
M12, Microsoft's Venture Fund, invests in early-stage technology companies that are disrupting the enterprise sector. Their strategy focuses on areas aligned with Microsoft's strategic priorities, including deep tech and AI, cloud infrastructure, cybersecurity, enterprise applications, developer tools, and selectively in Web3 and gaming.
33% of their portfolio is in Enterprise Software. Their most common stage is series-b (50% of deals). Average disclosed round size is $47.9M (across 6 rounds with reported amounts).
Portfolio
6
Fund Size
—
Top Stage
Series B
Last 12 Mo
0
Team
PM
Priyanka Mitra
Principal
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
6 investments
| Company | Round | Amount | Date |
|---|---|---|---|
| Series D | $200M | Jul 2021 | |
| Series B | $30M | Jun 2020 | |
| Seed | $8M | — | |
| Series B | $23M | — | |
| Series B | $16.5M | — | |
| Series A | $10M | — |
Top Co-Investors
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Salesforce1 shared
Blue Cloud Ventures1 shared
Madrona Venture Group1 shared
TEN131 shared
83North1 shared
Next471 shared
SignalFire1 shared
A.Capital Ventures1 shared
GGV Capital1 shared
Floodgate1 shared
Battery Ventures1 shared
LGVP1 shared
Artisanal Ventures1 shared
Last updated: 5 March 2026