Sapphire Ventures

Independent VC originally spun out of SAP — $11B AUM

Strategic/CVC CVC-Independent 📍 Palo Alto, CA Founded 1996

AUM

$11B

as of 2026-Q1

MID

Sapphire Ventures was founded in 1996 as SAP Ventures and operates today with full operating independence (though SAP remains a meaningful LP).

Firm Profile

Firm Type

Strategic/CVC

Subtype

CVC-Independent

Founded

1996

Palo Alto, CA

Country

USA

Parent Company

Originally SAP, now independent

Nino MarakovicJai DasBeezer Clarkson

squarefitbitkustomer

Stages

Series B · Series C · Growth

Sectors

Enterprise SaaS · AI · Sports Tech · Healthcare

Strategic/CVCCVC-IndependentEnterprise SaaS

Investor data reflects publicly disclosed AUM, fund sizes, and portfolio holdings as of 2026-Q1. Refreshed periodically.