Six years after it spun out SAP Ventures, the enterprise software producer has formed a corporate venturing arm called SAP.IO Fund together with an incubator scheme.
Germany-based enterprise software provider SAP launched a $35m corporate venture capital fund called SAP.IO Fund yesterday that will invest in early-stage companies to expand the SAP ecosystem.
SAP had previously directed its corporate venturing activities through SAP Ventures, the investment subsidiary it launched in 1996.
The unit’s portfolio companies included LinkedIn and MuleSoft by the time it was spun out as an independent VC firm at the start of 2011. It rebranded to Sapphire Ventures in 2014 but retains…
