| Sierra Ventures | |
| Type: | Private |
| Industry: | Venture Capital |
| Founder: | Peter Wendell |
| Key People: | Mark Fernandes (Managing Director), Tim Guleri (Managing Director), Ben Yu (Managing Director) |
| Services: | Early stage investment |
| Location City: | San Mateo, California |
| Location Country: | United States |
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]
Sierra Ventures’ CXO Advisory Board is composed of more than seventy-five Fortune 1000 CIOs, CTOs, CMOs, and CISOs and has advised portfolio companies since 2006.[2]
The firm was founded by Peter Wendell in 1982 in Menlo Park, California.[3] [4] Early investments included Healtheon, Intuit, Micromuse, and StrataCom.[3]
The firm is run by managing directors Mark Fernandes, Tim Guleri, and Ben Yu and is based in San Mateo, California.[5] In 2024, the firm added a 4th managing partner, Shashank Saxena.[6]
, Sierra Ventures had invested over $2 billion.[7] The firm focuses on Seed and Series A-stage companies with a typical investment between $1 and $3.5 million for seed and $4 and $8 million for a Series A.[8] [9]
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.[10] The board also counsels portfolio companies on how to scale and adapt as necessary.[11]
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. [12] [13]
Some notable past investments include: