About SAP.iO
SAP.iO, an accelerator and incubator program founded in 2017, is based in San Francisco, United States. With a presence in 28 countries, it has supported around 257 startups in sectors like Enterprise Applications, High Tech. As of Aug 2026, SAP.iO has 4 unicorns under its belt and has witnessed 54 portfolio exits. Most notable companies in
its portfolio include Airwallex, 360Learning and BigID. The program is backed by a team of 11 people who primarily support Series A startups based in United States. Its latest investment was a $8.5M Seed round in Nova Intelligence on May 05, 2026, which also saw participation from Accel and Conviction.
Key Metrics
Founded Year
2017
Location
San Francisco, United States
Portfolio Companies
Sectors of Investment
Stages of Investment
Series A, Seed & 2 more
Locations of Investment
SAP.iO's List of Top Investments
SAP.iO has a portfolio of 257 companies, including 4 unicorns. Their most notable investments are in Paradata and Praktice.Their portfolio spans across United States, Germany, France and 25 more locations. They have invested in Enterprise Applications, High Tech, Retail and 26 other sectors, across stages such as Series A, Seed and 2 more. Here is the list of top investments by SAP.iO:1. Airwallex
Provider of financial infrastructure for processing payments and managing treasury. This platform enables businesses to accept payments, issue corporate cards, and manage expenses through integrated software. It facilitates currency conversion, international fund transfers, and automated billing processes. The system provides application programming interfaces for embedding financial services into other software products. It supports account management, payout distribution, and reconciliation workflows for commercial operations.
Key facts about Airwallex
- Founded Year: 2015
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $1.9B
- Employee Count: 2,835 as on Jul 31, 2026
- Investors: T. Rowe Price, Baillie Gifford and 51 Others
- Latest Funding Round: Series H, Jun 25, 2026, $*****
- Highlight: Editors' Pick
2. 360Learning
Provider of software for employee training and collaborative learning management. This platform facilitates the creation and distribution of educational content for onboarding, compliance, and professional development. It includes tools for video coaching, skill tracking, and administrative oversight of training programs. The system integrates with existing technical infrastructure to centralize internal and external learning activities. Users access training materials through a unified interface designed to support organizational knowledge sharing and staff development.
Key facts about 360Learning
- Founded Year: 2010
- Location: Paris (France)
- Stage: Series C
- Total Funding till date: $243M
- Employee Count: 51 - 200 as on Mar 01, 2026
- Investors: Sumeru Equity Partners, SLW and 12 Others
- Latest Funding Round: Grant (prize money), Jul 24, 2025, $*****
- Highlight: Editors' Pick
3. BigID
Provider of data security, privacy, compliance, and AI governance platform. The platform offers data discovery, classification, and security across various environments. It facilitates risk remediation, data loss prevention, access governance, and data protection. The platform also provides data mapping, data masking, and compliance control automation. It helps manage regulatory risk, automate assessments, and address violations.
Key facts about BigID
- Founded Year: 2016
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $308M
- Employee Count: 600 as on Jul 31, 2026
- Investors: Western Technology Investment, Glynn Capital and 34 Others
- Latest Funding Round: Series D, Feb 08, 2024, $*****
- Highlight: Editors' Pick

4. RealWear
Manufacturer of AI-voice-powered smart glasses for frontline industrial workforces. The company's smart glasses are purpose-built to increase productivity, safety, and efficiency across multiple industries. The glasses integrate with software solutions to address challenges faced by industrial workers. The company offers intrinsically safe devices certified for use in combustible areas.
Key facts about RealWear
- Founded Year: 2016
- Location: Vancouver (United States)
- Stage: Series C
- Total Funding till date: $136M
- Employee Count: 76 as on Jul 31, 2026
- Investors: Qualcomm Ventures, LionRock Capital and 13 Others
- Latest Funding Round: Series C, Jul 23, 2026, $*****
- Highlight: Editors' Pick

5. Centrifuge
Provider of the decentralized platform to connect the financial supply chain. It allows businesses to transact on a network while maintaining ownership of their data, including validated company details, business relationships, and transactions. It also enables businesses to exchange financial documents such as invoices, purchase orders, and company data.
Key facts about Centrifuge
- Founded Year: 2017
- Location: San Francisco (United States)
- Stage: Series A
- Total Funding till date: $27.1M
- Employee Count: 50 as on Jul 31, 2026
- Investors: Isomer Capital, Mosaic Ventures and 43 Others
- Latest Funding Round: Series A, May 05, 2026, $*****
- Highlight: Editors' Pick
SAP.iO's Year-on-Year Investment Trends
SAP.iO has invested in 257 companies over the last 9 years, with an average of 1 new investment annually in the last 5 years. As of May 2026, it has made 2 investments in this year. Its most recent first time investment was in Nova Intelligence and most recent follow-on round was in Nova Intelligence.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 1 | 2 |
2025 | 0 | 0 | 0 |
2024 | 0 | 0 | 0 |
2023 | 0 | 0 | 0 |
2022 | 2 | 3 | 5 |
2021 | 1 | 4 | 5 |
2020 | 6 | 6 | 12 |
2019 | 12 | 1 | 13 |
2018 | 4 | 1 | 5 |
2017 | 5 | 0 | 5 |
SAP.iO's Investments by Stage
SAP.iO has made 16 investments in Series A stage with an average round size of $10.7M, 12 investments in Seed stage with an average round size of $3.1M, 2 investments in Series B stage with an average round size of $23.2M and 1 investment in Series C stage with an average round size of $40M.Stage of entry | No. of Investments |
|---|---|
Series A | 16 |
Seed | 12 |
Series B | 2 |
Series C | 1 |
Note: We have considered here, only first round of investments
SAP.iO's Investments by Sector
SAP.iO has a diverse portfolio, with companies operating in the Enterprise Applications, Vertical SaaS, High Tech, Consumer and Enterprise Infrastructure. Notably, it has invested in 243 Tech companies, 239 Enterprise (B2B) companies, 216 Software companies and at least 149 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 28 |
Vertical SaaS | 13 |
High Tech | 10 |
Consumer | 7 |
Enterprise Infrastructure | 5 |
Others | 29 |
Note: We have considered here, only first round of investments
SAP.iO's Investments by Geography
SAP.iO has made most investments in United States (12), followed by France where it has made 5 investments.Country | No. of Investments |
|---|---|
United States | 12 |
France | 5 |
United Kingdom | 4 |
Germany | 3 |
India | 2 |
Others | 5 |
Note: We have considered here, only first round of investments
SAP.iO's recent investments
SAP.iO has made 2 investments in 2026 so far - Nova Intelligence and Nova Intelligence.Here are the most recent investments by SAP.iO:
Date | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
May 05, 2026 | United States | Seed | 5448 | [+1] | |
Apr 30, 2026 | United States | Series A | 8431 | [+2] | |
Nov 26, 2022 | United States | Series B | 9703 | [+8] | |
Nov 15, 2022 | United Kingdom | Series B | 6942 | [+4] | |
Oct 24, 2022 | France | Series C | 4654 | [+7] |
Unicorns in SAP.iO's Portfolio
SAP.iO has 4 unicorns in its portfolio - Deepgram, Hasura, BigID and others. The most recent unicorn in their portfolio is Deepgram. It became a unicorn in 2026, 5 years after SAP.iO first invested in it.Here is a list of unicorns in SAP.iO's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of AI-based speech transcription software | 2015 | San Francisco | Series C | qqgvvgf | ||
57 | Developer of data access and AI integration software for businesses | 2013 | San Francisco | Series C | drghgfz | ||
72 | Provider of data security, privacy, compliance, and AI governance platform | 2016 | New York City | Series D | xhzelva | ||
83 | Provider of financial infrastructure for processing payments and managing treasury | 2015 | San Francisco | Series H | {dnnfgs |
IPOs and Publicly Listed companies in SAP.iO's Portfolio
1 of SAP.iO's portfolio company became public - InstaFreight.Here are SAP.iO's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
- | - | - | 7315 |
Acquired companies in SAP.iO's Portfolio
53 companies from SAP.iO's portfolio have been acquired. The most recent acquisition was ARpalus in Jul 2026 by Instacart for $*****.Here are SAP.iO's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 16, 2026 | - | - | 2627 | |
Jun 02, 2026 | - | - | 9088 | |
Apr 28, 2026 | Sep 18, 2019 | Seed | 7481 | |
Mar 19, 2026 | - | - | 2466 | |
Oct 09, 2025 | Sep 23, 2020 | Seed | 6257 |
Team profile of SAP.iO
SAP.iO has a team of 11 members including 2 Partners, 1 Venture Partner and 2 Principals located in India, France and 3 more locations. SAP.iO's team does not sit on the board of any company as of now.Here is a list of top team members in SAP.iO:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Jacksonville | - | ||
Partner | Paris | - | ||
Venture Partner | Buenos Aires | - | - | |
Principal | Bengaluru | - | ||
Principal | Munich | - |
Co-investors of SAP.iO
Over the past 9 years, 358 investors have co-invested in SAP.iO's portfolio companies. This includes funds and angels.
- Invested before SAP.iO: Boldstart Ventures, Genacast Ventures and 74 others have invested in rounds before SAP.iO. There is 1 company where Boldstart Ventures has invested before SAP.iO and 1 company where Genacast Ventures has invested before SAP.iO.
- Top Co-investors of SAP.iO: 68 investors entered a company along with SAP.iO. These include investors like Techstars (2 companies).
- Invested after SAP.iO: A total of 214 investors have invested in SAP.iO's portfolio after their investments. Top Investors include Tiger Global Management (3 companies) and SAP (3 companies).
Recent News related to SAP.iO
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Nova Intelligence Raises $31.5M Series A for SAP AI MigrationNewsdirectory3•May 07, 2026•Chemistry VC, Nova Intelligence, Nova Intelligence, Conviction and 2 others
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AutoScheduler Joins the SAP.iO Foundry New York Supply Chain Management ProgramGlobeNewswire•May 31, 2023•AutoScheduler, SAP, SAP.iO
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Lucy® Selected for SAP.iO Foundry B2B Innovation ProgramBusiness Wire•May 23, 2023•Lucy, SAP.iO, Morpheus Network
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Shippeo raises $40M to further supply chain visibility platform expansionFreightWaves•Oct 24, 2022•Battery Ventures, Partech Partners, NGP Capital, ETF Partners and 6 others
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Manta, a data observability startup, raises $35M to grow its workforceTechCrunch+•May 26, 2022•Forestay, Bessemer Venture Partners, SAP.iO, Senovo and 3 others
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SAP Startup Studio announces the launch of its fifth annual cohortCyberMedia India Online•Apr 28, 2022•SAP.iO
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Jina.ai raises $30M for its for its neural search platformTechCrunch+•Nov 22, 2021•Jina AI, Canaan, Notable Capital, Yunqi Partners and 2 others