Deals
Sapphire Ventures Raises $1.7 Billion After Year of Big Exits
- Silicon Valley firm invests in startups, other venture firms
- SAP, Major League Baseball among its limited partners
JFrog Ltd. IPO in Sunnyvale, California, in 2020.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Sapphire Ventures said it has raised $1.7 billion to invest across multiple funds, giving it more than $5.7 billion under management.
Sapphire, based in Palo Alto, California, invests in pre-IPO technology companies, as well as early stage sports and entertainment startups. It also invests as a limited partner directly in other venture firms, including Union Square Ventures and Amplify Partners.