Scale Venture Partners lands $600M for new fund

Scale Venture Partners has closed its seventh namesake fund with $600 million in committed capital, surpassing the $400 million the firm raised for its previous flagship vehicle in 2018. Based in Foster City, Calif., Scale plans to use the funds to continue its strategy of investing in cloud and SaaS software companies. The firm's portfolio includes JFrog, DroneDeploy and Cognata.