Global Innovation

Our Global Innovation strategy seeks to invest in leading mid to late- stage technology and technology-enabled businesses with the potential to become large public companies.

We strive to be the partner of choice
for the next iconic public companies

We aim to work with companies that are taking on massive markets and have the ambition to become large public businesses. Our strategy is to invest in a concentrated, hands-on manner because we believe that excellence requires focus, domain expertise, and a long-term orientation. The Global Innovation strategy is led by a small and nimble team that works closely with entrepreneurs to bring all of broader Sands Capital’s resources to bear for our portfolio companies.

Our Investment Focus

Geography

Targeting major innovation hubs around the globe ex-China

Stage

Mid to late-stage technology
and technology-enabled businesses

Pie Chart

Investment Size

$50M to $100M
total investment size
per company*

We partner with ambitious teams in technology markets that matter

Our experience investing in secular growth markets across public & private companies helps us identify important markets and seek transformative companies.

Driving the transition to a cloud-based and digitally connected economy.

Powering analytics and automations within enterprises.

Leveraging the internet to create new and unique consumer experiences.

Transforming how we buy, sell, pay and invest.

Partners for Long-term Growth

Our team is dedicated to cultivating deep, enduring partnerships with entrepreneurs and helping them grow their businesses.

Status: Active
Category: Technology
Partner Since: September 2020
Byju's
1598922060

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datarobot logo title black blue
Status: Active
Category: Technology
Partner Since: July 2019
DataRobot
1561942860
datarobot logo title black blue

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Doordash red logo title
Status: Active
Category: Technology
Partner Since: May 2019
DoorDash
1556672460
Doordash red logo title

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Status: Active
Category: Technology
Partner Since: January 2020
Globalization Partners
1577840460

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Gusto logo
Status: Active
Category: Technology
Partner Since: July 2021
Gusto
1625101260
Gusto logo

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Jumpcloud logo
Status: Active
Category: Technology
Partner Since: September 2021
JumpCloud
1630458060
Jumpcloud logo

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Status: Active
Category: Technology
Partner Since: May 2021
Klaviyo
1619830901

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Lyra logo
Status: Active
Category: Technology
Partner Since: June 2021
Lyra Health
1622542380
Lyra logo

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Nu logo
Status: Active
Category: Technology
Partner Since: June 2021
Nubank
1622542380
Nu logo

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Status: Active
Category: global-innovation
Partner Since: March 2023
OneTrust
1677686400

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Outreach logo title purple
Status: Active
Category: Technology
Partner Since: June 2020
Outreach
1590988380
Outreach logo title purple

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Status: Active
Category: Technology
Partner Since: May 2020
Samsara
1588311300

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Snowflake blue logo title
Status: Active
Category: Technology
Partner Since: March 2020
Snowflake
1583041500
Snowflake blue logo title

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snyk logo with dog and black title
Status: Active
Category: Technology
Partner Since: March 2021
Snyk
1614577560
snyk logo with dog and black title

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stock x green logo black title
Status: Active
Category: Technology
Partner Since: December 2020
StockX
1606802160
stock x green logo black title

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Ui path tilte pragne red
Status: Active
Category: Technology
Partner Since: April 2019
UiPath
1554098940
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A Bold Mission Requires a Strong Team

Two man standing and posing for the picture
a man in dark hair with a beard, wearing a black jacket and white shirt smiles at the camera

Michael Clarke

Managing Partner

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Kumar Gautam

Partner

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Barron Martin Jr., CFA

Managing Partner

Marina Serenbetz

Partner

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Emerson Bluhm, CFA

Portfolio Manager
Sr. Research Analyst

a man with brown hair in a black jacket and a light blue shirt smiles at the camera

Jason Harden, CFA

Sr. Research Analyst

Phoebe J. Cooke

Executive Assistant

Tye Merlo

Tye Merlo

Director of Compliance, Associate Counsel

Related Thinking

Investment Strategy
Enabling the Data-driven Enterprise
While there is a long road ahead before data-driven decision-making becomes common across organizations, we believe businesses that enable this data stack will be an important area for venture capital investment in the years to come.
Investment Strategy
Banking on Emerging Markets
Throughout emerging markets, advances in technology are enabling the creation of digital banking solutions that better address evolving consumer preferences and enable billions of the unbanked to access the financial system.

Disclosures:

Investment in a fund involves significant risk.  The Global Innovation strategy is concentrated in a limited number of emerging technology and technology-enabled companies. Some of the risks impacting the strategy include technology-related risks, such as dependence on patents, cybersecurity risk, cryptocurrency risk, risks associated with investing in India and China and special risks, such as products or services not proving commercially successful or quickly becoming obsolete.  No assurance can be given that a fund’s investment objectives will be achieved. An investment is only suitable for sophisticated investors for whom an investment does not constitute a complete investment program, who have experience with similar types of investments, and who understand, are willing to assume, and have the financial resources necessary to withstand the significant risks involved in the investment, including the potential for a complete loss of capital. An investment strategy focused primarily on privately held companies presents certain challenges and involves incremental risks as opposed to investments in public companies, such as dealing with the lack of available information about these companies as well as their general lack of liquidity. Private equity funds often hold illiquid investments and their performance may be volatile. There also can be no assurance that companies will list their securities on a securities exchange; as such, the lack of an established, liquid secondary market for some investments may have an adverse effect on the market value of those investments and on an investor’s ability to dispose of them at a favorable time or price. Please review the risks outlined in the Private Placement Memorandum prior to investing.

As of October 1, 2021, the firm was redefined to be the combination of Sands Capital Management, LLC and Sands Capital Ventures, LLC. The two investment advisers are combined to be one firm and are doing business as Sands Capital. Sands Capital operates as a distinct business organization, retains discretion over the assets between the two registered investment advisers, and has autonomy over the total investment decision-making process.

Company logos and website images are used for illustrative purposes only and were obtained directly from the company websites. Company logos and website images are trademarks or registered trademarks of their respective owners.

*Participation in individual financing rounds ranges from $10 million to $150 million.

AUM includes the discretionary and non-discretionary assets of Sands Capital Management, LLC as of 3/31/2023, and the gross assets of all funds (not including uncalled capital) for Sands Capital Ventures, LLC. Figures for Sands Capital Ventures, LLC are updated 45-60 days after quarter-end.