About SAP Ventures
SAP Ventures is a venture capital firm located in Palo Alto, United States. As of Feb 2014, SAP Ventures has invested in 42 companies. It primarily invests in Series C round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Enterprise Infrastructure and FinTech. Most recently it participated in the $***** Series C round of Kaltura Overall, SAP Ventures portfolio has seen 2 unicorns, 1 IPO and 33 acquisitions including key companies like LinkedIn, Ping Identity and Imprivata. A lot of funds co-invest with SAP Ventures, with names like DFJ sharing a substantial percentage of its portfolio. SAP Ventures has team of 9 people including 8 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Series C, Series B & 6 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Soonicorns
SAP Ventures' List of Top Investments
SAP Ventures has a portfolio of 42 companies, including 2 unicorns. Their most notable investments are in Zend and Kaltura.Their portfolio spans across United States, Germany, India and 2 more locations. They have invested in Enterprise Applications, Enterprise Infrastructure, FinTech and 11 other sectors, across stages such as Series C, Series B and 6 more. Here is the list of top investments by SAP Ventures:1. LinkedIn
Network of resources for professional networking, job searching, and skill development. It provides a platform for individuals to connect with other professionals in their industry. The network facilitates opportunities to find employment and internships across various sectors. Additionally, it offers learning resources for developing business, technical, and creative skills.
Key facts about LinkedIn
- Founded Year: 2002
- Location: Sunnyvale (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $144M
- Employee Count: 23,848 as on Mar 31, 2026
- Investors: TCV, Glynn Capital and 35 Others
- Latest Funding Round: Post IPO, Apr 17, 2013, $*****
- Highlight: Acquired
Provider of identity security solutions for digital enterprises and organizations. The platform offers flexibility, resilience, and security to meet identity challenges. It helps businesses plug identity into their existing ecosystem. The platform offers capabilities such as orchestration, decentralized identity, and fraud prevention. It also provides solutions for government, financial services, healthcare, retail, and media sectors.
Key facts about Ping Identity
- Founded Year: 2002
- Location: Denver (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $137M
- Employee Count: 2,224 as on Dec 02, 2025
- Investors: Sprout Capital Partners, Sapphire Ventures and 22 Others
- Latest Funding Round: Series E, Nov 10, 2014, $*****
- Highlight: Acquired
3. Imprivata
Cloud-based authentication and secure communication solutions for enterprises. It provides user authentication, application access, and compliance reporting across multiple computing environments. The outcome is to manage workflows, security, and compliance with government regulations.
Key facts about Imprivata
- Founded Year: 2002
- Location: Waltham (United States)
- Annual Revenue: $119M as on Dec 31, 2015
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $40.5M
- Employee Count: 546 as on Dec 31, 2022
- Investors: Sapphire Ventures, SAP Ventures and 4 Others
- Latest Funding Round: Series C, Apr 08, 2008, $*****
- Highlight: Acquired
4. PayScale
Offers payroll compensation management software. Its product MarketPay, a compensation survey management software with features such as automated data aggregator, reports management, survey participation, analytics, etc; InsightLab, a salary survey management solution with features such as job & market pulse management, answers analytics, job-specific data, etc; It also allows users to search and compare data related to salary based on job role, skills, industry, and school.
Key facts about PayScale
- Founded Year: 2002
- Location: Seattle (United States)
- Stage: Acquired
- Total Funding till date: $118M
- Employee Count: 744 as on Mar 31, 2026
- Investors: Sapphire Ventures, Allen & Company and 11 Others
- Latest Funding Round: Series D, Jul 12, 2017, $*****
- Highlight: Acquired
5. Kaltura
Provider of video solutions for webinars, events, hubs, and virtual classrooms. The company delivers tools for corporate communication, higher education, marketing, sales, employee training, media, and telecom sectors. It offers an AI video suite, webinars, video portal, events management, and virtual classroom platforms. The company provides solutions for content repurposing, knowledge management, and audience engagement.
Key facts about Kaltura
- Founded Year: 2006
- Location: New York City (United States)
- Annual Revenue: $129M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $145M
- Employee Count: 722 as on Mar 31, 2026
- Investors: Sapphire Ventures, Luminari Capital and 15 Others
- Latest Funding Round: Series D, Aug 08, 2016, $*****
- Highlight: Public
SAP Ventures' Investments by Stage
SAP Ventures is primarily an Late Stage Investor investor majorly investing in Series C (12) rounds where average round size is $170M, Series B (9) rounds where average round size is $75.9M and Series D (9) rounds where average round size is $140M.Stage of entry | No. of Investments |
|---|---|
Series C | 12 |
Series B | 9 |
Series D | 9 |
Series A | 7 |
Unattributed | 2 |
Others | 3 |
Note: We have considered here, only first round of investments
SAP Ventures' Investments by Sector
SAP Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Business Services, FinTech and Vertical SaaS. Notably, it has invested in 38 Enterprise (B2B) companies, 32 Tech companies, 30 Software companies and at least 21 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 32 |
Enterprise Infrastructure | 16 |
Business Services | 7 |
FinTech | 6 |
Vertical SaaS | 6 |
Others | 19 |
Note: We have considered here, only first round of investments
SAP Ventures' Investments by Geography
SAP Ventures has made most investments in United States (36), followed by Germany where it has made 2 investments.Country | No. of Investments |
|---|---|
United States | 36 |
Germany | 2 |
India | 1 |
Israel | 1 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
SAP Ventures' recent investments
SAP Ventures has not made any investment in 2026 so far.Here are the most recent investments by SAP Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 11, 2014 | United States | Series C | 4597 | [+7] | |
Dec 14, 2010 | United States | Series C | 8421 | [+1] | |
Dec 13, 2010 | India | Series D | 3291 | [+3] | |
Sep 28, 2010 | United States | Series C | 8276 | [+3] | |
Sep 17, 2010 | United States | Post IPO | 6917 |
Unicorns in SAP Ventures' Portfolio
SAP Ventures has 2 unicorns in its portfolio - Splashtop and MuleSoft. The most recent unicorn in their portfolio is Splashtop. It became a unicorn in 2021, 10 years after SAP Ventures first invested in it.Here is a list of unicorns in SAP Ventures' portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
66 | Provider of remote access and remote support software and solutions | 2006 | San Jose | Series E | dan{upa | ||
65 | Cloud based API management platform | 2006 | San Francisco | Series G | gweijyz |
IPOs and Publicly Listed companies in SAP Ventures' Portfolio
1 of SAP Ventures' portfolio company became public - Kaltura. It got listed on the New York Stock Exchange (NYSE), in Jul 2021 at marketcap of $1.24BHere are SAP Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 21, 2021 | Feb 11, 2014 | Series C | 5477 |
Acquired companies in SAP Ventures' Portfolio
33 companies from SAP Ventures' portfolio have been acquired. The most recent acquisition were Jaspersoft in Dec 2025 by HCL Technologies.Here are SAP Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Dec 19, 2025 | Aug 09, 2007 | Series D | 1219 | |
Oct 01, 2024 | Jun 06, 2005 | Series B | 3377 | |
Mar 06, 2023 | Feb 06, 2007 | Series C | 4542 | |
Dec 19, 2022 | Jul 21, 2008 | Post IPO | 4346 | |
Aug 02, 2022 | Oct 11, 2006 | Series C | 8299 |
Team profile of SAP Ventures
SAP Ventures has a team of 9 members including 8 Partners located in United States. SAP Ventures' team sits on the board of 1 company.Here is a list of all team members in SAP Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | - | - | ||
Partner | - | - | ||
Partner | Austin | - | ||
Partner | Austin | - | ||
Partner | San Carlos | |||
Partner | Palo Alto | - | ||
Partner | - | - | ||
Partner | - | - |
Co-investors of SAP Ventures
Over the past 26 years, 216 investors have co-invested in SAP Ventures's portfolio companies. This includes funds and angels.
- Invested before SAP Ventures: Sequoia Capital, SVB and 87 others have invested in rounds before SAP Ventures. There are 3 companies where Sequoia Capital has invested before SAP Ventures and 3 companies where SVB has invested before SAP Ventures.
- Top Co-investors of SAP Ventures: 60 investors entered a company along with SAP Ventures. These include investors like DFJ (3 companies).
- Invested after SAP Ventures: A total of 67 investors have invested in SAP Ventures's portfolio after their investments. Top Investors include Sapphire Ventures (11 companies), Volition Capital (2 companies) and Focus Ventures (2 companies).
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