Two new funds from the company will inject $2 billion of capital into growth-stage enterprise companies.
The new funding is the largest raise to date for the venture capital firm, giving it more than $8 billion in assets under management with team members across Austin, London, New York, Palo Alto and San Francisco.
In the last year, Sapphire has brought in over 3 billion dollars in capital, which includes a separate $1.7 billion announcement in February.
The CEO of the company is Nino Marakovic. The image is from Sapphire Ventures.
Companies raising larger rounds require us to write larger checks to lead and be active participants. We pride ourselves on being an active adviser.
Both funds are expected to last through the end of the year. Fund VI will invest in 20 to 30 companies, while the Opportunity Fund will invest in a smaller number of investments.
Verbit, PubNub, Yugabyte and Medable were invested in recently.
In 1996 the company was founded and invested at the Series B stage to IPO in the U.S., Europe and Israel. The firm plans to open an office in Berlin and Tel Aviv, as well as invest in value-added resources.
40 investment professionals are investing in areas such as healthcare IT and infrastructure software. Notable investments by the firm include 23andMe, Box, and Sumo Logic.
In the first eleven months of the year, the company invested more than $1 billion in capital, up from $970 million in 2020. There were over 70 exits from the firm's 165 portfolio companies.
The firm rounded out its leadership team with the new funds, including a CFO, a CMO, and a vice president of strategy.
Today's investment environment is one where VC firms have to adapt and do diligence ahead of the fundraise.
He said that it used to be that you met with the company first. If you are already a domain expert, it is easier to meet with the founders early on and build a relationship with them so you are ready when they raise.
He expects more investments to go into software and business applications, as well as health IT and the use of the internet of things. The fundamental new building block we have high hopes for is theBlockchain.
Huge deals are pushing more startups to IPO.
