Organization · Venture Capital
Sapphire Ventures
Sapphire Ventures is a global venture capital firm that focuses on expansion-stage investments in enterprise software companies. Established in 2011, it operates offices in the U.S. and London.
Overview
What Sapphire Ventures does
What Sapphire Ventures is
Sapphire Ventures is a global venture capital firm that focuses on expansion-stage investments in enterprise software companies. Established in 2011, it operates offices in the U.S. and London.
How it participates in the startup ecosystem
The current public profile supports funder and publisher capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.
Operational profile
Organization status and context
Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.
- Operational status
- Active
- Organization type
- Venture Capital
- Founded
- Founded in 2011
- Approximate age
- About 15 years
- Structured capabilities
- Funder · Publisher
- Last reviewed
- March 16, 2026
Official channels
Find Sapphire Ventures elsewhere
Open the official website or a supported primary organization account.
Capability profile
Sapphire Ventures as a funder
Investment thesis
Invests in high-growth expansion-stage enterprise technology companies, with $1B+ committed to AI-powered enterprise startups across the full AI stack. Three strategies: direct growth, fund-of-funds, and sports tech.
Focus narrative
Sapphire focuses on high-growth, expansion-stage enterprise technology companies across B2B SaaS, cybersecurity, data & analytics, DevOps, fintech, healthtech, and vertical SaaS. The firm has committed $1B+ to AI-powered enterprise technology startups, targeting the full AI stack from foundation models to AI-native applications. Primarily invests Series B through IPO.
Value beyond capital
Sapphire provides a Portfolio Growth team of experienced operators delivering strategic value-add services, tools, and resources for scaling. The firm's 20+ year enterprise software heritage (originally SAP's venture arm) provides deep enterprise networks and go-to-market expertise. Three distinct strategies allow portfolio companies to benefit from cross-pollination across direct investing, fund-of-funds relationships, and sports/entertainment connections.
Terms and economics
- Typical check
- $2,000,000–$30,000,000
- Sweet spot
- $15,000,000
Focus and fit
- Stages
- Series B · Series C · Growth Equity
- Regions
- EuropeNorth America
Availability
- Currently deploying
- Yes
Portfolio and track record
- Recorded portfolio count
- 226
- Investments in the last 12 months
- 16
- Last recorded investment
- February 1, 2026
- Recorded notable exits
- Square
Portfolio context
226 companies invested over 24 years with 19 IPOs and 121 total exits. Notable portfolio includes LinkedIn, DocuSign, Box, Square (Block), MuleSoft, Fitbit, Monday.com, Alteryx, Auth0, Looker, Wise, Livongo, and 23andMe. Recent highlights include Netskope NASDAQ IPO (Sep 2025), Constructor ($550M valuation), Onebrief ($200M Series D), Temporal, and GitGuardian.
Capability profile
Sapphire Ventures as a publisher
Editorial focus
Sapphire Ventures invests primarily in expansion-stage companies within the enterprise software sector. The firm targets companies that are positioned to scale and achieve significant market impact. Their investment strategy includes a focus on sectors such as DevOps, security, business applications, infrastructure, data/AI, and vertical SaaS.
Audience value
Sapphire Ventures provides operational support, talent acquisition, and market access to help portfolio companies scale effectively, along with strategic insights through their limited partner initiative.
Format and cadence
- Content formats
- blog
- Primary platform
- sapphireventures.com
Availability
- Guest pitch state
- Not currently accepting
Audience and focus
- Audience
- Investors · Founders
- Regions
- Europe · Global · North America
Flagship work and coverage
Flagship properties
Sapphire Ventures produces various content to share insights and updates, including OpenLP, a platform that curates resources and insights for GPs, LPs, and entrepreneurs in the venture capital ecosystem, and a blog with regular posts covering industry trends, investment insights, and company highlights.
Common questions
What to know about Sapphire Ventures
Upseed classifies Sapphire Ventures under the Venture Capital organization type. Its current public profile includes funder and publisher capabilities.
Source and update disclosure
Know what this page is based on
Source basis
Public organization and program material, official websites, and structured Upseed records.
Last reviewed
March 16, 2026
Known limits
Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.
Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.