About Sapphire Ventures
Sapphire Ventures is a venture capital firm founded in 1996. It is primarily based out of Austin, United States. As of Aug 2026, Sapphire Ventures is an active investor, having invested in 230 companies, with 10 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 B round of Smack Technologies Overall, Sapphire Ventures portfolio has seen 54 unicorns, 19 IPOs and 89 acquisitions including key companies like DocuSign, LinkedIn and Wise. 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 54 people including 15 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D & 7 more
Portfolio Unicorns
Deals in last 12 months
Sapphire Ventures' List of Top Investments
Sapphire Ventures has a portfolio of 230 companies, including 54 unicorns. Their most notable investments are in Simpplr and Bretton AI.Their portfolio spans across United States, India, United Kingdom and 11 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 27 other sectors, across stages such as Series C, Series D and 7 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)
- Annual Revenue: $1B+ as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,503 as on Jun 30, 2026
- Investors: HTIF, Glynn Capital and 90 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
2. LinkedIn
Network of resources for professional networking, job searching, and skill development. It provides a platform for individuals to connect with other professionals in their industry. The network facilitates opportunities to find employment and internships across various sectors. Additionally, it offers learning resources for developing business, technical, and creative skills.
Key facts about LinkedIn
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $144M
- Employee Count: 23,681 as on May 31, 2026
- Investors: Sprout Capital Partners, Glynn Capital and 51 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Highlight: Acquired
3. Wise
Provider of international money transfer and multi-currency. It offers secure, transparent, and cost-efficient cross-border payment solutions. It provides personal accounts, business accounts, multi-currency cards, and platform APIs that enable individuals, companies, and financial institutions to send, receive, hold, and convert money globally.
Key facts about Wise
- Founded Year: 2011
- Location: Shoreditch (United Kingdom)
- Annual Revenue: €500M - €1B as on Mar 31, 2022
- Stage: Public
- Total Funding till date: $397M
- Employee Count: 10,710 as on May 31, 2026
- Investors: Glynn Capital, Galtymore Partners and 103 Others
- Latest Funding Round: Venture Debt, May 19, 2021, $*****
- Highlight: Public
4. Square
Provider of integrated point of sale and business management solutions. The company delivers hardware and software for payments, retail, restaurants, and appointments. It offers tools for managing teams, payroll, marketing, customer relationships, and cash flow. The business provides solutions for various industries, including food and beverage, retail, beauty, and services.
Key facts about Square
- Founded Year: 2009
- Location: San Francisco (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 6,282 as on Jun 30, 2026
- Investors: TDM Growth Partners, Harmony Venture Partners and 58 Others
- Latest Funding Round: Post IPO, Mar 03, 2020, $*****
- 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: 1,582 as on Apr 30, 2026
- Investors: Harmony Venture Partners, Sapphire Ventures and 80 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
Sapphire Ventures' Year-on-Year Investment Trends
Sapphire Ventures has invested in 230 companies over the last 24 years, with an average of 13 new investments annually in the last 10 years. In 2025, it made 16 investments, while as of Aug 2026, it has made 14 investments in this year. Its most recent first time investment was in Smack Technologies and most recent follow-on round was in Current.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 6 | 8 | 14 |
2025 | 8 | 8 | 16 |
2024 | 15 | 5 | 20 |
2023 | 9 | 1 | 10 |
2022 | 6 | 14 | 20 |
2021 | 30 | 31 | 61 |
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 $3.49B, Series D (45) rounds where average round size is $4.33B and Series B (37) rounds where average round size is $1.65B.Stage of entry | No. of Investments |
|---|---|
Series C | 58 |
Series D | 45 |
Series B | 37 |
Series A | 25 |
Series E | 14 |
Others | 12 |
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 216 Tech companies, 201 Enterprise (B2B) companies, 184 Software companies and at least 145 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 152 |
Enterprise Infrastructure | 53 |
High Tech | 36 |
FinTech | 31 |
Vertical SaaS | 25 |
Others | 123 |
Note: We have considered here, only first round of investments
Sapphire Ventures' Investments by Geography
Sapphire Ventures has made most investments in United States (159), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 159 |
United Kingdom | 8 |
Canada | 4 |
India | 4 |
Israel | 4 |
Others | 13 |
Note: We have considered here, only first round of investments
Sapphire Ventures' recent investments
Sapphire Ventures has made 14 investments in 2026 so far. Smack Technologies and Horizon Three AI 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 |
|---|---|---|---|---|---|
Aug 18, 2026 | United States | Series B | 4080 | [+8] | |
Aug 03, 2026 | United States | Series E | 9910 | [+11] | |
Jul 14, 2026 | United States | Series C | 2863 | [+17] | |
Jun 10, 2026 | United States | Series E | 1658 | ||
Jun 02, 2026 | United States | Series G | 1121 |
Unicorns in Sapphire Ventures' Portfolio
Sapphire Ventures has 54 unicorns in its portfolio - Horizon Three AI, Rain, Chai Discovery and others. The most recent unicorn in their portfolio is Horizon Three AI. 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 |
|---|---|---|---|---|---|---|---|
59 | Cloud based pentesting platform | 2019 | San Francisco | Series E | fj{ziyw | ||
59 | Stablecoin-powered cards and payments infrastructure for a fluid financial system | 2021 | Brooklyn | Series C | bjm{oqj | ||
69 | Developer of artificial intelligence models for de novo molecular design | 2023 | San Francisco | Series C | zlhragm | ||
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | nehmu{x | ||
59 | Cloud-based mind mapping solutions for enterprises and the military | 2018 | Austin | Series D | nmogauv |
IPOs and Publicly Listed companies in Sapphire Ventures' Portfolio
19 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 | 8439 | |
Nov 18, 2021 | Sep 13, 2011 | Series C | 3018 | |
Nov 17, 2021 | Oct 03, 2018 | Series E | 1450 | |
Jul 21, 2021 | - | - | 2439 | |
Jul 09, 2021 | May 25, 2016 | Series D | 9545 |
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 | 3487 | |
Jun 17, 2026 | Jul 23, 2019 | Series A | 1524 | |
Jun 01, 2026 | Dec 05, 2018 | Series D | 7028 | |
May 06, 2026 | Jan 06, 2021 | Series D | 6888 | |
May 05, 2026 | May 28, 2013 | Series A | 4417 |
Team profile of Sapphire Ventures
Sapphire Ventures has a team of 54 members including 15 Partners, 1 Venture Partner and 22 Principals located in United States, Pakistan and 2 more locations. Sapphire Ventures' team sits on the board of 2 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 | London | |||
Partner | Austin | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | Austin | - | ||
Partner | San Francisco | - | ||
Partner | - | - | ||
Partner | Austin | - |
Co-investors of Sapphire Ventures
Over the past 24 years, 1705 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 900 others have invested in rounds before Sapphire Ventures. There are 15 companies where Lightspeed Venture Partners has invested before Sapphire Ventures and 14 companies where Sequoia Capital has invested before Sapphire Ventures.
- Top Co-investors of Sapphire Ventures: 336 investors entered a company along with Sapphire Ventures. These include investors like Meritech (7 companies).
- Invested after Sapphire Ventures: A total of 467 investors have invested in Sapphire Ventures's portfolio after their investments. Top Investors include Tiger Global Management (14 companies), Goldman Sachs (8 companies) and Salesforce Ventures (7 companies).
Recent News related to Sapphire Ventures
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