I’m proud to announce that Sapphire Ventures has raised more than $1.4 billion in new capital commitments, bringing our total assets under management (AUM) to almost $4 billion. You can read the full announcement here. This larger capital commitment gives us the flexibility to support more entrepreneurs who are building what we call Companies of Consequence: visionary companies that seek to change the way we work and live. We believe the added capital enables Sapphire to: Differentiate even more effectively in an increasingly competitive market for high-quality investments such as those we’ve made most recently in Brightfield, Clari, Highspot, monday.com and Moveworks. Create an optimal fund structure with a main investment vehicle that can invest as little as $5-10M in an initial check for expansion-stage companies, combined with a new opportunity fund that can co-invest at a combined level of up to $100M per company in later-stage businesses