Sapphire Ventures
Est. dry powder
$1.4B
Raised, not yet invested
AUM
$11.3B
Assets under management
Latest fund
$115M
Sapphire Sport
Est. cheque size
$1.2M–
From fund sizes
Deals, last 12 months
24
Last seen investing Oct 2026
About Sapphire Ventures
Sapphire Ventures is a U.S.-based private equity fund-of-funds firm that focuses on early-stage, startup, and expansion-stage investments in technology, artificial intelligence, cybersecurity, machine learning, and SaaS companies globally, particularly across the United States, Europe, and Israel. Sapphire Ventures changed its name from SAP Ventures in 2014 and is the former corporate investment arm of SAP.
- Type
- Private Equity Fund of Funds Manager
- Headquarters
- Menlo Park, California, US
- Stages
- SeedSeries ASeries BSeries CSeries DSeries ESeries FSeries G+4
- Est. cheque size
- $1.2M–$10M
- Sectors
- Consumer Discretionary, Information Technology, Diversified
- Regions
- North America
- Strategies
- Pre-Seed, Seed, Series A, Growth
Where they invest
From deals and portfolio companies on record
Most frequent rounds
- Series C101
- Series D91
- Series B61
- Series E57
- Series A39
Across 447 deals
Portfolio sectors
- Software75
- Financial Services7
- IT Security/Cybersecurity5
- Healthcare IT3
- Education/Training2
Across 250 companies
Portfolio countries
- US84
- Canada4
- UK3
- Australia2
- Germany2
Across 250 companies
Recent investments
Newest 5 of 447
- Series A—
Reactor Technologies, Inc.
Oct 2026 · Series A
- Unspecified Round$300M
Eleven Labs Inc.
Sep 2026 · Unspecified Round
- Series F$350M
EliseAI
Sep 2026 · Series F
- Series E$550M
Temporal Technologies Inc.
Sep 2026 · Series E
- Series H$550M
Harvey AI Corporation
Sep 2026 · Series H
Offices
5 locations
- Menlo Park, California, USHQ
- San Francisco, California, US
- Menlo Park, California, US
- Austin, Texas, US
- London, England, UK
Questions about Sapphire Ventures
How much does Sapphire Ventures invest per deal?
Based on the size of its funds, Sapphire Ventures writes estimated cheques of $1.2M–$10M. Lead cheques usually sit at the top of that range and follow-on cheques lower.
What stages does Sapphire Ventures invest in?
Sapphire Ventures has invested at Seed, Series A, Series B, Series C, Series D and Series E. Its most frequent rounds on record are Series C, Series D and Series B.
How much capital does Sapphire Ventures have left to invest?
Sapphire Ventures has an estimated $1.4B in dry powder: capital it has raised but not yet invested.