Sapphire Ventures
Austin-based expansion-stage fund (formerly SAP Ventures) backing enterprise AI and software companies with product-market fit, including a growing defense-tech thesis.
Sapphire Ventures was founded in 1996 as SAP Ventures, the venture arm of SAP SE, becoming an independent firm in 2011 and rebranding as Sapphire Ventures in 2014. The firm partners with expansion-stage enterprise software and AI companies from Series B through pre-IPO growth rounds, operating out of Menlo Park, San Francisco, Austin, and London, and has built a defense-tech thesis backing national-security software companies including Onebrief.
Overview
- Firm
- Sapphire Ventures, LLC
- Headquarters
- Austin, Texas, USA
- Founded
- 1996
- AUM
- $10B+ (Growth Strategy, as of 2024)
- Avg. check
- $5M–$50M
- Stages
- Series B, Growth, Pre-IPO
- Thesis
- Expansion-stage enterprise AI and software companies with product-market fit; growing defense-tech thesis
Partners0
No linked records yet.
Frequently asked
- What is Sapphire Ventures?
- Expansion-stage enterprise AI and software companies with product-market fit; growing defense-tech thesis
- How much does Sapphire Ventures manage?
- Sapphire Ventures manages $10B+ (Growth Strategy, as of 2024) in assets, and was founded in 1996.
- What stages does Sapphire Ventures invest at?
- Sapphire Ventures invests at Series B, Growth, Pre-IPO, with typical checks of $5M–$50M.
Sources & citations2
Each claim links to its underlying source. Confidence reflects how directly the source supports the claim.
- 1
Sapphire Ventures (originally SAP Ventures, independent since 2011) co-led Onebrief's $200M Series D alongside Battery Ventures, publishing its own investment thesis on the deal
Sapphire Ventures: The Ultimate Command Operating System for Global Defense: Why We're Excited to Co-Lead Onebrief's $200M Series DVerified2026-01-13 - 2
Sapphire Ventures, founded 1996 as SAP Ventures and independent since 2011 (rebranded 2014), partners with expansion-stage enterprise software/AI companies Series B through pre-IPO; offices in Menlo Park, San Francisco, Austin, and London
Sapphire Ventures: Sapphire Ventures — TeamVerified2026-07-20