SAPPHIRE VENTURES, L.P.

Austin, TX · CIK 1697665 · 13F filing filed 2025-08-13

SEC-registered investment adviser since 2012 · limited partnership

Assets managed$10.4bn
Staff72 · 22 in investment roles
Main clients (by assets)Private funds 100%
Private funds18 · $8.2bn gross assets
Form ADV · 2026-07-30SEC adviser record

$90.5m reported value -13.9% vs Q1 2025

6positions

100.0%in top 10

1 new 0 added 2 reduced 0 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	BRAZE INC COM CL A BRZE	BRZE	1,665,798	$48.4m53.46%	53.46%	Reduced -79.6k	-79,583 -4.6%
2	AVIDXCHANGE HOLDINGS INC COM AVDX	AVDX	1,866,248	$18.3m20.19%	20.19%	Reduced -1.0m	-1,031,000 -35.6%
3	KALTURA INC COM KLTR	KLTR	7,980,295	$16.0m17.73%	17.73%	Unchanged
4	COREWEAVE INC COM CL A CRWV	CRWV	28,841	$4.7m5.20%	5.20%	New
5	UIPATH INC CL A PATH	PATH	200,000	$2.6m2.83%	2.83%	Unchanged
6	ON24 INC COM ONTF	ONTF	100,000	$543.0k0.60%	0.60%	Unchanged

Stakes above 5%

Companies where this manager has reported owning more than 5% of a class of shares, on Schedule 13D (may seek influence) or 13G (passive): its latest filing for each, from 19 Dec 2024 on.

Company	Ticker	Stake	Change	Schedule	Last filed
KALTURA INC KLTR · 13G · filed 2025-02-05	KLTR	5.3%≈ $10.4m		13G	2025-02-05