FinTech news in scale venture partners category

Scale is still investing from its seventh fund, and partner Alex Niehenke told journalist that the plan is to deploy capital from the new fund starting in early 2023. The timing of the new fund is about right for the firm, which has raised a new fund every two years since 2016, according to O’Driscoll. O’Driscoll explained that limited partners were on board with the new fund, though they wanted to make sure that Scale wasn’t raising a larger fund than it could deploy successfully. As such, the firm wanted to raise its fund sooner rather than later so if there were entrepreneurs pitching the firm in the fourth quarter, the fund was closed and ready.