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
Portfolio companies2
- CompanyOnebriefSoftware for military operational planning and staff collaboration, integrating fragmented staff processes into one workspace with AI co-planning and AI-driven wargaming; deployed across US military headquarters.
- CompanyDefense UnicornsUS software company building DoD-accredited, air-gap-capable software delivery platforms for the Department of War.
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
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