Last week, we announced that Standard Metrics raised a $20M Series B led by 8VC. I first met the team at 8VC back in early 2020 when I was still an investor, and we had immediate vision alignment around how software would transform the private markets in the decade to come.
The team at 8VC had experienced similar challenges around portfolio management as I had at Spark, and they built their own internal system. That system ended up turning into a company called Quaestor, which we renamed to Standard Metrics in 2022.
We grew that idea into a real platform, closed our Series A, and kept building. Then two years ago, AI made a bet obvious to us that wasn't obvious to everyone: portfolio management needed an AI-native rebuild. So that's what we did.
Last week, that bet got a lot more fuel behind it. We've grown 20X since our Series A, and we now support over 10,000 portfolio companies and 150 firms managing more than $400B in AUM on our platform. I'm incredibly grateful to our amazing team that has worked hard through market booms and busts to take us to where we are today.
I'll share a link to our blog post in the comments. Please reach out if this resonates with you, or if you want to talk about how the private markets will continue to evolve with AI in the years to come.
@metrics_co @8vc @JTLonsdale