Sierra Ventures focuses on investments in a variety of technology companies including those involved in enterprise software, Internet and web applications, software-as-a-service, security, mobile applications, telecommunications, semiconductors, hardware systems, components and subsystems, storage and energy. The firm invests in companies located in North America, Europe, China and India. Two-thirds of their investments are in companies located outside of the San Francisco Bay Area. Sierra Ventures invests across all stages of the lifecycle from seed to growth. Initial investments typically range from $2 million to $25 million, with as much as $3 million to $35 million invested over the life of a company. Sierra Ventures also makes select seed-stage investments of $500,000 to $2 million.