Sapphire Ventures

Venture capital firm

At a glance

Sapphire Ventures appears in 9 funding rounds tracked by ValueAddVC since 2025. Its most frequent sectors in these rounds are AI & Infrastructure and Enterprise Software, and its most recent tracked deal was a funding round for Reactor (Oct 5, 2026). It co-invests most often with Andreessen Horowitz, Sequoia Capital and Amplify Partners. ValueAddVC also tracks 1 fund managed by Sapphire Ventures.

Strategy

Stages
Series ASeries BGrowth
Sectors
EnterpriseSaaS
Geographies
USAAustin, Texas, USA
Check size
$5M-$100M

Recent changes

  1. Oct 5, 2026Invested in Reactor Fortune
  2. Sep 29, 2026Invested in EliseAI ($350M) TechCrunch
  3. Sep 14, 2026Invested in Temporal (Series E, $550M) Temporal
  4. Sep 9, 2026Invested in Harvey ($550M) TechCrunch
  5. Sep 4, 2026Invested in Gimlet Labs (Series B, $300M) GlobeNewswire
Earlier changes (5)
  1. Aug 17, 2026Invested in Smack Technologies (Series B, $61M) Yahoo Finance
  2. Jul 14, 2026Invested in Chai Discovery (Series C, $400M) Law360
  3. May 20, 2026Invested in Mercury (Series D, $200M) Mercury
  4. Oct 20, 2025Invested in LangChain (Series B, $125M) LangChain
  5. Sep 4, 2025New fund: Sapphire Ventures Fund VII SEC EDGAR Form D

Funds

1
FundVintageSizeStrategySource
Sapphire Ventures Fund VII2025—Flagship
As of Aug 20, 2026SEC EDGAR Form D

Portfolio

9 total

Recent Investment Activity

9

Track record: led 0 and participated in 9 of 9 tracked venture rounds · 9 in the last 12 months

DateCompanyEventRoleAmountValuationInvestorsSource
Oct 5, 2026Reactorfunding roundParticipated——
NVenturesunverifiedSapphire Venturesunverified
Fortune
Sep 29, 2026EliseAIfunding roundParticipated$350M$4BPulse story
Sep 14, 2026TemporalSeries EParticipated$550M$12.55BTemporal
Sep 9, 2026Harveyfunding roundParticipated$550M$15.5BTechCrunch
Sep 4, 2026Gimlet LabsSeries BParticipated$300M$3BGlobeNewswire
Aug 17, 2026Smack TechnologiesSeries BParticipated$61M—
Costanoa VenturesLeadunverifiedFirst InLeadunverifiedPoint72 VenturesunverifiedGeodesic CapitalunverifiedFelicis VenturesunverifiedSapphire VenturesunverifiedScribble VenturesunverifiedFortitude VenturesunverifiedBloomberg BetaunverifiedNomi CapitalPalumni VC
Pulse story
Jul 14, 2026Chai DiscoverySeries CParticipated$400M$3.8BLaw360
May 20, 2026MercurySeries DParticipated$200M$5.2B
TCVLeadunverifiedAndreessen HorowitzunverifiedCoatue ManagementunverifiedCRVunverifiedSapphire VenturesunverifiedSequoia CapitalunverifiedSpark Capitalunverified
Mercury
Oct 20, 2025LangChainSeries BParticipated$125M$1.25BLangChain

Sector / Stage Activity

By sector (portfolio)
AI infra
2 · 22%
Biotech
1 · 11%
Enterprise SaaS
1 · 11%
Legal tech
1 · 11%
Developer tools
1 · 11%
Fintech
1 · 11%
Defense
1 · 11%
By stage (tracked rounds)
Series B
3 · 33%
Series E
1 · 11%
Series C
1 · 11%
Series D
1 · 11%

Co-Investors

12

Similar Firms

overlapping sector, stage or region

Value Add Research

Latest Pulse

  1. Nvidia Backs Reactor, Now At $74M, To Run World ModelsNvidia's venture arm NVentures invested in Reactor, a startup building cloud infrastructure to run 'world models' faster and cheaper, as the company's total funding reaches $74 million five months after emerging from stealth.→
  2. ElevenLabs Tender Doubles Valuation To $22BElevenLabs closed a $300 million employee tender offer that doubled its valuation to $22 billion, without the company raising a dollar of primary capital.→
  3. EliseAI Raises $350M, Valuation Doubles To $4BEliseAI raised $350 million at a $4 billion valuation, doubling its mark from 13 months ago on the strength of $200M-plus in ARR from housing and healthcare operations automation.→
  4. Temporal Raises $550M As Agentic AI Needs Durable CodeTemporal Technologies raised a $550 million Series E (announced September 14) at a $12.55 billion valuation led by Lightspeed, as demand for durable execution infrastructure grows alongside longer-running agentic AI workloads.→
  5. Harvey Hits $15.5B Valuation With $550M RoundLegal AI startup Harvey raised $550 million at a $15.5 billion valuation, nearly doubling its mark in nine months, with the fresh capital earmarked for building its own AI models rather than relying solely on frontier labs.→
  6. Harvey Raises $550M At $15.5B ValuationLegal AI startup Harvey raised $550 million at a $15.5 billion valuation, nearly doubling in nine months across two rounds while building its own open-weight model instead of depending solely on OpenAI or Anthropic.→
  7. Smack Technologies Raises $61M for Battlefield AISmack Technologies raised a $61 million Series B led by Costanoa Ventures and First In, bringing total funding past $90 million, months after the Pentagon labeled Anthropic a "supply-chain risk" and sent military branches scrambling for alternative AI vendors.→

Sapphire Ventures FAQ

What companies has Sapphire Ventures invested in?

Sapphire Ventures' portfolio includes Reactor, EliseAI, Temporal, Harvey, Gimlet Labs, Smack Technologies, and 3 more tracked companies.

Who does Sapphire Ventures co-invest with most?

In the rounds Value Add tracks, Sapphire Ventures most often invests alongside Andreessen Horowitz (5 shared deals), Sequoia Capital (5 shared deals), SV Angel (4 shared deals), Amplify Partners (2 shared deals), Coatue Management (2 shared deals).

Sources & methodologyshow
Where these figures come from

Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.

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