Sapphire Ventures

This VC firm invests in innovative startups and technology-focused venture funds globally, providing capital, resources, and expertise to help scale companie...

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Updated: Jan 22, 2026 ·

About

Sapphire Ventures is a venture capital firm that partners with visionary teams and venture funds to build companies of consequence. For nearly two decades, Sapphire has been investing capital, resources, and expertise in innovative startups and technology-focused venture funds around the world. With more than $6.8B in Assets Under Management acrossSapphire Ventures, Sapphire Partners, and Sapphire Sport, and with team members in Austin, London, Palo Alto, and San Francisco, Sapphire is well-positioned to help scale companies and venture funds, elevating them to become global category leaders. The firm was founded in 1996, became an independent venture firm in 2011, and rebranded as Sapphire Ventures in 2014.

Financial History

Total Raised

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Valuation

N/A

Investments Made

Date	Company	Round	Lead Investor(s)	Co-Investor(s)
Feb 11, 2026	GitGuardian	$50.0M Series C	Insight Partners, Quadrille Capital	Balderton Capital, Bpifrance, Eurazeo, Fly Ventures
Feb 10, 2026	Bretton AI	$75.0M Series B	Sapphire Ventures	Canvas Prime, Greylock, Thomson Reuters Ventures, TIAA Ventures, Y Combinator
Sep 1, 2025	Exa	$85.0M Series B	—	Accel, Benchmark, Coatue, Cyberstarts VC, Greenoaks Capital, Lightspeed Venture Partners, Sequoia Capital, Mei Z., Sharin Fisher Dibrov
Sep 1, 2025	WeTravel	$92.0M Series C	—	Creative Ventures, Left Lane Capital, Race Capital, Swift Ventures, The House Fund, Victor Jacobsson
Aug 1, 2025	EliseAI	$250.0M Series E	—	Andreessen Horowitz, Cambrian Ventures, Golden Seeds, Innovation Endeavors, Luno Expeditions, Timespan Ventures, Tribe Capital, Alex Adelman, Anshu Sharma
Aug 1, 2025	Strand Therapeutics	$150.0M Series B	—	Decibel Partners, FPV Fund, Kinnevik, Mozilla Ventures, Northzone, Playground Global, RRE Ventures, Sands Capital, Tiger Global Management, Work-Bench
Aug 1, 2025	Blue J	$120.0M Series D	—	BDC Venture Capital, DCM, Karim Faris, Oak HC/FT, PruVen Capital, Sancus Ventures
Aug 1, 2025	Rain	$58.0M Series B	—	Acequia Capital, A'Z Angels, Cadenza Capital Management, NextView Ventures, Norwest Venture Partners, Paradigm, Picus Capital, QED Investors, sequel, SignalFire, The General Partnership, Apoorva Ruparel, Musaab Hakami, Russell Cook
Aug 1, 2025	Aurasell	$30.0M Seed	—	DGF Investimentos, General Catalyst, Latitud, Lead Edge Capital, monashees, Next47, Soma Capital, Y Combinator, Immad Akhund, Parker Treacy
Jul 1, 2025	Unmind	$35.0M Series C	—	Cornerstone VC, Felix Capital, Michael Whitfield
Jul 1, 2025	Aidoc	$110.0M Venture Round	—	Alpha Intelligence Capital, Bond, General Catalyst, Khosla Ventures, LGF, Square Peg Capital, TCV, TLV Partners, Transformation Capital, Danny Hadar, Uday Sandhu
Jul 1, 2025	Moonvalley	$84.0M Seed	—	Bond, Clear Ventures, Engineering Capital, General Catalyst, Khosla Ventures, LGF, Prosperity7 Ventures, Third Rock Ventures, Transformation Capital
Jun 1, 2025	Spekter Games	$5.0M Seed	—	Alumni Ventures, Costanoa Ventures, Matchstick Ventures
Jun 1, 2025	Clay	$100.0M Series C	—	Alt Capital, Browder Capital, Founders Fund, FTX Ventures, Meritech Capital Partners, Mischief Venture Capital, Pack Ventures, Redpoint Ventures, Saga, Summit Partners, TCV, The Hit Forge, Thomson Reuters Ventures, Tribe Capital, Christina Cacioppo, Dharmesh Shah, Dylan Field, Fidji Simo, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Max Mullen, Parker Conrad, Scott Belsky, Sean Rad, Siqi Chen
Jun 1, 2025	Antimetal	$20.0M Series A	—	AirAngels, AngelList, C2 Investment, Founder Collective, Greylock, Homebrew, Innovation Endeavors, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Otherwise Fund, Preston-Werner Ventures, Spark Capital, Spero Ventures, Aaron Levie, Adrian Aoun, Akshay Kothari, Amjad Masad, Andrew Berman, Arash Ferdowsi, Ben Tossell, Ben Uretsky, Charlie Cheever, Charlie Songhurst, Christina Cacioppo, David Lieb, Ding Zhou, Frederic Kerrest, Howie Liu, Jeremy Stoppelman, Karim Atiyeh, Kyle Vogt, Matteo Franceschetti, Max Mullen, Mike Hudack, Mike Krieger, Neha Narkhede, Sam Blond, Siqi Chen, Tobias Lutke
Jun 1, 2025	Traversal	$48.0M Series A	—	C2 Investment, DST Global, Founders Fund, General Catalyst, Greylock, Hanabi Capital, Index Ventures, Kleiner Perkins, LGF, Lightspeed Venture Partners, Preston-Werner Ventures, Scale Asia Ventures, Sequoia Capital, Theory Ventures, Wellington Management, Ding Zhou, Dylan Field, Elad Gil, Sahin Boydas, Thom Ruhe
Jun 1, 2025	Turnstile	$23.0M Series A	—	Kevin Hartz, Andreessen Horowitz, BITKRAFT Ventures, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Flex Capital, Founders Fund, Goat Capital, Infinite Niches, Invariantes Fund, Jetstream, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, Sequoia Capital, The Hit Forge, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Y Combinator, YOBE Ventures, Andre Iguodala, Bradley Horowitz, Jonathan Swanson, Joshua Reeves, Joshua Webster, Ryan Shea, Sahin Boydas, Scott Belsky, Suhail Doshi
Jun 1, 2025	Cyera	$540.0M Series E	—	Accel, Coatue, Cyberstarts VC, Greenoaks Capital, Insight Partners, Lightspeed Venture Partners, Nepenthe Capital, Sequoia Capital, Walden International, Guy Podjarny, Michael Fey, Sharin Fisher Dibrov
Jun 1, 2025	Glean	$150.0M Series F	—	Kevin Hartz, Addition, Amplify Partners, Andreessen Horowitz, Banana Capital, Battery Ventures, BITKRAFT Ventures, CapitalG, Cedar Capital Group, Coatue, Convective Capital, Coughdrop Capital, CRV, Daft Capital, Day One Ventures, DST Global, Emergence Capital, Felicis Ventures, FirstMark Capital, Flex Capital, Founders Fund, Friends & Family Capital, General Catalyst, Global Founders Capital, Goat Capital, Greenoaks Capital, Greylock, Dave Munichiello, Infinite Niches, In-Q-Tel, Insight Partners, Invariantes Fund, IVP, Jetstream, Kleiner Perkins, Lightspeed Venture Partners, Mantis VC, Matrix, MS&AD Ventures, Otherwise Fund, Pareto Holdings, Pioneer Fund, QBE Ventures, Ride Ventures, Salesforce Ventures, Sand Hill Angels, Sequoia Capital, Singular, Snowflake Ventures, Spark Capital, Summit Partners, SV Angel, Telescope Partners, The Hit Forge, Theory Forge Ventures, Thirty Five Ventures, Todd and Rahul's Angel Fund, Tribe Capital, Wellington Management, Y Combinator, YOBE Ventures, Andre Iguodala, Azeem Azhar, Ben Tossell, Bradley Horowitz, Brandon Philips, Jonathan Swanson, Joshua Reeves, Joshua Webster, Kulveer Taggar, Mathilde Collin, Paul Graham, Paul Stahura, Ryan Shea, Sahin Boydas, Scott Belsky, Siqi Chen, Suhail Doshi, Thijn Lamers
Jun 1, 2025	Zero	$2.0M Seed	—	AME Cloud Ventures, Arash Ferdowsi, Dan Siroker, Kulveer Taggar, Mathilde Collin, Max Mullen
May 1, 2025	Rillet	$25.0M Series A	—	Kevin Hartz, Andreessen Horowitz, Congruent Ventures, Creandum, DGF Investimentos, FasterCapital, First Round Capital, General Catalyst, Goat Capital, ICONIQ Capital, Latitud, Lead Edge Capital, LGF, Mischief Venture Capital, monashees, Next47, Operator Collective, Sequoia Capital, Soma Capital, Susa Ventures, XYZ Venture Capital, Y Combinator, Bill Gates, Cristina Cordova, Gordon Wintrob, Hanno Renner, Immad Akhund, Max Mullen, Mike Vernal, Parker Treacy, Peter Reinhardt, Roland Grenke, Scott Belsky, Zack Kanter
May 1, 2025	Creatify AI	$16.0M Series A	—	8VC, AirAngels, C2 Investment, Craft Ventures, Homebrew, Innovation Endeavors, Lightspeed Venture Partners, Otherwise Fund, Paradigm, Preston-Werner Ventures, Spark Capital, Spero Ventures, Thrive Capital, Y Combinator, Amjad Masad, Charlie Songhurst, David Lieb, Ding Zhou, Elad Gil, John Collison, Karim Atiyeh, Mike Hudack, Mike Krieger, Patrick Collison, Tobias Lutke
May 1, 2025	StackHawk	$12.0M Series B	—	Alumni Ventures, Congruent Ventures, Costanoa Ventures, Element Partners, Energy Foundry, Insight Partners, M12, Matchstick Ventures, National Grid Partners, Wind Ventures
May 1, 2025	Owner	$120.0M Series C	—	AirAngels, Alt Capital, Alumni Ventures, Antler, Balderton Capital, Better Tomorrow Ventures, Blu Venture Investors, Browder Capital, C2 Investment, Caffeinated Capital, Citi Ventures, Conversion Capital, CP Ventures, FJ Labs, Footprint Coalition, Forgepoint Capital, Foundation Capital, Founders Fund, FTX Ventures, Hercules Capital, Ignition Partners, Jetstream, Khosla Ventures, Kleiner Perkins, Lightspeed Venture Partners, Meritech Capital Partners, Mischief Venture Capital, Montage Ventures, Oyster Ventures, Pareto Holdings, Redpoint Ventures, Roble Ventures, Saga, Sequoia Capital, Summit Partners, Susa Ventures, TCV, TechAviv Founder Partners, The Hit Forge, True Ventures, Y Combinator, Aaron Levie, Adam D'Angelo, Amjad Masad, Azeem Azhar, Christina Cacioppo, Claire Hughes Johnson, Dharmesh Shah, Dylan Field, Fidji Simo, Gokul Rajaram, Hippolyte Genet, Immad Akhund, Jason Lemkin, Jonathan Neman, Joshua Reeves, Julian Shapiro, Justin Mateen, Kyle Vogt, Larry Summers, Mark Gillespie, Matt Macinnis, Max Mullen, Nik Sharma, Parker Conrad, Sagi Paz, Scott Belsky, Sean Rad, Siqi Chen, William Hockey
Apr 1, 2025	HoneyHive	$6.0M Seed	—	AIX Ventures, Bond, C2 Investment, Felicis Ventures, Hack VC, Insight Partners, Preston-Werner Ventures, Sequoia Capital, Jeff Hammerbacher, Yan-David Erlich

Financial History

Total Raised

N/A

Valuation

N/A

Leadership Team

Key people at Sapphire Ventures.

Leadership Team

Key people at Sapphire Ventures.

Deep Dive

Sapphire Ventures is a global venture capital firm that invests primarily in high-growth, expansion-stage technology companies, focusing on enterprise software sectors such as AI/ML, B2B SaaS, cybersecurity, fintech, health tech, and vertical SaaS. Their mission is to provide capital, resources, and expertise to help innovative startups scale effectively from growth stages through IPOs, supporting over 140 companies across 10 countries with a track record of more than 70 exits, including 30+ IPOs. Sapphire Ventures plays a significant role in the startup ecosystem by accelerating enterprise technology innovation and enabling companies to reach market leadership through strategic capital and operational support[1][2][3].

Founded in 1996, Sapphire Ventures evolved from the venture arm of SAP into an independent firm focused on growth-stage investments. Key partners have guided its expansion into a multi-strategy investment platform, including Sapphire Ventures (direct growth-stage investments), Sapphire Partners (fund-of-funds investing in early-stage venture funds across North America, Europe, and Israel), and Sapphire Sport (focused on sports technology). The firm has deepened its focus on enterprise technology sectors over time, partnering with industry leaders like Cisco and Siemens to foster innovation in areas such as IoT and AI[2][4].

Core Differentiators

Unique Investment Model: Focus on growth and expansion-stage enterprise technology companies, with a complementary fund-of-funds strategy to back early-stage venture funds globally[2][4].
Network Strength: Extensive connections to over 360 annual executive talent and customer/partner introductions, leveraging a strong enterprise network to accelerate portfolio company growth[3][6].
Track Record: Over 70 successful exits, including 30+ IPOs, with notable portfolio companies like 23andMe, DocuSign, Alteryx, and Block (Square)[1][2][5].
Operating Support: Hands-on operational guidance in scaling, growth acceleration, and IPO preparation, highly valued by portfolio CEOs for its practical impact and collaboration[6].

Role in the Broader Tech Landscape

Sapphire Ventures rides the wave of digital transformation and enterprise technology adoption, capitalizing on trends such as AI/ML, cybersecurity, fintech innovation, and health tech advancements. The timing is favorable due to increasing enterprise demand for scalable, cloud-based software solutions and data-driven decision-making tools. By investing in and supporting companies that drive efficiency and innovation in large organizations, Sapphire influences the broader ecosystem by shaping the future of enterprise software and enabling startups to become market leaders[1][2][3].

Quick Take & Future Outlook

Looking ahead, Sapphire Ventures is poised to deepen its influence in emerging technology sectors like Web3, AI-driven automation, and vertical SaaS platforms. The firm’s continued emphasis on operational support and network leverage will likely enhance its portfolio companies’ ability to scale rapidly and go public. As enterprise technology evolves, Sapphire’s role as a growth-stage partner will be critical in shaping the next generation of B2B software leaders, maintaining its position as a top-tier venture capital firm in the global tech ecosystem[3][6].

Sources

Core Differentiators

Unique Investment Model: Focus on growth and expansion-stage enterprise technology companies, with a complementary fund-of-funds strategy to back early-stage venture funds globally[2][4].
Network Strength: Extensive connections to over 360 annual executive talent and customer/partner introductions, leveraging a strong enterprise network to accelerate portfolio company growth[3][6].
Track Record: Over 70 successful exits, including 30+ IPOs, with notable portfolio companies like 23andMe, DocuSign, Alteryx, and Block (Square)[1][2][5].
Operating Support: Hands-on operational guidance in scaling, growth acceleration, and IPO preparation, highly valued by portfolio CEOs for its practical impact and collaboration[6].