Scale Management LLC sold $62.7M worth of shares in Bill.com Holdings, Inc. in June 2020

Jul 08, 2020
Insider Transactions
Background Information
Bill.com Holdings, Inc. operates as a holding company. It engages in the provision of cloud-based software solutions. The firm simplifies, digitizes, and automates complex back-office financial operations for SMBs. Its software helps customers to generate and process invoices, streamline approvals, send and receive payments, sync with their accounting system and manage their cash. The company was founded by Rene Lacertea on August 2, 2018 and is headquartered in Palo Alto, CA.
Scale Venture Partners focuses on investments in the technology and healthcare sectors. Within the technology sector, the firm focuses on software-as-a-service (SaaS), media, marketing, digital services and business computing. Their healthcare investments focus on repurposed drugs, drug/device combinations and diabesity. Scale Venture Partners seeks to invest in companies that already have some indications of future market traction, such as a validated concept, some early customers and/or early revenues. The firm typically serves as the lead or co-lead investor in all their deals. Investments range from $5 million to $15 million. If there are no existing institutional investors, the firm will help a company form a syndicate of quality investors. Scale Venture Partners requires a seat on their portfolio companies' boards of directors.