Sapphire Ventures, a Palo Alto, Calif.-based venture capital firm, raised $1.7 billion across multiple funds.
The new capital, which Sapphire has already started to invest out of, will primarily be used to ramp up the firm’s investments in Series B through IPO enterprise technology companies in the U.S., Europe and Israel.
Led by Nino Marakovic, CEO and Partner, Rami Branitzky, Partner and Head of Portfolio Growth, Sapphire Ventures is a venture capital firm that partners with visionary teams and venture funds to build companies of consequence. For nearly two decades, the firm has been investing capital, resources and expertise in innovative startups and technology-focused venture funds around the world. It has more than $5.7B in AUM across Sapphire Ventures, Sapphire Partners and Sapphire Sport, and team members in Austin, London, Palo Alto and San Francisco.
Since 2011, the firm has invested in more than 120 startups and has had 65 exits, including 23 IPOs and 42 acquisitions.
From January 1, 2020 to December 31, 2020, Sapphire invested and committed more than $970m across 48 companies and venture funds. In addition, two of Sapphire’s portfolio companies, JFrog (NASDAQ: FROG) and Sumo Logic (NASDAQ: SUMO), held an IPO on the Nasdaq. Six were acquired, including AllyO acquired by HireVue, Localytics acquired by Upland Software, PortWorx acquired by Pure Storage, Retail Solutions acquired by IRI and Segment acquired by Twilio.