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 $27.2M (across 38 rounds with reported amounts).
Portfolio
34
Fund Size
$875M
Top Stage
Series A
Last 12 Mo
1
Team
BS
Braden Snyder
General Partner
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
41 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 MD Integrations | Growth | $77M | Oct 2025 |
 Portnox | Series B | $37.5M | Apr 2025 |
 PerformYard | Growth | $95M | Jan 2024 |
 ContactMonkey | Series A | $55M | Dec 2023 |
 FusionAuth | Unknown | $65M | Jan 2023 |
 Nerdio | Series B | $117M | Dec 2022 |
| BBenivo | Growth | $12M | Sep 2022 |
 Improvado | Series A | $22M | May 2022 |
 Shufti | Series A | $20M | Mar 2022 |
 Liongard | Growth | $10M | Jan 2022 |
| Shufti | Series A | $20M | Jan 2022 |
 LandTech | Series A | — | Jan 2021 |
| 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 |
 Homesnap | Series B | $14M | Jan 2018 |
 Uberflip | Series A | $32M | Jan 2018 |
 Lendkey | Series C | $13M | Jul 2017 |
| MMP Objects | Growth | $10M | Sep 2016 |
| BBridge2 Solutions | Unknown | $35M | Jan 2016 |
 First Insight | Series B | $14M | Mar 2015 |
| First Insight | Growth | $14M | Jan 2015 |
| MMashable | Series A | $13M | Jan 2014 |
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Top Co-Investors
CIBC Innovation Banking4 shared
Summit Partners3 shared
LLR Partners2 shared
Grotech Ventures2 shared
TTV Capital2 shared
JMI Equity2 shared
Hercules Capital, Inc.2 shared
MATH Venture Partners1 shared
Norwest Venture Partners1 shared
Evli Growth Partners1 shared
New General Market Partners1 shared
Social Starts1 shared
Flashpoint1 shared
Pi Labs1 shared
JLL Spark1 shared
Brighton Park Capital1 shared
Ibex Investors1 shared
Gefen Capital1 shared
Draper Fisher Jurvetson1 shared
Last updated: 8 September 2026