The venture capital fund formed and still funded by SAP has renamed itself to reflect its independent status.
SAP Ventures, the corporate venturing unit established by software producer SAP, rebranded itself yesterday as Sapphire Ventures.
Sapphire was spun off by SAP in 2011, though the corporate remains the firm’s sole limited partner. It has invested in more than 125 businesses, as well as funds, and currently has $1.4bn under management.
Nino Marakovic, CEO of Sapphire Ventures, said: “Sapphire Ventures will continue to draw on the powerful reach and resources of the SAP ecosystem, as we have done for…
