SAP rolls out seed fund to back early-stage software startups
Enterprise software company SAP has launched a seed fund that will invest in early-stage software startups. SAP has seeded SAP.iO Fund with an initial investment of $35 million. San Jose, California-based Parable Sciences Inc, a big data analytics company, is the first startup to secure funding from SAP.IO Fund. No financial terms were disclosed. Also, SAP.iO has launched a foundry program that will incubate early-stage startups that build software applications.
23 March 2017•3 mins read
