SAP Ventures helps pump $14m into Savo Group

Jul 5, 2011 • Robert Lavine

Corporate venturing unit SAP Ventures is joining Sterling Partners in the latest round of funding raised by online sales consultancy Savo Group.

SAP Ventures, the corporate venturing division of Germany-based software company SAP, has led the $14m round for US-based online sales consultancy Savo Group.

Existing investor, US-based private equity firm Sterling Partners, also participated in the Series C round.

Sterling Partners had previously been the sole investor in Savo’s $10m series A round, in September 2005, according to the Illinois Venture Capital Association. A $10m series B round, funded by investors including Sterling Partners, followed in 2008. This means Savo has…

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