Sierra Ventures

Last updated
Sierra Ventures
Company type Private
Industry Venture Capital
Founded1982;42 years ago (1982)
Headquarters
San Mateo, California
,
United States
Key people
Mark Fernandes, Managing Director
Tim Guleri, Managing Director
Ben Yu, Managing Director
Peter Wendell, Founder
Website www.sierraventures.com

Sierra Ventures is an American venture capital firm based in San Mateo, California. It targets startups in sectors including enterprise tech, artificial intelligence, cybersecurity and healthcare. [1]

Contents

History

The firm was founded by Peter Wendell in 1982 in Menlo Park, California. [2] [3] Early investments included Healtheon, Intuit, Micromuse, and StrataCom. [2]

The firm is run by managing directors Mark Fernandes, Tim Guleri, and Ben Yu and is based in San Mateo, California. [4]

Investments

As of 2019, Sierra Ventures had invested over $1.9 billion. [5] The firm's initial investment averages between $500,000 and $7 million and on average it invests up to $15 million over the life of a company. [4] [6]

Sierra Ventures’ CXO Advisory Board, a group of Global 1000 Chief Information, Technology, Data, Security, and other technology focused Officers and IT executives, advises on the firm's strategic investment decisions. [7] The board also counsels portfolio companies on how to scale and adapt as necessary. [8] [9]

Sierra Ventures is currently investing out of its thirteenth fund, which is focused on early-stage software startups and closed in 2023 with $265 million. The firm's previous two funds closed at $215 million and $170 million. [1] [10] [11]

Some notable past investments include:

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References

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  2. 1 2 3 Young, Susan (1 October 2001). "New Economy Notables: Peter C. Wendell". HBS Alumni. Retrieved 15 July 2019.
  3. ↑ Clark, Meaghan (3 November 2013). "21 Stanford professors who could be your biggest startup investor". The Stanford Daily . Retrieved 15 July 2019.
  4. 1 2 3 4 Loizos, Connie (7 January 2016). "Sierra Ventures Closes 11th Fund With $170 Million". TechCrunch . Retrieved 31 July 2019.
  5. ↑ Yu, Ben (31 March 2019). "The convergence of 5G and AI: A venture capitalist's view". VentureBeat . Retrieved 15 July 2019.
  6. ↑ "Company Overview of Sierra Ventures". Bloomberg. Retrieved 15 July 2019.
  7. ↑ High, Peter (22 July 2019). "As Sierra Ventures Announces 12th Fund, MD Mark Fernandes Offers A Look Inside The Firm". Forbes. Retrieved 27 July 2019.
  8. ↑ Gage, Deborah (23 August 2013). "Sierra Ventures' New Partner Taps Tough Startup Experience". The Wall Street Journal . Retrieved 15 July 2019.
  9. ↑ Schubarth, Cromwell (15 August 2013). "Q&A: Sierra VC Tim Guleri on his firm's CIO advantage". Silicon Valley Business Journal . Retrieved 15 July 2019.
  10. ↑ "The Daily Startup: Guardant Health Raises Nearly $100 Million Series D". The Wall Street Journal. 7 January 2016. Retrieved 15 July 2019.
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