The new fund will provide debt to growing SaaS companies with a growing, and highly recurring book of business, paying customers and high gross margins.
To manage the new vehicle, the firm has hired former SVP and CFO of Rackspace, Karl Pichler.
Led by general partner and co-founder Lew Moorman, Scaleworks has acquired 8 companies as part of its first $60M “venture equity” fund, with portfolio including Earth Class Mail, Assembla, Filestack, Qualaroo, Followup, Keen IO, Mailgun and Chargify.
FinSMEs
16/01/2018