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Jump Capital, SAP Ventures invests in Narrative Science

11 Sep 2013

dollar_washington_money_170sqVenture capital firms Jump Capital and SAP Ventures have backed automated natural language generation company Narrative Science.

The firms participated in Narrative’s $11.5m Series C round alongside existing investors Battery Ventures and Northwestern University.

The Chicago-based company said it will use the funding to increase its investment in its patented automated authoring platform Quill as well as to step up its sales and marketing efforts.

SAP Ventures managing director Jai Das said, “SAP Ventures focuses on companies that are next generation pioneers in Big Data. Narrative Science’s technology platform is truly innovative and represents a logical marriage between data analytics and natural language generation.

“We help companies accelerate to maturity and look forward to partnering with Narrative Science as they continue to scale and grow their business in a smart way.”

Last month SAP Ventures participated in a $43m financing round for digital fitness tracker Fitbit alongside Qualcomm Ventures and Softbank Capital.

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