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Sapphire Ventures secures $1.4B-plus


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Sapphire Ventures secures $1.4B-plus

Sapphire Ventures LLC raised new capital commitments exceeding $1.4 billion, allowing it to add an opportunity fund and broaden its investor base.

The venture capital firm said it will invest the majority of the capital in expansion- and late-stage technology startups in the U.S., Europe and Israel.

Sapphire will also use the new capital to make initial investments of as much as $100 million in its target companies.