Venture capital firm Sapphire Ventures, which is solely funded by enterprise tech giant SAP, has closed a $1 billion fund to invest in technology startups, becoming the latest investment firm to join a record-breaking clip of venture fundraising.
Sapphire has backed high-profile startups such as Square, Box, and Fitbit and plans to use the new fund to invest in growth-stage technology startups, the firm said on Wednesday.
Image: Fitbit
