Updata Partners, a Washington, WA-based growth equity investment firm focused on B2B software companies, closed Updata Partners VI, L.P. at over $308m.
The fund continues Updata’s strategy of investing in software and software-driven companies with meaningful scale and rapid growth.
Updata Partners VI, L.P. will seek to make a few select platform investments each year, typically investing $10-30m of equity into each business with the potential for larger investments through LP co-investment.
Led by Carter Griffin, and Jon Seeber, General Partners, the firm prefers to be the first institutional capital into a company and targets investments outside of Silicon Valley. To date, Updata has invested in more than 60 companies across North America, Europe, and Australia. With more than $1 billion in cumulative committed capital since inception, the firm has provided growth equity funding to over 60 technology companies.