- Scale Venture Partners recently announced that it closed the Scale Venture Partners Fund VII with $600 million in committed capital
Scale Venture Partners recently announced that it closed the Scale Venture Partners Fund VII with $600 million in committed capital. This fund — which was strongly supported by existing and new investors — continues the firm’s strategy of investing in cloud and SaaS software companies that are transforming how enterprises work.
Scale experienced strong momentum recently in terms of the performance of its investments and growth of its team. And recent public offerings from Scale’s portfolio include Bill.com, JFrog, and Root Insurance. And past marquee Scale investments include Box, DocuSign, HubSpot, ExactTarget, CloudHealth, Omniture, and RingCentral.
Scale Fund VII will be managed by partners Stacey Bishop, Rory O’Driscoll, Andy Vitus, Ariel Tseitlin, and Alexander Niehenke. And the firm has promoted Jeremy Kaufmann to Principal, Sam Baker to Vice President, and John Gianakopoulos to Senior Associate. Plus Chris Yin recently became the firm’s newest Principal, joining Scale from RainforestQA where as VP Product he led the product, design, support, and community teams.
KEY QUOTES:
“Fund VII will build on the focus areas that have driven our success to date: future of work technologies, cloud infrastructure, industry verticals, and security. We are increasingly interested in how machine intelligence, widespread platform interoperability via APIs, and automated data capture allow a new class of enterprise software that we’ve come to call ‘Cognitive Apps.’ These applications sit on top of today’s SaaS platforms to fully automate simple tasks and augment users performing complex tasks. We expect more AI-first companies to make creative use of algorithms, connectivity, and real-world data to build capabilities that were not previously possible.”
— Andy Vitus, Partner at Scale Venture Partners
“Scale led our Series C nearly five years ago and continued as a partner all the way through our IPO this year. From day one, Scale supported our strategic decision making with a data-driven approach and Scale Studio benchmarks. Their understanding of the SaaS market and guidance were valuable at each phase of our growth.”
— Shlomi Ben Haim, founder and CEO of JFrog
