SAP raises $650m to cram into upstarts' pockets | Print4Pay Hotel

Art PostAdmin VIP

SAP has announced that it has raised $650m for a new venture fund to invest in startups under its subsidiary SAP Ventures.

The investment firm is independent, but draws its cash from the software giant to invest in upstarts that may one day help the parent business.

<noscript>&lt;a href="http://pubads.g.doubleclick.net/gampad/jump?iu=/6978/reg_business/financialnews&amp;amp;sz=300x250|300x600&amp;amp;tile=3&amp;amp;c=33Uk1Wt6wQrMkAAH9m2kIAAAK@&amp;amp;t=ct%3Dns%26unitnum%3D3%26unitname%3Dwww_top_mpu%26pos%3Dtop%26test%3D0" target="_blank"&gt;&lt; img src="http://pubads.g.doubleclick.net/gampad/ad?iu=/6978/reg_business/financialnews&amp;amp;sz=300x250|300x600&amp;amp;tile=3&amp;amp;c=33Uk1Wt6wQrMkAAH9m2kIAAAK@&amp;amp;t=ct%3Dns%26unitnum%3D3%26unitname%3Dwww_top_mpu%26pos%3Dtop%26test%3D0" alt=""&gt;&lt;/a&gt;</noscript>

"We are in a unique position of being independent and yet having unparalleled access to one of the world's largest global ecosystems of enterprise customers and partners," said Nino Marakovic, CEO and MD at SAP Ventures. "[Entrepreneurs] get the best of both worlds - an unmatched mix of independent funding and the relationships of an enterprise powerhouse." read more here

10/3/137:38 AM

Original Post

Add Reply

Sign In To Reply

<div id="{%=id%}" class="reveal-modal small h-alert-modal-popup" data-reveal>
    <div class="first-modal-focus focus-utility-element" tabindex="0" aria-label="Inside Modal"></div>

<h4 id="{%=id%}_title" class="margin-bottom-10 popup-title"></h4>
    <div id="{%=id%}_body" class="margin-bottom-10 popup-body">
        </div>

<ul id="{%=id%}ButtonGroup" class="button-group h-popup-buttons even-button-group even-1">
    <li id="{%=id%}Okay_buttonContainer"><a id="{%=id%}Okay" href="javascript:void(0);" class="button success no-margin-bottom h-alert-modal-ok-button" role="button">OK</a><script type="text/javascript">
        (function() {
            function {%=id%}Okay_click(event, data) {
            {%=id%}Popup.hide();
        }
        
                $('#{%=id%}Okay').on('click', {%=id%}Okay_click);
        })();
    </script></li></ul><a href="javascript:void(0);" class="close-reveal-modal" aria-label="Close Modal">&#215;</a><div class="last-modal-focus focus-utility-element" tabindex="0"></div>
</div>
<script type="text/javascript">
        (function() {
            {%=id%}Popup = new SS.Popup.ModalPopup('{%=id%}');
        })();
    </script>