Partnership on a global scale

M12 is a return-driven fund, with Microsoft as our sole limited partner. We are cloud agnostic and invest in early-stage enterprise software companies globally. Our mission is to empower entrepreneurs with capital, customer connections, and unparalleled access to Microsoft.

Microsoft CEO Satya Nadella | Outreach CEO Manny Medina

Microsoft team members in discussion
Julia Liuson | CVP, Developer Division | Microsoft
Curated engagements with Microsoft decision makers

Our principles

In your corner

We believe that being fully aligned with founders is the only way to drive value to all stakeholders.

Partnering deliberately

We aim to bring more than capital to the table, and invest only when we can meaningfully contribute to the growth of a startup.

Patient capital

If we choose to invest, we’re with you for the long term—for your company’s lifecycle. We aren’t driven by artificial milestones or deadlines.

Committed to transparency

If we choose not to invest, we'll explain why, and try our best to suggest other ways to get access to funding.

Major milestones


  • Microsoft Ventures founded with offices in San Francisco, Seattle, and Tel Aviv
  • First investments include Kahoot!, CloudSimple, and Figure Eight


  • Innovate.AI competition with Madrona Venture Group, Notion Capital, and Vertex Ventures


  • Microsoft Ventures becomes M12
  • Inaugural Female Founders Competition with EQT Ventures and SVB Financial Group
  • Microsoft acquires Bonsai
  • Siemens acquires Comfy
  • Nutanix acquires Frame


  • Inaugural M12 Summits in Seattle and India
  • Livongo IPO
  • Google acquires CloudSimple
  • Cisco acquires Voicea


  • London office opens
  • Bengaluru office opens
  • Second Female Founders Competition with Mayfield and Melinda Gates' Pivotal Ventures
  • Epic Games acquires SuperAwesome
  • ServiceNow acquires Element AI


  • IPOs: Kahoot!, Markforged, Bakkt, Vertical Aerospace
  • Twilio acquires Zipwhip
  • Qualcomm acquires TwentyBN