About Sierra Ventures
Sierra Ventures is a venture capital firm founded in 1982. It is primarily based out of San Mateo, United States. As of Apr 2026, Sierra Ventures is an active investor, having invested in 243 companies, with 10 new investments in the last 12 months. It primarily invests in Series A round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Retail. Most recently it participated in the $***** Seed round of Band Overall, Sierra Ventures portfolio has seen 7 unicorns, 10 IPOs and 105 acquisitions including key companies like MakeMyTrip, Intuit and Intuitive. A lot of funds co-invest with Sierra Ventures, with names like Gokul Rajaram sharing a substantial percentage of its portfolio. Sierra Ventures has team of 14 people including 7 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series A, Seed & 7 more
Portfolio IPOs
Portfolio Soonicorns
Sierra Ventures' List of Top Investments
Sierra Ventures has a portfolio of 243 companies, including 7 unicorns. Their most notable investments are in revalia bio and Astra Global.Their portfolio spans across United States, China, India and 12 more locations. They have invested in Enterprise Applications, High Tech, Retail and 27 other sectors, across stages such as Series A, Seed and 7 more. Here is the list of top investments by Sierra Ventures:1. MakeMyTrip
Online travel platform offering booking services. It offers platform for booking and managing various travel arrangements, including flights, hotels, and packages, serving customers.
Key facts about MakeMyTrip
- Founded Year: 2000
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Stage: Public
- Total Funding till date: $39M
- Employee Count: 7,520 as on Jun 30, 2026
- Investors: Helion Venture Partners, Naspers and 11 Others
- Latest Funding Round: Post IPO, Jun 17, 2025, $*****
- Highlight: Public
2. Intuit
Provider of financial, accounting, tax preparation, and marketing automation software. It develops and distributes software and online services for individuals, small businesses, and accounting professionals. The company offers tools for tax preparation, financial management, payroll processing, online payments, invoicing, time tracking, and marketing campaigns. It also provides access to credit scores, credit cards, and loans. The company connects small businesses with bookkeepers and tax experts.
Key facts about Intuit
- Founded Year: 1983
- Location: Mountain View (United States)
- Annual Revenue: $1B+ as on Jul 31, 2025
- Stage: Public
- Employee Count: 18,356 as on Jun 30, 2026
- Investors: Alcor Fund, Shasta Ventures and 25 Others
- Latest Funding Round: Grant (prize money), Nov 01, 2020, $*****
- Highlight: Public
3. Intuitive
Developer of robotic-assisted surgical systems. It offer Vinci Surgical System that is used in minimally invasive surgical procedures across various medical specialties, including urology, gynecology, general surgery, and cardiothoracic surgery.
Key facts about Intuitive
- Founded Year: 1995
- Location: Sunnyvale (United States)
- Annual Revenue: $1B+ as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $17M
- Employee Count: 12,895 as on May 31, 2026
- Investors: Gershon Capital, Triodos Investment Management and 11 Others
- Latest Funding Round: PE, 1999, $*****
- Highlight: Public
4. Gemini
Platform offering crypto exchange solutions. It allows users to buy, sell, and trade digital assets including crypto and NFTs. It allows users to exchange digital currencies through electronic trading tools. The app is available on iOS and Android devices.
Key facts about Gemini
- Founded Year: 2014
- Location: New York City (United States)
- Stage: Public
- Total Funding till date: $424M
- Employee Count: 1,805 as on Jun 30, 2026
- Investors: RAA Capital, Smile Group and 28 Others
- Latest Funding Round: Series A, Nov 18, 2021, $*****
- Highlight: Public
5. Zeta Global
Provider of an AI-powered marketing platform unifying data and marketing channels. The platform offers customer data management, omnichannel activation, and analytics. It facilitates customer experience, acquisition, and campaign execution across paid channels. The platform also provides customer messaging and attribution capabilities.
Key facts about Zeta Global
- Founded Year: 2007
- Location: New York City (United States)
- Annual Revenue: $1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $358M
- Employee Count: 2,991 as on May 31, 2026
- Investors: HTIF, Savano Capital Partners and 15 Others
- Latest Funding Round: Conventional Debt, Mar 01, 2021, $*****
- Highlight: Public
Sierra Ventures' Year-on-Year Investment Trends
Sierra Ventures has invested in 243 companies over the last 30 years, with an average of 8 new investments annually in the last 10 years. In 2025, it made 14 investments, while as of Apr 2026, it has made 5 investments in this year. Its most recent first time investment was in Band and most recent follow-on round was in ArmorCode.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 1 | 5 |
2025 | 8 | 6 | 14 |
2024 | 6 | 3 | 9 |
2023 | 6 | 7 | 13 |
2022 | 6 | 13 | 19 |
2021 | 16 | 15 | 31 |
2020 | 13 | 6 | 19 |
2019 | 8 | 3 | 11 |
2018 | 5 | 6 | 11 |
2017 | 6 | 2 | 8 |
Sierra Ventures' Investments by Stage
Sierra Ventures has made 72 investments in Series A stage with an average round size of $11.2M, 51 investments in Seed stage with an average round size of $5.64M and 38 investments in Series B stage with an average round size of $13M.Stage of entry | No. of Investments |
|---|---|
Series A | 72 |
Seed | 51 |
Series B | 38 |
Series C | 22 |
Series D | 4 |
Others | 5 |
Note: We have considered here, only first round of investments
Sierra Ventures' Investments by Sector
Sierra Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, High Tech, Vertical SaaS and FinTech. Notably, it has invested in 209 Tech companies, 197 Enterprise (B2B) companies, 168 Software companies and at least 90 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 128 |
Enterprise Infrastructure | 47 |
High Tech | 39 |
Vertical SaaS | 25 |
FinTech | 20 |
Others | 156 |
Note: We have considered here, only first round of investments
Sierra Ventures' Investments by Geography
Sierra Ventures has made most investments in United States (162), followed by China where it has made 7 investments.Country | No. of Investments |
|---|---|
United States | 162 |
China | 7 |
India | 7 |
Canada | 4 |
Israel | 3 |
Others | 9 |
Note: We have considered here, only first round of investments
Sierra Ventures' recent investments
Sierra Ventures has made 5 investments in 2026 so far. Band and Gitar are the latest among them.Here are the most recent investments by Sierra Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Apr 23, 2026 | - | Seed | 1059 | [+1] | |
Apr 15, 2026 | United States | Series A | 6292 | ||
Mar 31, 2026 | United States | Seed | 5308 | [+5] | |
Mar 03, 2026 | United States | Series B | 2114 | [+6] | |
Feb 04, 2026 | United States | Seed | 4973 | [+1] |
Unicorns in Sierra Ventures' Portfolio
Sierra Ventures has 7 unicorns in its portfolio - Enable, Fabric, Reify Health and others. The most recent unicorn in their portfolio is Enable. It became a unicorn in 2023, 3 years after Sierra Ventures first invested in it.Here is a list of unicorns in Sierra Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
65 | Provider of rebate management software for pricing and commercial strategies | 2016 | San Francisco | Series D | ypdrcby | ||
51 | E-commerce and channel sales management platform | 2017 | Bellevue | Series C | tpcoxzd | ||
46 | Mobile health platform for doctors to manage clinical trials | 2012 | Boston | Series D | ocmkiyk | ||
74 | Provider of point-of-sale terminals and digital payment solutions for businesses | 2012 | Mexico City | Series E | jwwwdts | ||
65 | Provides talent experience management platform | 2010 | Ambler | Series D | erlcpe{ |
IPOs and Publicly Listed companies in Sierra Ventures' Portfolio
10 of Sierra Ventures' portfolio companies have become public. Gemini got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ), in Sep 2025 at marketcap of $1.22B and Zeta Global got listed on the New York Stock Exchange (NYSE) at marketcap of $1.91B.Here are Sierra Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 12, 2025 | - | - | 4212 | |
Jun 10, 2021 | - | - | 8742 | |
Aug 21, 2020 | Jul 06, 2006 | Series C | 8191 | |
Oct 05, 2018 | - | - | 1526 | |
Jul 29, 2014 | - | - | 9675 |
Acquired companies in Sierra Ventures' Portfolio
105 companies from Sierra Ventures' portfolio have been acquired. The most recent acquisition was Gitar in May 2026 by Sonar for $*****.Here are Sierra Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
May 21, 2026 | Apr 15, 2026 | Series A | 6204 | |
Feb 12, 2026 | Dec 18, 2024 | Series A | 2676 | |
Oct 14, 2025 | Jan 11, 2023 | Series A | 6362 | |
Jun 10, 2025 | May 22, 2014 | Series A | 1011 | |
Jan 22, 2024 | Mar 01, 2022 | Seed | 4321 |
Team profile of Sierra Ventures
Sierra Ventures has a team of 14 members including 7 Partners and 1 Principal located in United States. Sierra Ventures' team sits on the board of 3 companies.Here is a list of top team members in Sierra Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | |||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Francisco | - | ||
Partner | San Mateo | - | ||
Partner | - | - | ||
Partner | San Francisco | - | ||
Principal | San Francisco | - |
Co-investors of Sierra Ventures
Over the past 30 years, 1015 investors have co-invested in Sierra Ventures's portfolio companies. This includes funds and angels.
- Invested before Sierra Ventures: AngelPad, Y Combinator and 258 others have invested in rounds before Sierra Ventures. There are 7 companies where AngelPad has invested before Sierra Ventures and 5 companies where Y Combinator has invested before Sierra Ventures.
- Top Co-investors of Sierra Ventures: 398 investors entered a company along with Sierra Ventures. These include investors like Gokul Rajaram (4 companies).
- Invested after Sierra Ventures: A total of 357 investors have invested in Sierra Ventures's portfolio after their investments. Top Investors include SVB (7 companies), Goldman Sachs (5 companies) and EDBI (4 companies).
Recent News related to Sierra Ventures
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Phosio has raised $4 Million in new fundingintelligence360•Jun 19, 2026•Phosio, Silicon Catalyst, Sierra Ventures, Tel Venture Capital and 1 other
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Phosio Raises $4 Million Seed Round to Bring Affordable AR/AI Glasses to Mass MarketBusiness Wire•Jun 02, 2026•Silicon Catalyst, Phosio, Silicon Catalyst Angels, Willamette Valley Capital and 3 others
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BAND Secures $17M Seed Funding to Pioneer AI Agent Interaction LayerBEAMSTART•Apr 24, 2026•Band, Hetz Ventures, Team8, Sierra Ventures
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ArmorCode Raises $16M in New Strategic Funding RoundMassinvestor•Mar 03, 2026•ArmorCode, Cheyenne Ventures, Highland Capital Management, Ballistic Ventures and 5 others
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ArmorCode Doubles Growth, Boosts AI Security Governance with New Funding and Board AppointmentBusiness Wire•Mar 03, 2026•ArmorCode, Highland Capital Management, Ballistic Ventures, Harmonic and 5 others
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Expert Intelligence Raises $5.8 Million in Seed Roundsvdaily.com•Feb 05, 2026•Expert Intelligence, TSVC, Acorn Pacific Ventures, Sierra Ventures
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Expert Intelligence Raises $4.7M to Automate Lab Decision-MakingSiliconAngle•Feb 04, 2026•Expert Intelligence, Pacific Ventures Group, TSVC, Sierra Ventures and 1 other
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