About Sapphire Ventures
Sapphire Ventures is a venture capital firm founded in 1996. It is primarily based out of Austin, United States. As of Sep 2026, Sapphire Ventures is an active investor, having invested in 241 companies, with 11 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 participated in the $***** Series F round of EliseAI Overall, Sapphire Ventures portfolio has seen 63 unicorns, 18 IPOs and 89 acquisitions including key companies like DocuSign, ElevenLabs and monday.com. 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 58 people including 28 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D & 8 more
Portfolio Unicorns
Sapphire Ventures' List of Top Investments
Sapphire Ventures has a portfolio of 241 companies, including 63 unicorns. Their most notable investments are in Medable and Medable.Their portfolio spans across United States, United Kingdom, India and 11 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 28 other sectors, across stages such as Series C, Series D and 8 more. Here is the list of top investments by Sapphire Ventures:
1. DocuSign
Provider of electronic signature and intelligent agreement management platform solutions. The platform offers tools for contract lifecycle management, agreement preparation, and agreement workflow automation. It provides features such as electronic notarization, web forms, and multi-channel delivery options. The platform extends its capabilities through integrations, APIs, and a mobile application.
Key facts about DocuSign
- Founded Year: 2003
- Location: San Francisco (United States)
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,545 as on Sep 30, 2026
- Investors: HTIF, Glynn Capital and 92 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
2. ElevenLabs
AI platform for speech, voice cloning, music, and AI agents. It provides tools for creating realistic speech, converting text to natural-sounding audio, cloning voices, generating music and sound effects, and building conversational AI agents. It serves developers, enterprises, and creators through APIs and integrated products designed for applications such as content production, customer support automation, media localization, and interactive AI experiences.
Key facts about ElevenLabs
- Founded Year: 2022
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $822M
- Employee Count: 1,313 as on Aug 31, 2026
- Investors: Sapphire Ventures, Salesforce Ventures and 53 Others
- Latest Funding Round: Series D, Jun 17, 2026, $*****
- Highlight: Editors' Pick
3. Anthropic
Provider of AI safety and research company. It is an AI research and safety company offering AI models and chatbots. Its chatbot can be used for multiple industries including customer support, legal support, coaching, searching data, back-office automation, and sales.
Key facts about Anthropic
- Founded Year: 2021
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on May 15, 2026
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $132B
- Employee Count: 6,146 as on Sep 30, 2026
- Investors: T. Rowe Price, Goldman Sachs and 130 Others
- Latest Funding Round: Series H, 2026, $*****
- Highlight: Editors' Pick
4. monday.com
Cloud-based platform offering suite solutions for project management. The platform enables users to track teams and their performance on the assigned tasks, projects, and to do lists. It provides boards where users can communicate, edit rows, manage meetings, teams, notifications, and visualize team performance, and deadlines of the projects. It provides solutions for client management, bug tracking, project designing, lead tracking, and more.
Key facts about monday.com
- Founded Year: 2012
- Location: Tel Aviv (Israel)
- Stage: Public
- Total Funding till date: $235M
- Employee Count: 3,900 as on Jun 30, 2026
- Investors: HTIF, Sprout Capital Partners and 19 Others
- Latest Funding Round: Post IPO, Jun 10, 2021, $*****
- Highlight: Public
5. Mercury
Provider of a comprehensive online platform offering a range of financial services. The company provides integrated banking services for businesses, offering a platform to manage financial operations.
Key facts about Mercury
- Founded Year: 2017
- Location: San Francisco (United States)
- Annual Revenue: $1M - $10M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $546M
- Employee Count: 1,807 as on Sep 30, 2026
- Investors: Harmony Venture Partners, Sapphire Ventures and 81 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
Sapphire Ventures' Year-on-Year Investment Trends
Sapphire Ventures has invested in 241 companies over the last 24 years, with an average of 14 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Sep 2026, it has made 19 investments in this year. Its most recent first time investment was in Gimlet Labs and most recent follow-on round was in EliseAI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 9 | 10 | 19 |
2025 | 8 | 8 | 16 |
2024 | 15 | 5 | 20 |
2023 | 9 | 1 | 10 |
2022 | 6 | 14 | 20 |
2021 | 30 | 30 | 60 |
2020 | 18 | 11 | 29 |
2019 | 16 | 16 | 32 |
2018 | 13 | 10 | 23 |
2017 | 10 | 8 | 18 |
Sapphire Ventures' Investments by Stage
Sapphire Ventures is primarily an Late Stage Investor investor majorly investing in Series C (58) rounds where average round size is $3.45B, Series D (45) rounds where average round size is $4.33B and Series B (38) rounds where average round size is $1.95B.Stage of entry | No. of Investments |
|---|---|
Series C | 58 |
Series D | 45 |
Series B | 38 |
Series A | 26 |
Series E | 14 |
Others | 13 |
Note: We have considered here, only first round of investments
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 227 Tech companies, 212 Enterprise (B2B) companies, 194 Software companies and at least 156 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 154 |
Enterprise Infrastructure | 53 |
High Tech | 37 |
FinTech | 30 |
Vertical SaaS | 26 |
Others | 124 |
Note: We have considered here, only first round of investments
Sapphire Ventures' Investments by Geography
Sapphire Ventures has made most investments in United States (162), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 162 |
United Kingdom | 8 |
Canada | 4 |
Israel | 4 |
Germany | 3 |
Others | 13 |
Note: We have considered here, only first round of investments
Sapphire Ventures' recent investments
Sapphire Ventures has made 19 investments in 2026 so far. EliseAI and Temporal are the latest among them.Here are the most recent investments by Sapphire Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Sep 29, 2026 | United States | Series F | 8742 | [+3] | |
Sep 14, 2026 | United States | Series E | 5483 | ||
Sep 04, 2026 | United States | Series B | 6897 | [+16] | |
Aug 28, 2026 | United States | Series H | 3810 | [+12] | |
Aug 18, 2026 | United States | Series B | 5364 | [+8] |
Unicorns in Sapphire Ventures' Portfolio
Sapphire Ventures has 63 unicorns in its portfolio - Gimlet Labs, Horizon Three AI, WorkOS and others. The most recent unicorn in their portfolio is Gimlet Labs. It became a unicorn in 2026.Here is a list of unicorns in Sapphire Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
63 | Developer of software to deploy and monitor AI applications across fleets | 1990 | San Francisco | Series B | yhsrfa{ | ||
60 | Cloud based pentesting platform | 2019 | San Francisco | Series E | qyosrow | ||
71 | Cloud based solutions for secure access control | 2019 | San Francisco | Series B | nyialid | ||
58 | Developer of a platform for secure software delivery to military systems | 2021 | Colorado Springs | Series B | bqnewog | ||
66 | Stablecoin-powered cards and payments infrastructure for a fluid financial system | 2021 | Brooklyn | Series C | uznrwgw |
IPOs and Publicly Listed companies in Sapphire Ventures' Portfolio
18 of Sapphire Ventures' portfolio companies have become public. Netskope got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $908M and Paytm got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE) at marketcap of $18.8B.Here are Sapphire Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 18, 2025 | Apr 27, 2017 | Series E | 7489 | |
Nov 18, 2021 | Sep 13, 2011 | Series C | 7975 | |
Nov 17, 2021 | Oct 03, 2018 | Series E | 1385 | |
Jul 21, 2021 | - | - | 4155 | |
Jul 09, 2021 | May 25, 2016 | Series D | 2146 |
Acquired companies in Sapphire Ventures' Portfolio
89 companies from Sapphire Ventures' portfolio have been acquired. The most recent acquisition was BioCatch in Aug 2026 by Visa for $*****.Here are Sapphire Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 03, 2026 | Nov 20, 2023 | Series D | 1512 | |
Jun 17, 2026 | Jul 23, 2019 | Series A | 1153 | |
Jun 01, 2026 | Dec 05, 2018 | Series D | 8397 | |
May 06, 2026 | Jan 06, 2021 | Series D | 2635 | |
May 05, 2026 | May 28, 2013 | Series A | 4479 |
Team profile of Sapphire Ventures
Sapphire Ventures has a team of 58 members including 28 Partners and 16 Principals located in United States, United Kingdom and 1 more location. Sapphire Ventures' team sits on the board of 8 companies.Here is a list of top team members in Sapphire Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | San Carlos | |||
Partner | San Jose | - | ||
Partner | San Francisco | - | ||
Partner | London | |||
Partner | Palo Alto | - | ||
Partner | Austin | - | ||
Partner | Austin | - | - | |
Partner | San Francisco | - | ||
Partner | Palo Alto | - |
Co-investors of Sapphire Ventures
Over the past 24 years, 1752 investors have co-invested in Sapphire Ventures's portfolio companies. This includes funds and angels.
- Invested before Sapphire Ventures: Lightspeed Venture Partners, Sequoia Capital and 925 others have invested in rounds before Sapphire Ventures. There are 16 companies where Lightspeed Venture Partners has invested before Sapphire Ventures and 15 companies where Sequoia Capital has invested before Sapphire Ventures.
- Top Co-investors of Sapphire Ventures: 355 investors entered a company along with Sapphire Ventures. These include investors like Meritech (7 companies).
- Invested after Sapphire Ventures: A total of 470 investors have invested in Sapphire Ventures's portfolio after their investments. Top Investors include Tiger Global Management (14 companies), Goldman Sachs (10 companies) and Wellington (8 companies).
Recent News related to Sapphire Ventures
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A16z leads $300m round for AI infrastructure startup GimletTech in Asia•Sep 05, 2026•Arm, Gimlet Labs, M12, Andreessen Horowitz and 11 others
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Horizon3 Raises $250 Million for AI-Driven Cyber DefensePYMNTS.com•Aug 04, 2026•Horizon Three AI, Nea, NightDragon, New Enterprise Associates and 10 others
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KAST Raises $80M Series A to Expand Stablecoin Financial PlatformThe SaaS News•Jun 02, 2026•KAST, QED Investors, Springcoast Capital Partners, Sapphire Ventures and 5 others
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Mercury valued at $5.2 billion in Series D funding roundTeleborsa•May 20, 2026•TCV, Mercury, Sequoia Capital, Coatue and 4 others
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Hightouch AI marketing service boosts annual recurring revenue to $100 millionCui Niuhui•Apr 16, 2026•Hightouch, IconiQ, Sapphire Ventures, Goldman Sachs and 3 others
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Berlin’s Upvest raises €108 million to scale securities infrastructure for banks and FinTechsBebeez•Mar 17, 2026•Sapphire Ventures, Upvest, Tencent, BlackRock and 1 other
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Mintos Expands Offering with Regulated Crypto ETPs via Upvest CollaborationWebDisclosure•Mar 17, 2026•Mintos, Upvest, Sapphire Ventures, Tencent and 1 other
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Temporal Raises $300M Series D at $5B Valuation to Take Agentic AI Into ProductionTechnologies.org•Feb 18, 2026•Temporal, Andreessen Horowitz, Sequoia Capital, Sapphire Ventures and 8 others
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GitGuardian Raises $50M Series C for NHI and AI Agent SecuritySecurity Boulevard•Feb 11, 2026•Insight Partners, GitGuardian, Quadrille Capital, Balderton Capital and 4 others
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Bretton AI Secures $75 Million to Deploy AI Agents Against Financial CrimePYMNTS.com•Feb 11, 2026•Sapphire Ventures, Bretton, Thomson Reuters Ventures, Y Combinator and 5 others
