Germany-based enterprise software company SAP has invested an undisclosed amount in one of two private equity funds run by Germany corporate-backed state venture fund High-Tech Gründerfonds (HTGF).
High-Tech Gründerfonds is public private partnership firm with German government sponsored investors such as the Federal Ministry of Economics and Technology, and the state run KfW Banking Group. Corporate backers of HTGF include Deutsche Telekom, Daimler AG, Deutsche Post DHL, and Carl Zeiss.
HTGF specializes in providing seed stage funding to…

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