# SAP Ventures: portfolio, investments and team

> SAP Ventures is a vc firm based in India. 78 investments on record, latest Oct 2013. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/sap-ventures (Millionrounds; every figure on the page links to its filing or article)

India · [Investor](https://millionrounds.com/investors)

# SAP Ventures

Last cheque observed Oct 2013. Silence since then is not evidence of inactivity: our sources miss unannounced rounds.

Quiet New fund $353M, Jan 2011 VC firm

Series C Series D Venture Civil Engineering

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 78 on record

Since the last cheque **4750** days **00** hrs **00** min **00** sec

Median round **$12M** Rounds led **0 of 78** Sole investor **1 rounds** Exits **22 from the portfolio** Mostly in **United States, 88%**

Pitch SAP Ventures

## SAP Ventures highlights

- 01 78 rounds on record
- 02 Mostly Series C and Series D: 57% of its rounds
- 03 Sole investor in 1 rounds, median $8.0M
- 04 22 exits from the portfolio

## What they do

- **Type:** VC firm (from a list, unverified)
- **Cheque size:** Not stated
- **Sectors:** Civil Engineering
- **Based in:** Bengaluru, India
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **78 appearances**

- **2013** 14 rounds
- **Oct** **[Convercent](https://millionrounds.com/company/convercent)** Series B · US · finsmes.com **$10M** With 4 others
- **Sept** **[Recommind](https://millionrounds.com/company/recommind)** Series C · US · bizjournals.com **$15M** With 1 other
- **Sept** **[Narrative Science](https://millionrounds.com/company/narrative-science)** Series C · US · pehub.com **$12M** With 4 others
- **Aug** **[Fitbit](https://millionrounds.com/company/fitbit)** Series D · US · techcrunch.com **$43M** With 5 others
- **Jul** **[Apigee](https://millionrounds.com/company/apigee)** Series F · US · techcrunch.com **$35M** With 9 others
- **Jul** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series F · US · finsmes.com **$44M** With 8 others
- **Jun** **[Mirantis](https://millionrounds.com/company/mirantis)** Series A · US · techcrunch.com **$10M** With 5 others
- **May** **[Five9](https://millionrounds.com/company/five9)** Series D · US · bizjournals.com **$22M** With 4 others
- **May** **[Alteryx, Inc.](https://millionrounds.com/company/alteryx-inc)** Series A · US · techcrunch.com **$12M** With 2 others
- **Apr** **[MuleSoft](https://millionrounds.com/company/mulesoft)** Growth · US · mulesoft.com **$37M** With 6 others
- **Feb** **[Gild](https://millionrounds.com/company/gild)** Series A · US · finsmes.com **$8.0M** With 6 others
- **Feb** **[Feedzai](https://millionrounds.com/company/feedzai)** Series A · GB · finsmes.com **$2.4M** With 2 others
- **Feb** **[OnDeck](https://millionrounds.com/company/ondeck)** Series D · US · techcrunch.com **$42M** With 4 others
- **Jan** **[OpenX](https://millionrounds.com/company/openx)** Series E · US · sec.gov **$25M** With 8 others
- **2012** 9 rounds
- **Aug** **[Lavante](https://millionrounds.com/company/lavante)** Growth · US · sec.gov **$3.8M** With 2 others
- **Jul** **[Box](https://millionrounds.com/company/box)** Series E · US · techcrunch.com **$125M** With 8 others
- **Jul** **[Ticketfly](https://millionrounds.com/company/ticketfly)** Series C · US · venturebeat.com **$22M** With 4 others
- **Jul** **[Apigee](https://millionrounds.com/company/apigee)** Series E · US · pandodaily.com **$20M** With 6 others
- **Jul** **[DocuSign](https://millionrounds.com/company/docusign)** Series D · US · techcrunch.com **$56M** With 5 others
- **Jun** **[Just Dial](https://millionrounds.com/company/just-dial)** Series E · IN · pevc.dowjones.com **$57M** With 2 others
- **Mar** **[Violin Memory](https://millionrounds.com/company/violin-memory)** Series D · US · venturebeat.com **$50M** With 4 others
- **Feb** **[Marin Software](https://millionrounds.com/company/marin-software)** Series F · US · venturebeat.com **$30M** With 6 others
- **Jan** **[Lithium Technologies](https://millionrounds.com/company/lithium-technologies)** Series D · US · lithium.com **$53M** With 3 others
- **2011** 9 rounds
- **Oct** **[One97 Communications](https://millionrounds.com/company/one97-communications)** Venture · IN · fis.dowjones.com **$10M** With 1 other
- **Jul** **[Jaspersoft](https://millionrounds.com/company/jaspersoft)** Venture · US · finsmes.com **$11M** With 9 others
- **Jul** **[PayScale](https://millionrounds.com/company/payscale)** Venture · US · finsmes.com **$7.0M** With 4 others
- **Jun** **[SAVO](https://millionrounds.com/company/savo)** Venture · US · techcrunch.com **$14M** With 1 other
- **Jun** **[Ping Identity Corporation](https://millionrounds.com/company/ping-identity-corporation)** Series D · US · techcrunch.com **$21M** With 7 others
- **Jun** **[Just Dial](https://millionrounds.com/company/just-dial)** Venture · IN · fis.dowjones.com **$10M** With 2 others
- **May** **[OpenX](https://millionrounds.com/company/openx)** Series D · US · techcrunch.com **$20M** With 4 others
- **Apr** **[Alteryx, Inc.](https://millionrounds.com/company/alteryx-inc)** Series A · US · dailymarkets.com **$6.0M** With 1 other
- **Jan** **[OnDeck](https://millionrounds.com/company/ondeck)** Series C · US · techcrunch.com **$25M** With 3 others
- **2010** 12 rounds
- **Dec** **[Lavante](https://millionrounds.com/company/lavante)** Series C · US · marketwire.com **$8.0M** Sole investor
- **Dec** **[iYogi](https://millionrounds.com/company/iyogi)** Series D · US · techcrunch.com **$30M** With 6 others
- **Sept** **[Qumu](https://millionrounds.com/company/qumu)** Debt · US · fis.dowjones.com **$8.8M** With 7 others
- **Jun** **[Aepona](https://millionrounds.com/company/aepona)** Series C · GB · aepona.com **$10M** With 8 others
- **Jun** **[Splashtop](https://millionrounds.com/company/splashtop)** Series D · US · splashtop.com **$10M** With 4 others
- **May** **[Zend Technologies](https://millionrounds.com/company/zend-technologies)** Series E · US · zend.com **$9.0M** With 6 others
- **May** **[Spring Mobile Solutions](https://millionrounds.com/company/spring-mobile-solutions)** Series D · US · freshnews.com **$12M** With 3 others
- **Apr** **[Tremor Video](https://millionrounds.com/company/tremor-video)** Series D · US **$40M** With 7 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

Named by the firm itself, on a filing, its Form ADV or its company registration **1 named**

NM **Nino Marakovic** Promoter i Filing they signed

## Exits from the portfolio

Companies it backed that were later bought or listed **22 in all**

**[Fitbit](https://millionrounds.com/company/fitbit)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **Undisclosed** Jan 2021

**[Apigee](https://millionrounds.com/company/apigee)** Bought by [Google](https://millionrounds.com/fund/google-assistant-investments) **$625M** Sept 2016

**[Zend Technologies](https://millionrounds.com/company/zend-technologies)** Bought by Rogue Wave Software **Undisclosed** Oct 2015

**[Ticketfly](https://millionrounds.com/company/ticketfly)** Bought by Pandora Media **$450M** Oct 2015

**[Jaspersoft](https://millionrounds.com/company/jaspersoft)** Bought by TIBCO Software Inc. **$185M** Apr 2014

**[PayScale](https://millionrounds.com/company/payscale)** Bought by [Warburg Pincus](https://millionrounds.com/fund/warburg-pincus) **$100M** Apr 2014

**[Violin Memory](https://millionrounds.com/company/violin-memory)** Listed **Undisclosed** Aug 2013

**[Tremor Video](https://millionrounds.com/company/tremor-video)** Listed **$75M** Jun 2013

**[Aepona](https://millionrounds.com/company/aepona)** Bought by [Intel](https://millionrounds.com/fund/intel) **$130M** Apr 2013

**[Marin Software](https://millionrounds.com/company/marin-software)** Listed **$105M** Mar 2013

**[Socialtext](https://millionrounds.com/company/socialtext)** Bought by Peoplefluent **Undisclosed** May 2012

**[LogLogic](https://millionrounds.com/company/loglogic)** Bought by TIBCO Software Inc. **$130M** Apr 2012

**[Endeca](https://millionrounds.com/company/endeca)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **Undisclosed** Oct 2011

**[Qumu](https://millionrounds.com/company/qumu)** Bought by [Rimage](https://millionrounds.com/fund/rimage) **$52M** Oct 2011

**[Reva Systems](https://millionrounds.com/company/reva-systems)** Bought by [ODIN](https://millionrounds.com/fund/odin) **$50M** Dec 2010

**[Greenplum Software](https://millionrounds.com/company/greenplum-software)** Bought by [EMC](https://millionrounds.com/fund/emc) **Undisclosed** Jul 2010

**[AmberPoint](https://millionrounds.com/company/amberpoint)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **Undisclosed** Feb 2010

**[Virtual Iron Software](https://millionrounds.com/company/virtual-iron-software)** Bought by [Oracle Corporation](https://millionrounds.com/fund/oracle) **Undisclosed** May 2009

**[Questra](https://millionrounds.com/company/questra)** Bought by Axeda **Undisclosed** Dec 2008

**[VoiceObjects](https://millionrounds.com/company/voiceobjects)** Bought by Voxeo **Undisclosed** Dec 2008

The latest 20 here. An exit counts when it came after the firm's first round in the company. From historical deal records.

New fund on file

**$353M**

raised in Jan 2011

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Series C Series D Venture

Median round joined **$12M** the round, not its cheque Alone, median **$8.0M**

Led 0 of 78 rounds **0%**

- **Sole investor:** 1 rounds
- **Last cheque:** Oct 2013
- **Exits:** 22 from the portfolio

Rounds by stage said on their site

- Series C *21*
- Series D *19*
- Venture *11*
- Series B *7*
- Series A *7*
- Series E *5*

Cheques by year Led Joined

2004 2013

Often in the room with

- [Sapphire Ventures](https://millionrounds.com/fund/sapphire-ventures) 73
- [DFJ](https://millionrounds.com/fund/dfj) 9
- [Bay Partners](https://millionrounds.com/fund/bay-partners) 7
- [Canaan](https://millionrounds.com/fund/canaan-partners) 6
- [Intel Capital](https://millionrounds.com/fund/intel-capital) 6
- [Norwest Venture Partners](https://millionrounds.com/fund/norwest) 6

**Pitching SAP Ventures?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## Who they invest alongside

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

[**Sapphire Ventures** VC firm **73** rounds together](https://millionrounds.com/fund/sapphire-ventures)[**DFJ** VC firm **9** rounds together](https://millionrounds.com/fund/dfj)[**Bay Partners** VC firm **7** rounds together](https://millionrounds.com/fund/bay-partners)[**Canaan** VC firm **6** rounds together](https://millionrounds.com/fund/canaan-partners)[**Intel Capital** Corporate VC **6** rounds together](https://millionrounds.com/fund/intel-capital)[**Norwest Venture Partners** VC firm **6** rounds together](https://millionrounds.com/fund/norwest)[**New Enterprise Associates** VC firm **5** rounds together](https://millionrounds.com/fund/new-enterprise-associates)[**SVB Capital** VC firm **5** rounds together](https://millionrounds.com/fund/svb-capital)[**General Catalyst** VC firm **4** rounds together](https://millionrounds.com/fund/general-catalyst)[**Highland Capital Partners** VC firm **4** rounds together](https://millionrounds.com/fund/highland-capital-partners)[**Morgenthaler Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/morgenthaler)[**Sequoia Capital** VC firm **4** rounds together](https://millionrounds.com/fund/sequoia-capital)

## Quick answers about SAP Ventures

### What does SAP Ventures invest in?

SAP Ventures invests most often at Series C and Series D (57% of the rounds on record), in sectors such as Civil Engineering.

### How active is SAP Ventures?

78 investments on record, 0 of them in the last 12 months. The most recent was in Oct 2013.

### How big are SAP Ventures's cheques?

The median round it joins is $12M.

### Does SAP Ventures lead rounds?

Rarely, if at all: none of its 78 investments on record names it as the lead.

### Where does SAP Ventures invest?

Most of the companies it backs are in the United States (88%), India (8%) and the United Kingdom (5%).

### Is SAP Ventures investing now?

No investments in the last 12 months; the latest was in Oct 2013.

### Who does SAP Ventures invest alongside?

Most often Sapphire Ventures (73 rounds together), DFJ (9 rounds together) and Bay Partners (7 rounds together).

### What kind of investor is SAP Ventures?

SAP Ventures is a VC firm based in Bengaluru, India.

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