Sierra Ventures


Sierra Ventures is an American venture capital firm based in San Mateo, California. It is focused on early stage emerging technology companies.

History

The firm was founded by Peter Wendell in 1982 in Menlo Park, California. Early investments included Healtheon, Intuit, Micromuse, and StrataCom.
The firm is run by managing directors Mark Fernandes, Tim Guleri, and Ben Yu and is based in San Mateo, California.

Investments

As of 2019, Sierra Ventures had invested over $1.9 billion. 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.
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. The board also counsels portfolio companies on how to scale and adapt as necessary.
Sierra Ventures is currently investing out of its eleventh fund, which closed in 2016 with $170 million. In March 2019 the firm began raising its twelfth fund, which it closed in July 2019 with $215 million.
Some notable past investments include: