Sapphire Ventures
Sapphire Ventures
Partnering with expansion-stage, enterprise software companies that we believe can become category leaders.
Sapphire Partners
Sapphire Partners
Limited partner investing in exceptional early-stage venture fund managers.
Sapphire Sport
Sapphire Sport
Partnering with early-stage companies at the nexus of technology and culture.
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Sapphire
Sapphire Ventures

Disclosures

Nothing presented herein 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 Ventures, LLC (“Sapphire”). Any offer or solicitation of securities by Sapphire may only be made in accordance with the current offering documents for a managed Fund in which Sapphire is an advisor. Additionally, Sapphire does not solicit or make its services available to the public; such offerings may only be provided to accredited investors and qualified purchasers defined within the Securities Act of 1933 and the Investment Company Act of 1940. Information provided reflects Sapphire Ventures’ views as of a particular time. Such views are subject to change at any point and Sapphire Ventures shall not be obligated to provide notice of any change. While Sapphire Ventures has used reasonable efforts to obtain information from reliable sources, we make no representations or warranties as to the accuracy, reliability, or completeness of third party information presented herein.

Sapphire Ventures Page:

The information regarding specific portfolio companies is presented to illustrate examples of the types of investments that Sapphire growth stategy may have made or recommended as of a particular date. It may not be representative of any current or future investments, and the performance of these investments is not necessarily indicative of the performance of all investments made or recommended by Sapphire. It should not be assumed that such investments were or will be profitable or that any portfolio company investments made in the future will equal the performance of the companies identified herein. A complete alphabetical list of Sapphire’s investments made by its direct growth investing funds is available here. No guarantee of investment performance is being provided and no inference to the contrary should be made. Past performance is not indicative of future results.

“Explore Our Companies of Consequence” graphic above represents all Sapphire growth strategy direct investments that have held a public listing from January 2017 through September 2024.

“Spotlight” Graphic inclues statements from members of current and former Sapphire growth strategy portfolio companies and other non-client, third parties with whom Sapphire interacts. Statements reflect endorsements related the nature and type of management services provided by Sapphire as an operating partner and do not constitute testimonials to Sapphires’ investment advisory services and no inference to the contrary should be made. Sapphire has provided no compensation related to such endorsements.

“Investment” graphic represents the most recent portfolio company in which Sapphire growth strategy has made a direct initial investment.

“Companies of Consequence” graphic above represents all companies in which Sapphire growth strategy made a direct initial investment from January 2020 through September 2024.

“By The Numbers”

  • “IPOs” represents all Sapphire direct growth strategy investments that have had an IPO or public listing from the firm’s inception in 2011 to September 2024;
  • “Exits” represents all Sapphire direct growth strategy investments that have had an IPO, M&A, or public listing from the firm’s inception in 2011 to September 2024;
  • “Assets Under Management” represents Sapphire’s Growth Strategy Regulatory Assets Under Management as of 12/31/2022 per ADV filed March 2023;
  • “CEO NPS Score” represents the overall Net Promotor Score (82) Sapphire achieved, according to portfolio company feedback received by Sapphire as it relates to Sapphire’s role as an operating partner in companies in which Sapphire Growth strategy has invested and chose to participate in a survey that was conducted by Sapphire; as of April 2024. Companies in which Sapphire Growth strategy has both invested and has spent significant time as an operating partner were invited to participate in the survey, whereby not all portfolio companies Sapphire has invested in were invited to participate. Sapphire does not believe the invitation was biased for favorable results. The CEO NPS Score indicates the level of satisfaction portfolio company executives have had working with Sapphire as an operating partner on a scale of 0-100%. The CEO NPS Score does not in any way refer to the investment advisory services Sapphire provides to managed Funds.
  • “Annual Talent Intros” represents relationship introductions made by Sapphire and third parties relating to talent business objectives during calendar year 2023;
  • “Annual Customer Intros” represents relationship introductions made by Sapphire and third parties relating to customer business objectives during calendar year 2023;

“Our Areas of Interest” graphics above represent thematic investment areas in which Sapphire is interested, whereby such categories are internally assigned by Sapphire and are subject to change. Although Sapphire believes that such categorizations are reasonable, they are subjective in nature and may be categorized differently by other market participants.

Sapphire Companies Page

Note: Company logos presented above reflect primary investments made by Sapphire’s Growth Strategy with a minimum investment cost basis of $1M and above only.

Sapphire Partners Page

“Sapphire Partners” refers to Sapphire strategy that invest in both third party managed funds as well as direct investments”

“Sapphire Partners – By the Numbers”

  • “Underlying portfolio companies in 3rd party funds” represents the estimated count of portfolio companies in which third party managed funds has invested in which Sapphire Partners has invested. Sapphire Partners has no investment discretion with respect to the investments made by the third party managed funds in which Sapphire Partners has invested as of March 2023
  • “Portfolio company exits in 3rd party funds since 2013” represents the estimated count of underlying portfolio companies that have held a public listing or exit via M&A from August 2012 through March 2023 from the third party managed funds in which Sapphire Partners has invested. Sapphire Partners has no investment discretion with respect to the investments made by the third party managed funds in which Sapphire Partners has invested.
  • “Portfolio companies in 3rd party funds valued at $1B+” is an estimate count of underlying portfolio based on a combination of audited & unaudited valuations from third party fund managers, as of Q1 2023, as well as Pitchbook estimates as of 3/31/2023 which are subject to change. Sapphire Partners has no investment discretion with respect to the investments made by the third party managed funds in which Sapphire Partners has invested.

Information used in the estimation of such metrics are provided to Sapphire Partners by third party managers and/or is provided by Pitchbook. While Sapphire Partners has used reasonable efforts to obtain accurate and reliable information from these third party sources, Sapphire Partners makes no representations or warranties as to the accuracy, reliability, or completeness of third party information used to determine the valuations and number of exits.”

Sapphire Sport Page

  • Logos shown in “Our Portfolio” reflect all portfolio company investments made by Sapphire Sport strategy.
  • Logos shown for “Our Backers” – Limited Partner logos presented in the chart do not reflect all Limited Partners that have invested in Sapphire Sport funds. Such Limited Partners have granted limited consent to Sapphire to use respective logos and associations above.
  • Learn More About Our Portfolio Section: Logos provided in the graphic reflect all portfolio company investments made by Sapphire Sport strategy.

Portfolio Growth Page

“Here’s what our CEOs are saying section”: The portfolio company case studies provided within this section represent a subset of all investments made by Sapphires’ Growth strategy, whereby the criteria chosen is non-performance based and instead have been selected to demonstrate Sapphire’s experiences with such companies as an operating partner. Specific case studies provided reflect portfolio companies in which Sapphire’s growth strategy have invested in over the previous two years and have provided endorsements related to Sapphire’s role as an operating partner. Further information available upon request. The quotes set forth within this presentation are from members of current and former Sapphires’ portfolio companies and other third parties with whom Sapphire interacts under such categories and have provided a statement as such. Statements reflect endorsements related the nature and type of management services provided by Sapphire as an operating partner and do not constitute testimonials to Sapphires’ investment advisory services and no inference to the contrary should be made. Sapphire has provided no compensation related to such endorsements.

#OpenLP

 Nothing presented within #OpenLP 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. Various content and views contained within #OpenLP represent those of third party guests, which do not necessarily reflect the views of Sapphire. Such views may reflect the authors’ opinion and/or interpretation and Sapphire provides no assurance to the accuracy of such views. Such views are subject to change at any point and do not in any way represent official statements by Sapphire.

Year-In-Review Page

“Our 2021 CEO NPS Score” represents the overall Net Promotor Score Sapphire Ventures, LLC (“Sapphire”) achieved, according to portfolio company feedback received by Sapphire as it relates to Sapphire’s role as an operating partner in companies in which Sapphire Growth strategy has invested and chose to participate in a survey that was conducted by Sapphire; As of February 2021. Not all companies in which Sapphire Growth strategy has invested chose to participate in the survey, although all active Sapphire Growth strategy portfolio companies were invited to participate. The CEO NPS Score does not in any way refer to the investment advisory services Sapphire provides to managed Funds. “450+ Executive Talent Introductions” refers to relationship introductions made by Sapphire and third parties relating to talent business objectives during calendar year 2021; “500+ Customer Introductions” “refers to relationship introductions made by Sapphire and third parties relating to customer business objectives during calendar year 2021; “Public Listings and M&A Events” refers to Sapphire Growth or Sport strategy portfolio companies that publicly listed or were exited via a merger or acquisition during calendar year 2021; “Assets Under Management Across All Vehicles” represents Sapphire’s Regulatory Assets Under Management as of 12/31/2020 per ADV filed March 2021 as well as new commitments made to Sapphire Funds during calendar year 2021; “Raised in 2021” refers to new commitments made to Sapphire Funds during calendar year 2021; “8 Public Debuts” refers to Sapphire Growth or Sport strategy portfolio companies that publicly listed securities strategies during calendar year 2021; “8 M&A Events refers to Sapphire Growth or Sport strategy portfolio companies that were exited via a merger of acquisition during calendar year 2021”; “32 New Investments refers to new portfolio companies in which Sapphire Growth and Sport strategies invested into during calendar year 2021; “38 Follow-On Investments” refers to existing portfolio companies in which Sapphire Growth and Sport strategies invested additional amounts into during calendar year 2021; “450+ Executive Talent Introductions” refers to relationship introductions made by Sapphire and third parties relating to business objectives during calendar year 2021; ”600+ Connections” refers to general relationship introductions made by Sapphire and third parties during calendar year 2021. 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 Sapphire’s investments made by its direct growth and sports investing strategies 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.