Sapphire Ventures is a venture capital firm originally founded in 1996 as SAP Ventures, the corporate venture arm of SAP SE. It spun out as an independent firm in 2011 and was rebranded as Sapphire Ventures in 2014, investing in expansion-stage enterprise technology and Enterprise AI companies with over $10B in AUM.
Deal activity increased 64% year-over-year (18 deals in the last 12 months). Average disclosed round size is $93.2M (across 254 rounds with reported amounts).
Portfolio
154
Fund Size
—
Top Stage
Series C
Last 12 Mo
18
Team
DH
David Hartwig
Operating Partner
JD
Jai Das
Partner, President
KB
Kevin Burke
Partner, Strategy
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
289 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 UJET | Series D | $76M | Sep 2026 |
 Mercury | Series B | $120M | May 2026 |
 Upvest GmbH | Series D | — | Mar 2026 |
 Hightouch | Series D | $150M | Mar 2026 |
 Temporal | Series D | — | Feb 2026 |
 GitGuardian | Series C | $50M | Feb 2026 |
 Bretton AI | Series B | $75M | Feb 2026 |
 Defense Unicorns | Series B | $136M | Jan 2026 |
 Rain | Series C | $250M | Jan 2026 |
 Rain | Series C | $250M | Jan 2026 |
 Rain Financial | Series C | $250M | Jan 2026 |
 Rain | Series C | $250M | Jan 2026 |
 Rain | Series C | $250M | Jan 2026 |
 Cyera | Series F | — | Jan 2026 |
 LangChain | Series C | — | Oct 2025 |
 Anrok | Series C | — | Oct 2025 |
 Feedzai | Series C | $75M | Oct 2025 |
 WeTravel | Series C | — | Sep 2025 |
| Rain | Series B | — | Sep 2025 |
| Rain | Series B | $58M | Aug 2025 |
| Rain | Series B | — | Aug 2025 |
 Clay | Series C | $100M | Aug 2025 |
 Blue J | Series D | — | Aug 2025 |
 Unmind | Series C | $30.6M | Jul 2025 |
| Cyera | Series E | — | Jun 2025 |
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Top Co-Investors
Meritech Capital34 shared
Sequoia Capital34 shared
Salesforce Ventures30 shared
Lightspeed Venture Partners28 shared
Tiger Global Management, LLC27 shared
Insight Partners27 shared
Battery Ventures25 shared
General Catalyst23 shared
Accel20 shared
Bain Capital Ventures20 shared
Scale Venture Partners19 shared
Iconiq Capital, LLC18 shared
Y Combinator17 shared
Norwest Venture Partners17 shared
B Capital16 shared
Mayfield Fund16 shared
Bessemer Venture Partners15 shared
Samsung Next14 shared
Geodesic Capital13 shared
Kleiner Perkins13 shared
Last updated: 7 October 2026