USA – Scale Venture Partners, a Foster City, CA-based venture capital firm, closed its latest fund, at $600m.
Supported by existing and new investors, Scale Venture Partners Fund VII continues the firm’s strategy of investing in cloud and SaaS software companies that are transforming how enterprises work. Scale’s previous fund, the $400m Fund VI, closed in July 2018.Recent public offerings from Scale’s portfolio include Bill.com, JFrog, and Root Insurance. Recent investments include leading a $40Mm Series B round in human resources software startup Papaya Global Ltd. and leading a $29m Series B round for real estate tech startup Spruce Holdings Inc. Past 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 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 where as VP Product he led the product, design, support, and community teams.03/12/2020
