Regional News

Sapphire Ventures hires former President of Trulia, Paul Levine as Partner

By Gordana Davila 0 Comments NEWS, Regional News

Paul Levine (Photo: Sapphire Ventures)

Sapphire Ventures, currently one of the leading venture capital firms with $2.5 billion under management that invests in emerging growth-stage companies and early-stage venture funds, recently announced the hiring of Paul Levine as a Partner. In the new role, Levine will be responsible for leading direct investments for the firm and help expand its consumer investing footprint.

Levine joins Sapphire's direct investment team, which partners with extraordinary entrepreneurs to help them build companies of consequence through an active, collaborative approach. He will focus on expanding the consumer investments portfolio*, which includes investments in 23andMe, DocuSign, Fitbit, LinkedIn (acquired by Microsoft), Paytm, Sun Basket, Ticketfly (acquired by Pandora) and TransferWise. Paul will also invest in high-growth marketplace, fintech and real estate technology companies.

Nino Marakovic, CEO and managing director at Sapphire Ventures said, "Paul's track record of building and scaling consumer companies is exceptional. He will no doubt leverage his unique experience and perspective to help us both grow our portfolio and help our companies scale successfully."

Prior to joining Sapphire Ventures, Paul held executive leadership roles at E*TRADE, Yahoo! (acquired by Verizon), Trulia and Zillow Group. Most recently, as Trulia's president and COO, Levine helped lead Trulia's transformation from a private 100-person company with $20 million in revenue, to a successful standalone public company, to its eventual merger with Zillow Group to create a company with more than 3,000 employees, $1 billion in revenue and $10 billion in market capitalization.

"Joining Sapphire Ventures is an exciting next step in my career, as I utilize my experience building and scaling consumer companies to help Sapphire's existing portfolio and lead new investments for the firm," said Levine. "What really drew me to Sapphire is the firm's outstanding track record, combined with the talented team and strong culture that the firm has built. I'm thrilled to be joining the Sapphire team and can't wait to further our mission of helping the next generation of entrepreneurs build category-defining businesses."

SOURCE Sapphire Ventures
Edited by G. Davila

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