Sands Capital is a growth equity firm based in Arlington, Virginia, founded in 1992. The firm focuses on long-term investments in innovative growth businesses across various sectors, including healthcare, technology, and consumer products. Sands Capital operates through two affiliates: Sands Capital Management, which invests in public market companies, and Sands Capital Ventures, which targets private market investments. The firm's investment strategy emphasizes rigorous fundamental analysis combined with creative thinking to identify companies that are shaping the future. By enabling clients to engage with these growth opportunities, Sands Capital aims to enhance wealth prudently over time.
1000 Wilson Blvd. Suite 3000 Arlington, VA 22209, USA
Cecil Y. Ang
Research Associate
Matthew Buckley
Senior Research Associate
Brian Christiansen
Executive Managing Director, Senior Portfolio Manager and Research Analyst
Christopher Eng
Principal
Scott Frederick
Managing Director
Kumar Gautam
Partner
Michael J. Ginder
Partner
Michael Graninger
Managing Partner
Michael Graninger
Partner
Nicholas Graziano
Principal, Portfolio Services
Barron B. Martin, Jr.
Senior Research Associate
Annie McCormick
Director, Client Service
Mark McGovern
Venture Partner
Jake Merrill, CFA
Principal
Ian Ratcliffe
Managing Partner
Gene Riechers
Venture Partner
Frank M. Sands, Jr.
CEO, CIO
Marina Serenbetz
Partner
Shreya Singh
Associate
Erin Soule
Director of Finance and Operations
Christy Steele
Principal
Past deals in Series E
Beta Bionics
Series E in 2024
Beta Bionics is a biotechnology company focused on developing an integrated bionic pancreas system known as the iLet. This innovative device aims to alleviate the challenges and costs associated with diabetes care by providing a dual-chamber infusion pump that delivers insulin and glucagon with precision. The iLet autonomously calculates and administers the necessary doses, enabling patients to effectively manage their blood sugar levels. The system has received breakthrough designation for all its configurations, including insulin-only, glucagon-only, and bihormonal options, and is compatible with Zealand Pharma’s dasiglucagon, a glucagon analogue known for its stability in a ready-to-use aqueous solution. Through this technology, Beta Bionics seeks to improve the quality of life for individuals living with diabetes.
Freenome
Series E in 2024
Freenome, Inc. is a biotechnology company based in South San Francisco, California, founded in 2014. It specializes in developing artificial intelligence-driven genomic solutions for the early detection of cancer. The company focuses on creating simple, non-invasive blood tests that can identify early-stage cancer and assist in treatment selection, thus enabling proactive disease management. Freenome’s multi-omics platform employs proprietary algorithms to enhance disease screening processes, aiming to facilitate timely interventions and improve treatment effectiveness. In addition to its diagnostic products, Freenome also offers clinical research services to support its mission of transforming cancer management through systematic early detection.
Gusto
Series E in 2021
Gusto is a software-as-a-service (SaaS) company focused on Human Capital Management (HCM). It offers a comprehensive, cloud-based platform that provides a range of HR and payroll services designed for small businesses. Key features of Gusto’s platform include payroll processing, benefits administration, time and attendance tracking, and employee onboarding. Additionally, it supports the management of employee benefits such as health, dental, and vision insurance. By streamlining these essential functions, Gusto aims to simplify the complexities of human resource management, enabling businesses to effectively meet their employees' needs.
Blackbuck
Series E in 2021
Blackbuck, founded in 2015, is a leading online platform in India that connects shippers with truck operators, transforming the logistics landscape through technology. The company focuses on streamlining the trucking process by facilitating load bookings, offering price discovery, route optimization, and in-transit tracking. This comprehensive approach not only enhances operational efficiency for shippers and truckers but also supports the livelihoods of many individuals within the transportation ecosystem. Blackbuck's commitment to reliability and efficiency has positioned it as the largest trucking network in India, backed by a strong team and notable investors. The company has received multiple accolades, including the 'Young Turks Startup of the Year' award and recognition as 'Company of the Year - Logistics' in 2018. Additionally, Blackbuck's innovative business model has been featured in a Harvard Business School case study.
Snyk
Series E in 2021
Snyk Ltd. is a software as a service company that provides a platform for identifying, fixing, and monitoring vulnerabilities in applications. Founded in 2015 and headquartered in London, with additional offices in Tel Aviv, Boston, and Ontario, Snyk offers a range of solutions tailored for developers and security teams. Its key products include Snyk Code, a developer-first static application security testing tool, and container vulnerability management for securing Docker images. The platform also supports application security management, licensing compliance, and infrastructure as code security, ensuring that all components of modern applications are secure. Snyk’s Developer Security Platform integrates seamlessly into developers' workflows, promoting collaboration between development and security teams. The company serves over 1,200 customers globally, including notable organizations like Google and Salesforce, and has formed a strategic partnership with Rapid7. Snyk is recognized for its contributions to enhancing application security in an increasingly digital landscape.
StockX
Series E in 2020
StockX LLC operates an online marketplace that facilitates the buying and selling of limited edition and high-demand sneakers. Founded in March 2015 and headquartered in Detroit, Michigan, StockX provides a platform that mimics a stock market environment, allowing users to engage in anonymous transactions with stock market-like visibility. The marketplace offers features such as historical price and volume metrics, real-time bids and offers, and time-stamped trades. Users can create personalized sneaker portfolios by uploading their current collections, enabling them to compare and contrast their sneakers with those of other users. This structure empowers consumers to assess the value of their products while ensuring sellers receive fair deals through transparent market analysis and insights.
Scopely
Series E in 2020
Scopely, Inc. is an interactive entertainment and video game company based in Culver City, California, founded in 2011. It specializes in developing and publishing mobile and tablet games for both casual and core gamers globally. Scopely is known for its popular franchises, such as "Star Trek™ Fleet Command," "MARVEL Strike Force," "Stumble Guys," and "Yahtzee With Buddies." The company utilizes its proprietary technology platform, Playgami™, to create immersive gaming experiences, with a focus on player engagement and long-lasting enjoyment. Scopely also offers a range of services including game design, live operations, marketing, and analytics, supporting a diversified portfolio within the mobile gaming industry. With operations in various international markets, including Asia-Pacific, EMEA, and North America, Scopely has established itself as a significant player in the interactive entertainment sector.
DataRobot
Series E in 2019
DataRobot, Inc. develops an automated machine learning platform that empowers enterprises to create predictive models efficiently. Its offerings include DataRobot Cloud, a predictive analytics solution available both in the cloud and on-premises, and DataRobot MLOps, which facilitates the deployment, monitoring, and management of machine learning models across organizations. The company also provides DataRobot Enterprise, featuring flexible deployment options, governance, and training services, along with packages designed to accelerate artificial intelligence projects. DataRobot serves a diverse range of industries, including banking, healthcare, manufacturing, and marketing, catering to business analysts, data scientists, and IT professionals. Founded in 2012 and headquartered in Boston, Massachusetts, DataRobot has expanded its operations globally, with offices in major cities such as London, Paris, and Tokyo, and maintains strategic partnerships to enhance its offerings.
908 Devices
Series E in 2019
908 Devices Inc. is a Boston-based company that specializes in the development and sale of handheld and desktop measurement devices for chemical and biochemical analysis. Founded in 2012, the company leverages mass spectrometry technology to create portable tools designed for immediate application in various fields, including life sciences research, bioprocessing, industrial biotechnology, and forensics. Its product lineup includes the MX908, a battery-powered, handheld mass spectrometry device capable of rapid analysis of unknown gas, liquid, and solid materials; the Rebel, a desktop analyzer offering real-time data on bioprocess environments; and the ZipChip, a high-resolution separation platform that enhances mass spectrometry sample analysis. 908 Devices aims to provide reliable and actionable insights in challenging environments, meeting the needs of professionals who require efficient solutions for complex analytical tasks.
BigBasket
Series E in 2018
BigBasket is an online food and grocery delivery service that caters to personal and household needs by delivering products directly to customers' doorsteps. The platform allows users to easily browse a wide range of items, select their desired products, and schedule deliveries at their convenience. BigBasket prioritizes quality by handpicking each product and ensuring it goes through a safety packaging process before reaching the customer. This approach aims to provide a hassle-free shopping experience, making grocery shopping more efficient and leisurely for users.
BigBasket
Series E in 2017
BigBasket is an online food and grocery delivery service that caters to personal and household needs by delivering products directly to customers' doorsteps. The platform allows users to easily browse a wide range of items, select their desired products, and schedule deliveries at their convenience. BigBasket prioritizes quality by handpicking each product and ensuring it goes through a safety packaging process before reaching the customer. This approach aims to provide a hassle-free shopping experience, making grocery shopping more efficient and leisurely for users.
Avitide
Series E in 2017
Avitide, Inc. is a company that specializes in the discovery, manufacturing, and supply of molecule-specific affinity purification solutions tailored for the biopharmaceutical industry. Founded in 2012 and based in Lebanon, New Hampshire, Avitide focuses on enhancing the purification of therapeutic proteins through its innovative affinity separation technology. This technology helps clients streamline bioprocess development timelines, mitigate program risks, and lower manufacturing costs while ensuring scalability for commercial applications. The company develops customized solutions for a variety of life-saving therapeutics, including enzymes, multi-specific antibodies, gene therapies, and vaccines. By utilizing rapid development techniques for chromatography resins, Avitide aims to improve drug safety and establish bio-similarity in its offerings.
Anaplan
Series E in 2016
Anaplan, Inc. offers a cloud-based connected planning platform that enables organizations to unify disparate data structures across various business functions, including finance, sales, supply chain, marketing, human resources, and operations. Founded in 2008 and headquartered in San Francisco, Anaplan provides its services through a subscription model, allowing users to access its platform over the Internet. The company focuses on enhancing decision-making and collaboration within organizations by delivering business planning and performance management solutions from a single hub. In addition to its core platform, Anaplan offers professional services, including consulting, implementation, training, and planning transformation advisory services. With operations in multiple countries and a network of expert partners, Anaplan supports large and fast-growing organizations in streamlining their planning processes and making informed decisions.
Modernizing Medicine
Series E in 2015
ModMed is transforming healthcare by placing doctors and patients at the center of care through an intelligent, specialty-specific cloud platform. Their specialty-specific, data-driven, and cloud-based electronic health records (EHR) and practice management (PM) systems, plus revenue cycle management (RCM) services, were built by a team including specialty physicians and practice management professionals.
Funding Circle
Series E in 2015
Funding Circle Limited operates an online marketplace that connects small and medium-sized businesses seeking loans with individual and institutional investors. Founded in 2009 and based in London, the platform allows various lenders, including individuals, banks, local councils, and financial organizations, to provide unsecured and secured loans for various business needs, such as working capital, asset purchases, and property development. By facilitating direct lending, Funding Circle offers businesses fast access to financing while providing investors with the opportunity to earn attractive returns. The company serves a diverse range of industries, including software, retail, energy, healthcare, construction, e-commerce, and industrial sectors, aiming to foster growth, create jobs, and support local communities.
AppDynamics
Series E in 2014
AppDynamics offers an observability platform that enables businesses to monitor and optimize their digital performance in real time. The platform provides an integrated suite of tools that delivers insights into application, user, and business performance, allowing organizations to make informed decisions quickly. By focusing on user interactions, AppDynamics dynamically collects millions of performance data points across applications and infrastructure, identifying performance anomalies and enabling automatic fixes. This application intelligence not only enhances customer engagement but also improves overall operational efficiency. With flexible deployment options in both cloud and on-premise environments, AppDynamics equips businesses to navigate complex software ecosystems effectively and adaptively.
DocuSign
Series E in 2014
DocuSign, Inc. is a leading provider of cloud-based software that facilitates electronic signatures and automates agreement workflows for businesses and individuals. Founded in 2003 and headquartered in San Francisco, the company offers a comprehensive platform known as Agreement Cloud, which streamlines various aspects of documented transactions, including identity management, authentication, and data collection. DocuSign's solutions cater to a diverse range of sectors, including finance, healthcare, technology, and real estate, and serve small to large enterprises. Key offerings include DocuSign CLM for automating agreement processes, Intelligent Insights leveraging artificial intelligence for agreement analysis, and integrations with platforms like Salesforce. Additionally, the company provides tools for complex forms, digital payments, and electronic notarization. DocuSign operates globally, with offices in major cities such as London, Sydney, São Paulo, and Dublin, and offers training and support services to enhance user experience.
Complete Genomics
Series E in 2010
Complete Genomics specializes in high-quality, affordable DNA sequencing and analysis, facilitating large-scale research into the genetic mechanisms of drug responses and complex diseases. The company has developed a comprehensive genomics analysis platform that integrates proprietary human sequencing technology with advanced informatics and data management software. This approach ensures that customers receive ready-to-use data for genome-based research, supporting advancements in personalized medicine and broader genetic studies. By combining innovative technology with a unique market strategy, Complete Genomics aims to transform the landscape of DNA sequencing.
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