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. 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.

The information regarding specific portfolio companies is presented to illustrate examples of the types of investments that Sapphire Ventures 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 Ventures. 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. 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.

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. Sapphire Ventures does not solicit or make its services available to the public and none of the funds are currently open to new investors. Past performance is not indicative of future performance.

Sapphire Ventures Home Page:

(a) This graphic represents all Sapphire direct investments that have had an IPO or public listing from the firm’s inception in 2011 to November 2021. The specific companies identified may not be representative of all of Sapphire’s investments and no assumption should be made that the investments identified were or will be profitable. A complete alphabetical list of Sapphire’s investments made by its direct growth investing funds is available here.

(b) Figure represents all Sapphire direct investments that have had an exit via M&A from the firm’s inception in 2011 to November 2021. The specific companies identified may not be representative of all of Sapphire’s investments and no assumption should be made that the investments identified were or will be profitable. A complete alphabetical list of Sapphire’s investments made by its direct growth investing funds is available here.

(c) By the Numbers:

  • “IPO” — This represents all Sapphire direct growth and sport investments that have had an IPO or public listing from the firm’s inception in 2011 to December 2021.
  • “M&A” — This represents all Sapphire direct growth and sport investments that have had a M&A Exit from the firm’s inception in 2011 to December 2021.
  •  “AUM” — Assets Under Management (AUM) 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 for Sapphire’s growth strategy only. As of December 31, 2021, Sapphire’s total AUM as described above was $8.8B+
  • “Investments” — Figure represents all Sapphire direct growth and sport investments made since the Sapphire’s growth funds inception in Jan 2011 to December 2021. The specific companies identified may not be representative of all of Sapphire’s investments and no assumption should be made that the investments identified were or will be profitable. A complete alphabetical list of Sapphire’s investments made by its direct growth investing funds is available here.

Sapphire Partners

  • “Sapphire Partners” refers to the Sapphire Ventures team responsible for making investments in third party managed venture capital funds.
  • “Underlying exits” represents the count of portfolio companies that have had an exit (IPO or M&A) between August 2012 and November 2021 from the third party managed funds in which Sapphire Ventures has invested. Sapphire Partners has no investment discretion with respect to the investments made by the third party managed funds in which Sapphire Ventures has invested.
  • “Company valuation” is based on a combination of audited & unaudited valuations from third party fund managers, as of Q3 2020, as well as Pitchbook estimates as of 3/1/2021. These 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 Ventures has invested.
  • Information used in the calculation of “Underlying exits” and “Company valuation” is provided to Sapphire Ventures by third party managers and/or is provided by Pitchbook. While Sapphire Ventures has used reasonable efforts to obtain accurate and reliable information from these third party sources, Sapphire Ventures 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.

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.