Venture capital firm
Sapphire Ventures portfolio
sapphireventures.comSapphire Ventures is a venture capital firm based in Austin, United States, founded in 2011. It has invested in 148 venture-backed companies across 240 funding rounds on VCMC, and led 89 of those rounds. 19 of them were in the last 12 months.
148
Venture-backed companies
in its portfolio on VCMC
240
Funding rounds
led 89
19
Last 12 months
rounds, Oct 2025 to Sep 2026
84
With a disclosed valuation
of 148 companies
$236.2B
Combined value of its private companies
the whole companies, not what Sapphire Ventures owns
133 private companies Sapphire Ventures has backed have a VCMC valuation; together they are worth $236.2B. That is the value of the whole companies, not what Sapphire Ventures owns. ElevenLabs is 9% of the total. 15 companies it backed have since been acquired and are not included. How VCMC values companies.
Values cover private companies only; public companies are not included.
Portfolio
Sapphire Ventures' most valuable portfolio companies
The 10 most valuable private companies Sapphire Ventures has backed, by VCMC's valuation. Values cover private companies only; public companies are not included.
- 1 ElevenLabs Tech Companies, London $22.1B range $19.1B – $27.8B Joined at Growth, 2026
- 2 Harvey Tech Companies, San Francisco $15.7B range $13.5B – $19.6B Joined at Growth, 2026
- 3 Cyera Tech Companies, New York $13.3B range $10.4B – $18.2B Led at Series D, 2024
- 4 Temporal Tech Companies, Bellevue $12.9B range $10.9B – $18.8B Joined at Series D, 2026
- 5 FalconX Financial Services, San Mateo $10.0B range $1.6B – $15.8B Led at Series C, 2021
- 6 Glean Tech Companies, San Francisco $10.0B range $6.1B – $11.5B Joined at Series E, 2024
- 7 Netskope Tech Companies, Santa Clara $7.7B range $1.1B – $11.1B Joined at Series E, 2017
- 8 Tech Companies, New York $7.3B range $6.2B – $10.6B Joined at Series C, 2025
- 9 Mercury Banks & ATMs, San Francisco $5.9B range $4.5B – $7.9B Joined at Series B, 2021
- 10 ThoughtSpot Tech Companies, Mountain View $5.5B range $3.6B – $6.4B Joined at Series D, 2018
Portfolio
Full Sapphire Ventures portfolio (148 companies)
148 companies. Load more shows the rest.
| # | Last round | History | Range | Trend | Grade | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Moveworks Tech Companies · led at Series B, 2019 | Growth Equity Dec 2025 $2.85B | $3.0B | $2.5B – $3.4B | $2.6B (-12%) | $278M | 44% | 661 | flat | A | |
| 2 | Cyera Tech Companies · led at Series D, 2024 | Series G Jun 2026 $600M | $13.3B | $10.4B – $18.2B | $15.8B (+19%) | $1.7B | 0% | 1,672 | growing | A | |
| 3 | Harvey Tech Companies · since Growth, 2026 | Growth Equity Sep 2026 $550M | $15.7B | $13.5B – $19.6B | $17.1B (+9%) | $1.5B | 0% | 1,847 | growing | A | |
| 4 | Netskope Tech Companies · since Series E, 2017 | Debt Jan 2023 $401M | $7.7B | $1.1B – $11.1B | $7.7B (0%) | $952M | 0% | 3,398 | up | D | |
| 5 | FalconX Financial Services · led at Series C, 2021 | Debt Aug 2026 $1.00B | $10.0B | $1.6B – $15.8B | $10.0B (0%) | $1.5B | 0% | 604 | up | D | |
| 6 | DataRobot Tech Companies · led at Series D, 2018 | Series G Jul 2021 $300M | $2.6B | $460M – $8.0B | $2.3B (-11%) | $855M | 48% | 868 | flat | D | |
| 7 | Temporal Tech Companies · since Series D, 2026 | Series E Sep 2026 $550M | $12.9B | $10.9B – $18.8B | $16.3B (+26%) | $1.8B | 0% | 610 | growing | A | |
| 8 | Kiavi Loans & Financing · since Series C, 2017 | Debt Aug 2025 $400M | $434M | $35.2M – $499M | $431M (-1%) | $57.9M | 0% | 475 | flat | D | |
| 9 | ElevenLabs Tech Companies · since Growth, 2026 | Growth Equity Sep 2026 $300M | $22.1B | $19.1B – $27.8B | $24.2B (+9%) | $2.4B | 0% | 1,425 | growing | A | |
| 10 | project44 Tech Companies · led at Growth, 2018 | Series F Nov 2022 $80M | $1.6B | $332M – $3.6B | $1.3B (-19%) | $361M | 40% | 810 | flat | D | |
| 11 | ThoughtSpot Tech Companies · since Series D, 2018 | Series G Oct 2025 $248M | $5.5B | $3.6B – $6.4B | $5.5B (0%) | $607M | 0% | 1,781 | flat | A | |
| 12 | Attentive Tech Companies · since Series D, 2020 | Other Jul 2022 $5.0M | $5.4B | $609M – $8.4B | $5.2B (-3%) | $1.0B | 17% | 1,557 | flat | D | |
| 13 | EliseAI Tech Companies · led at Series D, 2024 | Growth Equity Sep 2026 $350M | $4.0B | $3.5B – $5.1B | $4.4B (+10%) | $400M | 0% | 697 | growing | A | |
| 14 | Mercury Banks & ATMs · since Series B, 2021 | Series D May 2026 $200M | $5.9B | $4.5B – $7.9B | $6.9B (+18%) | $760M | 0% | 1,785 | growing | A | |
| 15 | Glean Tech Companies · since Series E, 2024 | Series F Jun 2025 $150M | $10.0B | $6.1B – $11.5B | $10.0B (0%) | $1.1B | 0% | 1,632 | up | B | |
| 16 | Current Banks & ATMs · since Series C, 2020 | Series E Jun 2026 $80M | $1.7B | $1.3B – $2.3B | $2.0B (+21%) | $223M | 0% | 510 | growing | A | |
| 17 | Verbit Tech Companies · led at Series C, 2020 | Series E Nov 2021 $250M | $1.7B | $177M – $2.6B | $1.6B (-6%) | $291M | 17% | – | flat | D | |
| 18 | BetterUp Professional & Management Training · since Series D, 2021 | Series E Oct 2021 $300M | $3.8B | $392M – $6.7B | $3.5B (-7%) | $765M | 15% | 2,704 | flat | D | |
| 19 | Tonal Fitness Equipment · since Series C, 2019 | Series F Apr 2023 $130M | $1.6B | $282M – $2.7B | $1.4B (-11%) | $264M | 12% | 409 | flat | D | |
| 20 | Highspot Tech Companies · since Series D, 2019 | Series F Jan 2022 $248M | $902M | $315M – $5.8B | $890M (-1%) | $501M | 97% | 825 | down | D | |
| 21 | Medable Tech Companies · led at Series C, 2020 | Series D Oct 2021 $304M | $1.1B | $158M – $2.6B | $1.1B (-5%) | $271M | 36% | 344 | flat | D | |
| 22 | Clari Tech Companies · led at Series D, 2019 | Series F Jan 2022 $225M | $537M | $228M – $1.5B | $526M (-2%) | $359M | 97% | 492 | shrinking | C | |
| 23 | Chargebee Tech Companies · led at Growth, 2022 | Series G Sep 2022 $125M | $1.2B | $144M – $2.0B | $1.1B (-7%) | $201M | 8% | 1,309 | flat | D | |
| 24 | Spring Health Psychologists & Counseling Services · since Seed, 2018 | Series E Jul 2024 $100M | $4.9B | $2.5B – $5.7B | $4.9B (-1%) | $541M | 0% | 3,898 | up | B | |
| 25 | Sword Health Health Care Services · led at Series D, 2021 | Growth Equity Jun 2025 $40M | $4.2B | $3.0B – $5.0B | $3.9B (-8%) | $405M | 23% | 1,180 | up | A | |
| 26 | Horizon3.ai Tech Companies · since Series E, 2026 | Series E Aug 2026 $250M | $2.1B | $1.7B – $3.2B | $2.7B (+28%) | $302M | 0% | 645 | growing | A | |
| 27 | Podium Tech Companies · since Series B, 2018 | Series D Nov 2021 $201M | $3.4B | $497M – $4.3B | $3.2B (-5%) | $459M | 0% | 1,637 | up | D | |
| 28 | Unbabel Translation Services · since Series B, 2018 | Series C Sep 2019 $60M | $112M | $31.5M – $525M | $112M (0%) | $65.7M | 80% | 658 | down | D | |
| 29 | Tech Companies · since Series D, 2021 | Series E Jan 2022 $200M | $1.4B | $367M – $5.7B | $1.4B (-5%) | $575M | 71% | 56 | down | D | |
| 30 | Tech Companies · since Series E, 2024 | Series E Nov 2024 $175M | $2.9B | $1.7B – $3.3B | $2.9B (0%) | $318M | 0% | 1,055 | up | B | |
| 31 | Tech Companies · since Series E, 2020 | Series F May 2021 $100M | $1.1B | $143M – $2.2B | $1.0B (-8%) | $247M | 28% | 357 | flat | D | |
| 32 | Tech Companies · since Series C, 2025 | Series D Sep 2026 $115M | $7.3B | $6.2B – $10.6B | $9.2B (+26%) | $1.0B | 0% | 1,540 | growing | A | |
| 33 | Tech Companies · led at Series C, 2025 | Series D Apr 2026 $150M | $3.2B | $2.4B – $4.3B | $3.7B (+17%) | $412M | 0% | 641 | growing | A | |
| 34 | Tech Companies · since Series D, 2019 | Acquisition Oct 2020 $3.20B | $1.9B acquired 2020 | $977M – $2.2B | – | – | 0% | – | unknown | B | |
| 35 | Tech Companies · led at Series D, 2026 | Series D Jan 2026 $200M | $2.8B | $1.9B – $3.4B | $3.0B (+7%) | $326M | 0% | 383 | growing | A | |
| 36 | Tech Companies · since Series D, 2021 | Growth Equity Jun 2021 $50M | $1.6B | $217M – $7.5B | $1.4B (-10%) | $248M | 89% | 1,707 | down | D | |
| 37 | Tech Companies · since Growth, 2023 | Growth Equity Aug 2023 $50M | $945M | $259M – $1.5B | $826M (-13%) | $127M | 23% | 292 | flat | C | |
| 38 | Tech Companies · since Series C, 2019 | Growth Equity Mar 2024 $60M | $545M | $334M – $1.2B | $326M (-40%) | $99.1M | 97% | 583 | down | C | |
| 39 | Tech Companies · led at Series C, 2026 | Series C Mar 2026 $100M | $2.5B | $1.7B – $3.2B | $2.8B (+12%) | $303M | 0% | 145 | growing | B | |
| 40 | Tech Companies · since Series C, 2022 | Series C Jan 2022 $100M | $1.0B | $106M – $1.8B | $985M (-5%) | $191M | 15% | 282 | flat | D | |
| 41 | Tech Companies · led at Series C, 2020 | Series D Sep 2024 $76M | $667M | $233M – $767M | $663M (-1%) | $73.4M | 0% | 337 | flat | B | |
| 42 | Tech Companies · led at Series C, 2022 | Series C Apr 2022 $95M | $521M | $63.9M – $1.3B | $475M (-9%) | $115M | 33% | 215 | down | D | |
| 43 | Tech Companies · led at Series D, 2025 | Series D Aug 2025 $122M | $914M | $503M – $1.3B | $914M (0%) | $101M | 0% | 179 | growing | B | |
| 44 | Tech Companies · since Series C, 2021 | Series C Sep 2021 $100M | $1.5B | $123M – $1.7B | $1.4B (-6%) | $202M | 0% | – | flat | D | |
| 45 | Tech Companies · led at Series C, 2018 | Series E Oct 2023 $51M | $478M | $109M – $1.2B | $378M (-21%) | $88.5M | 43% | 166 | down | D | |
| 46 | Tech Companies · led at Series C, 2015 | Series E Nov 2021 $65M | $271M | $45.8M – $1.2B | $265M (-2%) | $101M | 59% | 122 | down | D | |
| 47 | Tech Companies · led at Series C, 2025 | Series C Sep 2025 $92M | $1.1B | $625M – $1.6B | $1.1B (0%) | $126M | 0% | 400 | growing | B | |
| 48 | Tech Companies · since Series C, 2025 | Series C Oct 2025 $55M | $740M | $457M – $851M | $740M (0%) | $81.3M | 0% | 180 | growing | B | |
| 49 | Tech Companies · led at Series B, 2020 | Series C May 2021 $50M | $158M | $31.2M – $1.1B | $143M (-9%) | $63.3M | 89% | 132 | flat | D | |
| 50 | Motorcycle Dealers & Rentals · since Series C, 2023 | Series C Sep 2023 $50M | $613M | $295M – $870M | $613M (0%) | $82.3M | 0% | 1,518 | growing | B |
Valuation: VCMC's valuation with its range, from a low to a high scenario; a company with no valuation shows a dash, one acquired after its last round its last value as a private company.
Activity
How Sapphire Ventures invests: stages, industries and countries
Most of its rounds are Series C and later (71%). Its companies span 22 industries, most in Tech Companies, Payment Processing & Point of Sale and Data Solutions, across 13 countries.
Rounds by stage
- Seed 8
- Series A 19
- Series B 43
- Series C and later 170
Investments by industry
- Tech Companies 115
- Payment Processing & Point of Sale 6
- Data Solutions 3
- Banks & ATMs 2
- Hosting & Cloud Infrastructure Providers 2
- Professional & Management Training 2
- Psychologists & Counseling Services 2
- Software Development Services 2
Investments by country
- United States 125
- United Kingdom 7
- Germany 3
- Canada 2
- Finland 2
- Israel 2
Recent rounds
Sapphire Ventures' latest investments
Sapphire Ventures' most recent funding rounds, newest first. 19 rounds in the last 12 months.
- Series D, led $130M 22 Oct 2026
- ElevenLabs Growth $300M 30 Sep 2026
- EliseAI Growth $350M 29 Sep 2026
- Temporal Series E $550M 14 Sep 2026
- Harvey Growth $550M 9 Sep 2026
- Series B $300M 4 Sep 2026
- Horizon3.ai Series E $250M 3 Aug 2026
- Current Series E $80M 11 Jun 2026
- Cyera Series G $600M 10 Jun 2026
- Mercury Series D $200M 20 May 2026
Co-investors
Sapphire Ventures' top co-investors
The investors that most often join the same rounds as Sapphire Ventures. Lightspeed Venture Partners leads, with 33 rounds together.
- Lightspeed Venture Partners 33 rounds together
- Insight Partners 24 rounds together
- Sequoia Capital 23 rounds together
- Accel 23 rounds together
- Salesforce Ventures 21 rounds together
- Andreessen Horowitz 18 rounds together
- Tiger Global 16 rounds together
- Meritech Capital 15 rounds together
- Coatue 15 rounds together
- Y Combinator 15 rounds together
About
About Sapphire Ventures
Sapphire Ventures, LLC is an American venture capital firm engaged in direct investments in enterprise software companies and technology firms. The company operates globally, with offices in the United States, Europe, and Israel, and is involved in investing in early-stage venture fund managers. Sapphire Ventures also provides advisory services, growth acceleration, and talent introductions to its portfolio companies, and is engaged in community-building initiatives for portfolio company CEOs and industry leaders.
Description from Veridion's company data.
- Founded
- 2011
- Based in
- Austin, United States
- Team
- 192 people, +1% in a year
- Type
- Venture capital firm
Focus markets
- Enterprise Software
- Technology
- Sports and Entertainment
What Sapphire Ventures offers
- Enterprise Software Venture Capital Investment
- Growth Stage Technology Company Investment
- Early-Stage Venture Fund Investment
- AI and Cloud-Native Company Investment
- Portfolio Company Growth Advisory Services
- Startup Talent Introduction Services
- Venture Capital Insights Dissemination
- Portfolio Company Community Building Services
Questions
Sapphire Ventures: frequently asked questions
How many companies has Sapphire Ventures invested in?
148 venture-backed companies on VCMC, across 240 funding rounds.
What are Sapphire Ventures' most valuable private companies?
ElevenLabs ($22.1B), Harvey ($15.7B), Cyera ($13.3B), by VCMC's valuation.
What was Sapphire Ventures' latest investment?
Tractian, a Series D round in Oct 2026 of $130M, which Sapphire Ventures led.
Which stages does Sapphire Ventures invest in?
Sapphire Ventures invests most often at Series C and later (170 rounds), followed by Series B (43) and Series A (19). It has also joined 8 seed rounds.
What is Sapphire Ventures' portfolio worth?
Its private companies with a VCMC valuation are worth $236.2B together. That is the sum of the companies' values, not what Sapphire Ventures owns.
Who does Sapphire Ventures invest alongside?
Lightspeed Venture Partners (33 rounds), Insight Partners (24 rounds), Sequoia Capital (23 rounds).