Scale Venture Partners, a Foster City, CA-based technology venture capital firm, closed its sixth fund, at $400m.
Scale Venture Partners VI will continue the firm’s strategy of investing in software companies that are creating the future of work with a special focus on such trends as “Cloud x AI”.
To date, this has included companies like DocuSign, Box, Treasure Data, DataStax, KeepTruckin, Locus Robotics, JFrog, Textio and, recently announced, BigID.
The focus remains on software companies that have achieved product market fit with early customers as the organization needs to make a cultural shift from being solely a product company to being both a product and a go-to-market company.
To help companies scale, Scale has launched Scale Studio, a platform to support the growth of private cloud companies.
The studio will provide access to a targeted, trended, and actionable set of insights to allow a company to compare its performance to other companies when they were at a similar stage of growth.
Scale Studio is actively in beta and is planned to launch general availability in the fall.
The firm’s investment team includes Stacey Bishop, Alex Niehenke, Rory O’Driscoll, Ariel Tseitlin, and Andy Vitus.