SIERRA VENTURES MANAGEMENT III, L.L.C.
SIERRA VENTURES MANAGEMENT III, L.L.C. is a Seed and Series A fund in the US writing $500K–$10M checks into AI, Enterprise, Security, healthcare-tech, deep-tech and cloud-infrastructure.
- Stages
- Seed, Series A
- Sectors
- AI, Enterprise, Security, healthcare-tech, deep-tech, cloud-infrastructure
- Check size
- $500K–$10M
- Invests in
- US-wide
- Round role
- Leads and follows
- Actively investing
- Yes
- Founded
- 1982
- Assets under management
- $2 billion
- Website
- sierraventures.com
Thesis
Sierra Ventures is a venture capital firm founded in 1982, with $2 billion in AUM. They focus on early-stage enterprise technology companies, primarily in the US and North America, with a thesis centered on technical founders building next-generation enterprise solutions. Key investment areas include AI, LLMs, modern infrastructure, cybersecurity, and healthcare innovation, avoiding pure pharma/medical devices without a software component. They typically invest at the Seed and Series A stages, with check sizes ranging from $500K-$5M for Seed and up to $10M for Series A. The firm is known for its hands-on approach, leveraging its network and CXO Advisory Board to support founders. Their 13th fund closed at $265 million in September 2023.
Common questions
Does SIERRA VENTURES MANAGEMENT III, L.L.C. invest at the Seed stage?
Yes. SIERRA VENTURES MANAGEMENT III, L.L.C. lists Seed and Series A among the stages it invests in.
What check size does SIERRA VENTURES MANAGEMENT III, L.L.C. write?
SIERRA VENTURES MANAGEMENT III, L.L.C. writes $500K–$10M checks.
Where does SIERRA VENTURES MANAGEMENT III, L.L.C. invest?
SIERRA VENTURES MANAGEMENT III, L.L.C. invests in the US.