Press Release

Sierra Ventures Launches $265 Million Fund XIII

September 12, 2023

Palo Alto – September 12, 2023 – Cooley advised Sierra Ventures, an early-stage venture capital firm focusing on emerging technology companies, on its $265 million Fund XIII – which is approximately 20% larger than its previous fund. Partner John Clendenin led the Cooley team advising Sierra Ventures.

Proceeds from the fund will be used to commit to early-stage business-to-business founders at the forefront of reshaping the landscape of enterprise software, infrastructure and groundbreaking technologies to revolutionize specific industry verticals. Sierra Ventures also will provide operational resources to ensure a robust foundation for its portfolio companies at the early stage, as well as facilitate direct lines of communication to key executives within the Fortune 1000 technology sector through its chief executive officer advisory board.

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