M12 - Microsoft's Venture Fund logo

M12 - Microsoft's Venture Fund

North America, California, United States, San Francisco

Description

M12, formerly known as Microsoft Ventures, is the corporate venture capital arm of Microsoft, established in 2016. Headquartered in San Francisco with a global presence, M12 focuses on investing in early-stage B2B software companies, typically from Seed to Series B or C rounds. Their investment thesis is centered on identifying startups that align strategically with Microsoft's core businesses and technological advancements, particularly in areas such as artificial intelligence, cybersecurity, developer tools, SaaS, and cloud infrastructure.

Investor Profile

M12 - Microsoft's Venture Fund has backed more than 282 startups, with 22 new investments in the last 12 months alone. The firm has led 79 rounds, about 28% of its total and boasts 39 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Series B, Series A, Series C rounds (top funding stages).
  • Majority of deals are located in United States, Israel, United Kingdom.
  • Strong thematic focus on Software, Artificial Intelligence (AI), SaaS.
  • Led 9 rounds in the past year.
  • Typical check size: $1M – $15M.

Stage Focus

  • Series B (24%)
  • Series A (22%)
  • Series C (17%)
  • Series D (10%)
  • Seed (10%)
  • Series Unknown (8%)
  • Series E (4%)
  • Convertible Note (1%)
  • Series F (1%)
  • Post Ipo Equity (1%)

Country Focus

  • United States (75%)
  • Israel (7%)
  • United Kingdom (6%)
  • Canada (2%)
  • Brazil (2%)
  • Germany (2%)
  • Australia (1%)
  • Norway (1%)
  • Portugal (1%)
  • Austria (1%)

Industry Focus

  • Software
  • Artificial Intelligence (Ai)
  • Saas
  • Machine Learning
  • Information Technology
  • Enterprise Software
  • Analytics
  • Cyber Security
  • Big Data
  • Security
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does M12 - Microsoft's Venture Fund frequently co-invest with?

Kleiner Perkins
North America, California, United States, Menlo Park
Co-Investments: 11
Mayfield Fund
North America, California, United States, Menlo Park
Co-Investments: 13
General Catalyst
North America, Massachusetts, United States, Cambridge
Co-Investments: 11
Cisco Investments
North America, California, United States, San Francisco
Co-Investments: 12
Battery Ventures
North America, Massachusetts, United States, Boston
Co-Investments: 10
Salesforce Ventures
North America, California, United States, San Francisco
Co-Investments: 19
Lightspeed Venture Partners
North America, California, United States, Menlo Park
Co-Investments: 16
Alumni Ventures
North America, New Hampshire, United States, Manchester
Co-Investments: 11
Notable Capital
North America, California, United States, Menlo Park
Co-Investments: 13
Intel Capital
North America, California, United States, Santa Clara
Co-Investments: 13

Which angels does M12 - Microsoft's Venture Fund often collaborate with?

RB
North America, Virgin Islands, United States
Shared Deals: 2
PT
North America, California, United States, San Francisco
Shared Deals: 2
EG
Europe, Oslo, Norway, Oslo
Shared Deals: 2
SS
North America, New York, United States, New York
Shared Deals: 2
CS
North America, Washington, United States, Kirkland
Shared Deals: 2
BV
Europe, Noord-Holland, The Netherlands, Amsterdam
Shared Deals: 2
JB
North America, Washington, United States, Seattle
Shared Deals: 2
Shared Deals: 2
SA
North America, California, United States, San Francisco
Shared Deals: 2
Shlomo Kramer
Asia, Tel Aviv, Israel, Tel Aviv
Shared Deals: 3

What are some of recent deals done by M12 - Microsoft's Venture Fund?

Reach Security

San Francisco, California, United States

Reach Security is the defensive posture management company helping organizations deliver.

Cyber Security
Series AJul 29, 2025
Amount Raised: $10,000,000
Armada

San Francisco, California, United States

Armada provides modular data centers and edge compute solutions.

Artificial Intelligence (AI)Cloud ComputingData CenterSoftware
Series UnknownJul 24, 2025
Amount Raised: $131,000,000
Eventual

San Francisco, California, United States

Eventual makes processing images, video & audio as easy as SQL. Their platform helps AI companies handle petabytes of multimodal data.

Artificial Intelligence (AI)Cloud ComputingDatabaseMachine LearningOpen Source
Series AJun 24, 2025
Amount Raised: $20,000,000
Upscale

Middletown, Delaware, United States

Upscale is a Sales Engagement Platform that accelerates B2B sales pipeline and revenue.

SaaSSales AutomationSoftware
SeedMay 12, 2025
Amount Raised: $5,500,000
nEYE Systems

Berkeley, California, United States

nEYE Systems is a technology company that offers silicon photonic MEMS switches.

Advanced MaterialsNanotechnologySemiconductor
Series BApr 10, 2025
Amount Raised: $58,000,000
Solve Intelligence

San Francisco, California, United States

Solve Intelligence is an artifical intelligence company that offers generative AI technology for writing patents.

Artificial Intelligence (AI)Business IntelligenceData Management
Series AApr 9, 2025
Amount Raised: $12,000,000
SpecterOps

Alexandria, Virginia, United States

SpecterOps is a cybersecurity company that provides services and training solutions to help enterprises defend against attacks.

Cyber SecurityInformation TechnologyNetwork SecurityTraining
Series BMar 5, 2025
Amount Raised: $75,000,000
Edera

Seattle, Washington, United States

Edera is an enterprise infrastructure security company that offers secure-by-design Kubernetes and AI solution.

Artificial Intelligence (AI)Cyber SecurityDeveloper APIsEnterprise SoftwareIT Infrastructure
Series AFeb 25, 2025
Amount Raised: $15,000,000
Arize AI

Berkeley, California, United States

Arize AI offers an observability platform that explains and troubleshoots production AI.

Artificial Intelligence (AI)Information TechnologyMachine LearningSoftware
Series CFeb 20, 2025
Amount Raised: $70,000,000
SGNL.AI

Palo Alto, California, United States

SGNL is a dynamic access management solution that offers context-based intelligence and prevention.

Cloud InfrastructureCloud ManagementIdentity ManagementSaaS
Series AFeb 12, 2025
Amount Raised: $30,000,000