SAP.iO’s ecosystem of successful raises and exits
Fall 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!
Funding
Sensyn Robotics closed a ¥2.25B Series C round on October 27, 2023. The company has raised approximately 3.6 billion yen so far, and with this latest financing, the total amount raised will be approximately 5.85 billion yen.
Inkelink closed a ¥100M Series B round on November 14, 2023. This round of financing was led by Bank of Communications Overseas Chinese Digital Economy Fund, and Huafeng Emerging Industry Fund, Shenqi Capital, and Chongqing Mingyue Lake Fund also participated in the investment, with Huafeng Capital serving as the long-term exclusive financial advisor to help Inkelink steadily move forward in the field of new energy digital intelligent manufacturing.
Exits
Rephrase.ai was acquired by Adobe on November 22nd. In September 2022, Rephrase.ai raised $10.6m in its Series A funding round led by Red Ventures and joined by Silver Lake, 8VC and others.
