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Sapphire Ventures is a prominent global software venture capital firm with over $11 billion in assets under management (AUM). Established in 1996 as the venture arm of SAP, the firm transitioned to an independent entity in 2011 and rebranded as Sapphire Ventures in 2014. With headquarters in Austin, London, New York, Menlo Park, and San Francisco, Sapphire Ventures has cultivated a robust presence across North America and Europe. The firm operates three distinct investment strategies: Sapphire Ventures, which focuses on direct growth-stage investments; Sapphire Partners, a fund-of-funds that supports early-stage venture capital; and Sapphire Sport, which invests in sports, media, and entertainment technology. Over its 24-year history, Sapphire has successfully invested in 226 companies, achieving 19 IPOs and 121 total exits, solidifying its reputation as a leader in the venture capital landscape.
Sapphire Ventures specializes in high-growth, expansion-stage enterprise technology companies, primarily focusing on sectors such as B2B SaaS, cybersecurity, data & analytics, DevOps, fintech, healthtech, and vertical SaaS. The firm has made a significant commitment of over $1 billion to AI-powered enterprise technology startups, targeting the entire AI stack from foundational models to AI-native applications. Sapphire typically invests in companies at the Series B stage through to IPO, with check sizes ranging from $2 million to $30 million, and an average sweet spot around $15 million. This strategic focus allows Sapphire to back innovative companies that are poised for substantial growth and market impact, leveraging their extensive network and expertise in enterprise software.
Sapphire Ventures boasts a diverse portfolio of 226 companies, reflecting its commitment to fostering innovation in the enterprise technology sector. Notable investments include industry leaders such as LinkedIn, DocuSign, Box, Square (Block), MuleSoft, Fitbit, Monday.com, Alteryx, Auth0, Looker, Wise, Livongo, and 23andMe. The firm has achieved 19 IPOs and 121 total exits, showcasing its ability to identify and nurture high-potential startups. Recent highlights from the portfolio include the successful NASDAQ IPO of Netskope in September 2025, as well as significant valuations for Constructor at $550 million and Onebrief's $200 million Series D funding round. Sapphire's strategic investments continue to drive growth and innovation across various sectors, reinforcing its position as a leading venture capital firm.
Jai Das - Partner, with a focus on enterprise software and a strong background in venture capital. Nino Marakovic - Partner, specializing in growth-stage investments and strategic partnerships. Rajeev Batra - Partner, known for his expertise in scaling technology companies and driving operational excellence.
To pitch Sapphire Ventures, founders should visit their contact page at sapphireventures.com/contact/ or email fundsubmissions@sapphireventures.com. They welcome both warm introductions and cold applications, but a well-structured pitch that clearly outlines the business model, market opportunity, and growth strategy is essential.
In 2025, Sapphire Ventures has made 16 new investments, continuing its active engagement in the enterprise technology sector. Recent highlights include leading Constructor's $25 million Series B round at a $550 million valuation and co-leading Onebrief's $200 million Series D funding. The firm also celebrated the successful NASDAQ IPO of Netskope in September 2025, further solidifying its reputation as a leader in venture capital.
Sapphire Ventures primarily invests in high-growth, expansion-stage companies, focusing on Series B through to IPO. This allows them to support startups that are scaling and require capital to accelerate their growth.
Founders can pitch Sapphire Ventures by submitting their proposals through their contact page at sapphireventures.com/contact/ or via email at fundsubmissions@sapphireventures.com. It is advisable to provide a clear overview of the business model, market opportunity, and growth strategy.
Sapphire Ventures focuses on several key sectors, including B2B SaaS, cybersecurity, data & analytics, DevOps, fintech, healthtech, and vertical SaaS. They have also committed over $1 billion to AI-powered enterprise technology startups.
The typical check size for investments made by Sapphire Ventures ranges from $2 million to $30 million, with an average sweet spot around $15 million. This range allows them to support companies at various stages of their growth.
Sapphire Ventures has a global investment strategy, with a primary focus on North America and an expanding presence in Europe. Their offices in Austin, London, New York, Menlo Park, and San Francisco facilitate their international reach.
Sapphire Ventures offers extensive support through its Portfolio Growth team, which consists of experienced operators who provide strategic value-add services, tools, and resources to help portfolio companies scale effectively.
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