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Sapphire Ventures: 2024 Year in Review

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Year In Review
2024
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Happy 2025!

The momentum over the past year has set the stage for an exciting future. Driven by an ecosystem that has been re-energized by AI innovation, we’re proud to back companies of consequence shaping this new era of enterprise tech.

In 2024, we witnessed AI begin to drive tangible enterprise use cases, with continued advancements across the application and infrastructure layers. We’ve been following these themes closely, partnering with companies that demonstrate strong conviction and are building innovative, high-impact businesses. While the exit environment over the past few years has left us all wanting more, 2025 brings with it new opportunities for cautious optimism as public markets show signs of recovery.

To our companies, extended teams, and industry colleagues — thank you. Your partnership, dedication, and collaboration have been at the heart of everything we’ve achieved, and we’re thrilled to continue this journey together in the new year.

As we look ahead, we wanted to take a moment to reflect on our highlights and all we’ve accomplished together in 2024.

Nino Marakovic NINO MARAKOVIC,

CEO + Partner
Sapphire Ventures

By the Numbers

New Investments

 

Follow-on Investments

M&A

Own Joins the Salesforce Team

Hear Firsthand from our CEOS

Over the past couple of years we asked some of our portfolio CEOs why they chose Sapphire. Here’s what they had to say:

From AI Hype to Enterprise Impact in 2025

We remain steadfast in our belief in AI’s transformative potential, and we’re just beginning to uncover how this groundbreaking technology will reshape the way we work and live. Our investors share their AI hot takes in the following stories.

Newcomer Cerebral Valley AI

We were proud to partner with the Newcomer team across their Cerebral Valley AI Summit in New York and San Francisco. These Summits brought together some of the brightest minds building and investing in AI, and we’re thrilled to have hosted a dinner leading up to both events featuring startup CEOs and select press. We’re still buzzing from these amazing events and are looking forward to the next one!

Investor AI Perspectives

 

Top 10 AI Trends & Predictions for 2025: A Platform Shift in the Making

 

AI-Native Applications: A Framework for Evaluating the Future of Enterprise Software

Award-Winning Team

Inc. Magazine’s 2024 Founder-Friendly Investors: Featuring Sapphire Ventures

VCJ Top 50 VC Firms: Sapphire Ventures Ranked in Top 10

Business Insider Names Alex Lehman as a 2024 Rising Star

2024 Hypergrowth Engineering Summit

Now in our 3rd year, we welcomed 200+ engineering executives for a day of insightful sessions covering topics such as optimizing AI workloads, augmenting engineers with autonomous DevOps, scaling AI-ready platforms, and delivering AI-focused product strategies. Looking forward to our 2025 Summit!

Industry Conferences

This year, our partners spoke at some of the world’s leading conferences. Here’s a look back at where we took the stage.

Featured Resources

2024 REPORTS

INDUSTRY DEEP DIVES

Promotions + New Hires

Our team’s dedication and contributions are at the heart of everything we do. We’re excited to recognize recent promotions and 2024 Sapphire Ventures’ new hires.

Promotions


David Carter


Partner, Engineering Excellence

Tiffany Chandra


VP, Talent

Justin White


VP, Finance

Tori Robertson


Senior Director, Marketing

 


Monica Soliz


Director, Marketing

Paloma Gante


Assistant Controller

Jacob Dehardt


Fund Accounting Manager

Lacy Balsama


Senior Executive Assistant

 

New Hires


Arianna Allen


Associate, Investor Relations

Cate Beggins


Associate

Xiaoping Feng


VP, Data & Analytics

Adrian Kania


Associate

 


Sam King


Associate General Counsel

Jyoti Kukreja


VP, Business Development

Misty Liao


Associate

Julie Nguyen


Associate

 


Emily Norwood


Marketing Manager

Stanley Onyimba


VP, Business Development

Lou Segall


Director Strategy

Michelle Siler


Assistant Controller
Thank you for an incredible 2024 — Here’s to an even more impactful year ahead together!
Nino Marakovic + Sapphire Ventures Team
Legal disclaimer

By the Numbers:

“Founder-Friendly Investors 2024”, by Inc. Magazine, October 2024; Sapphire has provided compensation to participate and be considered within third-party ranking . Sapphire played no role in the compilation of the third-party analysis. The full extent of the scope of firms and data included in the related surveys or evaluations is unknown. “VCJ 50”, by Venture Capital Journal, PEI Group, December 2024; Sapphire did not provide compensation to be considered within third-party ranking. Sapphire played no role in the compilation of the third-party analysis. The full extent of the scope of firms and data included in the related surveys or evaluations is unknown. “Rising Stars of Venture Capital 2024”, by Business Insider, Insider, Inc, December 2024; Sapphire did provide compensation to be considered within third-party ranking. Sapphire played no role in the compilation of the third-party analysis. The full extent of the scope of firms and data included in the related surveys or evaluations is unknown.

“Assets Under Management Across All Vehicles” represents Sapphire’s Regulatory Assets Under Management as of 12/31/2023 per ADV filed March 2024 as well as new commitments made to Sapphire Funds during calendar year 2024; 

“New + Follow-On Investments” represents all Sapphire direct growth strategy investments made by Sapphire’s Growth Strategy during calendar 2024;

“Customer Partner Introductions” refers to general relationship introductions made by Sapphire and third parties during calendar year 2024. 

“Executive Talent Introductions” refers to relationship introductions made by Sapphire and third parties relating to business objectives during calendar year 2024; 


This article is for informational purposes only. Nothing presented within this article is intended to constitute investment advice, and under no circumstances should any information provided herein be used or considered as an offer to sell or a solicitation of an offer to buy an interest in any investment fund managed by Sapphire. Information provided reflects Sapphires’ views as of a time, whereby such views are subject to change at any point and Sapphire shall not be obligated to provide notice of any change. The quotes set forth herein are from members of current and former Sapphire Ventures’ portfolio companies and other third parties with whom Sapphire Ventures interacts. Statements relate to the nature and type of management services provided by Sapphire Ventures and do not constitute testimonials to Sapphire Ventures’ investment advisory services and no inference to the contrary should be made. Companies mentioned in this article are a representative sample of portfolio companies in which Sapphire has invested in which the author believes such companies fit the objective criteria stated in commentary, which do not reflect all investments made by Sapphire. A complete alphabetical list of investments made by Sapphire’s Growth strategy is available
here. No assumptions should be made that investments listed above were or will be profitable. Due to various risks and uncertainties, actual events, results or the actual experience may differ materially from those reflected or contemplated in these statements. Nothing contained in this virtual event may be relied upon as a guarantee or assurance as to the future success of any particular company. Past performance is not indicative of future results.