Sapphire Ventures has raised $1.4 billion for its new investments to support growth. It is the fourth growth funding and the highest to date. It includes a $150 million fund for more significant deals and also plans to issue $5 million and $100 million checks for different requirements.
Sapphire Ventures is a Sap spinout, which set its independent operations in 2011. The company majorly focuses on technology firms in the US and Europe like 23andMe, Sumo Logic, and more.
Jai Das, Sapphire Ventures President, and Co-founder said, “We need this fund because companies are staying private much longer because they want to get to a $200 million revenue run rate before they go public.”
Read More: SAP spinout Sapphire Ventures raises $1.4B for new investments
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