What does M12 invest in?
M12 invests most often at Venture and Seed (83% of the rounds on record), in sectors such as AI Apps, Security For AI and AI Cloud Infrastructure.

United States · Investor
Last cheque observed Oct 2026; 300 cheques on record.
Deploying nowCorporate VC
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15 cheques in the last 12 months
Mostly Venture and Seed: 83% of its rounds
Sole investor in 206 rounds, median $275K
13 exits from the portfolio
M12 is Microsoft's venture capital fund. We invest in early-stage technology companies disrupting the enterprise.From their own website
Every round we can evidence, newest first300 appearances
15 rounds
2 rounds
5 rounds
1 round
20 rounds
An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.
We hold 27 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.
From their own portfolio page (on their website)
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Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.
Companies it backed that were later bought or listed13 in all
An exit counts when it came after the firm's first round in the company. From historical deal records.
The investors most often in the same rounds as M12. A count of rooms they were both in, not a relationship either has claimed.
The latest companies M12 put money into.
M12 invests most often at Venture and Seed (83% of the rounds on record), in sectors such as AI Apps, Security For AI and AI Cloud Infrastructure.
300 investments on record, 15 of them in the last 12 months, and it led 6. The most recent was in Oct 2026.
Its most recent investments on record: Reach Security (Series B, Oct 2026), Nous Research (Series B, Oct 2026) and Mantic (Seed, Sept 2026).
The median round it joins is $30M. It says it writes cheques of $1.0M to $20M.
Sometimes: it led 6 of its 300 investments on record (2%).
Most of the companies it backs are in the United States (85%) and the United Kingdom (9%).
Yes: it is actively investing, with 15 investments in the last 12 months.
Most often Microsoft Ventures Accelerator Seattle (8 rounds together), Microsoft (6 rounds together) and Lightspeed Venture Partners (5 rounds together).
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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it