Wednesday, October 2, 2013

SAP Ventures Raises $650M Fund

Palo Alto-based venture investor SAP Ventures, the independent venture capital investor affiliated with SAP AG, said this morning that it has raised another investment fund, worth $650M. SAP Ventures said that its SAP Ventures Fund II brings its total raised this year to more than $1 billion. The investor had raised an earlier, $405M fund-of-funds, the SAP HANA Real Time Fund. SAP Ventures investments include Control 4, Just Dial, Marin Software, Tremor Video and Violin Memory.