# Updata Partners: portfolio, investments and team

> Updata Partners is a vc firm based in United States. 55 investments on record, latest Apr 2025. Portfolio, stages, co-investors and team.

Source: https://millionrounds.com/fund/updata-partners (Millionrounds; every figure on the page links to its filing or article)

United States · [Investor](https://millionrounds.com/investors)

# Updata Partners

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

Email

Quiet New fund $590M, Dec 2025 VC firm

Seed Series A Series B Subscription Software SaaS

Follow Updata Partners and see its new cheques in your feed. [Start following](https://millionrounds.com/login?join=1&why=follow&next=%2Ffund%2Fupdata-partners)

Cheques on record

**0%** of best year **0** **cheques in 12 months**, 55 on record

Since the last cheque **572** days **00** hrs **00** min **00** sec

Median round **$22M** Cheque size, as they say **$20M – $200M** Rounds led **3 of 55** Sole investor **14 rounds** Exits **14 from the portfolio** Mostly in **United States, 95%**

Pitch Updata Partners

## Updata Partners highlights

- 01 55 rounds on record
- 02 Mostly Series A and Venture: 54% of its rounds
- 03 Sole investor in 14 rounds, median $11M
- 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:** Seed Series A Series B Growth Pre-IPO
- **Sectors:** Subscription Software SaaS
- **Based in:** Washington, United States
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **55 appearances**

- **2025** 1 round
- **Apr** **[Portnox](https://millionrounds.com/company/portnox)** Series B · US · Firms' own news pages **$38M** *Led*
- **2019** 4 rounds
- **Sept** **[Bigleaf Netowkrs](https://millionrounds.com/company/bigleaf-netowkrs)** Series B · US · GeekWire **$21M** *Led*
- **Jul** **[Built In](https://millionrounds.com/company/built-in)** Series C · US · FinSMEs **$22M** *Led*
- **Mar** **[Adthena](https://millionrounds.com/company/adthena)** Series A · GB · FinSMEs **$14M** Sole investor
- **Jan** **[Piano](https://millionrounds.com/company/piano)** Series B · US · FinSMEs **$22M** Sole investor
- **2018** 1 round
- **Apr** **[Uberflip](https://millionrounds.com/company/uberflip)** Series A · CA · FinSMEs **$32M** Sole investor
- **2017** 2 rounds
- **Jul** **[LendKey](https://millionrounds.com/company/lendkey)** Debt · US · FinSMEs **$13M** With 3 others
- **Mar** **[Jellyvision](https://millionrounds.com/company/jellyvision)** US · FinSMEs **$20M** Sole investor
- **2015** 4 rounds
- **Mar** **[Jama Software](https://millionrounds.com/company/jama-software)** Series C · US **$20M** With 2 others
- **Mar** **[First Insight](https://millionrounds.com/company/first-insight)** Series B · US **$14M** Sole investor
- **Jan** **[Mashable](https://millionrounds.com/company/mashable)** Series B · US **$17M** With 4 others
- **Jan** **[Ruby Receptionists](https://millionrounds.com/company/ruby-receptionists)** Growth · US **$39M** With 1 other
- **2014** 2 rounds
- **Jun** **[XebiaLabs](https://millionrounds.com/company/xebialabs)** Series A · US **$12M** Sole investor
- **Mar** **[Mashable](https://millionrounds.com/company/mashable)** Series A · US **$14M** With 6 others
- **2013** 5 rounds
- **Oct** **[LogiAnalytics](https://millionrounds.com/company/logianalytics)** Growth · US · finsmes.com **$28M** With 1 other
- **Aug** **[LendKey Technologies, Inc.](https://millionrounds.com/company/lendkey-technologies-inc)** Series B · US · techcrunch.com **$13M** With 3 others
- **Apr** **[Collective Bias](https://millionrounds.com/company/collective-bias)** Series A · US · techcrunch.com **$11M** Sole investor
- **Mar** **[Nintex](https://millionrounds.com/company/nintex)** Series B · US · finsmes.com **$135M** With 1 other
- **Jan** **[PulsePoint](https://millionrounds.com/company/pulsepoint)** Venture · US · pulsepoint.com **$3.0M** With 4 others
- **2012** 4 rounds
- **Sept** **[Video Blocks](https://millionrounds.com/company/video-blocks)** Series A · US · techcrunch.com **$11M** With 1 other
- **Jun** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series F · US · pevc.dowjones.com **$12M** With 6 others
- **May** **[Bradford Networks](https://millionrounds.com/company/bradford-networks)** Venture · US · finsmes.com **$3.0M** With 1 other
- **Feb** **[July Systems](https://millionrounds.com/company/july-systems)** Venture · US · finsmes.com **$15M** With 2 others
- **2011** 4 rounds
- **Sept** **[Bridge Energy Group](https://millionrounds.com/company/bridge-energy-group)** Series A · US · updatapartners.com **$11M** Sole investor
- **Jul** **[Interactions Corporation](https://millionrounds.com/company/interactions-corporation)** Venture · US · interactions.net **$12M** With 3 others
- **Jun** **[Pet360](https://millionrounds.com/company/pet360)** Venture · US · reuters.com **$18M** With 1 other
- **Apr** **[Alert Logic](https://millionrounds.com/company/alert-logic)** Series E · US · alertlogic.com **$13M** With 4 others
- **2010** 1 round
- **Feb** **[ViewPoint Construction Software](https://millionrounds.com/company/viewpoint-construction-software)** Venture · US · freshnews.com **$10M** Sole investor
- **2008** 5 rounds
- **Jul** **[OrderMotion](https://millionrounds.com/company/ordermotion)** Venture · US · venturebeat.com **$1.4M** With 1 other
- **Jul** **[ContextWeb](https://millionrounds.com/company/contextweb)** Series D · US · paidcontent.org **$26M** With 3 others
- **May** **[Bradford Networks](https://millionrounds.com/company/bradford-networks)** Series B · US · masshightech.com **$8.0M** With 1 other
- **Apr** **[DataCore Software](https://millionrounds.com/company/datacore-software)** Venture · US · datastorageconnection.com **$30M** With 1 other
- **Feb** **[Merlin Technologies](https://millionrounds.com/company/merlin-technologies)** Series A · US **$10M** Sole investor
- **2007** 5 rounds
- **Dec** **[LogiAnalytics](https://millionrounds.com/company/logianalytics)** Venture · US **$5.0M** Sole investor
- **Oct** **[Harmony Information Systems](https://millionrounds.com/company/harmony-information-systems)** Series B · US · jmiequity.com **$28M** With 3 others
- **Sept** **[Spectrum K12 School Solutions](https://millionrounds.com/company/spectrum-k12-school-solutions)** Venture · US · spectrumk12.com **$5.7M** With 1 other
- **Jun** **[iContact](https://millionrounds.com/company/icontact)** Series A · US · ryanallis.com **$5.3M** With 1 other
- **Apr** **[ForeSee](https://millionrounds.com/company/foresee)** Venture · US · encyclopedia.com **$20M** With 2 others
- **2006** 7 rounds
- **Dec** **[Harmony Information Systems](https://millionrounds.com/company/harmony-information-systems)** Series A · US · thefreelibrary.com **$7.5M** With 1 other
- **Sept** **[ObjectVideo](https://millionrounds.com/company/objectvideo)** Series E · US · buyoutsnews.com **$8.0M** With 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 registration **6 named**

BG **Barry Goldsmith** Executive Officer i Filing they signed

BS **Braden Snyder** Executive Officer i Filing they signed

CG **Carter Griffin** Executive Officer i Filing they signed

GO **Gregory Olear** CFO i Form ADV

JS **James Socas** Executive Officer i Filing they signed

JS **Jonathan Seeber** Executive Officer i Filing 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

**$2.6B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture 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 listed **14 in all**

**[Acclaris Holdings](https://millionrounds.com/company/acclaris-holdings)** Bought by [Towers Watson](https://millionrounds.com/fund/towers-watson) **$140M** May 2015

**[Appfluent Technology](https://millionrounds.com/company/appfluent-technology)** Bought by Attunity **$18M** Mar 2015

**[Pet360](https://millionrounds.com/company/pet360)** Bought by PetSmart **$130M** Sept 2014

**[Harmony Information Systems](https://millionrounds.com/company/harmony-information-systems)** Bought by Mediware Information Systems **Undisclosed** Jun 2014

**[V3 Systems](https://millionrounds.com/company/v3-systems)** Bought by Sphere 3d **$9.7M** Feb 2014

**[ForeSee](https://millionrounds.com/company/foresee)** Bought by Answers Corporation **$200M** Dec 2013

**[OrderMotion](https://millionrounds.com/company/ordermotion)** Bought by [NetSuite](https://millionrounds.com/fund/netsuite) **Undisclosed** May 2013

**[iContact](https://millionrounds.com/company/icontact)** Bought by Vocus **$169M** Feb 2012

**[Jobs2Web](https://millionrounds.com/company/jobs2web)** Bought by SuccessFactors **Undisclosed** Dec 2011

**[Spectrum K12 School Solutions](https://millionrounds.com/company/spectrum-k12-school-solutions)** Bought by Scantron **Undisclosed** Jul 2010

**[Netkey](https://millionrounds.com/company/netkey)** Bought by [NCR](https://millionrounds.com/fund/ncr) **Undisclosed** Nov 2009

**[Everest Software](https://millionrounds.com/company/everest-software)** Bought by Versata Enterprises **Undisclosed** Aug 2009

**[Secure Software](https://millionrounds.com/company/secure-software)** Bought by Fortify Software **Undisclosed** Jan 2007

**[e-Security](https://millionrounds.com/company/e-security)** Bought by [Novell](https://millionrounds.com/fund/novell) **Undisclosed** Apr 2006

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

New fund on file

**$590M**

raised in Dec 2025

From its SEC filing, not a journalist: a firm that has just raised has money to deploy.

## The cheque

Seed Series A Series B

Median round joined **$22M** the round, not its cheque Alone, median **$11M**

Led 3 of 55 rounds **5%**

- **Said size:** $20M – $200M
- **Sole investor:** 14 rounds
- **Last cheque:** Apr 2025
- **Exits:** 14 from the portfolio

Rounds by stage said on their site

- Series A said *15*
- Venture *12*
- Series B said *12*
- Series C *7*
- Series D *2*
- Series E *2*
- Seed said *-*

Cheques by month Led Joined

Nov 2023 Oct 2026

Often in the room with

- [DFJ](https://millionrounds.com/fund/dfj) 5
- [DFJ Gotham Ventures](https://millionrounds.com/fund/dfj-gotham-ventures) 4
- [Investor AB](https://millionrounds.com/fund/investor-ab) 3
- [Novak Biddle Venture Partners](https://millionrounds.com/fund/novak-biddle-venture-partners) 3
- [ABS Ventures](https://millionrounds.com/fund/abs-ventures) 2
- [Access Venture Partners](https://millionrounds.com/fund/access-venture-partners) 2

**Pitching Updata Partners?** Put them on your fundraising board with this record on the card, and follow them to hear when they write a new cheque.

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## 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.

[**DFJ** VC firm **5** rounds together](https://millionrounds.com/fund/dfj)[**DFJ Gotham Ventures** VC firm **4** rounds together](https://millionrounds.com/fund/dfj-gotham-ventures)[**Investor AB** VC firm **3** rounds together](https://millionrounds.com/fund/investor-ab)[**Novak Biddle Venture Partners** VC firm **3** rounds together](https://millionrounds.com/fund/novak-biddle-venture-partners)[**ABS Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/abs-ventures)[**Access Venture Partners** VC firm **2** rounds together](https://millionrounds.com/fund/access-venture-partners)[**CMGI @Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/cmgi-ventures)[**Capital Resource Partners** Private equity **2** rounds together](https://millionrounds.com/fund/capital-resource-partners)[**Covera Ventures** Growth equity **2** rounds together](https://millionrounds.com/fund/covera-ventures)[**Elio Leoni-Sceti** Investment firm **2** rounds together](https://millionrounds.com/fund/elio-leoni-sceti)[**Fidelity Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/fidelity-ventures)[**Gotham Ventures** VC firm **2** rounds together](https://millionrounds.com/fund/gotham-ventures)

## Recently backed

The latest companies Updata Partners put money into.

[**Portnox** $38M · Apr 2025](https://millionrounds.com/company/portnox)[**Built In** $22M · Jul 2019](https://millionrounds.com/company/built-in)[**Adthena** $14M · Mar 2019](https://millionrounds.com/company/adthena)[**Uberflip** $32M · Apr 2018](https://millionrounds.com/company/uberflip)[**LendKey** $13M · Jul 2017](https://millionrounds.com/company/lendkey)[**Jellyvision** $20M · Mar 2017](https://millionrounds.com/company/jellyvision)

## Mentioned on podcasts

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

- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 26 Mar 2025 · 18 min Expansion-Stage Software Investor: Updata’s Jon Seeber Mentions [Updata Partners](https://millionrounds.com/fund/updata-partners) Apple PodcastsShow page
- [Growth Investor](https://millionrounds.com/podcasts/growth-investor) 24 Jul 2022 · 18 min Ubiquitous Data Connectivity: CData Software CEO and Founder Amit Sharma Mentions [Updata Partners](https://millionrounds.com/fund/updata-partners) Apple PodcastsShow page

## 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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