United States · Investor

Updata Partners

Filed with the SEC to raise a fund in Dec 2025, closing $590M. Last cheque observed Apr 2025.

QuietNew fund $590M, Dec 2025VC firm

SeedSeries ASeries BSubscriptionSoftwareSaaS

Cheques on record
0%of best year0cheques in 12 months, 55 on record
Since the last cheque572days00hrs00min00sec
Median round$22MCheque size, as they say$20M – $200MRounds led3 of 55Sole investor14 roundsExits14 from the portfolioMostly inUnited States, 95%
Pitch Updata Partners

Updata Partners highlights

  1. 01

    55 rounds on record

  2. 02

    Mostly Series A and Venture: 54% of its rounds

  3. 03

    Sole investor in 14 rounds, median $11M

  4. 04

    14 exits from the portfolio

What they do

As a technology-focused growth equity firm we partner with the software industry’s emerging leaders to accelerate growth.From their own website
Type
VC firm (from a list, unverified)
Cheque size
$20M – $200M as they say
Stages
SeedSeries ASeries BGrowthPre-IPO
Sectors
SubscriptionSoftwareSaaS
Based in
Washington, United States
Cold pitches
Not stated

The record

Every round we can evidence, newest first55 appearances

  1. 2025

    1 round

  2. Apr
    PortnoxSeries B · US · Firms' own news pages$38MLed
  3. 2019

    4 rounds

  4. Sept
    Bigleaf NetowkrsSeries B · US · GeekWire$21MLed
  5. Jul
    Built InSeries C · US · FinSMEs$22MLed
  6. Mar
    AdthenaSeries A · GB · FinSMEs$14MSole investor
  7. Jan
    PianoSeries B · US · FinSMEs$22MSole investor
  8. 2018

    1 round

  9. Apr
    UberflipSeries A · CA · FinSMEs$32MSole investor
  10. 2017

    2 rounds

  11. Jul
    LendKeyDebt · US · FinSMEs$13MWith 3 others
  12. Mar
    JellyvisionUS · FinSMEs$20MSole investor
  13. 2015

    4 rounds

  14. Mar
    Jama SoftwareSeries C · US$20MWith 2 others
  15. Mar
    First InsightSeries B · US$14MSole investor
  16. Jan
    MashableSeries B · US$17MWith 4 others
  17. Jan
    Ruby ReceptionistsGrowth · US$39MWith 1 other
  18. 2014

    2 rounds

  19. Jun
    XebiaLabsSeries A · US$12MSole investor
  20. Mar
    MashableSeries A · US$14MWith 6 others
  21. 2013

    5 rounds

  22. Oct
    LogiAnalyticsGrowth · US · finsmes.com$28MWith 1 other
  23. Aug
    LendKey Technologies, Inc.Series B · US · techcrunch.com$13MWith 3 others
  24. Apr
    Collective BiasSeries A · US · techcrunch.com$11MSole investor
  25. Mar
    NintexSeries B · US · finsmes.com$135MWith 1 other
  26. Jan
    PulsePointVenture · US · pulsepoint.com$3.0MWith 4 others
  27. 2012

    4 rounds

  28. Sept
    Video BlocksSeries A · US · techcrunch.com$11MWith 1 other
  29. Jun
    Alert LogicSeries F · US · pevc.dowjones.com$12MWith 6 others
  30. May
    Bradford NetworksVenture · US · finsmes.com$3.0MWith 1 other
  31. Feb
    July SystemsVenture · US · finsmes.com$15MWith 2 others
  32. 2011

    4 rounds

  33. Sept
    Bridge Energy GroupSeries A · US · updatapartners.com$11MSole investor
  34. Jul
    Interactions CorporationVenture · US · interactions.net$12MWith 3 others
  35. Jun
    Pet360Venture · US · reuters.com$18MWith 1 other
  36. Apr
    Alert LogicSeries E · US · alertlogic.com$13MWith 4 others
  37. 2010

    1 round

  38. Feb
    ViewPoint Construction SoftwareVenture · US · freshnews.com$10MSole investor
  39. 2008

    5 rounds

  40. Jul
    OrderMotionVenture · US · venturebeat.com$1.4MWith 1 other
  41. Jul
    ContextWebSeries D · US · paidcontent.org$26MWith 3 others
  42. May
    Bradford NetworksSeries B · US · masshightech.com$8.0MWith 1 other
  43. Apr
    DataCore SoftwareVenture · US · datastorageconnection.com$30MWith 1 other
  44. Feb
    Merlin TechnologiesSeries A · US$10MSole investor
  45. 2007

    5 rounds

  46. Dec
    LogiAnalyticsVenture · US$5.0MSole investor
  47. Oct
    Harmony Information SystemsSeries B · US · jmiequity.com$28MWith 3 others
  48. Sept
    Spectrum K12 School SolutionsVenture · US · spectrumk12.com$5.7MWith 1 other
  49. Jun
    iContactSeries A · US · ryanallis.com$5.3MWith 1 other
  50. Apr
    ForeSeeVenture · US · encyclopedia.com$20MWith 2 others
  51. 2006

    7 rounds

  52. Dec
    Harmony Information SystemsSeries A · US · thefreelibrary.com$7.5MWith 1 other
  53. Sept
    ObjectVideoSeries E · US · buyoutsnews.com$8.0MWith 3 others

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

The team

Named by the firm itself, on a filing, its Form ADV or its company registration6 named

BGBarry GoldsmithExecutive OfficeriFiling they signed
BSBraden SnyderExecutive OfficeriFiling they signed
CGCarter GriffinExecutive OfficeriFiling they signed
GOGregory OlearCFOiForm ADV
JSJames SocasExecutive OfficeriFiling they signed
JSJonathan SeeberExecutive OfficeriFiling they signed

We also hold 27 people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

What the register says

From the firm's own filings with the SEC, which it must file accurately by law

$2.6Bgross assets of its fundsOct 2026
Exemptreporting adviserventure or small private funds
Legal name
Updata Management, LLC
SEC number
CRD 160994

What they claim to have backed

From their own portfolio page (on their website)

0 of 1 we have independently watched raise

Portfolio Resources

Weaker than a round we watched, stronger than a list somebody sold us. A firm is far less willing to put a company on its own site that it never funded.

Exits from the portfolio

Companies it backed that were later bought or listed14 in all

Acclaris HoldingsBought by Towers Watson$140MMay 2015
Appfluent TechnologyBought by Attunity$18MMar 2015
Pet360Bought by PetSmart$130MSept 2014
Harmony Information SystemsBought by Mediware Information SystemsUndisclosedJun 2014
V3 SystemsBought by Sphere 3d$9.7MFeb 2014
ForeSeeBought by Answers Corporation$200MDec 2013
OrderMotionBought by NetSuiteUndisclosedMay 2013
iContactBought by Vocus$169MFeb 2012
Jobs2WebBought by SuccessFactorsUndisclosedDec 2011
Spectrum K12 School SolutionsBought by ScantronUndisclosedJul 2010
NetkeyBought by NCRUndisclosedNov 2009
Everest SoftwareBought by Versata EnterprisesUndisclosedAug 2009
Secure SoftwareBought by Fortify SoftwareUndisclosedJan 2007
e-SecurityBought by NovellUndisclosedApr 2006

An exit counts when it came after the firm's first round in the company. From historical deal records.

Who they invest alongside

The investors most often in the same rounds as Updata Partners. A count of rooms they were both in, not a relationship either has claimed.

Recently backed

The latest companies Updata Partners put money into.

Mentioned on podcasts

Episodes that name Updata Partners in their description, not their title.

Quick answers about Updata Partners

What does Updata Partners invest in?

Updata Partners invests most often at Series A and Venture (54% of the rounds on record), in sectors such as Subscription, Software and SaaS.

How active is Updata Partners?

55 investments on record, 0 of them in the last 12 months, and it led 3. The most recent was in Apr 2025.

What has Updata Partners invested in recently?

Its most recent investments on record: Portnox (Series B, Apr 2025), Bigleaf Netowkrs (Series B, Sept 2019) and Built In (Series C, Jul 2019).

How big are Updata Partners's cheques?

The median round it joins is $22M. It says it writes cheques of $20M to $200M.

Does Updata Partners lead rounds?

Sometimes: it led 3 of its 55 investments on record (5%).

Where does Updata Partners invest?

Most of the companies it backs are in the United States (95%).

Is Updata Partners investing now?

No investments in the last 12 months; the latest was in Apr 2025.

Who does Updata Partners invest alongside?

Most often DFJ (5 rounds together), DFJ Gotham Ventures (4 rounds together) and Investor AB (3 rounds together).

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Built from the rounds we watched, its filings and its own website, refreshed every night. How we count · Report a correction · Is this your firm? Claim it