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SAP.iO’s ecosystem of successful raises and exits

April 2023


SAP.iO has curated over 525 startups in SAP’s startup ecosystem. We’re proud that many of the startups from our programs continue to raise VC funding and have successful exits. This demonstrates that SAP startup technologies are addressing the rapidly changing requirements of the marketplace and have risen to the occasion of meeting customer needs. Here are the latest raises and exits you should know about!


4.screen, a driver interaction platform company, announced the successful closure of its €21 million Series A funding round led by S4S Ventures and Continental Corporate Venture Capital. 4.screen enables brands to interact with drivers in real-time via their car screens using in-car technology and unique data signals only accessible through their platform. The funding round will be used to accelerate 4.screen’s global expansion plans and further advance its platform.

Chekkit, Nigerian anti-counterfeiting startup, has secured additional funding to help it scale its blockchain-powered drug safety and tracking solution. Chekkit’s platform tracks product movement and has helped secure over 50 million pharmaceutical and consumer goods products to date. The funds will help Chekkit onboard more manufacturers across Nigeria and other regions in Africa, while also expanding to new markets in India, UK and the Middle East.

Accredify, a Singapore-based verifiable technology solutions provider, raised USD$7M in Series A funding. The company intends to use the funds to expand its regional presence across APAC by scaling its services and diversifying use cases of verifiable technology solutions across various industries.

Lilz has announced they have completed 590-million-yen Series B round funding. With these new funds they plan to promote the development and mass production of explosion-proof IoT cameras that are in high demand in the chemical plant and gas industries. In addition, continue to develop of products that can be expanded overseas, focus on organizational structure, and strengthen recruitment in all positions.