M12, Microsoft's venture capital arm, invests in early-stage technology companies (typically Series A and B) that align with Microsoft's strategic priorities, including deep tech, AI, cloud infrastructure, cybersecurity, developer tools, enterprise applications, Web3, and gaming. Their strategy involves providing capital, strategic guidance, and access to Microsoft's extensive resources and network to help portfolio companies scale and achieve growth.
Average disclosed round size is $288.5M (across 177 rounds with reported amounts).
Portfolio
203
Fund Size
$5B
Top Stage
Series A
Last 12 Mo
25
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
203 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| NNeuBird AI | Series A | $19.3M | Apr 2026 |
| LLace Lithography | Series A | $40M | Mar 2026 |
 Didero | Series A | $30M | Feb 2026 |
| EEntire | Seed | $60M | Feb 2026 |
 Databricks | Growth | $5B | Feb 2026 |
 Neurophos | Series A | $110M | Jan 2026 |
 Cloudforce | Series A | $10M | Jan 2026 |
| PPhotonic Inc. | Growth | $131M | Jan 2026 |
 etalytics | Series A | $16M | Dec 2025 |
 Outset | Series B | $30M | Dec 2025 |
| LLace Lithography | Series A | $72M | Dec 2025 |
 Flywheel | Series B | $27.5M | Dec 2025 |
 Anthropic | Growth | — | Nov 2025 |
 d-Matrix | Series C | $275M | Nov 2025 |
 Inception | Seed | $50M | Nov 2025 |
 Sola Security | Series A | $35M | Oct 2025 |
| etalytics | Series A | $16M | Oct 2025 |
 Fortera | Unknown | — | Sep 2025 |
| Sola Security | Series A | $35M | Sep 2025 |
| GGroup14 | Series D | $463M | Aug 2025 |
 Reach Security | Series A | $10M | Jul 2025 |
| AArmada | Series D | $131M | Jul 2025 |
 Eventual | Series A | $20M | Jun 2025 |
 Upscale AI | Seed | $5.5M | May 2025 |
 Ox Security | Series B | $60M | May 2025 |
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Top Co-Investors
Nvidia13 shared
Lightspeed Venture Partners13 shared
Salesforce12 shared
Andreessen Horowitz11 shared
GV (Google Ventures)11 shared
Tiger Global Management9 shared
SoftBank Vision Fund9 shared
Madrona Venture Group8 shared
Menlo Ventures7 shared
Intel Capital6 shared
Insight Partners6 shared
Mayfield Fund6 shared
Capital One Ventures6 shared
Sequoia Capital5 shared
Dragoneer Investment Group5 shared
Green Bay Ventures5 shared
Cisco Investments5 shared
OMERS Ventures5 shared
Khosla Ventures5 shared
Vertex Growth Fund5 shared
Last updated: 10 April 2026