The first venture firm with access to 100M+ engaged consumers across the world.
Animal Capital converts creator and celebrity endorsements into equity — then puts that reach to work for its portfolio. Pre-seed to Series A, across consumer, fintech, health and media.
Endorsements, converted into equity.
Animal Capital was founded in 2021 by Marshall Sandman — ex-Goldman Sachs, and previously leading venture capital at WarnerMedia — together with creators Josh Richards, Griffin Johnson and Noah Beck. The origin story is now venture folklore: during COVID, with no fund yet raised, Sandman cold-DMed some 3,000 celebrities to test one idea — creators should own equity in what they promote, not just collect endorsement fees.
The result is a distribution moat no term sheet can copy: a network of creators and celebrities with 100M+ combined reach who work portfolio companies — closing deals, driving launches, promoting products. Five years in, the model reads institutional: top-1% IRR across both prior vintages and a 60–70% graduation rate from Seed to Series A/B.
“The fund will continue to target early-stage, primarily U.S.-based investments that leverage technology to make consumers’ lives better, more efficient, or more entertaining.”Fund III announcement · June 2026
- Stage
- Pre-seed → Series A
- Check size
- $100K – $1M
- Leads rounds
- No — we amplify them
- Focus
- Consumer · Fintech · Health & Wellness · Media · CPG
- Geography
- Primarily U.S.
- The edge
- Creator network, 100M+ combined reach, working every deal
The menagerie.
Fourteen named companies. Three decacorns and four unicorns — plus exits to Snap, Shopify, BIC and eBay.
Whatnot
Live-shopping marketplace — social commerce at decacorn scale, and reportedly one of the fund’s ~100x outcomes.
Colossal Biosciences
De-extinction and genetic engineering — bringing back the woolly mammoth.
Yes — that mammoth,from the lineup above
Whop
Marketplace for digital products and communities — creator commerce infrastructure.
Underdog
Fantasy sports and sports gaming — one of the fastest-growing names in the category.
Also in the portfolio
- Unrivaled Women’s 3×3 pro basketball
- Sundays For Dogs Fresh dog food, D2C
- Array Labs Satellite 3D mapping
- Wander Vacation rentals
- Somos
- Breakaway
Wall Street discipline. Creator distribution.
Investing team
-
Marshall SandmanManaging Partner
Ex-Goldman Sachs; led venture capital at WarnerMedia. Built the firm by cold-DMing ~3,000 celebrities during COVID.
-
Dylann SandsManaging Partner
Ex-Goldman Sachs investment banking; joined in 2022.
-
Michael GruenGeneral Partner
-
Sameep MangatChief of Staff
The distribution engine
-
Josh RichardsCo-founder · Advisor
-
Griffin JohnsonCo-founder · Advisor
-
Noah BeckCo-founder · Advisor
Together, the creator co-founders bring 100M+ combined following — instant distribution, working portfolio deals from launch to Series A.
“We want to be MVP’s in our category. We delivered significant value to our investors in a market cycle where creator funds have died out. We deliver the most value from pre-seed to Series A, and we’ll keep doing that just the way we always have.”
Marshall Sandman, Managing Partner — on the close of Fund III, June 2026For all investor, founder and press inquiries please contact info@animalcapital.com
Write to us