FOSTER CITY, CA--(Marketwired - May 10, 2013) - Scale Venture Partners (ScaleVP) today announced that it has closed ScaleVP IV, L.P. with $300M in commitments, exceeding its original target of $250M. Limited partners (LPs) include leading pension funds, financial institutions, foundations, funds of funds and family offices worldwide. ScaleVP received strong support from its existing investors and also added several leading institutions as limited partners.

"We are deeply grateful for the support from our existing and new LPs who recognize the quality of our portfolio companies, our team-oriented culture and our focused investment approach," said Kate Mitchell, Partner at ScaleVP. "We look forward to working closely with our limited partners, co-investors, and importantly, the entrepreneurs who are building the high-growth companies that are the lifeblood of the venture capital business."

ScaleVP has raised a total of $1.5B since its inception and will continue to back early-in-revenue technology companies that are ready to scale. Previous investments include Box, DocuSign, HubSpot, ExactTarget, RingCentral and Omniture.

"Our focus at ScaleVP is on helping companies scale from first customers to mass adoption," said Rory O'Driscoll, Partner with ScaleVP. We are seeing an inexorable trend in the adoption of cloud and mobile that is the driving force behind the revenue growth across our portfolio and the technology industry as a whole."

"ScaleVP has really emerged as a leading VC firm with a distinct strategy focused on scaling early-in-revenue companies," said David York, Managing Director with Top Tier Capital Partners. "Top Tier is delighted to have partnered with the Firm since its first institutional raise and committed early to Fund IV based on the long standing team and strong track record."

ScaleVP IV will be managed by seven partners who have worked together for an average of 11 years: Stacey Bishop, Rob Herb, Kate Mitchell, Rory O'Driscoll, Rob Theis, Andy Vitus and Sharon Wienbar. ScaleVP also recently announced the additions of Alexander Niehenke, Qiyun Cai and Susan Liu to the team. The ScaleVP team brings operating experience in high-growth technology companies as well as deep investment and financial skills.

Further detail on the firm's new fund and reflections on the fundraising environment can be found on Kate Mitchell's blog post attached.

About Scale Venture Partners
Scale Venture Partners (ScaleVP) invests in early-in-revenue technology companies in SaaS, Cloud, Mobile and Internet sectors. ScaleVP's passion and expertise is in helping entrepreneurs and management teams scale their business and grow into long-term companies that matter. ScaleVP has raised $1.5B since the firm was founded in 2000. Representative investments include: Box, BrightRoll, DocuSign, Everyday Health, ExactTarget, HubSpot, NComputing, Omniture, RingCentral and Vitrue.

ScaleVP is located in Foster City, California and invests nationwide. For more information, visit or follow us on Twitter at @scalevp or LinkedIn at

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Media Contact:
Laura Cruz
Tenor Communications