Investor profile
M12 (Microsoft's Venture Fund)
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Analyse your fitInvestment thesis
M12 invests in promising seed-through-Series-B companies that are changing the way we live and work, harnessing the power of Microsoft to help today's most innovative startups become tomorrow's technology leaders. The fund's strategy is tightly aligned to Microsoft, focusing on five core areas: AI Apps, Security for AI, AI Cloud Infrastructure, AI Data Ops & Models, and Deep Tech & Systems. As Michelle Gonzalez, Corporate Vice President and Global Head of M12, states: 'We've leaned into the M of M12. Our investment strategy is tightly aligned to Microsoft. This helps us create exceptional value through connections, customers, and unique benefits for our portfolio companies.' M12 is uniquely positioned to support founders tackling enterprise challenges because it invests where Microsoft brings deep expertise—enterprise environments, technology, global scale, and mission-critical systems—providing portfolio companies with access to Microsoft's enterprise customers, Azure credits, GitHub distribution, and the M12 CISO Network.
Notable quotes
“We've leaned into the M of M12. Our investment strategy is tightly aligned to Microsoft. This helps us create exceptional value through connections, customers, and unique benefits for our portfolio companies.”
“M12 is uniquely positioned to support founders tackling these challenges because we invest where Microsoft brings deep expertise—enterprise environments, technology, global scale, and mission-critical systems. Our investors are thesis driven and often will spend months getting to know a space, going deep, which builds credibility with founders before an investment.”
“Reach is redefining [what AI-powered security looks like]. Their AI-powered assistant and extensible [platform] align directly with the needs of enterprise [customers navigating] Trust, navigating compliance, and helping customers migrate to [modern security].”
Team
Alan Du
Partner
Michelle Gonzalez
Corporate Vice President and Global Head
Todd Graham
Managing Partner
Recent investments
| Company | Round | Size | Date |
|---|---|---|---|
| Reach Security | Strategic | $10m | 2025-07-29 |
| Solve Intelligence | Series A | $12m | 2025-04-10 |
| NeuBird | Seed Extension | $23m | 2024-12-11 |
| Edera | Series A | $15m | 2025-01-01 |
| Neon | Series B | $26m | 2024-08-07 |
| PsiQuantum | Series D | — | — |
| At-Bay | Series D | — | — |
| Inworld AI | Series A | $50m | 2022-08-23 |
| d-Matrix | Series B | — | — |
| Aqua Security | Series E | — | — |
Frequent co-investors
| VC firm | Deals together |
|---|---|
| NVIDIA | 13 |
| Lightspeed Venture Partners | 13 |
| Salesforce Ventures | 12 |
| Andreessen Horowitz | 11 |
| GV (Google Ventures) | 11 |
| Tiger Global Management | 9 |
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