business-india-news

SAP Ventures raises USD 1 bln in one year

New Delhi, Oct 4 : Venture capital firm SAP Ventures on Friday announced it has raised more than USUSD 650 million for a new direct investment fund, SAP Ventures Fund II.


Taken together with SAP HANA Real Time Fund, a USUSD 405 million fund-of-funds that invests in early stage VC funds, SAP Ventures has added more than USUSD 1 billion in new funds in 12 months.

Inclusive of SAP Ventures Fund I, a USUSD 353 million direct investment fund launched in 2011, the firm's total assets under management increased to more than USUSD 1.4 billion.

SAP Ventures also announced it is building out a dedicated 10-person business development team to enable its portfolio companies to easily access and leverage the capabilities and expertise of SAP AG.

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.

--IBNS (Posted on 05-10-2013)

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