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M12

Microsoft's corporate venture capital fund, backing early-stage AI, cybersecurity, and enterprise deep-tech startups strategically aligned with Microsoft.

M12 is Microsoft's corporate venture capital arm, investing in early- and growth-stage startups whose technology aligns with Microsoft's strategic priorities - AI, cloud infrastructure, cybersecurity, developer tools, and enterprise SaaS, with selective bets in autonomous systems. Beyond capital, M12 offers portfolio companies access to Microsoft's product teams, customer network, and go-to-market resources; fund-specific AUM is not disclosed. Founded in 2016 as 'Microsoft Ventures' and rebranded to M12 in April 2018 to avoid confusion with the separately-run Microsoft Accelerator program. Led by Michelle Gonzalez (Corporate VP and Global Head of M12), with Managing Partners Cheryl Cheng, Todd Graham, Peter Lenke, and Michael Stewart.

Overview

Firm
M12
Headquarters
San Francisco, CA
Founded
2016
AUM
not disclosed
Stages
Thesis
Investing in early- and growth-stage startups whose technology aligns with Microsoft's strategic priorities — AI, cloud infrastructure, cybersecurity, developer tools, and enterprise SaaS.

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Sources & citations1

Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.

  1. 1

    M12, Microsoft's venture fund, participated in Sola Security's $35M Series A alongside a cooperation agreement with Microsoft

    SiliconANGLE: Cybersecurity startup Sola Security closes $35M round backed by Microsoft
    Verified2025-09-04