Sapphire Ventures

What is Sapphire Ventures?

Sapphire Ventures, founded in 1996 and based in Palo Alto, California, is a venture capital firm that specializes in equity investments, primarily targeting expansion-stage technology-enabled companies.

The firm's investment strategy encompasses a broad range of industries including SaaS, PropTech, IT & TMT, Media, Education, Business Solutions, FinTech & Financial Services, Hardware & Manufacturing, Retail & E-Commerce, Sales & Marketing, Entertainment & Sports, IoT & Wearables, A.I. & Big Data, HealthTech & Fitness, Blockchain & Cryptos, Web Security & Privacy, Gaming & eSports, Analytics, Cloud Services & Infrastructure, Developer Tools, Local Commerce, Medical Devices & Hospital Services, Payments, Robotics, Aerospace & Defense, Real Estate & Construction, Healthcare & Wellness, Investment Management, Nanotechnology, and Online Social.

With a focus on Series B through IPO stages, they aim to support visionary teams building impactful companies. Their investment ranges from $10 million to $100 million, with a sweet spot of around $25 million. Sapphire Ventures boasts $1.4 billion in assets under management and has a history of over 30 IPOs along with 80+ exits.

They have achieved an 82 CEO Net Promoter Score and facilitate 240 executive talent introductions and over 420 customer & partner intros annually. Moreover, the firm oversees a Fund of Funds program through Sapphire Partners and bridges technology and culture through Sapphire Sport.

Sapphire Ventures seeks B2B and consumer companies with at least $5 million revenue run-rate that have achieved product-market fit, typically leading Series B or Series C rounds, but they are less likely to invest in early-stage companies with revenues under $5 million. Their operations span across the United States, Europe, and Israel.

What they say:

We invest in visionary teams building companies of consequence, primarily investing in Series B through IPO stage technology companies.