Scale Venture Partners closes fifth venture fund at $335 mln

Scale Venture Partners has raised $335 million for its fifth tech-focused venture fund, the Silicon Valley-based firm announced today.

Scale Venture Partners V LP will focus specifically on enterprise software sectors such as big data, cloud and mobile infrastructure, cybersecurity, digital marketing and developer services.

The fund’s limited partners include pension funds, financial institutions, foundations, funds of funds and family offices. Fund V will make individual investments between $5 million and $25 million, the VC firm said.

Scale Venture, of Foster City, California, closed its fourth pool at $300 million in May 2013. No further information is available on the fund’s performance.

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