SAP Ventures, the independent venture capital firm affiliated with SAP AG, has raised more than US$650 million for a new direct investment fund, SAP Ventures Fund II. The company has raised a further US$405 million for its SAP HANA Real Time Fund, which invests in early stage VC funds. 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 noted its record results this year: 12 initial public offering (IPO) and merger and acquisition (M&A) events to date in 2013. 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 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."