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2013-10-05

SAP ventures raises US$1 bllion in last 12 months

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

SAP Ventures, the independent venture capital firm affiliated with SAP AG 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, a US$405 million fund-of-funds that invests in early stage VC funds, 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 also announced it is building out a dedicated10-person business development team toenable its portfolio companies to easily access and leverage theunmatched capabilities and expertise of one of the world’s largest enterprise ecosystems through its limited partner, SAP AG.

 

SAP Ventures has seen record results this year, with 12initial public offering(IPO) and merger and acquisition (M&A)events todate in 2013. Fiveof its portfolio companies went public, including Control 4, Just Dial, Marin Software, Tremor Videoand Violin Memory. Seven of its portfolio companies were acquired, including Aepona, Apriso, Datria, ExactTarget, Ignite, ScaleIO and Voxeo.

 

“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,” said Dr. Vishal Sikka, member of the Executive Board of SAP AG.

 

“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.” Added Sikka.

 

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