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SAP.iO’s ecosystem of successful raises and exits

May 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!


Gappify, a California based provider of accounting automation solutions for corporate accounting teams, raised $10M in Series B funding. The round brought the total amount to $22M, and as part of the transaction, FINTOP’s Jared Winegrad, General Partner, will join Gappify’s Board of Directors. The company intends to use the funds to accelerate growth and development of new accounting automation products.

Liftango, the Scotland-based shared mobility platform provider, has received over £2.5m in an investment round. Maven VCTs contributed £1.25m, with a further £1.25m having come from Scottish Enterprise and “a significant but undisclosed investment” amount from prior supporters. Capital raised by Liftango will go towards driving growth in new markets and increasing its presence in established locations.

Hanko has received a single-digit million figure investment from Berlin-based adesso Ventures. The German VC joins forces with existing investors High-Tech Gründerfonds, Smart Infrastructure Ventures, PAYONE founders Carl Frederic Zitscher and Jan Kanieß, as well as Intershop co-founder Roland Fassauer.

Deployed has scored $4M in a seed funding round co-led by Amrock Ventures and US-based M12, Microsoft’s fund that also backed Inworld AI and iLoF recently. Led by female founders Emma Rees and Kayleigh Kuptz, Deployed is focused on redefining the process of creating Statements of Work (SOWs) and planning projects.

Hacobu has closed a ¥1.5B round of funding. Hacobu offers an integrated solution “MOVO ” centering on the operation management system utilizing in-vehicle terminals.

TradeWaltz, which develops trade information collaboration platform “TradeWaltz” that aims to completely digitize trade procedures based on blockchain, has Sumitomo Corporation join the investment and raise 1.65 billion yen newly from the company and other existing shares. It was announced on May 29 that the cumulative amount of funding reached 5.65 billion yen.

Pirika has closed a ¥280M funding round. This investment will help Pirika aims to solve environmental problems with the power of science and technology.


Rallyware, the Performance Enablement Platform for large sales forces, has acquired the retail sales enablement platform Myagi. Together, Rallyware and Myagi will transform sales rep knowledge, operations, and productivity, delivering strong ROI to world-leading consumer brands and their multi-brand retailer partners.