SAP Ventures says it’s put together a new $650 direct investment fund, which together with its existing SAP HANA Real Time Fund, brings $1 billion or so in new funds to the market in the last year.
The VC arm of German enterprise software giant, SAP Ventures, says it now has more than $1.4 billion under management and is putting together a 10-person business team to work with its portfolio companies.
The parent company made its name in critical ERP systems that big companies use to manage inventory and track sales but, in the past few years, it’s tried to remake itself around HANA, its real-time analytics database and to encourage startups to use that technology.
SAP Ventures claimed a banner year with 12 portfolio companies launching IPOs or participating in “merger and acquisition events.” Of course that total includes the rather lackluster Violin Memory IPO as well as Control 4, Just Dial, Marin Software, and Tremor Video. Seven companies –Aepona, Apriso, Datria, ExactTarget, Ignite, ScaleIO and Voxeo – were acquired. LinkedIn was another SAP Ventures-backed company that went public.
In a statement SAP Ventures CEO and managing director Nino Maracovic said his company, which claims independence from the bigger SAP, still has “unparalleled access to one of the world’s largest global ecosystems of enterprise customers and partners.”
“As a result, we help entrepreneurs tap into proven approaches for customer acquisition and international expansion. They get the best of both worlds — an unmatched mix of independent funding and the relationships of an enterprise powerhouse.”