SAP launches $650 million fund, highlights corporate venture

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    Technology News

    Logo of German company SAP is pictured at the CeBit computer fair in HanoverBy Sarah McBride SAN FRANCISCO (Reuters) – Software giant SAP AG said it is allocating more than $650 million to a new venture fund, SAP Ventures Fund II, showing the growing role that corporations are taking on in funding the world's youngest companies. Investing cash into start-ups via corporate venture arms is increasingly popular among big companies, while providing more competition to traditional venture capitalists. Some 10.9 percent of venture dollars came from corporations in the first half of this year, according to the National Venture Capital Association, up from 8. …

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