Scaleworks investors put in $80M toward second fund for tech startups


San Antonio-based Scaleworks Associates raised $80 million from investors in its second funding round.

Scaleworks Associates, founded three years ago, is a venture equity firm that blends investment philosophies of private equity and venture capital and has focused on acquiring and moving startups to San Antonio. Scaleworks raised $60 million over two years for its first fund, which was spent by the end of 2017, according to U.S. Securities and Exchange Commission records.

Scaleworks acquired eight…

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