Scaleworks, a San Antonio, Texas-based venture equity provider that acquires, invests in, advises, and operates B2B SaaS companies, recently closed a $60m fund.
Per an SEC filing, Scaleworks Fund I, LP, received backing from 34 investors.
Led by General Partners Ed Byrne and Lew Moorman, Scaleworks leverages an investment model they call “Venture Equity”, taking controlling stakes in B2B SaaS companies that are generating revenue and operating them for high–growth. To this end, beyond capital, backed companies receives services in the field of HR and recruiting, PR, space, finance function, marketing, as well as leadership, analyst, corporate development programs.
Backed companies include Filestack, Assembla, Chargify, Twist, and Mailgun.
The team also includes Brad Wittwer, VP of Corporate Development, Chrissie Reynolds, Director of Finance, Christopher Garza, Office Manager, Cristina Freund, Director of Talent, and Dorota Szymanska, Office Manager.