SAP Ventures, the venture capital arm of the German software giant, successfully raises over $1 billion in the past 12 months to keep tabs on IT innovation.
SAP Ventures posted some metrics to the company blog. Among the most impressive figures was — “SAP Ventures is adding a new business development team of ten people who will help with customers, partners and other advice.”
SAP Ventures is also planning to expand its global presence and focus on big data and analytics startups with the establishment of a dedicated 10-person business development team.
Five of its portfolio companies went public, including Control 4, Just Dial, Marin Software, Tremor Video and Violin Memory. Seven of its portfolio companies were acquired, including Aepona, Apriso, Datria, ExactTarget, Ignite, ScaleIO and Voxeo.
SAP Ventures has 12 exits this year and its recent IPOs include Control 4, Marin Software, Tremor Video and Violin Memory. Acquisitions include ExactTarget, ScaleIO and Voxeo. Other investments include LinkedIn and Box.
“We believe that we represent a new breed of venture capital funds. We are in a unique position of being independent and yet having unparalleled access to one of the world’s largest global ecosystems of enterprise customers and partners,” said Nino Marakovic, CEO and managing director, SAP Ventures.
“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.”