High-Tech Gründerfonds (HTGF), a venture capital investor for innovative technologies and business models, has recently added SAP as one of its key investors in its 4th fund for startups in the Industrial Tech, Digital Tech, Chemicals, and Life Sciences domains. With the shared goal of helping tech startups scale their businesses while championing sustainability, the joint investment intends to accelerate startup innovation and deliver next-gen solutions to help customers become intelligent sustainable enterprises.
HTGF has been a trusted partner of tech giant SAP– supporting startups through SAP.iO, the company’s strategic business unit focused on incubating startup innovation to help them scale and integrate their innovative solutions with SAP and, eventually, make them available on the SAP Store. In addition, the Bonn, Nordrhein-Westfalen-headquartered firm’s portfolio companies have participated in SAP’s accelerator programmes with five already available in SAP Store, demonstrating the two German enterprises’ mutually advantageous partnership.
Tech startups Datarade and 4tiitoo are two of the SAP.iO participants that have received funding support from HTGF. Provider of cloud-based data commerce platform Datarade joined the SAP.iO Foundry Berlin programme in 2018 and received seed investment from HTGF two years later. Similarly, 4tiitoo, a provider of AI-based solutions for intuitive eye control for smart workplaces also received HTGF financing in 2014 for the SAP.iO’s Industry 4.0 programme and later on secured Series B funding. 4tiitoo’s solution, piloted by both SAP and customers, is now available in SAP Store.