M12 (venture capital)

M12, formerly Microsoft Ventures, is a corporate venture capital subsidiary of Microsoft. Founded in March 2016,[1] its mission is to be an active, strategic partner during a startup's growth, typically investing between Series A and D. The fund is managed by Nagraj Kashyap, formerly of Qualcomm Ventures.

M12
Microsoft's Venture Fund
TypeCorporate venture fund
Founded2016
Headquarters
San Francisco, California
,
United States
Number of locations
5 offices: Seattle, San Francisco, New York City, Tel-Aviv, London
Key people
Nagraj Kashyap
(Managing director)
Peggy Johnson
(EVP, Microsoft)
Number of employees
37
Websitem12.vc

History

Background

Microsoft Ventures was used as an umbrella for all of Microsoft's accelerator and seed-stage funding operations.[1]

In August 2014, Microsoft Ventures and the Deshpande Foundation launched the Sandbox Startups incubator with an initiative to set up a 20,000 square feet area for incubation in the city of Hubli. The main intention of this initiative was to ensure that better entrepreneurial support would be given to those who reside outside of big metropolises in India, removing the inevitability of having to relocate to such places.[2]

Official founding

In March 2016, Microsoft launched the Microsoft Ventures venture capital fund. The operation previously known as Microsoft Ventures was renamed Microsoft Accelerator, with a focus on "start-up enablement" instead of startup investments.[1]

Investments

On April 11, 2017, it was reported that the security company Synack had raised $21 million from Microsoft Ventures, Hewlett Packard Enterprise, and Singtel.[3] In late 2017, the company has invested in artificial intelligence with a new AI startup competition,[4] and 3-D printing with Markforged.[5] In March 2019, Markforged raised $82 million in venture funding, with M12 contributing.[6]

In March 2019, the company invested in Skedulo, a work scheduling company.[7] In June 2019, M12 invested in AnyVision, a facial recognition company.[8] After reporting by NBC news on the use of its technology in the West Bank and Gaza Strip,[9] Microsoft hired Eric Holder, former US Attorney General, to conduct an audit of the company to ensure that it complies with Microsoft's ethical principles on biometric surveillance.[10]

In Jan 2020, it was announced that Microsoft Venture in a new round had taken a stake in SuperAwesome.[11] In March 2020, Microsoft Ventures and Honeywell Ventures are in talks with FarEye to invest $40 million in the Logistics startup.[12]

Also in March 2020, M12 announced it would lead a $22 million Series B funding round in San Francisco-based fraud prevention platform Arkose Labs[13]

Name change to M12

In April 2018, Microsoft Ventures changed its name to M12, to avoid confusion with a previous accelerator program of the same name.[14] The M stands for Microsoft, and the 12 refers to the number of letters in the word entrepreneur.[14]

Accelerator Plus program

Zoomcar was a member of Microsoft's Accelerator Plus program in Bangalore in Spring 2014.[15] This program is designed to provide more tailored assistance to later-stage start-ups as they scale their business and raise capital.[16] In March 2015, Tripdelta took part in the third batch of the Microsoft Ventures Accelerator in Berlin.[17] In October 2015 Farmflo was selected to join the Microsoft Ventures Accelerate Programme in London.[18][19] Appknox was a graduate of the fifth batch of the Microsoft Ventures program.[20]

See also

References
  1. Lunden, Ingrid (May 31, 2016). "Microsoft confirms Microsoft Ventures VC arm, renames old one 'Microsoft Accelerator'". TechCrunch. Retrieved June 18, 2017.
  2. "Microsoft Ventures, Deshpande Foundation launch Sandbox Startups". businesstoday.in. Retrieved 2016-09-13.
  3. Kuchler, Hannah (April 11, 2017). "Hacker-for-hire company Synack raises $21m". Financial Times. Retrieved April 30, 2017.
  4. Lardinois, Frederic (October 10, 2017). "Microsoft Ventures, Madrona and others launch $3.5M AI startup competition". TechCrunch.
  5. Vanian, Jonathan (November 1, 2017). "Microsoft Just Made Its First 3-D Printing Investment In This Startup". Fortune. Retrieved November 12, 2017.
  6. https://www.bostonglobe.com/business/2019/03/20/printer-company-big-fund-raising-deal/cYnNs6WZ2ZJTRH079sA6xH/story.html
  7. https://www.geekwire.com/2019/microsofts-investment-arm-m12-leads-28m-round-work-management-company-skedulo/
  8. "AnyVision Closes $74 Million Series A with New Participation from M12 and DFJ Growth". marketwatch.com. 2019-06-18. Retrieved 2019-11-25.
  9. "Why did Microsoft fund an Israeli firm that surveils West Bank Palestinians?". nbcnews.com. 2019-10-28. Retrieved 2019-11-25.
  10. "Microsoft hires Eric Holder to audit AnyVision over use of facial recognition on Palestinians". nbcnews.com. 2019-11-15. Retrieved 2019-11-25.
  11. "Announcing our investment from M12, Microsoft's venture fund". SuperAwesome. 2020-01-27. Retrieved 2020-09-26.
  12. "Microsoft Ventures, Honeywell in talks to invest $40 million in software startup FarEye". Moneycontrol. Retrieved 2020-03-04.
  13. PYMNTS (2020-03-24). "Arkose Labs Notches $22M In Microsoft-Led Round". PYMNTS.com. Retrieved 2020-07-23.
  14. "Microsoft Ventures rebrands as M12 to avoid 'confusion' about its purpose". venturebeat.com. 2018-04-30. Retrieved 2018-04-30.
  15. "Microsoft Accelerator Launches New Program For Late Stage Startups In India". TechCrunch. February 11, 2014.
  16. Economictimes.com (Feb 11, 2014). "16 tech startups selected for Microsoft Ventures Accelerator Program's latest batch". The Economic Times. Retrieved 11 March 2014.
  17. Berlin Accelerator Kicks Off Batch 3 with 8 Diverse Startups, Microsoft Ventures. Archived 2015-12-23 at the Wayback Machine
  18. "Farmflo secures backing from Microsoft". Retrieved 4 February 2016.
  19. "Farmflo selected to join Microsoft mentoring programme". Retrieved 4 February 2016.
  20. Microsoft Ventures graduates 11 tech startups from fifth batch of India Accelerator program, Microsoft, December 5, 2014, retrieved July 22, 2017
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