SAP Ventures Fund I will invest in software and software-enabled service companies globally and builds on the team's work since 1997.

Germany-based software company SAP has set up a $350m corporate venturing fund to hold its existing portfolio companies and make new deals.

SAP Ventures Fund I will invest in software and software-enabled service companies globally and builds on the team’s work since 1997.

SAP Ventures, run by Nino Marakovic, has funded and helped build more than 100 companies with goals to create financial returns and facilitate interaction between innovative companies, SAP and its broader ecosystem.

About a third of the…