Sapphire Ventures Extends Fundraising Streak With New $2 Billion Haul

Growth investor Sapphire Ventures has rounded up $2 billion to back promising technology companies, as money continues to flow into the sector.

The Palo Alto, Calif.-based firm, which backs digital businesses such as recruiting systems and services provider Gem Software Inc., has closed its latest pair of funds less than a year after raising $1.7 billion for vehicles primarily focused on enterprise software businesses.