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SAP spinout Sapphire Ventures raises $1.4B for new investments

Sapphire Ventures, the former corporate venture arm of SAP, has raised $1.4 billion for growth investments, including a $150 million opportunity fund to support larger deals.

The new funds brings Sapphire Ventures, which became independent from the German software company SAP in 2011, assets under management to north of $4 billion.

Sapphire will write checks sized between $5 million and $100 million with the new funds, allowing the team β€œto do any financing we need to or want to,” chief executive officer and managing director Nino Marakovic tells TechCrunch.

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