SAP Spinoff Venture Capital Group Raises $1.4 Billion for New Opportunities
Sapphire Ventures has raised $1.4 billion for growth investments, an outlet that will also provide $150 million to boost larger deals. The group, which spun out of SAP, has traditionally focused on enterprise technology companies that operate out of Israel and Europe. It has successfully funded companies like Sumo Logic, TransferWise, and 23andMe. The capital raise represents the largest event to date. The venture arm now has an AUM of $4 billion.
