SAP Ventures, an independent investment organization affiliated with SAP AG, recently raised more than USD 650 Mn for a new direct investment fund, SAP Ventures Fund II. The fund will benefit the companies which are currently in the ‘expansion stage’ and have a product with a proven business model. With the launch of this new fund, the firm’s total assets under management increased to more than USD 1.4 Bn.
Prior to this, the firm had launched two funds, viz. SAP venture fund I -USD 353 Mn direct investment fund in 2011 and in 2012, SAP HANA Real Time Fund – USD 405 Mn fund of funds to invest in and partner with leading early stage venture funds.
With this new fund, the firm aims at giving entrepreneurs and startups access to multiple strategic revenue channels. To execute on its strategy, SAP Ventures is building out a dedicated, 10-person internal business development team located in US, Europe and Asia — to connect its portfolio companies with customers, go-to-market partners and technology and industry experts in the enterprise ecosystem.
SAP Ventures was founded in 1997 and has invested in more than 125 companies across five continents. In India, SAP Ventures has invested in four companies viz. Justdial, iYogi, One97 Communications and NewGen.
Till date, SAP Venture’s funding strategies have been quite successful, with its investments giving good returns to the firm. This year, five of its portfolio companies went public, including Control 4, JustDial, Marin Software, Tremor Video and Violin Memory. Also, Seven of its portfolio companies were acquired.
SAP Ventures is a California, US based fund which provides both the funding and expertise to the tech startups for smart growth. The firm typically invests USD 5 Mn to USD 20 Mn initially and can invest significantly larger amounts over time. It invests in companies that serve Enterprises directly (B2B), have Enterprises as go-to-market partners (B2B2C), or improve the lives of consumers every day (B2C).
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