About Sapphire Ventures
Sapphire Ventures is a venture capital firm founded in 1996. It is primarily based out of Austin, United States. As of Jun 2025, Sapphire Ventures is an active investor, having invested in 216 companies, with 12 new investments in the last 12 months. It primarily invests in Series D round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it led the $60M Series B round of Supio along with Mayfield. This round also saw participation from Thomson Reuters Ventures.
Overall, Sapphire Ventures portfolio has seen 50 unicorns, 19 IPOs and 77 acquisitions including key companies like Paytm, 23andMe and Mercury. A lot of funds co-invest with Sapphire Ventures, with names like Meritech sharing a substantial percentage of its portfolio.
Sapphire Ventures has team of 78 people including 30 partners.
Key Metrics
Team Members
, &
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D &
Deals in last 12 months
Sapphire Ventures' List of Top Investments
Sapphire Ventures has a portfolio of 216 companies, including 50 unicorns. Their most notable investments are in Restream and Punchh.Their portfolio spans across United States, India, United KingdomÌý²¹²Ô»å 12 more locations. They have invested in Enterprise Applications, High Tech, Enterprise InfrastructureÌý²¹²Ô»å 25 other sectors, across stages such as Series C, Series D Ìý²¹²Ô»å 7 more. Here is the list of top investments by Sapphire Ventures:1. Paytm
Wallet-enabled payment processing solution for individuals and businesses. It provides a web-based and mobile-based platform for mobile recharge, money transfer, bill payments, travel bookings, hotel, and ticket booking, and more. It also offers business and consumer payment solutions with billing software, POS software and more. It also offers a platform for online shopping of multi-category consumer products. The application is available for both Android and iOS platforms.
Key facts about Paytm
- Founded Year: 2000
- Location: Noida (India)
- Annual Revenue: ₹10,500Cr as on Mar 31, 2024
- Stage: Public
- Total Funding till date: $3.48B
- Employee Count: 91 as on Apr 30, 2025
- Investors: , T. Rowe Price and 83 Others
- Latest Funding Round: Angel, Nov 20, 2020, $1.26M
- Highlight: Public
2. 23andMe
Provider of genetic test solutions to study ancestry, genealogy, and inherited traits. The platform provides a study regarding an individual's ancestry, genealogy, and inherited traits. The company also markets its data is categorized and searchable form to researchers and scientists.
Key facts about 23andMe
- Founded Year: 2006
- Location: Sunnyvale (United States)
- Annual Revenue: $220M as on Mar 31, 2024
- Last Known Valuation: $3.5B as on Jun 17, 2021
- Stage: Acquired
- Total Funding till date: $944M
- Employee Count: 755 as on Dec 31, 2022
- Investors: SeedFord Partners, Johnson & Johnson Innovation – JJDC and 29 Others
- Latest Funding Round: Post IPO, Nov 03, 2023, $20M
- Highlight: Acquired
3. Mercury
Digital bank for startups. It offers services such as digital accounts, money transfers, prepaid cards, virtual cards, online/offline payments, and more. It offers tools for managing transactions and expenses.
Key facts about Mercury
- Founded Year: 2010
- Location: San Francisco (United States)
- Annual Revenue: $2.71M as on Dec 31, 2021
- Valuation: $3.5B as on Mar 26, 2025
- Stage: Series C
- Total Funding till date: $346M
- Employee Count: 466 as on Dec 31, 2023
- Investors: Opus Capital, Sapphire Ventures and 42 Others
- Latest Funding Round: Series C, Mar 21, 2025, $200M
- Highlight: Editors' Pick
4. Wise
Cross-border remittance solution for individuals and businesses. Allows users to send, receive, and make payments across borders through app-based platforms. Individuals can make payments through bank transfers globally. Businesses are allowed to accept fund transfers and make payments to international employees through multi-currency banking channels. The application can be accessed on iOS and Android devices.
Key facts about Wise
- Founded Year: 2011
- Location: Shoreditch (United Kingdom)
- Stage: Public
- Total Funding till date: $1.03B
- Employee Count: 5,499 as on Mar 31, 2024
- Investors: Glynn Capital, IVP and 116 Others
- Latest Funding Round: Venture Debt, May 19, 2021, $227M
- Highlight: Public
5.
Cloud based identity management solution for enterprises. It delivers a solution for federated access to applications using existing identity infrastructure. It provides SSO features and encourages signing in from social networking sites for added security. Its products includespingone neo, orchestration, threat protection, identity verification, pingone cloud platform, pingone for customer, and more.
Key facts about Ping Identity
- Founded Year: 2002
- Location: Denver (United States)
- Annual Revenue: £29.9M as on Dec 31, 2022
- Stage: Acquired
- Total Funding till date: $137M
- Employee Count: 821 as on Dec 31, 2022
- Investors: Hercules Capital, W Capital Partners and
- Latest Funding Round: Series E, Nov 10, 2014, $182K
- Highlight: Acquired
Sapphire Ventures' Year-on-Year Investment Trends
Sapphire Ventures has invested in 216 companies over the last 23 years, with an average of 13 new investments annually in the last 10 years. In 2024, it made 20 investments, while as of Jun 2025, it has made 7 investments in this year. Its most recent first time investment was in Sports Visio and most recent follow-on round was in Cyera.
Year | No. of Investments | ||
|---|---|---|---|
1stÌý¸é´Ç³Ü²Ô»å | Follow-on | Total | |
2025 (YTD) | 2 | 5 | 7 |
2024 | 15 | 5 | 20 |
2023 | 9 | 1 | 10 |
2022 | 5 | 14 | 19 |
2021 | 31 | 31 | 62 |
2020 | 17 | 12 | 29 |
2019 | 17 | 16 | 33 |
2018 | 13 | 10 | 23 |
2017 | 10 | 8 | 18 |
2016 | 10 | 3 | 13 |
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Sapphire Ventures' Investments by Stage
Sapphire Ventures is primarily an Late Stage Investor investor majorly investing in Series C (54) rounds where average round size is $2.85B, Series D (42) rounds where average round size is $3.91B and Series B (33) rounds where average round size is $1.33B.Note: We have considered here, only first round of investments
Stage of entry | No. of Investments |
|---|---|
Series C | 54 |
Series D | 42 |
Series B | 33 |
Series A | 25 |
Series E | 13 |
Others | 12 |
Sapphire Ventures' Investments by Sector
Sapphire Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, FinTech and Vertical SaaS. Notably, it has invested in 203 Tech companies, 186 Enterprise (B2B) companies, 163 Software companies and at least 131 companies focusing on Saas.
Note: We have considered here, only first round of investments
Sector | No. of Investments |
|---|---|
Enterprise Applications | 142 |
Enterprise Infrastructure | 51 |
High Tech | 38 |
FinTech | 30 |
Vertical SaaS | 24 |
Others | 113 |
Sapphire Ventures' Investments by Geography
Sapphire Ventures has made most investments in United States (148), followed by United Kingdom where it has made 8 investments.
Note: We have considered here, only first round of investments
Country | No. of Investments |
|---|---|
United States | 148 |
United Kingdom | 8 |
India | 4 |
Israel | 4 |
Canada | 3 |
Others | 13 |
Sapphire Ventures' recent investments
Here are the most recent investments by Sapphire Ventures:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 18, 2025 | United States | Seed | $3.2M | Hyperplane [+5] | |
Jun 11, 2025 | United States | Series E | $540M | Georgian [+8] | |
Jun 10, 2025 | United States | Series F | $150M | [+16] | |
May 22, 2025 | United States | Series C | $12M | ||
Apr 30, 2025 | United States | Series B | $60M | Mayfield [+1] |
Get the detailed list of all investments by Sapphire Ventures. Download now!Unicorns in Sapphire Ventures' Portfolio
Here is a list of unicorns in Sapphire Ventures' portfolio:
ÃØÃÜÑо¿Ëù Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
64 | Cloud based data integration and customer data platform | 2019 | San Francisco | Series C | rsfsrjz | ||
63 | Offering conversational AI platforms | 2021 | New York City | Series D | auuetzn | ||
61 | Cloud based platform offering CRM and low code business process automation | 2002 | Boston | Series D | vwjdubr | ||
65 | Provider of cybersecurity suite solutions | 2015 | Ellicott City | Series D | piwszwo | ||
69 | AI powered text data analytics platform for enterprises | 2019 | Toronto | Series D | sbgvwyv |
IPOs and Publicly Listed companies in Sapphire Ventures' Portfolio
Here are Sapphire Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 18, 2021 | Sep 13, 2011 | Series C | $10M | |
Nov 17, 2021 | Oct 03, 2018 | Series E | $80M | |
Jul 21, 2021 | - | - | - | |
Jul 07, 2021 | May 25, 2016 | Series D | $26M | |
Jun 30, 2021 | Jul 17, 2015 | Series E | $27M |
Acquired companies in Sapphire Ventures' Portfolio
Here are Sapphire Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 13, 2025 | - | - | - | |
May 27, 2025 | Jan 05, 2012 | Series D | $53.4M | |
May 06, 2025 | Sep 03, 2020 | Series F | $66M | |
Mar 10, 2025 | Nov 14, 2019 | Series B | $75M | |
Mar 04, 2025 | Aug 09, 2023 | Series C | $50M |
Team profile of Sapphire Ventures
Sapphire Ventures has a team of 78 membersÌýincluding 30 Partners, 1 Venture Partner and 37 PrincipalsÌýlocated in United States, United Kingdom and . Sapphire Ventures' team sits on the board of 1 company.Here is a list of top team members in Sapphire Ventures:
Name | Designation | Location | Board Memberships | Contact details |
|---|---|---|---|---|
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | Redwood City | - | ||
Partner | San Carlos | - | ||
Partner | San Francisco | - | ||
Partner | London | |||
Partner | Palo Alto | - | - | |
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | San Francisco | - | ||
Partner | Palo Alto | - |
Get the full list of Sapphire Ventures' team & partners for free. Download now!Co-investors of Sapphire Ventures
Over the past 23 years, 1639 investors have co-invested in Sapphire Ventures's portfolio companies.
- Invested before Sapphire Ventures:ÌýLightspeed Venture Partners, Accel and 735 others have invested in rounds before Sapphire Ventures. There are 14 companies where Lightspeed Venture Partners has invested before Sapphire Ventures and 14 companies where Accel has invested before Sapphire Ventures.
- Top Co-investors of Sapphire Ventures:Ìý398 investors entered a company along with Sapphire Ventures. These include investors like Meritech (7 companies).
- Invested after Sapphire Ventures:ÌýA total of 504 investors have invested in Sapphire Ventures's portfolio after their investments. Top Investors include Tiger Global Management (14 companies), Goldman Sachs (8 companies) and B Capital (7 companies).
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Recent News related to Sapphire Ventures
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