M12

Microsoft's venture fund — early-stage enterprise software, AI infrastructure and frontier compute.

M12, Microsoft's venture fund, was founded in 2016 as Microsoft Ventures and invests in early-stage companies aligned with Microsoft's platform strategy, giving portfolio founders access to the company's enterprise customers, cloud infrastructure and go-to-market channels. Led since 2021 by corporate vice president and global head Michelle Gonzalez, the fund concentrates on enterprise AI, cybersecurity, developer tools, vertical SaaS and frontier areas like AI silicon and quantum computing.

m12.vc

San Francisco, United Statesest. 2016North America

← All investors

Notable partners

Michelle GonzalezCorporate Vice President and Global Head
LinkedIn ↗
Michael StewartManaging Partner
LinkedIn ↗
Cheryl ChengManaging Partner
LinkedIn ↗
Todd GrahamManaging Partner

Marquee investments

d-Matrixco-led the 2022 round in the AI-inference chipmaker
Inworld AIbacker with Michael Stewart on the board

M12

Notable partners

Marquee investments

In the FOBI roster — rounds they led

Invests at

Focus areas

Sources