Scale Venture Partners Announces $335 Million Fund to Invest in Tomorrow's Enterprise Leaders

Growing Team Set to Partner with the Next Generation of Entrepreneurs to Help Fuel Growth

Jan 21, 2016, 07:30 ET from Scale Venture Partners

FOSTER CITY, Calif., Jan. 21, 2016 /PRNewswire/ -- Scale Venture Partners today announced that it has closed Scale Venture Partners V, L.P. with $335M in committed capital. The firm's previous fund, Scale Venture Partners IV was a $300M fund which closed in May 2013. Limited partners (LPs) include leading pension funds, financial institutions, foundations, funds of funds and family offices worldwide. Scale received strong support from its existing investors and also added a handful of new limited partners.

"We are very grateful to our Limited Partners for their participation in Fund V. Every one of our investors has a compelling mission and our role is to generate the capital gains to help them achieve it. We are glad to earn and re-earn that support every fund," said Rory O'Driscoll, Partner at Scale Venture Partners. "We are even more grateful to the entrepreneurs we have had the privilege of working with over the years. They are the ones who create the value that makes everything possible. We are looking forward to the next set of Scale companies."

Scale invests primarily in enterprise software companies that are transforming the future of business. The firm invests in companies that have seen early traction with customers and are ready to fuel sales and marketing for faster growth. Via published benchmarks, scaling playbooks and executive communities, new investments benefit from peers such as Box (BOX), Chef, Cloudhealth, DataStax, Demandbase, DocuSign, ExactTarget (ET), HubSpot (HUBS), PubNub, Omniture (OMTR) and WalkMe as they establish their own path to success. With Fund V, Scale plans to invest about $5-25M per company and is interested in those companies benefiting from the following trends: Big Data, Cloud and Mobile Infrastructure, Cyber-Security, Digital Marketing, DevOps, Developer Services, Enterprise Collaboration and Machine Learning and Automation.

"Redefining how we work is a massive opportunity, and one that we are very passionate about at Box. Since first investing in 2010, the Scale team has served as a strategic and energetic partner, always encouraging us to push the limits of what is possible in the realm of enterprise content management." Aaron Levie, CEO, Box

"We selected Scale based on their experience in the digital marketing landscape and reputation across the portfolio — including HubSpot, ExactTarget and Omniture. They quickly understood our vision, the market potential for our product and the impact we could have on each and every customer. Since their initial 2013 investment, the entire team has been an essential partner to our continued growth and success in the marketplace." Chris Golec, founder and CEO, Demandbase

"Scale believed in our vision and the promise of our product to fundamentally change mobile development for apps around the world. Since investing, the entire Scale team has jumped on board to help support our growing team. From communications to finance and sales operations, they have been a valuable partner." Alexander Stigsen, founder and CEO, Realm

Scale Fund V will be managed by Stacey Bishop, Kate Mitchell, Rory O'Driscoll, Andy Vitus, all who have worked together for over 15 years, as well as Ariel Tseitlin, who joined two years ago from Netflix where he was responsible for creating and operating one of the most modern cloud infrastructures in the industry.

Scale also recently announced the promotion of Susan Liu to Vice President. Susan has been part of the Scale investment team for nearly four years, focusing investments in SaaS and mobile with an emphasis on digital marketing, sales automation and HR technology. Her work has been instrumental to the team and resulted in the investments in WalkMe and Wrike. In addition, in 2015, Scale hired Dale Chang as VP of Portfolio Operations. Dale has incredible depth of knowledge on how to successfully scale market-leading software companies from startups into dominant market leaders, and provides a unique, data-driven approach that allows new portfolio companies to benefit from Scale's record of success.

Further details on the firm's new fund and reflections on the fundraising environment can be found on the Scale Blog.

About Scale Venture Partners

Scale Venture Partners invests in technology companies with a focus on SaaS and Cloud Infrastructure. We partner with entrepreneurs, from their first dollar in revenue and invest to accelerate growth and establish market leadership. ScaleVP has$1.85B in assets under management and is investing its fifth fund. Representative investments include: Box, Chef, Cloudhealth, DataStax, Demandbase, DocuSign, ExactTarget, HubSpot, PubNub, Omniture and WalkMe. ScaleVP is located in Silicon Valley and invests nationwide. For more information, visit www.scalevp.com or follow us on Twitter at @scalevp or LinkedIn at www.linkedin.com/company/scale-venture-partners.

 

SOURCE Scale Venture Partners



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