Sapphire Ventures Holds 14.9% Stake in Kaltura

TL;DR

**Sapphire Ventures still owns 14.9% of Kaltura, keeping a big seat at the table.**

AI Summary

Sapphire Ventures, L.L.C. filed an amended SC 13G/A on February 12, 2024, disclosing its beneficial ownership in Kaltura, Inc. As of December 31, 2023, Sapphire Ventures holds 7,980,295 shares of Kaltura's common stock, representing 14.9% of the company. This filing indicates a significant, but slightly reduced, stake by a major institutional investor, which could influence Kaltura's strategic decisions and stock performance.

Why It Matters

This filing shows that a major institutional investor, Sapphire Ventures, maintains a substantial stake in Kaltura, Inc., which can signal confidence or influence future corporate actions.

Risk Assessment

Risk Level: low — This filing is an amendment to a previous disclosure and indicates a stable, albeit slightly adjusted, ownership position by a major investor, not a new, volatile event.

Analyst Insight

An investor should note that a significant institutional holder like Sapphire Ventures maintains a substantial stake, which could provide some stability or influence in Kaltura's corporate governance. Monitor future filings for any significant changes in their ownership percentage, as large increases or decreases could signal a shift in their confidence in the company.

Key Numbers

• 7,980,295 — Shares Beneficially Owned (This is the total number of Kaltura shares Sapphire Ventures, L.L.C. has sole voting and dispositive power over.)
• 14.9% — Percentage of Class (This represents a significant ownership stake in Kaltura, Inc. by Sapphire Ventures, L.L.C.)

Key Players & Entities

• Sapphire Ventures, L.L.C. (company) — the reporting person beneficially owning shares of Kaltura, Inc.
• Kaltura, Inc. (company) — the issuer of the common stock
• 7,980,295 (dollar_amount) — number of shares beneficially owned by Sapphire Ventures, L.L.C.
• 14.9% (dollar_amount) — percentage of Kaltura, Inc. common stock beneficially owned by Sapphire Ventures, L.L.C.
• December 31, 2023 (date) — the date of the event which requires the filing of this statement

Forward-Looking Statements

• Sapphire Ventures will maintain a significant, but potentially fluctuating, ownership stake in Kaltura, Inc. over the next year. (Sapphire Ventures, L.L.C.) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.0001 — Inc. (Name of Issuer) Common Stock, $0.0001 par value (Title of Class of Securiti

Filing Documents

• sapphire-kltr123123a2.htm (SC 13G/A) — 129KB
• 0001172661-24-000650.txt ( ) — 131KB

(a)Name of Issuer

Item 1. (a)Name of Issuer Kaltura, Inc. (the “Issuer”)

(b)Address of Issuer’s Principal

Item 1. (b)Address of Issuer’s Principal Executive Offices 860 Broadway, 3rd Floor New York, New York 10003

(a)Names of Person(s) Filing

Item 2. (a)Names of Person(s) Filing: This statement is being filed by Sapphire Ventures Fund II, L.P. (“Fund II”); Sapphire Ventures (GPE) II, L.L.C. (“Sapphire GP”), which is the general partner of Fund II; Sapphire Ventures, L.L.C. (“Investment Adviser”), which is the investment adviser for Fund II; and Nino Nikola Marakovic (“Marakovic”), who is a managing member of each of Sapphire GP and Investment Adviser. The persons named in this paragraph are referred to herein as a “Reporting Person” and collectively as the “Reporting Persons”. The Managing Members of Sapphire Ventures (GPE) II, L.L.C. are Jayendra Das, David Hartwig, Richard Douglas Higgins, Nino Marakovic, and Andreas Weiskam.

(b) Address

Item 2. (b) Address: The address of the principal business office of the Reporting Persons is 801 W. 5th St., Ste 100, Austin, TX, 78703.

(c)Citizenship

Item 2. (c)Citizenship: The Investment Adviser is a limited liability company organized under the laws of the State of Delaware. Fund II is a limited partnership organized under the laws of the State of Delaware. Sapphire GP is a limited liability company organized under the laws of the State of Delaware. Marakovic is an individual who is a citizen of the United States.

(d)Title of Class of Securities

Item 2. (d)Title of Class of Securities Common Stock, $0.0001 par value (the “Shares”)

(e) CUSIP No

Item 2. (e) CUSIP No.: 483467106 CUSIP No. 483467106 SCHEDULE 13G/A Page 7 of 10 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) o An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 483467106 SCHEDULE 13G/A Page 8 of 10 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. Sapphire Ventures, L.L.C. (a) Amount beneficially owned: 7,980,295 (b) Percent of class: 5.9% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 7,980,295 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 7,980,295 (iv) Shared power to dispose or to direct the disposition of: 0 Sapphire Ventures Fund II, L.P. (a) Amount beneficially owned: 7,980,295 (b) Percent of class: 5.9% (c)

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View this SC 13G/A filing on SEC EDGAR