SAP.iO’s ecosystem of successful raises and exits
June 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
Sparetech, a Stuttgart, Germany-based provider of a data platform for industrial spare parts, raised $10M in Series A funding. The company intends to use the funds to scale internationally. Sparetech has served more than 120 global manufacturing companies, such as Bosch, Nestlé, Porsche, Yanfeng, and Airbus Helicopters.
Humanly, a Seattle startup that helps companies automate their recruiting functions, raised $12 million to help fuel growth of its AI-powered software. Customers such as Microsoft, the Seattle Storm, and Moss Adams use Humanly to screen job candidates, schedule interviews, automate initial communication, run reference checks, and more.
SustainCERT, a Livange, Luxembourg-based climate impact verification company, raised $37M in Series B funding. The company intends to use the funds to invest in the acceleration of the commercial, organizational and technology scale up to support the growth of its recently launched value chain decarbonization impact solution for Scope 3 emissions and the soon to be launched digital verification solution for carbon markets.
Sust Global closed a $1.5M seed round on June 2nd from a Venture – Series Unknown round.
Exits
Ecoplant, which develops technology to increase energy efficiency and reduce air pollution in factories, was acquired by American industrial giant Ingersoll Rand. Industry sources estimate that the deal is valued at $40-50 million.
Sensire, a leading provider of medical and food safety software solutions, was acquired by Main Capital Partners. Main will support Sensire in its continued organic growth journey both in Finland and internationally as well as supporting with a selective buy & build strategy.
Andjaro was acquired by Silae to tackle the issue of replacements. Since last September, Silae has further accelerated by buying 6 companies including a new one this June: Andjaro.
