Total amount raised
$29.5 Millions
Latest funding date
02/01/2022
Location
Standard Metrics has successfully raised $23.7 million in a Series A funding round, backed by notable investors including First Trust Capital Partners and Spark Capital. The platform automates portfolio reporting for venture capital teams and their portfolio companies, providing centralized and auditable metrics for efficient portfolio reviews and reporting.
Keep reading to explore the intricacies of Standard Metrics' fundraising journey and the investors backing this innovative platform.
What Is Standard Metrics?
Standard Metrics, founded in 2020, operates in the FinTech industry, specifically focusing on financial services and information services. The company is headquartered in San Francisco, California, and was founded by Deny Khoung, John Melas-Kyriazi, and Kevin Hsu.
With an employee count ranging between 51-100, Standard Metrics provides a financial platform designed to centralize and streamline portfolio reporting for venture capital firms and their portfolio companies. The platform offers tools for data collection, analysis, and benchmarking, aiming to eliminate data silos and enhance real-time engagement with teams and founders.
How Much Funding Has Standard Metrics Raised?
- Seed Round
- Amount Raised: $5.8M
- Date: July 2020
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their financial platform and establish a foothold in the market.
- Series A
- Amount Raised: $23.7M
- Date: February 2022
- Lead Investors: 8VC, First Trust Capital Partners, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the software platform and scale the network of investors and private companies both domestically and internationally.
Total Amount Raised: $29.5M. Current Valuation: Not publicly disclosed.
Key Investors
- 8VC
- Details: 8VC is a leading technology investment firm. They led the Series A funding round for Standard Metrics and have a partner, Alex Moore, on the board of Standard Metrics.
- Investment Focus Areas: Smart enterprise platforms, financial services, healthcare, logistics, Bio-IT.
- Notable Investments: Palantir, Addepar, Affinity.
- First Trust Capital Partners
- Details: First Trust Capital Partners is a venture capital firm. They participated in the Series A funding round for Standard Metrics.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Spark Capital
- Details: Spark Capital is a venture capital firm. They participated in the Series A funding round for Standard Metrics.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Alpha Edison
- Details: Alpha Edison is a venture capital firm. They participated in the Series A funding round for Standard Metrics.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- January Capital
- Details: January Capital is a venture capital firm. They participated in the Series A funding round for Standard Metrics.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for Standard Metrics?
Standard Metrics stands at the cusp of significant growth, driven by the increasing digitization of workflows and data in private markets. With $23.7 million in Series A funding, the company is poised to expand its software platform and scale its network of investors and private companies both domestically and internationally. This financial backing underscores the vast opportunities available, including the potential to enhance their platform capabilities and broaden their market presence.
Future fundraising opportunities seem promising as the company continues to grow and scale. The successful Series A round suggests that additional funding rounds may be on the horizon to support further expansion. However, challenges such as competition from other investor relations platforms and the need to maintain quality while scaling operations internationally could pose hurdles. Attracting and retaining top talent in a competitive job market will also be crucial for sustaining growth.
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