms for national security applications. Founded in Irvine, California by Palmer Luckey (co-founder of Oculus VR) and former Palantir executives, Anduril takes a Silicon Valley approach to defence contracting, investing its own capital in R&D rather than relying on traditional cost-plus government contracts. Its core product, Lattice OS, is an open operating system that uses sensor fusion, computer vision, and machine learning to connect autonomous hardware across air, land, sea, and space domains. The company's portfolio includes autonomous drones (Ghost, Fury, Roadrunner), counter-UAS systems, and the Ghost Shark autonomous submarine. Anduril doubled its revenue to roughly $1 billion in 2024 and is building Arsenal-1, a major autonomous weapons manufacturing facility in Ohio.