New SAP Fund To Target Late-Stage Software Startups

SAP Ventures has no plans to miss the next big technology wave.

This month, the venture capital unit of business software giant SAP (SAP) launched a new investment fund, with more than $650 million.

Combined with its two existing funds, SAP Ventures now manages more than $1.4 billion.

SAP is stepping up its funding efforts amid a flurry of tech IPOs and M&As.

This year, four of its portfolio companies — Control4 (CTRL), Just Dial (which went public in India), Marin Software (MRIN) and Tremor Video (TRMR) — have made their IPOs. Another seven were acquired.

Its prior investments have included LinkedIn (LNKD), Red Hat (RHT) and WebEx, acquired by Cisco Systems (CSCO) for $3.2 billion in 2007.

Nino Marakovic, chief executive of SAP Ventures, recently spoke with IBD about the firm's strategy.

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