Scale Venture Partners

Scale Venture Partners
Private
Industry Venture capital
Founded 2000
Headquarters Foster City, California, United States
Products Venture capital, Private equity
Total assets $1 billion
Website http://www.scalevp.com

Scale Venture Partners is a venture capital firm that invests primarily in early-in-revenue technology companies with a focus on Internet, cloud computing, software as a service (SaaS), and mobile products.[1]

The firm is based in Foster City, California.[2] It was founded in 2000 as BA Venture Partners, and functioned as the venture capital arm of Bank of America.[2] In 2007, the firm spun out from Bank of America and changed its name to Scale Venture Partners.[3][4][5]

The firm launched its first fund for $500 million in 2000 while still operating as BA Venture Partners.[1][5] In 2004, the firm launched its second fund for $400 million.[1] The fund closed in 2007 and was the firm’s first independent fund after breaking from Bank of America.[6] Scale Venture Partners closed its third fund in 2010 for $255 million,[1][7] and its fourth fund in 2013 for $255 million.[8] In 2016, the firm closed its fifth fund for $335 million,[9] and in 2018, it closed its sixth fund for $400 million.[10]

Scale Venture Partners maintains close to $1 billion in assets under management.

Investments

Scale Venture Partners has primarily invested in mid-stage companies.[11] The size of the firm's investments has ranged from $3 million to $20 million,[1] with an average of $12 million over the entire life of an investment.

The firm invested in healthcare and life sciences companies until 2011, when it ceased such activity due to Food and Drug Administration (FDA) regulations and review processes.[12]

Scale Venture Partners has invested in companies including Box.com,[10] BrightRoll,[13] Everyday Health, ExactTarget, Forter, FrontBridge Technologies, DocuSign, HubSpot, RingCentral, NComputing, Omniture, uTest, Vitrue, and a $11 million investment in PubNub.[14]

In 2013, the firm led a $45 million Series D round in DataStax, a San Mateo-based company which distributes a commercial version of Apache Cassandra.[15]

In 2013, the firm also invested in Bill.com,[16] Chef,[17] and Sailthru.[18]

Their mature investments include FrontBridge Technologies (acquired by Microsoft),[19] Vitrue (acquired by Oracle for a reported $300 million),[20] ExactTarget (acquired by Salesforce.com for $2.5 billion),[21] Omniture (acquired by Adobe for $1.8 billion),[22] and RingCentral ($98 million IPO in September 2013).[23]

References

  1. 1 2 3 4 5 Schubarth, Cromwell (24 April 2013). "Scale Venture Partners 'oversubscribed' on new $250M fund". www.bizjournals.com. Retrieved 2018-09-25.
  2. 1 2 "Scale Venture Partners closes $400 million fund, launches Scale Studio to help startups benchmark growth". VentureBeat. 2018-07-10. Retrieved 2018-09-25.
  3. ↑ "Mercury News Interview with Scale Venture Partners with Rory O'Driscoll".
  4. ↑ "BA Ventures Relaunches as Scale Venture Partners".
  5. 1 2 Moyer, Liz. "Severing Venture Units". Forbes. Retrieved 2018-09-25.
  6. ↑ "Scale VP Raises First Independent Fund - PE Hub". PE Hub. 2007-03-07. Retrieved 2018-09-25.
  7. ↑ "SEC filing for Scale Venture Parthers".
  8. ↑ "Scale Venture Partners Closes $300 Million Fund IV". 'Market Watch'. Archived from the original on 7 April 2014.
  9. ↑ "Scale Venture Partners Raises New $335 Million Fund". TechCrunch. Retrieved 2018-09-25.
  10. 1 2 "Scale Venture Partners has a new $400 million fund to invest in enterprise companies". TechCrunch. Retrieved 2018-09-25.
  11. ↑ "Xconomy: Money for the Middle Stage: Part 2 of a Conversation with Scale Venture Partners". Xconomy. 2010-08-05. Retrieved 2018-09-25.
  12. ↑ "Scale Venture Partners Gives Up On Healthcare Life Sciences Investing".
  13. ↑ "Yahoo's $640M in cash looks like good exit for these BrightRoll investors". www.bizjournals.com. Retrieved 2018-09-25.
  14. ↑ "PubNub Secures $11 Million In Series B Funding To Fuel Growth Of Global Real-Time Network". September 17, 2013.
  15. ↑ "NoSQL startup Datastax Raises $45 Million to Ride Cassandra's Wave".
  16. ↑ "Scale Venture Partners Leads $38M Round for Bill.com".
  17. ↑ "Opscode Raises $32M To Expand IT Automation Platform, Changes Name To Chef".
  18. ↑ "Sailthru Raises $20M To Personalize Content For Sites Like LearnVest, Business Insider".
  19. ↑ "Microsoft to Acquire FrontBridge Technologies".
  20. ↑ "Social Media Marketer Vitrue Has Been Bought By Oracle For $300 Million".
  21. ↑ "Salesforce to Buy ExactTarget for $2.5 Billion".
  22. ↑ "Adobe to Acquire Omniture for Approximately $1.8 Billion".
  23. ↑ "Victory in the cloud for RingCentral CEO: IPO stock soars 40%".
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