Sands Capital Ventures LLC
05/29/2025 | Press release | Archived content
Brightflag, a Sands Capital Global Ventures Portfolio Company, Acquired by Wolters Kluwer
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Sands Capital Announces Successful Global Ventures Exit Following Brightflag Acquisition
Brightflag, backed since Series A by Sands Capital, was acquired by Wolters Kluwer for €425M.
May 29, 2025
The $480 million deal marks a successful exit and partnership for Sands Capital and Brightflag.
Sands Capital is proud to announce that Brightflag, an AI-powered legal operations platform and a Global Ventures portfolio company, has been acquired by global information services leader Wolters Kluwer in a $480 million transaction.
The acquisition strengthens Wolters Kluwer's presence among midsized corporations in the United States and Europe and supports both companies' visions for using advanced technology to enhance legal operations.
Sands Capital first invested in Brightflag in 2019, leading its Series A funding round to help scale the company into a global leader in legal technology. The firm deepened its support in 2020, investing further to expand Brightflag's international footprint and accelerate product innovation.
"Since Brightflag's inception in 2014, the team has been redefining the future of legal solutions with innovative AI-powered technology," said Michael Graninger, managing partner at Sands Capital. "We're proud to have partnered with them over the past six years and to have played a role in supporting their exceptional growth. We look forward to seeing the continued impact they will have on the evolving legal industry through their partnership with Wolters Kluwer."
Led by Sands Capital's Global Ventures team-which partners with entrepreneurs building transformative early-stage technology businesses-Brightflag exemplifies the kind of market leader the team seeks to support. The company now joins a growing list of notable portfolio exits, including Agilis, Anaplan, ModMed, and DocuSign.
Read about the Successful Global Ventures Exit Following Brightflag Acquisition.
Disclosures:
Wolters Kluwer is held in at least one Sands Capital strategy.
The Global Ventures investment strategy is managed by Sands Capital Alternatives, LLC and is only available to qualified investors.
The activities of the Global Ventures Strategy Team, including investment due diligence and sourcing, may be supported on an ad hoc basis by various members of the broader global research team of Sands Capital Management, as well as members of the Alternatives Team of Sands Capital Alternatives.
This document does not constitute or form part of an offer to sell or issue, or a solicitation of an offer to purchase or subscribe for, any securities. It is not intended to form the basis of any investment decision and is being made available by or on behalf of Sands Capital Ventures for informational and discussion purposes only.
Certain information contained in this document constitutes "forward-looking statements." These statements can be identified by the use of forward-looking terms such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe" or the negatives thereof or other variations thereon or comparable terms. Due to various risks and uncertainties, actual events or results or the actual performance of a fund are likely to differ (and may differ materially) from the events, results or performance contemplated by such forward-looking statements.
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Announcements
Sands Capital Releases 2025 Stewardship Report
Stewardship today requires navigating a more interconnected landscape. In our 2025 stewardship report, we illustrate how our stewardship practices, outcomes, and key initiatives relate to shaping long-term business outcomes.
In The News
Sands Capital Announces Successful Global Ventures Exit Following Brightflag Acquisition
Brightflag, backed since Series A by Sands Capital, was acquired by Wolters Kluwer for €425M.
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Sands Capital Ventures LLC published this content on May 29, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on May 27, 2026 at 05:11 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]