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Updata Partners

USOtherB2B SaaSAI/MLEnterpriseCybersecurityDevtools

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Investment thesis

Updata Partners invests in growth-stage B2B software and AI-driven companies, located outside the Bay Area. The firm works closely with management teams to deliver durable, capital-efficient growth. Updata focuses on companies with $5-50M ARR, 25-100%+ growth, that are bootstrapped or lightly capitalized. The firm seeks those rare leaders possessing both a growth mindset and an appreciation for capital efficiency, typically with recurring revenue models, a repeatable go-to-market engine, and strong unit economics. Updata's proprietary BASE framework (Build, Accelerate, Scale, Exit) guides repeatable outcomes, focusing on building a strong foundation versus growth at all costs, prioritizing durable unit economics, scalable systems, and thoughtful capital allocation.

Notable quotes

We are incredibly grateful for the strong support from our limited partners. The pace and outcome of this fundraise reflect the trust built over many years. We look forward to partnering with both longstanding investors and new LPs in Updata VIII.

Carter Griffin · Updata Partners VIII Fund Close Announcement · 2026-02-24

With Updata VIII, we remain focused on backing software companies with strong fundamentals and dynamic growth profiles. AI is accelerating the formation of high-growth, lightly capitalized businesses, and we are excited to support the entrepreneurs building the next generation of market leaders.

Jon Seeber · Updata Partners VIII Fund Close Announcement · 2026-02-24

Recent investments

CompanyRoundSizeDate
TitanXSeries A$27m2026-01-20
MD IntegrationsGrowth Equity$77m2025-10-14
Matilda CloudUnattributed VC2025-08-22
PortnoxSeries B$38m2025-04-08
NerdioGrowth Equity
CDataSeries A$20m
Built InSeries C$22m
JellyvisionGrowth Equity
Living SecurityGrowth Equity
LiongardGrowth Equity

Frequent co-investors

VC firmDeals together
Warburg Pincus1
Accel1
Denali Growth Partners1
Elsewhere Partners1

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