# M12 Microsoft's Venture Fund

> M12 is Microsoft's corporate venture capital operation, investing in early-stage technology companies and helping them develop technical and commercial relationships across the Microsoft ecosystem. Its focus includes enterprise AI, security, cloud and data infrastructure, and deep technology, with support extending from investment to integrations and customer access.

- **Founded:** 2016
- **Headquarters:** San Francisco and Redmond, United States
- **Founders:** Nagraj Kashyap (Founding global head of the Microsoft venture operation launched in 2016)
- **Products:** Seed through Series B venture investment, Portfolio development and Microsoft partnerships, M12 GitHub Fund
- **Notable:** More than 140 active portfolio companies and more than 50 exits displayed on its website in October 2026., Created a dedicated GitHub investment initiative for open-source company formation., Backed Evisort before its 2024 acquisition by Workday.

## Products & services

- **Seed through Series B venture investment** — Equity financing for early-stage technology companies; current themes span enterprise AI applications, AI security, cloud infrastructure, data operations and models, and deep technology.
- **Portfolio development and Microsoft partnerships** — Help arranging technical collaborations, commercial introductions and go-to-market relationships; the approach was sharpened around Microsoft alignment in 2023.
- **M12 GitHub Fund** — A $10 million fund announced with GitHub for seed-stage open-source developer tools. Its published portfolio includes CodeSee, Novu, ToolJet, Guardrails and Mermaid Chart.

## Achievements

- More than 140 active portfolio companies and more than 50 exits displayed on its website in October 2026.
- Created a dedicated GitHub investment initiative for open-source company formation.
- Backed Evisort before its 2024 acquisition by Workday.
- Co-led HiddenLayer’s $50 million Series A in 2023.
- Participated in Reach Security’s Series B of more than $50 million in October 2026.

## Latest updates

- **2026-10** — Reach Security announced more than $50 million in Series B funding with M12 participating; the total is the full round, not a disclosed M12 check.
- **2026-09** — Stuut announced M12 investment and Microsoft Marketplace availability alongside acceptance into the separate Pegasus Program.
- **2026-07** — M12 published Todd Graham’s essay on enforceable behavior and external controls for LLM agents.

## Links

- Website: https://m12.vc/
- LinkedIn: https://www.linkedin.com/company/m12vc
- Twitter/X: https://twitter.com/M12vc
- YouTube: https://www.youtube.com/channel/UC0qZ0njlNbgf53zL644Ofpw

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Published by YesPress — https://yespress.io
Last updated: 2026-10-27