M12 Venture Capital Fund Overview and Activity

M12 is a global venture capital fund that invests in startups, with a focus on Series A and B rounds.

M12 was established in 2016 as the venture capital arm of Microsoft.

M12 has offices in several locations, including San Francisco, New York, London, Tel Aviv, and Singapore.

M12 has made numerous investments in various companies, with a total of over $1.3 billion invested across 23 deals. The firm has a diverse portfolio, investing in companies across different stages, including seed, series A, and series B rounds.

Some notable investments include Space and Time, which received $20 million in series A funding in August 2024, and Unstructured, which received $25 million in series A funding in July 2023. M12 has also invested in companies like Typeface, which received $100 million in series B funding in June 2023, and env0, which received $18.1 million in series A funding in March 2023.

Here are some of the companies that have received funding from M12:

M12 has also invested in companies like Bakkt, which received $300 million in series B funding in March 2020, and Inworld AI, which received $50 million in series A funding in August 2022.

M12 generally invests in various stages, with the majority of its investments being in Seed and Series A rounds. M12 has made 63 investments in Seed rounds, 61 in Series A rounds, and 48 in Series B rounds.

In terms of company stage, M12's investments are spread across different sectors, with a focus on Enterprise Applications, High Tech, and Enterprise Infrastructure. M12 has invested in 139 companies in the Enterprise Applications sector, 91 in High Tech, and 65 in Enterprise Infrastructure.

M12 has also co-invested with other investors, including Lightspeed Venture Partners, Y Combinator, and Salesforce Ventures. In fact, Lightspeed Venture Partners has co-invested with M12 in 5 companies, while Salesforce Ventures has co-invested in 6 companies.

Here are some notable companies in M12's portfolio that have gone public:

M12 has also invested in various sectors, including Artificial Intelligence - Industry Applications, Vertical SaaS, and Others. M12 has invested in 34 companies in the Artificial Intelligence - Industry Applications sector and 33 in Vertical SaaS.

M12's investments range from Seed to Series D rounds, with a total of 63 investments in Seed rounds, 61 in Series A rounds, 48 in Series B rounds, 15 in Series C rounds, 7 in Series D rounds, and 10 in other rounds.

Several countries are investing heavily in renewable energy sources, such as solar and wind power, to reduce their reliance on fossil fuels.

China is a leader in renewable energy investment, with a goal of generating 35% of its electricity from non-fossil fuels by 2030.

India is also investing in renewable energy, with a target of generating 40% of its electricity from non-fossil fuels by 2030.

The US is investing in renewable energy as well, with many states setting their own targets for renewable energy production.

The European Union has set a goal of generating 32% of its electricity from renewable sources by 2030.

Many countries are also investing in infrastructure, such as roads, bridges, and public transportation systems.

The US is investing in infrastructure, with a focus on repairing and modernizing existing infrastructure.

China is also investing in infrastructure, with a focus on high-speed rail and other transportation systems.

India is investing in digital infrastructure, including the development of 5G networks and other digital technologies.

Evisort was acquired by M12 on September 17, 2024, after being first invested in on December 19, 2019, in a Series A round worth $15 million.

Split was acquired by M12 on May 29, 2024, and was first invested in on August 25, 2020, in a Series C round worth $33 million.

CodeSee was acquired by M12 on May 14, 2024, and was first invested in on November 9, 2022, in a Seed round with undisclosed funding.

Codefresh was acquired by M12 on February 27, 2024, after being first invested in on June 27, 2018, in a Series B round worth $8 million.

Onfido was acquired by M12 on February 6, 2024, and was first invested in on September 27, 2017, in a Series C round worth $30 million.

Here are the acquired companies, listed in chronological order by acquisition date:

Microsoft's venture capital fund was originally called Microsoft Ventures, but it's been rebranded as M12 to avoid confusion about its purpose.

The name change comes after two years of Microsoft Ventures being an official venture capital fund, and it's meant to clarify how the company works with startups. Microsoft Ventures actually predates the VC arm by a few years, and it was used as an overarching term for Microsoft's accelerator programs.

The M12 name is a deliberate choice to be clear about how they work with startups - they invest in them in exchange for equity.

Microsoft Ventures changed its name to M12 in 2018 to avoid confusion with a previous accelerator program of the same name.

The name change was made to clarify the VC firm's purpose and how it works with startups. Microsoft Ventures takes equity in startups it invests in, unlike the accelerator program.

The M in M12 stands for Microsoft, and the 12 represents the number of letters in the word entrepreneur. This new name gives Microsoft's VC subsidiary a punchier and edgier sound.

Microsoft Ventures had invested in more than 50 startups over the past couple of years, with a focus on artificial intelligence. A $3.5 million AI contest for startups was also launched.

The name change is part of a trend in the industry, with Google's parent company Alphabet rebranding Google Ventures a few years back, and Nokia Growth Partners changing its name to NGP Capital.

Space and Time raised $20.00M in Series A funding from Alumni Ventures, F-Prime Capital, and other investors on August 27, 2024.

One notable Series A funding round was led by MongoDB Ventures, which raised $25.00M for Unstructured on July 20, 2023.

Typeface secured $100.00M in Series B funding from Lightspeed Venture Partners, GV (Google Ventures), and other investors on June 29, 2023.

Other notable funding rounds include env0's $18.10M Series A, led by Boldstart Ventures, and Metrika's $4.00M Series A, led by M12 - Microsoft's Venture Fund.

Here's a breakdown of the key funding rounds: