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Scale Venture Partners leads $45m DataStax financing

23 Jul 2013

hard disk storage dataScale Venture Partners has led a $45m Series D financing round for enterprise-grade database maker DataStax.

Lightspeed Venture Partners, Crosslink Capital and Meritech Capital Partners also took part in the fundraise having previously backed the business, while new investors included DFJ Growth and Next World Capital.

Scale partner Andy Vitus said, “The evolution of enterprise applications and rise of big data has eclipsed traditional database capabilities and provides an opening for a significant new market entrant.

“DataStax is poised to disrupt the traditional RDBMS market and has already demonstrated significant momentum – signing an enviable list of enterprise customers, expanding into Europe, and unveiling innovative releases that make the product easier to adopt, deploy, and manage.

“We look forward to working with the team to further accelerate their expansion as they address this large and growing market.”

Scale closed its fourth venture capital fund on $300m in March, saying it would continue to focus on early-in-revenue technology companies in the cloud, mobile, SaaS and internet sectors.

The capital raised for ScaleVP IV means the firm has secured commitments of $1.5bn since its inception.

A filing with the SEC showing the previous fund closed on $250m in early 2010.

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