ISSUE – Oct. 26 | Scale Venture Partners Raising Larger, $500 Million Fund

Scale Venture Partners, a venture firm investing in software startups, is aiming to raise a larger fund than its last one, according to people familiar with the situation. The Foster City, Calif.-based firm is targeting $500 million for its seventh fund, the people said. Its hard cap, or the maximum it would raise, is $600 million, according to one of the people. That would make the new fund bigger than its most recent $400 million Scale Venture Partners VI, which the firm raised in 2018. [ WSJ ]

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