Sapphire’s new $1 billion capital commitment comes on the heels of a strong track record of exits since early 2011, when the firm spun out of global technology leader SAP SE (NYSE:SAP) to become an independent venture capital firm owned and operated by its partners. Sapphire has seen 38 exits in its portfolio, including 15 IPOs and 23 mergers and acquisitions. The firm has been among the top five most active VC investors in U.S.-based tech companies that have completed an IPO. In 2015, Sapphire led U.S. venture firms in total number of IPOs with four of its portfolio companies going public – Apigee, Box, Fitbit and Square.
“Sapphire’s focus remains unchanged – to back extraordinary entrepreneurs globally and help them build industry-leading businesses,” said Nino Marakovic, CEO and managing director of Sapphire Ventures. “In today’s rapidly changing marketplace, high-growth startups need the support of experienced, focused and deep-pocketed investors in order to stay competitive. Sapphire is better poised than ever to be this kind of partner for our portfolio companies.”
To learn more about Sapphire Ventures, please visit www.sapphireventures.com.
Sapphire Ventures is a venture capital firm focused on helping innovative technology companies become global category leaders. Leveraging nearly two decades of experience and an extensive global enterprise network, Sapphire Ventures invests capital, resources and expertise to enable its portfolio companies to scale rapidly. Whether entrepreneurs sell to businesses, consumers or both, Sapphire Ventures offers a powerful platform for business development and operational excellence to help them accelerate growth. With over $2.4 billion under management via direct growth investments and early-stage fund investments, Sapphire Ventures is positioned to elevate companies to the global stage. Find us in Palo Alto and London and at www.sapphireventures.com. Follow us @sapphirevc.
Venture pulse Q&A:
The fund will go toward both a growth fund that invests directly in expansion-stage startups (mainly in the enterprise space), as well as early-stage, tech-focused VC funds.
2.What are the Objectives of the fund ?
The fund lays the groundwork for Sapphire to continue growing, expanding, and working with the most innovative companies in the world.
3.what domain are they focusing on to invest?
Our deep history and continued relationship with SAP means that we’re uniquely positioned and well-versed in enterprise companies, so we focus the majority of our investments on enterprise technology.
Statement about Sapphire’s RIA status
1. Sapphire Ventures is a Registered Investment Adviser (RIA), due to the fact that we have a fund investment business.
a. Most of our peers are not registered advisers
b. Because Sapphire Ventures is an RIA and our private funds are exempt from public offering we cannot not publicly disclose or discuss the terms of our various funds. Additional information about Sapphire Ventures is also available on the SEC’s website at www.adviserinfo.sec.gov.
2. Collectively, Sapphire manages over $2.4 billion in assets.
a. Any additional information that you seek, including the size and entity names of our various funds, may be available in our public filings with the SEC, such as our Form ADV and forms filed under Reg D.
b. With respect to the new capital that we have raised in the amount of $1 billion, we plan to file forms publicly on or around September 13, 2016, which will then include up to date information.
|Date||Fund Name||Funding Amount|
|May 16, 2013||SAP HANA Real-Time Fund||$405M|
|SAP Ventures Fund II||$651M|
|Jan 1, 2011||SAP Ventures Fund I||$353M|