Sierra Ventures Raises $265M Fund XIII

Sierra Ventures

Sierra Ventures, a San Mateo, CA-based venture capital firm, closed its 13th fund, at $265M.

Led by current Managing Partners Mark Fernandes, Tim Guleri, and Ben Yu, the firm has a disciplined model of right-sized funds to focus on being an early investor in B2B companies across North America at the Seed and Series A stages.

Sierra will continue its strategy of helping entrepreneurs scale their businesses with resources across product and go-to-market, executive recruiting, and fundraising. Additionally, its CXO Advisory Board of over 75 Fortune 1000 CIOs, CTOs, CMOs, and CISOs, now in its 18th year, has provided advice from over 75 F1000 technology executives to portfolio companies.

The firm has been the first investor in unicorns like Reify Health (Vertical SaaS) in Boston, Phenom (Enterprise Applications) in Philadelphia, and Astronomer (Infrastructure Software) in Cincinnati.

Sierra has over four decades of experience and over $2 billion of assets under management.

FinSMEs

13/09/2023