M12 - Microsoft's Venture Fund
Overview
M12 is the corporate venture capital arm of Microsoft that invests in early-stage (typically Series A through D) enterprise technology companies in sectors including AI, cloud infrastructure, cybersecurity, developer tools, and SaaS.
Investments
| Company | Date | Stage | Lead |
|---|---|---|---|
| Applied Intuition | Sep 2019 | Series B | Co-investor |
| Modal Labs, Inc. | Sep 2025 | Series B | Co-investor |
| PsiQuantum | Mar 2025 | Series E | Co-investor |
| d-Matrix | Nov 2025 | Series C | Co-investor |
| Outreach | Apr 2019 | Series E | Co-investor |
For institutional investors. Book with your work email.
Key People
Cheryl Cheng
Managing Partner
Michael Stewart
Managing Partner
Peter Lenke
Managing Partner
Alan Du
Partner
Alessandro Levi
Partner
James Wu
Partner
Oanh Nguyen
Partner
Brian Zhao
Investor
Monica Lim
Investor
Shun Hagiwara
Investor
Valentina Escudero
Early Stage Investor
For institutional investors. Book with your work email.
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is M12 - Microsoft's Venture Fund based?
M12 - Microsoft's Venture Fund is headquartered in San Francisco, California, United States.
When was M12 - Microsoft's Venture Fund founded?
M12 - Microsoft's Venture Fund was founded in 2016.
How many portfolio companies does M12 - Microsoft's Venture Fund have?
M12 - Microsoft's Venture Fund has 192 portfolio companies in Caplight's dataset.
What are some companies in M12 - Microsoft's Venture Fund's portfolio?
Portfolio companies visible on Caplight include Applied Intuition, Modal Labs, Inc., PsiQuantum, d-Matrix, Outreach.
What was M12 - Microsoft's Venture Fund's most recent investment shown here?
M12 - Microsoft's Venture Fund's most recent investment in this portfolio sample was in d-Matrix in 2025.
What sectors does M12 - Microsoft's Venture Fund focus on?
M12 - Microsoft's Venture Fund focuses on Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Consumer & Commerce, Enterprise Software, Media, Entertainment & Gaming, FinTech, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Consumer & Commerce, Media, Entertainment & Gaming, Media, Entertainment & Gaming, Cybersecurity, Enterprise Software, Cybersecurity, Cybersecurity, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, Cybersecurity, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Cybersecurity, Healthcare & Life Sciences, Frontier & Industrial Tech, Cybersecurity, Cybersecurity, Cybersecurity, Cybersecurity, Cybersecurity, Enterprise Software, Crypto & Web3, Consumer & Commerce, Cybersecurity, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, Healthcare & Life Sciences, Enterprise Software, Cybersecurity, Healthcare & Life Sciences, Healthcare & Life Sciences, Cybersecurity, AI, Data & Cloud Infrastructure, Cybersecurity, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Cybersecurity, Healthcare & Life Sciences, Enterprise Software, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Cybersecurity, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Cybersecurity, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Cybersecurity, AI, Data & Cloud Infrastructure, Energy & Sustainability, AI, Data & Cloud Infrastructure, Cybersecurity, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, Cybersecurity, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Healthcare & Life Sciences, Healthcare & Life Sciences, Crypto & Web3, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, Enterprise Software, Healthcare & Life Sciences, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Healthcare & Life Sciences, Crypto & Web3, Energy & Sustainability, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Energy & Sustainability, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, FinTech, Enterprise Software, AI, Data & Cloud Infrastructure, Consumer & Commerce, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Consumer & Commerce, Enterprise Software, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Cybersecurity, Consumer & Commerce, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Frontier & Industrial Tech, Cybersecurity, AI, Data & Cloud Infrastructure, Cybersecurity, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Crypto & Web3, Enterprise Software, Energy & Sustainability, Enterprise Software, Enterprise Software, Cybersecurity, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, Energy & Sustainability, Healthcare & Life Sciences, Enterprise Software, FinTech, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Cybersecurity, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Enterprise Software, Telecommunications & Networking, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, Media, Entertainment & Gaming, Enterprise Software, AI, Data & Cloud Infrastructure, Cybersecurity, FinTech, Enterprise Software, Enterprise Software, Media, Entertainment & Gaming, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Mobility, Transportation & Logistics, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Media, Entertainment & Gaming, Telecommunications & Networking, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Healthcare & Life Sciences, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Real Estate & PropTech, Enterprise Software, Enterprise Software, Consumer & Commerce, Cybersecurity, Enterprise Software, Enterprise Software, Telecommunications & Networking, Mobility, Transportation & Logistics, Enterprise Software, Cybersecurity, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Mobility, Transportation & Logistics, AI, Data & Cloud Infrastructure, Enterprise Software, Telecommunications & Networking, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Crypto & Web3, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Media, Entertainment & Gaming, Enterprise Software, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Consumer & Commerce, Enterprise Software, Media, Entertainment & Gaming, AI, Data & Cloud Infrastructure, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Mobility, Transportation & Logistics, FinTech, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, Enterprise Software, Enterprise Software, Frontier & Industrial Tech, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, Enterprise Software, AI, Data & Cloud Infrastructure, AI, Data & Cloud Infrastructure, Enterprise Software, AI, Data & Cloud Infrastructure.
What company stages does M12 - Microsoft's Venture Fund focus on?
M12 - Microsoft's Venture Fund typically invests at the MultiStage stage.
What is M12 - Microsoft's Venture Fund's AUM?
M12 - Microsoft's Venture Fund's assets under management are estimated between $500.0M and $1.0B.