Scale Venture Partners Announces $600 Million Fund and Notable Deals

Scale Venture Partners recently announced a $600 million fund, a significant milestone for the venture capital firm. This new fund is a testament to the firm's growing influence in the industry.

The $600 million fund is a substantial increase from their previous fund, which was $450 million. This significant boost in capital will undoubtedly enable Scale Venture Partners to invest in more startups and support their growth.

One notable deal made by Scale Venture Partners is their investment in Snowflake, a cloud-based data warehousing company. This investment paid off, as Snowflake went on to achieve a successful IPO in 2020.

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Scale Venture Partners has a fascinating history that spans over two decades. The firm was founded in 2000 as BA Venture Partners, serving as the venture capital arm of Bank of America.

It raised its first two funds during this time. Scale's early beginnings laid the groundwork for its future success.

In 2007, the firm made a significant move by spinning out from Bank of America and rebranding itself as Scale Venture Partners. This marked a new chapter in the firm's history.

Scale's $600 million Fund VII was launched in December 2020, demonstrating the firm's continued growth and commitment to innovation.

Scale Venture Partners has a strong focus on investing in enterprise software startups within the SaaS and cloud space. They target companies with annual revenues between $500,000 and $5,000,000.

One notable area of focus for Scale is AI and ML, as well as productivity, open source, cybersecurity, dev-ops, big data, and automation. These areas are particularly relevant for industries that have traditionally been low-tech.

Some notable SaaS and cloud investments made by Scale include Bill.com, Box.com, and Hubspot. These companies are all leaders in their respective spaces and have seen significant growth and success.

Here are some of the specific SaaS and cloud investments made by Scale:

Scale Venture Partners has been involved in some notable deals and funding rounds. They participated in a $60M funding round for a company in the Document Management industry in September 2024.

Here are some specific funding rounds that Scale Venture Partners was a part of:

Scale Venture Partners has also been involved in funding rounds for companies in the Information Technology industry, including a $16M round in August 2024.

Matillion, a startup that helps companies harness their data, raised a significant amount of funding. However, the article also highlights notable deals that were made in the tech industry.

Some of the notable deals include a $60M funding round for a document management company, which was led by Y Combinator and included investors like Sequoia Capital and Scale Venture Partners.

A collaboration security company raised $35M in funding, led by Scale Venture Partners and joined by NeoHarpoon and Andreessen Horowitz.

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Here are some of the notable deals in the tech industry:

These deals demonstrate the growth and investment in the tech industry, with companies raising significant amounts of funding to drive innovation and expansion.

Scale Venture Partners has announced the close of its new $600 million fund, Fund VII. This oversubscribed fund continues the firm's focus on enterprise software, including security, cloud infrastructure, and "Cognitive Apps".

The fund was strongly supported by existing and new investors, and Scale's previous fund, the $400 million Fund VI, closed in July 2018. Scale has experienced strong momentum recently in terms of the performance of its investments and growth of its team.

Recent public offerings from Scale's portfolio include Bill.com, JFrog, and Root Insurance. Scale Fund VII will be managed by partners Stacey Bishop, Rory O'Driscoll, Andy Vitus, Ariel Tseitlin, and Alex Niehenke.

The firm has promoted Jeremy Kaufmann to Principal, Sam Baker to Vice President, and John Gianakopoulos to Senior Associate. In addition, Chris Yin recently became the firm's newest Principal, joining Scale from RainforestQA.

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