Standard Metrics, the AI-driven portfolio management platform for venture capital and private equity, has raised $20M in Series B funding. The round was led by 8VC with participation from Salesforce Ventures, Spark Capital, January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels, and more.
The funding will be used to deepen its AI capabilities, expand its team, and bring its platform to more private market investors and portfolio companies. The company has grown its business by approximately 20X since its Series A and now supports more than 10,000 portfolio companies and 150 firms managing over $400 billion in assets.
Standard Metrics launched in 2020 with a goal of fixing broken investor relations in the private markets. The company launched with a reporting network focused on automating and improving collaboration between investors and their portfolio companies. The product has evolved into a single source of truth for portfolio performance and investment data, providing rich benchmarks and investment insights.
Automated data ingestion and AI-driven analysis and reporting tools help VC and PE firms streamline portfolio reviews, valuations, LP reporting, diligence, and more. Today, AI tailwinds are unlocking unprecedented growth for private companies, with investors demanding next-generation tools that give them greater speed and intelligence.
To meet growing demand for intelligent portfolio management, Standard Metrics has launched AI document parsing, an on-platform AI Analyst, MCP interoperability, and AI-native services to assist with data operations and portfolio analytics. These AI-powered features enable venture capital and private equity firms to streamline partner meetings, portfolio reviews, LP reporting, valuations processes, and performance benchmarking.
"Our mission at Standard Metrics is to accelerate innovation in the private markets," said John Melas-Kyriazi, co-founder and CEO of Standard Metrics. "This Series B round is a vote of confidence from investors who believe, as we do, that the firms who embrace AI now will be the ones defining the next era of the private markets."
"We are delighted to deepen our partnership with Standard Metrics, a company that we co-founded in 2020," said Alex Moore, board member at Standard Metrics and Partner at 8VC. "The community of forward-thinking investors and portfolio companies adopting Standard Metrics is impressive, and we see tremendous opportunity ahead for AI to transform the private markets."
The platform is trusted by leading investors including General Catalyst, Bessemer Venture Partners, and Accel. With 30 percent of the current Forbes Midas List as customers, Standard Metrics is establishing itself as a critical infrastructure layer for private markets, helping firms embrace AI to define the next era of venture capital and private equity investment management.
About Standard Metrics
Standard Metrics is an AI-driven portfolio management solution trusted by leading VC/PE firms and their portfolio companies. Investors like General Catalyst, Bessemer Venture Partners, and Accel use Standard Metrics to streamline partner meetings, portfolio reviews, LP reporting, valuations processes, and performance benchmarking.
About 8VC
8VC is a leading technology investment firm, investing in visionary teams and backing industry-transforming companies. The partners have a proven track record as founders, engineers, and operators of successful companies including Palantir, Addepar, Resilience, and OpenGov. 8VC manages over $9 billion in committed capital, investing primarily in defense, financial services, logistics, life sciences, and healthcare. 8VC's Build program creates transformative new companies addressing critical gaps in each of the above sectors.
