M12

Other · San Francisco, California

M12 is a direct investment firm based in San Francisco, California. 71 portfolio companies and 5 recorded rounds are on record.

AUM
—
Portfolio companies
71
Recorded deals
5
1 in last 12M
Last investment
Jan 2026

M12 key facts

  • M12 is a other based in San Francisco, California with 71 tracked portfolio companies.
  • Notable positions include PsiQuantum, Armada (Commercial Products), d-Matrix.
  • PrivateMarketView records 5 deal participations by M12.
  • M12’s most recent recorded investment was in Jan 2026, one of 1 in the last 12 months and 2 over two years.
  • The team roster lists 2 people.

About M12

M12 is a direct investment firm based in San Francisco, California. Established in 2016, the firm is an active, strategic partner at key stages of a startup's growth, typically investing between Series A and C. It operates as a subsidiary of Microsoft. The assets of the firm are managed and governed by an executive management team.

Investment activity

M12 joined 2 recorded rounds in the last two years (1 in the last 12 months), up from 1 in the two years before. By year: 1 in 2026, 1 in 2025 and 1 in 2024. Across all 5 recorded rounds, 3 were later-stage and 2 were early-stage. M12 most often invests alongside Founders Fund (3 shared rounds), Baillie Gifford (2 shared rounds) and BlackRock (NYS: BLK) (2 shared rounds). Most recently: Neurophos (Series A, Jan 2026) and Armada (Commercial Products) (Series B2, Jul 2025).

M12 portfolio at a glance

71 portfolio companies are on record for M12, including PsiQuantum, Armada (Commercial Products) and d-Matrix.

52 of the 71 carry a recorded valuation and 1 have recorded secondary-market trades, the names a secondary buyer or seller can price.

M12 team

2 people are on record at M12: 1 partner and 1 principal. Senior names include Marion Desmazières (Senior Portfolio Development Manager) and Michelle Gonzalez (Corporate Vice President). 2 of them have a verified direct contact on file.

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Portfolio

71 companies · priced for members
CompanyValuationRole
PsiQuantum▮▮
Armada (Commercial Products)▮▮
d-Matrix▮▮
+ 68 more companies · all 71, priced and dated
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M12 recent deals

5 recorded
Jan 2026NeurophosLater Stage VC (Series A)▮
Jul 2025Armada (Commercial Products)Early Stage VC (Series B2)▮
Aug 2024Armada (Commercial Products)Early Stage VC (Series B1)▮
+ 2 more deals · amounts and lead flags are a member featureUnlock all 5 deals

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Team
2 people on record — 2 with verified contacts

Partners, principals, and the people who answer a pitch. Pro members reveal contacts with credits.

See the team →

Frequently asked about M12

What companies does M12 invest in?
M12 has 71 recorded portfolio companies, including PsiQuantum, Armada (Commercial Products), d-Matrix.
Is M12 actively investing?
M12's most recent recorded investment was in Jan 2026, with 1 investments in the last 12 months.