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    SAP

    Walldorf, GermanyFounded 1972
    www.sap.com/index.html
    Enterprise SoftwareAIHR & TalentData & AnalyticsEducationFintechGovernment & CivicMedia & EntertainmentMarketing & AdvertisingCybersecurity

    SAP's venture capital arm, SAP.iO, focuses on early-stage investments in B2B enterprise software startups that expand the SAP ecosystem, particularly in areas like AI, machine learning, blockchain, and IoT enterprise applications. Additionally, SAP.iO prioritizes inclusive entrepreneurship by supporting startups founded or led by underrepresented entrepreneurs.

    Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Their most common stage is series-b (41% of deals). Average disclosed round size is $65.9M (across 17 rounds with reported amounts).

    Find people at SAP on Goldilocks AI

    Portfolio

    17

    Fund Size

    $10B

    Top Stage

    Series B

    Last 12 Mo

    1

    Portfolio Breakdown

    Stage Distribution

    Sector Distribution

    Investment Activity

    DealsAvg Round Size

    Portfolio

    17 investments
    CompanyRoundAmountDate
    Deepgram logoDeepgramSeries C$130MJan 2026
    Plato logoPlatoPre-Seed$6MNov 2024
    TechWolf logoTechWolfSeries B$42.8MJun 2024
    Aleph Alpha logoAleph AlphaSeries B$500MNov 2023
    WeGift logoWeGiftSeries B$32MNov 2022
    SSednaSeries B$34MJul 2021
    Deepgram logoDeepgramSeries A$12MMar 2020
    AAlchemist AcceleratorSeed$2.1MJan 2015
    Alteryx logoAlteryxSeries B$60MOct 2014
    SScytlSeries C$104MAug 2014
    GGildSeries B$13.5MJun 2014
    MMuleSoftGrowth$50MMar 2014
    TTicketflySeries C$22MJul 2012
    DocuSign logoDocuSignSeries D$47.5MJul 2012
    OOpenXSeries D$20MMay 2011
    BBlack Duck SoftwareUnknown$9.5MFeb 2009
    Krux logoKruxSeries B$35M—

    Top Co-Investors

    Accel3 shared
    Nvidia2 shared
    Y Combinator2 shared
    Cisco Investments2 shared
    Salesforce2 shared
    Insight Partners2 shared
    Wing VC1 shared
    General Catalyst1 shared
    Fidelity Investments1 shared
    Flagship Ventures1 shared
    Intel Capital1 shared
    Red Hat1 shared
    NEA (New Enterprise Associates)1 shared
    Lightspeed Venture Partners1 shared
    Meritech Capital1 shared
    Morgenthaler Ventures1 shared
    Menlo Ventures1 shared
    Baseline Ventures1 shared
    Correlation Ventures1 shared
    Northgate Capital1 shared

    Last updated: 16 April 2026