Scaleworks, Inc.
| Private | |
| ISIN | 🆔 |
| Industry | Technology |
| Founded 📆 | January 1, 2016 |
| Founders 👔 | Lew Moorman, Ed Byrne |
| Headquarters 🏙️ | San Antonio, Texas, United States |
Area served 🗺️ | |
| Services | Venture Equity |
| Members | |
Number of employees | |
| 🌐 Website | scaleworks |
| 📇 Address | |
| 📞 telephone | |
Scaleworks is a San Antonio-based firm that manages a $60m Fund..[1] to invest on the venture equity thesis, which it coined. The firm invests for controlling stakes in Business-to-business SaaS companies and operates them for high–growth. Venture Equity sits at the intersection of venture capital and private equity[2]. Where the venture capitalist succeeds by getting outsized returns on a very small number of their investments, and the private equity fund acquires proven businesses with upside from smart financial engineering and operational discipline; venture equity takes the VC interest in growth opportunities, with the private equity focus on already proven businesses.
Founded in 2016 by General Partners Lew Moorman (former Rackspace President[3]) and Ed Byrne[4], the firm's portfolio includes Chargify, Earth Class Mail, Qualaroo, Filestack, Mailgun and Keen.
Exits include Assembla's sale to Idera[5] and FollowUp.cc[6]
History[edit]
Founded in 2016.
Moved into historic Savoy Building[7] in September 2017.
Debt fund led by former Rackspace CFO, Karl Pichler, announced in January 2018[8]
Sold FollowUp.cc[9] in March, 2018.
Sold Assembla to Idera[10] in November 2018.
References[edit]
- ↑ Mann, Sonya. "New Funding Options for Startups That Don't Fit the Usual Mold". Inc.
- ↑ Holley, David. "With $60M Fund, "Anti-VC" Scaleworks Looks to Buy Software Startups". Xconomy.
- ↑ Malik, Om. "Rackspace veteran & President Lew Moorman steps down, will remain on board of directors". GigaOm.
- ↑ Iszler, Madison. "Scaleworks co-founder talks venture capital and what he looks for in a CEO". San Antonio Express News.
- ↑ Holley, David. "Scaleworks Sells Source Code Manager Assembla to Houston's Idera". Xconomy.
- ↑ Yeung, Ken. "FollowUp launches a personal CRM that prods you to keep in touch with contacts". VentureBeat.
- ↑ Gonzalez, Iris. "With Move Into Savoy Building, Scaleworks Strengthens Tech Corridor". Rivard Report.
- ↑ Mosbrucker, Kristen. "SA venture group stands up $10M debt fund for tech startups". San Antonio Business Journal.
- ↑ Haiff, Cody. "From category design to acquisition: FollowUp.cc has been acquired". Hacker Noon.
- ↑ Iszler, Madison. "San Antonio tech firm acquired by Houston-based Idera". San Antonio Express News.
- ↑ Mosbrucker, Kristen. "Local execs see growing gap in San Antonio tech economy". San Antonio Business Journal.
- ↑ Mosbrucker, Kristen. "Meet the executive scouting for Scaleworks' next tech startups". San Antonio Business Journal.
- ↑ Flahive, Paul. "San Antonio Holds Onto Bottom Of Top Tech Talent Markets". Texas Public Radio.
- ↑ Mosbrucker, Kristen. "Scaleworks portfolio tech startup has new CEO with big plans". San Antonio Business Journal.
- ↑ Flahive, Paul. "Scaleworks Moves Into Heart Of Tech District". Texas Public Radio.
- ↑ Kanski, Alison. "Tech industry comms veteran Drew Olanoff joins Scaleworks". PRWeek.
External links[edit]
This article "Scaleworks" is from Wikipedia. The list of its authors can be seen in its historical and/or the page Edithistory:Scaleworks. Articles copied from Draft Namespace on Wikipedia could be seen on the Draft Namespace of Wikipedia and not main one.
