# Sierra Ventures

> Sierra Ventures is a San Mateo venture capital firm founded in 1982 that writes first checks into early-stage B2B and enterprise technology companies - from Seed through Series A. Across 13 funds and more than $2 billion invested, it has backed 237-plus companies, produced 35 IPOs, and built a signature asset in its CXO Advisory Board, a standing network of Fortune 1000 executives who help vet deals and open doors for founders.

- **Founded:** 1982
- **Headquarters:** San Mateo, California, United States
- **Founders:** Peter Wendell (Founder)
- **Team size:** ~53 employees
- **Products:** Early-Stage Venture Capital (Seed to Series A), CXO Advisory Board, CXO Summit, ASCEND Platform & EPL Council, Sierra Ventures Fund XIII
- **Notable:** Founded in 1982, one of the longest-running venture capital firms in Silicon Valley, Over $2 billion invested across 13 funds, Backed 237-plus companies with 35 IPOs and hundreds of exits

## Products & services

- **Early-Stage Venture Capital (Seed to Series A)** — First-check investing into B2B and enterprise startups, with checks up to $5M at Seed and up to $10M at Series A across North America.
- **CXO Advisory Board** — A standing network of 75-plus Fortune 1000 technology executives, now in its 18th year, that vets opportunities, advises portfolio companies, and creates warm introductions to enterprise buyers.
- **CXO Summit** — An annual gathering that convenes enterprise executives and portfolio founders around technology trends and go-to-market strategy.
- **ASCEND Platform & EPL Council** — Operating and portfolio-support programs providing talent, marketing, and go-to-market resources to early-stage founders.
- **Sierra Ventures Fund XIII** — The firm's 13th fund, closed at $265M in 2023, focused on early-stage B2B founders in enterprise software, infrastructure, and generative AI.

## Achievements

- Founded in 1982, one of the longest-running venture capital firms in Silicon Valley
- Over $2 billion invested across 13 funds
- Backed 237-plus companies with 35 IPOs and hundreds of exits
- Early investor in Intuit, StrataCom, Healtheon, Micromuse, NGINX, and 2Wire
- Closed Fund XIII at $265M in 2023, exceeding target and roughly 20% larger than the prior fund
- CXO Advisory Board now in its 18th year with 75-plus Fortune 1000 executives

## Latest updates

- **2024** — Added Shashank Saxena as a fourth managing partner.
- **2023-09** — Closed Fund XIII at $265M, exceeding target, to back early-stage B2B founders in enterprise software, infrastructure, and generative AI.

## Links

- Website: https://sierraventures.com
- LinkedIn: http://www.linkedin.com/company/sierra-ventures
- Twitter/X: http://www.twitter.com/Sierra_Ventures
- Facebook: http://www.facebook.com/SierraVentures

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Profile page: https://yespress.io/sierra-ventures
Published by YesPress — https://yespress.io
Last updated: 2026-08-16