Scale Venture Partners Raises $900 Million Fund to Back the Next Wave of Software Innovation
FOSTER CITY, Calif., Sept. 28, 2022 /PRNewswire-PRWeb/ -- Scale Venture Partners today announced that it has closed its Fund VIII with $900 million in committed capital. The fund, which was oversubscribed from a combination of existing and new investors, will be invested in cloud and SaaS software companies, with a particular emphasis on cognitive apps, which combine machine learning, API connectivity, and sensors to transform how enterprises work.
- FOSTER CITY, Calif., Sept. 28, 2022 /PRNewswire-PRWeb/ -- Scale Venture Partners today announced that it has closed its Fund VIII with $900 million in committed capital.
- "We are delighted to have the capital to support entrepreneurs as they seek to build the next generation of enterprise software companies" said Scale Partner Rory O'Driscoll.
- "The last nine months have been a sea change in terms of the funding environment but tech innovation remains strong.
- Scale is a Silicon Valley-based venture capital firm that invests in the future leaders of enterprise software.