Sapphire Ventures

Venture Capital Est. 1996
Website →
≈USD 4.28B
Est. FUM
Sum of 4 funds raised 2016–2023; larger than the total stated by an earlier estimate
Type
Venture Capital
HQ
Palo Alto, CA, United States
Founded
1996
Last fundraise
2016 (USD 1B)

About

Sapphire Ventures is a US venture capital fund that invests in visionary companies seeking to change the way we work and live. We write initial cheques as little as $5-10m for expansion-stage companies and can invest up to $100m in later stage businesses. We have a long history of venture investing across numerous cycles and provide our portfolio companies with significant expertise beyond capital. One of our core focuses is on enterprise tech in US, Europe and Israel. Through Sapphire Sports and our dedicated funds, we also invest at the intersection of tech, sports, media and entertainment. In addition, through Sapphire Partners we invest in early-stage venture capital funds with deep expertise in enterprise and consumer tech in the US, Europe and Israel. Sapphire Ventures was formerly the corporate venture capital arm of SAP before being spun out in 2011.

Strategies

Venture Capital
Growth Equity
Sources

Locations & investment markets

Capital and location details checked 2026-10-12.

Investment Focus

Investment size
USD 5M - USD 100M

Reported investment size. Actual commitments may vary by stage, ownership and follow-on participation.

Investment Stages
Stages
Series A Series B Growth
Investment Geographies
Primary Markets
United States
Coverage
Global
Regions
North America

Coverage is a guide only.

Location

Headquarters
Palo Alto, CA, United States
More investors with offices in Silicon Valley
Office Presence
1 country
United States
1 known office
Palo Alto, CA, United States (HQ)

Fundraising

Sapphire Ventures Fund III
Sep 14, 2016
USD 1B
source
Sapphire Sport Fund II
2023
USD 181M
source
Sapphire Ventures 2021 fund
2021
USD 1.7B
source
Sapphire Ventures Fund IV and related strategies
2019
USD 1.4B
source

Deals & Activity

Tracked Deals
3
Most common deal types
Unknown (2) Series B (1)
Recent tracked deals
EliseAI
2026
Bretton AI
Series B - 2026
$75M
Info
2025

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