Germany · Investor

SAP

Last cheque observed May 2026; 18 cheques on record.

Email

Deploying nowGrowth equity

Series DSeries BVentureLifestyleNanotechnologyAnalytics

Deploying now
100%of best year2cheques in 12 months, 18 on record
Since the last cheque172days00hrs00min00sec
Median round$31MRounds led1 of 18Sole investor1 roundsExits7 from the portfolioMostly inUnited States, 89%
Pitch SAP

SAP highlights

  1. 01

    2 cheques in the last 12 months

  2. 02

    Mostly Series D and Series B: 56% of its rounds

  3. 03

    Sole investor in 1 rounds, median $40M

  4. 04

    7 exits from the portfolio

What they do

Type
Growth equity (from a list, unverified)
Cheque size
Not stated
Sectors
LifestyleNanotechnologyAnalytics
Based in
Walldorf, Germany
Cold pitches
Not stated

The record

Every round we can evidence, newest first18 appearances

  1. 2026

    2 rounds

  2. May
    n8nDE · Highland EuropeUndisclosedLed
  3. Jan
    DeepgramSeries C · US · TechCrunch$130MWith 15 others
  4. 2022

    1 round

  5. Nov
    RunaSeries B · GB · 13books Capital$31MWith 10 others
  6. 2019

    1 round

  7. Feb
    EvisortSeed · US · FinSMEs$4.5MWith 5 others
  8. 2015

    2 rounds

  9. Dec
    ThreatConnect, Inc.Series B · US$16MWith 1 other
  10. Jan
    Alchemist AcceleratorVenture · US$2.1MWith 9 others
  11. 2014

    1 round

  12. Sept
    Black Duck SoftwareSeries F · US$20MWith 7 others
  13. 2013

    1 round

  14. Sept
    VirtustreamSeries D · US · finsmes.com$40MSole investor
  15. 2011

    1 round

  16. Oct
    Black Duck SoftwareSeries E · US · masshightech.com$12MWith 9 others
  17. 2009

    1 round

  18. Feb
    Black Duck SoftwareSeries D · US · techcrunch.com$5.0MWith 9 others
  19. 2008

    3 rounds

  20. Oct
    LinkedInSeries D · US · paidcontent.org$23MWith 4 others
  21. May
    InnoCentiveSeries B · US · findarticles.com$6.5MWith 1 other
  22. Feb
    LogLogicSeries D · US$14MWith 4 others
  23. 2007

    1 round

  24. Feb
    Black Duck SoftwareSeries C · US · blackducksoftware.com$12MWith 7 others
  25. 2005

    1 round

  26. Jun
    Black Duck SoftwareSeries B · US · intel.com$12MWith 7 others
  27. 2004

    1 round

  28. May
    TealeafSeries D · US$8.0MWith 3 others
  29. 2000

    1 round

  30. Nov
    Requisite TechnologyVenture · US$30MWith 4 others
  31. 1999

    1 round

  32. Dec
    eCreditVenture · US$24MWith 10 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

We hold 104 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

Funds they back

1 fund commitment on record

Managers
1

Every fund on record that it has committed money to, and the managers who invest it.Source: fund news.

Managers it backs most

Most recent commitments

Exits from the portfolio

Companies it backed that were later bought or listed7 in all

LinkedInBought by Microsoft$26BDec 2016
VirtustreamBought by EMC$1.2BMay 2015
TealeafBought by IBM (International Business Machines)UndisclosedMay 2012
LogLogicBought by TIBCO Software Inc.$130MApr 2012
LinkedInListed$353MJul 2011
eCreditBought by Fidelity VenturesUndisclosedDec 2006
Requisite TechnologyBought by Click Commerce$21MNov 2005

An exit counts when it came after the firm's first round in the company. From historical deal records.

Companies it bought

Acquisitions by the firm itself

Concur Technologies$8.3BSept 2014
OpTier$10MAug 2014
SeeWhyUndisclosedMay 2014
FieldglassUndisclosedMar 2014
KXENUndisclosedSept 2013
hybris$1.0BJun 2013
Ariba$4.3BMay 2012
SycloUndisclosedApr 2012
SuccessFactors$3.4BFeb 2012
datangoUndisclosedJan 2012
Right HemisphereUndisclosedSept 2011
Sybase$5.8BMay 2010

Who they invest alongside

The investors most often in the same rounds as SAP. A count of rooms they were both in, not a relationship either has claimed.

Sapphire VenturesVC firm6rounds togetherGeneral CatalystVC firm5rounds togetherIntel CapitalCorporate VC5rounds togetherVolition CapitalVC firm5rounds togetherFidelity VenturesVC firm4rounds togetherHard YakaVC firm4rounds togetherFlagship VenturesAccelerator3rounds togetherFocus VenturesGrowth equity3rounds togetherFlagship Pioneering, LLCVC firm2rounds togetherFoundation CapitalVC firm2rounds togetherSalesforce VenturesCorporate VC2rounds togetherSplit Rock PartnersVC firm2rounds together

Recently backed

The latest companies SAP put money into.

n8nMay 2026Deepgram$130M · Jan 2026Runa$31M · Nov 2022Evisort$4.5M · Feb 2019

Quick answers about SAP

What does SAP invest in?

SAP invests most often at Series D and Series B (56% of the rounds on record), in sectors such as Lifestyle, Nanotechnology and Analytics.

How active is SAP?

18 investments on record, 2 of them in the last 12 months, and it led 1. The most recent was in May 2026.

What has SAP invested in recently?

Its most recent investments on record: n8n (May 2026), Deepgram (Series C, Jan 2026) and Runa (Series B, Nov 2022).

How big are SAP's cheques?

The median round it joins is $31M.

Does SAP lead rounds?

Sometimes: it led 1 of its 18 investments on record (6%).

Where does SAP invest?

Most of the companies it backs are in the United States (89%), Germany (6%) and the United Kingdom (6%).

Is SAP investing now?

Yes: it is actively investing, with 2 investments in the last 12 months.

Who does SAP invest alongside?

Most often Sapphire Ventures (6 rounds together), General Catalyst (5 rounds together) and Intel Capital (5 rounds together).

Raising now?

Find the investors who back rounds like yours, and keep every conversation on one fundraising board.

Find similar investorsOpen your CRM

Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it