Skip to content

Sapphire Ventures raises $1 bln for two new funds

Sapphire Ventures has raised a $1 billion for two new funds, including $702 million for a direct fund and $300 for supporting third-party early-stage managers.

The sole LP for the new funds is enterprise software maker SAP SE. Sapphire spun out of SAP five years ago and established itself as an independent firm.