{"id":657241,"date":"2013-05-10T07:02:35","date_gmt":"2013-05-10T11:02:35","guid":{"rendered":"http:\/\/www.pehub.com\/?p=201134"},"modified":"2013-05-10T07:02:35","modified_gmt":"2013-05-10T11:02:35","slug":"scale-venture-partners-closes-fund-iv-at-300-mln","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/657241","title":{"rendered":"Scale Venture Partners Closes Fund IV at $300 Mln"},"content":{"rendered":"

Scale Venture Partners<\/strong> said Friday that it closed its most recent fund with $300 million in commitments. The total exceeded Fund IV’s target of $250 million. Limited partners include pension funds, financial institutions, foundations, funds of funds and family offices worldwide. Scale Venture Partners, of Foster City, Calif., targets early-in-revenue technology companies in SaaS, Cloud, Mobile and Internet sectors.<\/p>\n

PRESS RELEASE<\/p>\n

FOSTER CITY \u2013 May 10, 2013 \u2013 Scale Venture Partners (ScaleVP) today announced that it has closed ScaleVP IV, L.P. with $300M in commitments, exceeding its original target of $250M.\u00a0 Limited partners (LPs) include leading pension funds, financial institutions, foundations, funds of funds and family offices worldwide. ScaleVP received strong support from its existing investors and also added several leading institutions as limited partners.<\/p>\n

\u201cWe are deeply grateful for the support from our existing and new LPs who recognize the quality of our portfolio companies, our team-oriented culture and our focused investment approach,\u201d said Kate Mitchell, Partner at ScaleVP. \u201cWe look forward to working closely with our limited partners, co-investors, and importantly, the entrepreneurs who are building the high-growth companies that are the lifeblood of the venture capital business.\u201d<\/p>\n

ScaleVP has raised a total of $1.5B since its inception and will continue to back early-in-revenue technology companies that are ready to scale. Previous investments include Box, DocuSign, HubSpot, ExactTarget, RingCentral and Omniture.<\/p>\n

\u201cOur focus at ScaleVP is on helping companies scale from first customers to mass adoption,\u201d said Rory O\u2019Driscoll, Partner with ScaleVP. We are seeing an inexorable trend in the adoption of cloud and mobile that is the driving force behind the revenue growth across our portfolio and the technology industry as a whole. \u201d<\/p>\n

\u201cScaleVP has really emerged as a leading VC firm with a distinct strategy focused on scaling early-in-revenue companies,\u201d said David York, Managing Director with Top Tier Capital Partners. \u201cTop Tier is delighted to have partnered with the Firm since its first institutional raise and committed early to Fund IV based on the long standing team and strong track record.\u201d<\/p>\n

ScaleVP IV will be managed by seven partners who have worked together for an average of 11 years: Stacey Bishop, Rob Herb, Kate Mitchell, Rory O\u2019Driscoll, Rob Theis, Andy Vitus and Sharon Wienbar.\u00a0 ScaleVP also recently announced the additions of Alexander Niehenke, Qiyun Cai and Susan Liu to the team.\u00a0 The ScaleVP team brings operating experience in high-growth technology companies as well as deep investment and financial skills.<\/p>\n

Further detail on the firm\u2019s new fund and reflections on the fundraising environment can be found on Kate Mitchell\u2019s blog\u00a0 post attached.<\/p>\n

About Scale Venture Partners
\nScale Venture Partners (ScaleVP) invests in early-in-revenue technology companies in SaaS, Cloud, Mobile and Internet sectors. ScaleVP\u2019s passion and expertise is in helping entrepreneurs and management teams scale their business and grow into long-term companies that matter. ScaleVP has raised $1.5B since the firm was founded in 2000. Representative investments include: Box, BrightRoll, DocuSign, Everyday Health, ExactTarget, HubSpot, NComputing, Omniture, RingCentral and Vitrue.<\/p>\n

ScaleVP is located in Foster City, California and invests nationwide. For more information, visit\u00a0www.scalevp.com\u00a0or follow us on Twitter at @scalevp or LinkedIn at\u00a0www.linkedin.com\/company\/scale-venture-partners.<\/p>\n

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The post Scale Venture Partners Closes Fund IV at $300 Mln<\/a> appeared first on peHUB<\/a>.<\/p>\n

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Scale Venture Partners said Friday that it closed its most recent fund with $300 million in commitments. The total exceeded Fund IV’s target of $250 million. Limited partners include pension funds, financial institutions, foundations, funds of funds and family offices worldwide. Scale Venture Partners, of Foster City, Calif., targets early-in-revenue technology companies in SaaS, Cloud, […]<\/p>\n","protected":false},"author":7426,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-657241","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7426"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=657241"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/657241\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=657241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=657241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=657241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}