Sapphire Ventures, L.P.

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Sapphire Ventures, L.P. reported 5 stock positions worth $105.1 million. Its top holding was Braze Class A (BRZE) at 59.9% of the portfolio, followed by Avidxchange (AVDX, 23.4%) and Kaltura (KLTR, 14.3%). Compared with Q4 2024, it sold out of 1. The biggest sale was an exit from 23ANDME.

Most Recent 13F
Q2 2026
Location
Austin, TX
CIK
0001697665
Portfolio Value
$105.1M (Q1 2025)
SEC Filing
0001172661-25-001839 ↗ filed May 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $134.3M Q1 2024 Q2 2024: $117.5M Q2 2024 Q3 2024: $95.8M Q3 2024 Q4 2024: $124.7M Q4 2024 Q1 2025: $105.1M $105.1M Q1 2025 Q2 2025: $90.5M Q2 2025 Q3 2025: $84.6M Q3 2025 Q4 2025: $74.3M Q4 2025 Q1 2026: $99.4M Q1 2026 Q2 2026: $103.8M Q2 2026

Holdings 5 stocks · $105.1M
BRZE Braze Inc. Class A 59.90% 1,745,381 $63.0M No change
AVDX Avidxchange Holdings Inc. 23.37% 2,897,248 $24.6M No change
KLTR Kaltura Inc. 14.27% 7,980,295 $15.0M No change
PATH Uipath Inc. Class A 1.96% 200,000 $2.1M No change
ONTF ON24 Inc. 0.49% 100,000 $520K No change

Portfolio Sells Q4 2024 → Q1 2025
23ANDME HOLDING CO Sold out 0.00% −0.69

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 4$103.8MNTSK, BRZE, KLTR, PATH
Q1 2026 4$99.4MNTSK, BRZE, KLTR, PATH
Q4 2025 4$74.3MBRZE, KLTR, PATH, ONTF
Q3 2025 6$84.6MBRZE, AVDX, KLTR, CRWV, PATH
Q2 2025 6$90.5MBRZE, AVDX, KLTR, CRWV, PATH
Q1 2025 5$105.1MBRZE, AVDX, KLTR, PATH, ONTF
Q4 2024 6$124.7MBRZE, AVDX, KLTR, PATH, 23ANDME HOLDING CO
Q3 2024 6$95.8MBRZE, AVDX, KLTR, PATH, 23ANDME HOLDING CO
Q2 2024 6$117.5MBRZE, AVDX, KLTR, PATH, 23ANDME HOLDING CO
Q1 2024 6$134.3MBRZE, AVDX, KLTR, PATH, 23ANDME HOLDING CO