# Who Invests With Sapphire Ventures: 188 Co-Investors (2026)

> The 188 investors that have backed two or more of the same startups as Sapphire Ventures, by kind: vc firms, private equity and asset managers and corporate...

Source: https://millionrounds.com/portfolio-maps/sapphire-ventures-co-investors (Millionrounds; every figure on the page links to its filing or article)

## VC firms

134

- [SAP Ventures](https://millionrounds.com/fund/sap-ventures)
- [Sequoia Capital](https://millionrounds.com/fund/sequoia-capital)
- [Lightspeed Venture Partners](https://millionrounds.com/fund/lightspeed-venture-partners)
- [General Catalyst](https://millionrounds.com/fund/general-catalyst)
- [Battery Ventures](https://millionrounds.com/fund/battery-ventures)
- [Bain Capital Ventures](https://millionrounds.com/fund/bain-capital-ventures)
- [Tiger Global Management](https://millionrounds.com/fund/tiger-global-management)
- [Meritech Capital Partners](https://millionrounds.com/fund/meritech-capital-partners)
- [Andreessen Horowitz](https://millionrounds.com/fund/andreessen-horowitz)
- [Insight Partners](https://millionrounds.com/fund/insight-venture-partners)
- [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners)
- [Norwest Venture Partners](https://millionrounds.com/fund/norwest)
- [IVP](https://millionrounds.com/fund/ivp)
- [New Enterprise Associates](https://millionrounds.com/fund/new-enterprise-associates)
- [Mayfield Fund](https://millionrounds.com/fund/mayfield)
- [Geodesic Capital](https://millionrounds.com/fund/geodesic-capital)
- [Coatue](https://millionrounds.com/fund/coatue-management)
- [Techstars](https://millionrounds.com/fund/techstars)
- [DFJ](https://millionrounds.com/fund/dfj)
- [Wellington Management](https://millionrounds.com/fund/wellington-management)
- [First Round Capital](https://millionrounds.com/fund/first-round-capital)
- [Accel](https://millionrounds.com/fund/accel)
- [Scale Venture Partners](https://millionrounds.com/fund/scale-venture-partners)
- [SVB Capital](https://millionrounds.com/fund/svb-capital)

+110 more

## Private equity and asset managers

22

- [Goldman Sachs](https://millionrounds.com/fund/goldman-sachs)
- [Iconiq Capital](https://millionrounds.com/fund/iconiq-capital)
- [WndrCo](https://millionrounds.com/fund/wndrco)
- [General Atlantic](https://millionrounds.com/fund/general-atlantic)
- [Trinity](https://millionrounds.com/fund/trinity)
- [BlackRock](https://millionrounds.com/fund/blackrock)
- [Morgan Stanley Investment Management](https://millionrounds.com/fund/morgan-stanley-investment-management)
- [Franklin Templeton](https://millionrounds.com/fund/franklin-templeton)
- [GIC](https://millionrounds.com/fund/gic)
- [DCM Ventures](https://millionrounds.com/fund/dcm-ventures)
- [*HP* High Peaks Venture Partners](https://millionrounds.com/fund/high-peaks-venture-partners)
- [DST Global](https://millionrounds.com/fund/dst-global)
- [August](https://millionrounds.com/fund/august)
- [L Catterton](https://millionrounds.com/fund/l-catterton)
- [Bain Capital](https://millionrounds.com/fund/bain-capital)
- [Invus](https://millionrounds.com/fund/invus)
- [Gaingels](https://millionrounds.com/fund/gaingels)
- [Sands Capital Ventures](https://millionrounds.com/fund/sands-capital-ventures)
- [TPG](https://millionrounds.com/fund/tpg)
- [JMI Equity](https://millionrounds.com/fund/jmi-equity)
- [StepStone Group](https://millionrounds.com/fund/stepstone-group)
- [Fortress Investment](https://millionrounds.com/fund/fortress-investment-group)

## Corporate investors

19

- [Salesforce Ventures](https://millionrounds.com/fund/salesforce-ventures)
- [Cisco Investments](https://millionrounds.com/fund/cisco-investments)
- [Cisco](https://millionrounds.com/fund/cisco)
- [Intel Capital](https://millionrounds.com/fund/intel-capital)
- [Google Ventures](https://millionrounds.com/fund/gv)
- [Endeavor Catalyst](https://millionrounds.com/fund/endeavor-catalyst)
- [CapitalG](https://millionrounds.com/fund/capitalg)
- [M12](https://millionrounds.com/fund/m12)
- [Microsoft](https://millionrounds.com/fund/microsoft)
- [Bosch Ventures](https://millionrounds.com/fund/bosch-ventures)
- [Ericsson Ventures](https://millionrounds.com/fund/ericsson-ventures)
- [Harmony](https://millionrounds.com/fund/harmony)
- [Coinbase Ventures](https://millionrounds.com/fund/coinbase)
- [Thomson Reuters Ventures](https://millionrounds.com/fund/thomson-reuters-ventures-2)
- [Mitsui & Co](https://millionrounds.com/fund/mitsui-and-co)
- [Mitsui Global Investment](https://millionrounds.com/fund/mitsui-and-co-global-investment-ltd)
- [Prosperity7 Ventures](https://millionrounds.com/fund/prosperity7-ventures)
- [Qualcomm Ventures](https://millionrounds.com/fund/qualcomm-ventures)
- [Qualcomm](https://millionrounds.com/fund/qualcomm)

## Growth funds

6

- [Spark](https://millionrounds.com/fund/spark-3)
- [Goldman Sachs Alternatives](https://millionrounds.com/fund/goldman-sachs-alternatives)
- [Bond](https://millionrounds.com/fund/bond)
- [Dell](https://millionrounds.com/fund/dell)
- [*I* ICON](https://millionrounds.com/fund/icon)
- [*SK* Shlomo Kramer](https://millionrounds.com/fund/shlomo-kramer)

## Accelerators

4

- [Y Combinator](https://millionrounds.com/fund/y-combinator)
- [amplify.la](https://millionrounds.com/fund/amplify-la)
- [In-Q-Tel](https://millionrounds.com/fund/iqt)
- [*CS* Citrix Startup Accelerator](https://millionrounds.com/fund/citrix-startup-accelerator)

## Family offices

3

- [*IC* ICONIQ Capital](https://millionrounds.com/fund/iconiq-capital-2)
- [Northgate Capital](https://millionrounds.com/fund/northgate-capital)
- [Vulcan Capital](https://millionrounds.com/fund/vulcan-capital)

## Segment by segment

### VC firms

134 investors

- [**SAP Ventures**](https://millionrounds.com/fund/sap-ventures) VC firm India 26 backed
- [**Sequoia Capital**](https://millionrounds.com/fund/sequoia-capital) VC firm United States 16 backed
- [**Lightspeed Venture Partners**](https://millionrounds.com/fund/lightspeed-venture-partners) VC firm United States 16 backed
- [**General Catalyst**](https://millionrounds.com/fund/general-catalyst) VC firm United States 15 backed
- [**Battery Ventures**](https://millionrounds.com/fund/battery-ventures) VC firm United States 12 backed
- [**Bain Capital Ventures**](https://millionrounds.com/fund/bain-capital-ventures) VC firm United States 11 backed
- [**Tiger Global Management**](https://millionrounds.com/fund/tiger-global-management) VC firm United States 11 backed
- [**Meritech Capital Partners**](https://millionrounds.com/fund/meritech-capital-partners) VC firm United States 10 backed

### Private equity and asset managers

22 investors

- [**Goldman Sachs**](https://millionrounds.com/fund/goldman-sachs) Private equity United States 9 backed
- [**Iconiq Capital**](https://millionrounds.com/fund/iconiq-capital) Private equity Sri Lanka 8 backed
- [**WndrCo**](https://millionrounds.com/fund/wndrco) Private equity United States 5 backed
- [**General Atlantic**](https://millionrounds.com/fund/general-atlantic) Private equity United States 4 backed
- [**Trinity**](https://millionrounds.com/fund/trinity) Hedge fund United States 4 backed
- [**BlackRock**](https://millionrounds.com/fund/blackrock) Asset manager United States 4 backed
- [**Morgan Stanley Investment Management**](https://millionrounds.com/fund/morgan-stanley-investment-management) Private equity United States 3 backed
- [**Franklin Templeton**](https://millionrounds.com/fund/franklin-templeton) Private equity United States 3 backed

### Corporate investors

19 investors

- [**Salesforce Ventures**](https://millionrounds.com/fund/salesforce-ventures) Corporate investor United States 20 backed
- [**Cisco Investments**](https://millionrounds.com/fund/cisco-investments) Corporate investor United States 6 backed
- [**Cisco**](https://millionrounds.com/fund/cisco) Corporate investor United States 5 backed
- [**Intel Capital**](https://millionrounds.com/fund/intel-capital) Corporate investor United States 4 backed
- [**Google Ventures**](https://millionrounds.com/fund/gv) Corporate investor United States 4 backed
- [**Endeavor Catalyst**](https://millionrounds.com/fund/endeavor-catalyst) Corporate investor United States 3 backed
- [**CapitalG**](https://millionrounds.com/fund/capitalg) Corporate investor Canada 3 backed
- [**M12**](https://millionrounds.com/fund/m12) Corporate investor United States 2 backed

### Growth funds

6 investors

- [**Spark**](https://millionrounds.com/fund/spark-3) Growth fund United States 2 backed
- [**Goldman Sachs Alternatives**](https://millionrounds.com/fund/goldman-sachs-alternatives) Growth fund - 2 backed
- [**Bond**](https://millionrounds.com/fund/bond) Growth fund United States 2 backed
- [**Dell**](https://millionrounds.com/fund/dell) Growth fund United States 2 backed
- [*I* **ICON**](https://millionrounds.com/fund/icon) Growth fund Ireland 2 backed
- [*SK* **Shlomo Kramer**](https://millionrounds.com/fund/shlomo-kramer) Growth fund - 2 backed

### Accelerators

4 investors

- [**Y Combinator**](https://millionrounds.com/fund/y-combinator) Accelerator United States 16 backed
- [**amplify.la**](https://millionrounds.com/fund/amplify-la) Accelerator United States 5 backed
- [**In-Q-Tel**](https://millionrounds.com/fund/iqt) Accelerator United States 3 backed
- [*CS* **Citrix Startup Accelerator**](https://millionrounds.com/fund/citrix-startup-accelerator) Accelerator - 2 backed

### Family offices

3 investors

- [*IC* **ICONIQ Capital**](https://millionrounds.com/fund/iconiq-capital-2) Family office United States 5 backed
- [**Northgate Capital**](https://millionrounds.com/fund/northgate-capital) Family office United States 2 backed
- [**Vulcan Capital**](https://millionrounds.com/fund/vulcan-capital) Family office United States 2 backed

**How this map is made.** Every investor here has backed two or more of the same startups as Sapphire Ventures, in rounds we track. Grouped by kind, each ranked by how many startups it shares with Sapphire Ventures. Rebuilt nightly; updated 15 November 2026.

## More portfolio maps

[All portfolios](https://millionrounds.com/portfolio-maps)

[Portfolio map **Sapphire Ventures portfolio map** 126 startups · $23B](https://millionrounds.com/portfolio-maps/sapphire-ventures-portfolio-map)[Sector portfolio **Sapphire Ventures' AI portfolio** 38 startups · $11B](https://millionrounds.com/portfolio-maps/sapphire-ventures-ai-portfolio)[Sector portfolio **Sapphire Ventures' Big Data & Analytics portfolio** 17 startups · $3.1B](https://millionrounds.com/portfolio-maps/sapphire-ventures-big-data-analytics-portfolio)[Sector portfolio **Sapphire Ventures' IT Services portfolio** 12 startups · $1.0B](https://millionrounds.com/portfolio-maps/sapphire-ventures-it-services-portfolio)[Sector portfolio **Sapphire Ventures' Fintech portfolio** 10 startups · $3.2B](https://millionrounds.com/portfolio-maps/sapphire-ventures-fintech-portfolio)[Co-investors **Who invests with Techstars** 991 co-investors](https://millionrounds.com/portfolio-maps/techstars-co-investors)

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