Sapphire ventures has $1 billion to invest
Sapphire ventures, a Palo Alto, CA. - based firm solely funded by German software giant SAP have secured $1 billion to invest, a $700 million growth fund and a $300 million early-stage tech fund. The independent firm since 2011 look out for companies that have at least $5million in revenue and have funded 14 companies including Box, Square and Apigee. It have also funded 33 acquired companies including LinkedIn. Sapphire ventures writes initial checks to start up of between $10million and $ 25million.