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 2026, Sapphire Ventures is an active investor, having invested in 228 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 F round of Cyera Overall, Sapphire Ventures portfolio has seen 52 unicorns, 19 IPOs and 89 acquisitions including key companies like LinkedIn, DocuSign 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 83 people including 15 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series D & 7 more
Portfolio Acquisitions
Sapphire Ventures' List of Top Investments
Sapphire Ventures has a portfolio of 228 companies, including 52 unicorns. Their most notable investments are in Bretton AI and Simpplr.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. 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: 23,778 as on Apr 30, 2026
- Investors: SeedFord Partners, Sprout Capital Partners and 43 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Highlight: Acquired
2. 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: $3.22B as on Jan 31, 2026
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 8,397 as on Apr 30, 2026
- Investors: Cross Creek, Star Tech NG and 87 Others
- Latest Funding Round: Post IPO, Jul 20, 2020, $*****
- Highlight: Public
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: €529M as on Mar 31, 2022
- Stage: Public
- Total Funding till date: $1.03B
- Employee Count: 10,355 as on Apr 30, 2026
- Investors: Fidelity Investments, Lead Edge Capital and 119 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: $24.2B as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $520M
- Employee Count: 6,512 as on Apr 30, 2026
- Investors: TriplePoint Capital, GIC and 59 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: $2.71M as on Dec 31, 2021
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $546M
- Employee Count: 1,582 as on Apr 30, 2026
- Investors: Sapphire Ventures, TCV and 74 Others
- Latest Funding Round: Series D, May 08, 2026, $*****
- Highlight: Editors' Pick
Sapphire Ventures' Year-on-Year Investment Trends
Sapphire Ventures has invested in 228 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 Jun 2026, it has made 10 investments in this year. Its most recent first time investment was in Temporal and most recent follow-on round was in Cyera.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 7 | 10 |
2025 | 8 | 8 | 16 |
2024 | 15 | 5 | 20 |
2023 | 9 | 1 | 10 |
2022 | 6 | 14 | 20 |
2021 | 30 | 32 | 62 |
2020 | 18 | 12 | 30 |
2019 | 17 | 16 | 33 |
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 (57) rounds where average round size is $3.09B, Series D (45) rounds where average round size is $4.33B and Series B (36) rounds where average round size is $1.59B.Stage of entry | No. of Investments |
|---|---|
Series C | 57 |
Series D | 45 |
Series B | 36 |
Series A | 25 |
Series E | 13 |
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 214 Tech companies, 198 Enterprise (B2B) companies, 183 Software companies and at least 144 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 149 |
Enterprise Infrastructure | 52 |
High Tech | 33 |
FinTech | 31 |
Vertical SaaS | 25 |
Others | 119 |
Note: We have considered here, only first round of investments
Sapphire Ventures' Investments by Geography
Sapphire Ventures has made most investments in United States (158), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 158 |
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 10 investments in 2026 so far. Cyera and Mercury 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 |
|---|---|---|---|---|---|
Jun 02, 2026 | United States | Series F | 8964 | ||
May 08, 2026 | United States | Series D | 9206 | [+5] | |
Apr 29, 2026 | United States | Series D | 3858 | ||
Mar 17, 2026 | Germany | Series C | 6384 | [+2] | |
Feb 17, 2026 | United States | Series D | 1224 | [+7] |
Unicorns in Sapphire Ventures' Portfolio
Sapphire Ventures has 52 unicorns in its portfolio - Rain, LangChain, Onebrief and others. The most recent unicorn in their portfolio is Rain. 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 |
|---|---|---|---|---|---|---|---|
58 | Stablecoin-powered cards and payments infrastructure for a fluid financial system | 2021 | Brooklyn | Series C | oascvgh | ||
70 | Developer of tools for building, testing, and deploying AI agent applications | 2022 | San Francisco | Series B | uqerupo | ||
59 | Cloud-based mind mapping solutions for enterprises and the military | 2018 | Austin | Series D | vlymszz | ||
73 | Provider of an AI-powered marketing and customer data platform | 2019 | San Francisco | Series D | hwpuonk | ||
72 | AI and cloud based lead management and contact dataset provider | 2017 | New York | Series C | lpjgfai |
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 | 9486 | |
Nov 18, 2021 | Sep 13, 2011 | Series C | 5669 | |
Nov 17, 2021 | Oct 03, 2018 | Series E | 6481 | |
Jul 21, 2021 | - | - | 8567 | |
Jul 07, 2021 | May 25, 2016 | Series D | 6886 |
Acquired companies in Sapphire Ventures' Portfolio
89 companies from Sapphire Ventures' portfolio have been acquired. The most recent acquisition was Contentful in Jun 2026 by Salesforce for $*****.Here are Sapphire Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2026 | Dec 05, 2018 | Series D | 6576 | |
May 06, 2026 | Jan 06, 2021 | Series D | 9611 | |
May 05, 2026 | May 28, 2013 | Series A | 6262 | |
Apr 26, 2026 | Jul 18, 2023 | Series A | 8816 | |
Mar 26, 2026 | Apr 18, 2017 | Series C | 4918 |
Team profile of Sapphire Ventures
Sapphire Ventures has a team of 83 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, 1679 investors have co-invested in Sapphire Ventures's portfolio companies. This includes funds and angels.
- Invested before Sapphire Ventures: Sequoia Capital, Lightspeed Venture Partners and 875 others have invested in rounds before Sapphire Ventures. There are 14 companies where Sequoia Capital has invested before Sapphire Ventures and 14 companies where Lightspeed Venture Partners has invested before Sapphire Ventures.
- Top Co-investors of Sapphire Ventures: 325 investors entered a company along with Sapphire Ventures. These include investors like Meritech (7 companies).
- Invested after Sapphire Ventures: A total of 477 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
•
Mercury valued at $5.2 billion in Series D funding roundTeleborsa•May 20, 2026•TCV, Mercury, Sequoia Capital, Coatue and 4 others
•
Hightouch AI marketing service boosts annual recurring revenue to $100 millionCui Niuhui•Apr 16, 2026•Hightouch, IconiQ, Sapphire Ventures, Goldman Sachs and 3 others
•
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
•
Mintos Expands Offering with Regulated Crypto ETPs via Upvest CollaborationWebDisclosure•Mar 17, 2026•Mintos, Upvest, Sapphire Ventures, Tencent and 1 other
•
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
•
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
•
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
•
Onebrief Raises $200M, Acquires Battle Road DigitalSiliconAngle•Jan 14, 2026•Battle Road Digital, Sapphire Ventures, Onebrief, Battery Ventures and 3 others
•
Defense Unicorns Raises $136 Million Series B for Secure Software Delivery, Achieving $1B ValuationPR Newswire•Jan 13, 2026•Defense Unicorns, Bain Capital, Ansa, Sapphire Ventures and 4 others
•
Data security startup Cyera hits $9B valuation after being valued at $6BTechCrunch+•Jan 09, 2026•Cyera, Coatue, Blackstone, Accel and 12 others
