SAP Ventures accelerates strategy with new direct investment

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

SAP Ventures accelerates strategy with new direct investment 
The independent venture capital firm, SAP Ventures affiliated with SAP AGhas announced that it has raised more than US$650 million for a new direct investment fund, SAP Ventures Fund II.

Taken together with SAP HANA Real-Time Fund, SAP Ventures has added more than US$1 billion in new funds in 12 months. Inclusive of SAP Ventures Fund I, a US$353 million direct investment fund launched in 2011, the firm’s total assets under management increased to more than US$1.4 billion. SAP Ventures has also announced that it is building out a 10-person business development team to enable its portfolio companies to easily access and leverage the unmatched capabilities and expertise of one of the world’s largest enterprise ecosystems through its limited partner, SAP AG.

Dr Vishal Sikka, Member of the Executive Board of SAP AG, said, SAP Ventures is an integral partner of the innovation drive and intellectual renewal happening at SAP. They are helping us build a broader ecosystem that includes some of the most innovative founders, developers and venture capitalists. I have been a big supporter of SAP Ventures over the years. We are proud of our commitment to their newest fund and I look forward to supporting them on their journey.

In addition, SAP Ventures will continue to build a larger network of portfolio companies and investment experts through its fund of funds, the SAP HANA Real Time Fund........See More

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