Sievert joined SAP Ventures in 2006, taking over from Paul Jozefak to run SAP Ventures in Europe and Israel and was a founding partner of SAP Ventures Fund I in Jan 2011, leading to the new SAP Ventures Fund II and the SAP HANA Realtime Fund, whereby SAP Ventures now manages USD 1.4bn on behalf of SAP AG.
Andreas Weiskam continues to run SAP Ventures in Europe.