M12

Corporate VC San Francisco, United States Est. 2016
Last updated 2026-06-18
Portfolio
23
in our dataset
Rounds participated
44
Rounds led
10
Rounds' value
$1.8B
total disclosed, rounds participated
Stages
B Round, Pre-Seed, A Round, Seed

About

M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft. The fund is focused on the added value that it can bring to the companies it invests in not just as investors, but also as collaborative partners. The fund is focused on ways to proactively connect the teams it invests in with Microsoft customers, partners, and internal resources.

M12 invests in early-stage B2B companies, with a specific interest in those with their heads in the cloud and on the edge. All M12 portfolio companies are assigned a relationship manager from the firm's portfolio development team, who proactively works on behalf of the company to understand the needs of the business and connect the company with the right people and resources.

The M12 team comprises professionals with a spectrum of expertise (investing, finance, engineering, marketing, and operations) specifically suited to supporting enterprise entrepreneurs and scaling companies. M12 fosters the growth of new technologies and acts as a connector between visionary entrepreneurs and the Microsoft ecosystem.

M12 is based in San Francisco and has offices in London, San Francisco, Seattle, Bengaluru, and Herzliya.

Portfolio · 23

Sola Security
AI-Powered No-Code Platform for Custom Cybersecurity Solutions
Led ★ 1 round $35.0M committed Latest: 2025-09
Evinced
Accessibility Scans for Websites
Led ★ 3 rounds $110.0M committed Latest: 2024-12
Zenity
Security Governance Platform
1 round $38.0M committed Latest: 2024-10
nsKnox
Corporate Payment Security
2 rounds $32.0M committed Latest: 2023-01
Valence Security
Collaborative SaaS Security Remediation
Led ★ 1 round $25.0M committed Latest: 2022-10
Ox Security
Software Supply Chain Security
Led ★ 1 round $34.0M committed Latest: 2022-09
Growthspace
Precision Skill Development Platform
Led ★ 2 rounds $40.0M committed Latest: 2022-08
Code Ocean
Software Development
Led ★ 1 round $16.5M committed Latest: 2022-05
RapidAPI
API Marketplace
Led ★ 4 rounds $260.0M committed Latest: 2022-03
Kooply
Mobile Gaming Development Platform
1 round $18.0M committed Latest: 2022-03
Hunters
Security Operations Center (SOC) Platform
Led ★ 3 rounds $113.0M committed Latest: 2022-01
At-Bay
Cyber Insurance and Risk Management Solutions
2 rounds $219.0M committed Latest: 2021-07
Zencity
AI Platform for Real-Time Government Community Engagement
3 rounds $49.5M committed Latest: 2021-06
env0
Code Infrastructure Management Platform
Led ★ 2 rounds $20.5M committed Latest: 2021-06
Authomize
Identity Threat Detection and Response Platform​
2 rounds $22.0M committed Latest: 2021-05
Mend.io
Integrated Application Security Platform
2 rounds $110.0M committed Latest: 2021-04
Aqua Security
Cloud-native Security Platform
2 rounds $197.0M committed Latest: 2021-03
Xsight Labs
Fabless semiconductor company building open, efficient, and programmable switch silicon and DPUs for AI and hyperscale data centers.
3 rounds $230.0M committed Latest: 2021-03
Voiceitt
Voice Recognition Technology for Non-standard Speech
2 rounds $10.5M committed Latest: 2020-08
Codefresh
DevOps Automation Platform for Kubernetes Apps
2 rounds $35.0M committed Latest: 2020-06
Nanofabrica
3D Printing for Precision Manufacturing
Led ★ 1 round $4.0M committed Latest: 2020-05
Bluevine
Small Business Banking Solution
2 rounds $114.5M committed Latest: 2019-11
Oosto
Visual Intelligence Solutions
1 round $31.0M committed Latest: 2019-06

Investment activity

5 portfolio exits on record.

Portfolio by sector

Cyber Security10
Business Software6
Industrial Technologies2
Fintech & Insurtech1
Health Tech & Life Sciences1
Aerospace, Defense & HLS1
Retail Platforms1
Media & Entertainment Technologies1

Q&A

What is M12's most recent exit?
M12's most recent exit was Oosto, which was acquired by Metropolis Technologies for $125M in January 2025.
Which company did M12 exit in November 2024?
In November 2024, M12 exited RapidAPI, which was acquired by Nokia.
What was M12's exit in February 2024?
M12 exited Codefresh in February 2024, when it was acquired by Octopus Deploy for $40M.
What was M12's exit in January 2024?
In January 2024, M12 exited Authomize, which was acquired by Delinea.
What is M12's primary investment focus?
M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft that invests in early-stage B2B companies, particularly those focused on cloud and edge technologies.
Who are some of the key team members at M12?
Key team members at M12 include Raz Bachar, Managing Director, and Irad Dor, Partner.
What are M12's preferred investment stages?
M12 invests across Pre-Seed, Seed, A Round, and B Round stages.
Which sectors does M12 focus on for investments?
M12 shows a strong concentration in Cyber Security and Business Software, with 10 and 6 portfolio companies respectively in these sectors.
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