SAP pumps 250 million into it's VC chest

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May 16, 2013, 9:23am PDT

SAP pumping another $250 million into its venture capital war chest

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Business Journal

SAP Ventures CEO Nino Marakovic. His Palo Alto-based firm got another $250 million to work with this week from its parent, German software company SAP AG.

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By Luke Stangel

German software giant SAP has committed another $250 million into its HANA Real Time Fund, bringing the fund’s total to $405 million. The company’s Palo Alto-based venture team plans to hire more than a dozen new employees over the next 18 months.

SAP launched its venture arm in 2011 and has since invested $353 million directly into startups. The firm’s HANA fund invests in other venture firms, such as SV Angel and August Capital.

SAP is the world’s largest business software company, employing more than 61,000 people worldwide and pulling in $20 billion in revenue last year. By forming an investment arm, SAP is able to get a peek at the newest software innovations coming out of Silicon Valley.

In a January interview with the Business Journal, SAP Ventures CEO Nino Marakovic said his firm had to contend with inflated valuations for later-stage enterprise software startups. Marakovic previously worked as a partner at Draper Fisher Jurvetson and IVF Ventures.

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