Updata Partners is a Washington, D.C.–based growth equity firm founded in 1998 that invests in capital-efficient B2B software and AI-driven companies located outside the Bay Area. The firm provides both capital and operating expertise, typically investing $20–200M in growth-stage businesses. Updata Partners VIII, its latest fund, closed at $875 million.
Average disclosed round size is $24.4M (across 53 rounds with reported amounts).
Portfolio
40
Fund Size
$875M
Top Stage
Series B
Last 12 Mo
1
Team
BS
Braden Snyder
General Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
57 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 MD Integrations | Growth | $77M | Oct 2025 |
 Portnox | Series B | $37.5M | Apr 2025 |
| Portnox | Series B | $37.5M | Jan 2025 |
 PerformYard | Growth | $95M | Jan 2024 |
 Contactmonkey | Series A | $55M | Dec 2023 |
 Fusionauth | Unknown | $65M | Jan 2023 |
 Nerdio | Series B | $117M | Dec 2022 |
 Benivo | Growth | $12M | Sep 2022 |
 Improvado Inc. | Series A | $22M | May 2022 |
 Shufti Pro | Series A | $20M | Mar 2022 |
 Liongard | Growth | $10M | Jan 2022 |
| Shufti Pro | Series A | $20M | Jan 2022 |
| Portnox | Series A | $22M | Jan 2022 |
| Benivo | Growth | $12M | Jan 2022 |
 Adthena | Debt | $5M | Jan 2022 |
 Living Security | Series B | $14M | Mar 2021 |
 LandTech | Series A | — | Jan 2021 |
 Boxcast | Series A | $20M | Dec 2020 |
| NNetwrix Corporation | Growth | — | Oct 2020 |
| Liongard | Series B | $17M | May 2020 |
 Practifi | Series B | $16.3M | Jan 2020 |
| Liongard | Series B | $17M | Jan 2020 |
 Built In | Series C | $22M | Jul 2019 |
| Adthena | Series A | — | Mar 2019 |
| Adthena | Series A | $14M | Jan 2019 |
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Top Co-Investors
CIBC Innovation Banking7 shared
Summit Partners3 shared
Social Starts2 shared
Ibex Investors2 shared
Gefen Capital2 shared
LLR Partners2 shared
Grotech Ventures2 shared
Draper Fisher Jurvetson2 shared
TTV Capital2 shared
Moderne Ventures2 shared
JMI Equity2 shared
Hercules Capital, Inc.2 shared
Oregon Venture Fund2 shared
Alta Partners2 shared
MATH Venture Partners1 shared
Norwest Venture Partners1 shared
Evli Growth Partners1 shared
New General Market Partners1 shared
General Atlantic1 shared
Flashpoint1 shared
Last updated: 20 October 2026