Category

Fund

SAP.iO No Boundaries to Fund and Incubate Over 200 Startups Led by Women and Minorities

By | Fund, Foundries, Inclusiveness, Press Release

WALLDORF — SAP SE (NYSE: SAP) today announced SAP.iO No Boundaries, an initiative to offer venture capital and incubation to underrepresented entrepreneurs.

As the first company in the business software industry to do so, SAP pledges to commit up to 40 percent of the investable capital in the SAP.iO Fund and scale the SAP.iO Foundries program with focus on inclusive entrepreneurship. The goal is to help at least 200 startups around the world within the next five years.

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Inc. Magazine: Venture Fund from SAP Aims to Combat “Sexism, Racism, and Bro-ism”

By | Fund, Foundries, Press, Inclusiveness, Press Coverage

On Sunday, January 20, software giant SAP became the latest company–and, it says, the only business software company–to target a share of its venture investments directly to women and underrepresented minorities.

Its fund, called SAP.iO, was launched in 2017 and invests in business-to-business startups that are a fit with SAP’s own technology platforms. With $35 million to invest, it’s already put about $4 million to work in 15 companies, 60 percent of which are in the U.S. Now, under an initiative called SAP.iO No Boundaries, the fund will invest 40 percent of its money in women and underrepresented minorities, says SAP chief strategy officer Deepak Krishnamurthy. He says the company will start ramping up its Asia-Pacific focus within the next year.

Andjaro raises 5M Euros

By | Fund, Article

En bouclant un second tour de table auprès du fonds londonien Balderton Capital et de SAP.io, la start-up française Andjaro auparavant connue sous le nom de Ouiteam compte accélérer le déploiement de sa plate-forme de gestion des ressources multi-sites en Europe avec l’ouverture d’un nouveau bureau au Royaume-Uni. Avec cet apport, elle prévoit également d’intégrer des fonctions d’analyse prédictive à son offre.

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