About ScaleX
ScaleX is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Jun 2026, ScaleX is an active investor, having invested in 23 companies, with 1 new investment in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Enterprise Infrastructure. Most recently it participated in the $***** Seed round of Saltroad Overall, ScaleX portfolio has seen 1 IPO and 4 acquisitions including key companies like Cybeats, Quantive and Kondukto. A lot of funds co-invest with ScaleX, with names like Berkay Mollamustafaoglu sharing a substantial percentage of its portfolio. ScaleX has team of 11 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
ScaleX's List of Top Investments
ScaleX has a portfolio of 23 companies. Their most notable investments are in Kondukto and Bluedot.Their portfolio spans across United States, Turkey, United Kingdom and 2 more locations. They have invested in Enterprise Applications, High Tech, Enterprise Infrastructure and 11 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by ScaleX:
1. Bluedot
Bluedot is the provider of a charging point locator app. It is an app-based marketplace that enables EV drivers to locate and reserve chargers, make online payments, track charging status, and plan routes. They can find chargers using filters like a public or private chargers, hotels, rest and charge, or eat and charge-based locations. It allows EV station owners to schedule charging slots, share chargers and earn money, and receive online payments & charging reports. Its app is available across Android and iOS platforms.
Key facts about Bluedot
- Founded Year: 2019
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $7.15M
- Employee Count: 41 as on Mar 31, 2026
- Investors: Operator Stack, Stripe and 24 Others
- Latest Funding Round: Seed, Jan 22, 2024, $*****
- Highlight: Editors' Pick
Provider of a platform for security validation and exposure management. The platform offers security control, attack surface, and cloud security validation. It features attack path and detection rule validation, along with integrations. The platform helps discover, evaluate, and prioritize vulnerabilities and misconfigurations. It consolidates security data to improve decision-making and operational efficiency. The platform simulates attacks to measure and optimize security controls.
Key facts about Picus Security
- Founded Year: 2013
- Location: Ankara (Turkey)
- Stage: Series C
- Total Funding till date: $80M
- Employee Count: 315 as on May 31, 2026
- Investors: Riverwood Capital, Mastercard and 7 Others
- Latest Funding Round: Series C, Sep 19, 2024, $*****
- Highlight: Editors' Pick
3. Ubicloud
Open and portable cloud services on bare metal providers. Elastic computing, virtual networking, block storage, managed PostgreSQL and attribute based access control are some of the features of the platform. The platform is also used to deploy web applications
Key facts about Ubicloud
- Founded Year: 2023
- Location: San Francisco (United States)
- Stage: Seed
- Total Funding till date: $16M
- Employee Count: 19 as on May 31, 2026
- Investors: e2vc, ScaleX and 1 Other
- Latest Funding Round: Seed, Mar 05, 2024, $*****
- Highlight: Editors' Pick
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4. Figopara
Online marketplace for invoice financing. It enables businesses to upload invoices via the platform. The buyer verifies the invoices. The supplier company accepts the offer made by the financial company with which the buyer has an agreement and the amount of the offer is transferred to the account. It also offers invoice tracking. It also provides an app that is available on Android devices.
Key facts about Figopara
5. Cybeats
Provider of a cybersecurity platform for IoT devices. It provides solutions to identify security vulnerabilities in the development process of a device and protects it against abnormal device behaviour and allows immediate response without downtime. It also provides SOC integration and tools to manage the ongoing security of deployed devices, including secure firmware updates.
Key facts about Cybeats
- Founded Year: 2016
- Location: Toronto (Canada)
- Stage: Public
- Total Funding till date: $3M
- Employee Count: 49 as on May 27, 2025
- Investors: Inovia Capital, MaRS Discovery District and 12 Others
- Latest Funding Round: Post IPO, Nov 13, 2025, $*****
- Highlight: Public
ScaleX's Year-on-Year Investment Trends
ScaleX has invested in 23 companies over the last 8 years, with an average of 2 new investments annually in the last 5 years. As of Jun 2026, it has made 1 investment in this year. Its most recent first time investment was in Saltroad and most recent follow-on round was in Hipporello.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 0 | 0 | 0 |
2024 | 1 | 0 | 1 |
2023 | 3 | 1 | 4 |
2022 | 5 | 0 | 5 |
2021 | 0 | 0 | 0 |
2020 | 2 | 0 | 2 |
2019 | 2 | 0 | 2 |
2018 | 1 | 0 | 1 |
ScaleX's Investments by Stage
ScaleX has made 9 investments in Seed stage with an average round size of $2.19M, 5 investments in Series A stage with an average round size of $6.82M and 1 investment in Unattributed stage with an average round size of $1.3M.Stage of entry | No. of Investments |
|---|---|
Seed | 9 |
Series A | 5 |
Unattributed | 1 |
Note: We have considered here, only first round of investments
ScaleX's Investments by Sector
ScaleX has a diverse portfolio, with companies operating in the Enterprise Applications, Enterprise Infrastructure, Consumer, High Tech and Auto Tech. Notably, it has invested in 23 Tech companies, 20 Enterprise (B2B) companies, 20 Software companies and at least 14 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 10 |
Enterprise Infrastructure | 6 |
Consumer | 3 |
High Tech | 3 |
Auto Tech | 2 |
Others | 9 |
Note: We have considered here, only first round of investments
ScaleX's Investments by Geography
ScaleX has made most investments in United States (8), followed by Turkey where it has made 4 investments.Country | No. of Investments |
|---|---|
United States | 8 |
Turkey | 4 |
United Kingdom | 2 |
Canada | 1 |
Germany | 1 |
Note: We have considered here, only first round of investments
ScaleX's recent investments
ScaleX has made 1 investments in 2026 so far - Saltroad.Here are the most recent investments by ScaleX:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 30, 2026 | United Kingdom | Seed | 7044 | [+1] | |
Sep 19, 2024 | United States | Seed | 5957 | [+1] | |
Jun 26, 2023 | United States | Seed | 6554 | [+9] | |
May 08, 2023 | United States | Seed | 4931 | [+3] | |
Mar 27, 2023 | United Kingdom | Seed | 1369 | [+4] |
IPOs and Publicly Listed companies in ScaleX's Portfolio
1 of ScaleX's portfolio company became public - Cybeats. It got listed on the Canadian Securities Exchange (CSE), in Nov 2022 at marketcap of $764MHere are ScaleX's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 21, 2022 | Dec 18, 2018 | Seed | 6989 |
Acquired companies in ScaleX's Portfolio
4 companies from ScaleX's portfolio have been acquired. The most recent acquisition was Kondukto in Aug 2025 by Invicti for $*****.Here are ScaleX's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Aug 14, 2025 | Sep 06, 2022 | Seed | 5833 | |
May 28, 2025 | Dec 10, 2019 | Series A | 4462 | |
Mar 19, 2024 | Mar 22, 2022 | Unattributed | 9998 | |
Feb 21, 2020 | - | - | 3258 |
Team profile of ScaleX
ScaleX has a team of 11 members including 2 Partners, 1 Venture Partner and 1 Principal located in Turkey. ScaleX's team does not sit on the board of any company as of now.Here is a list of top team members in ScaleX:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Ankara | - | ||
Partner | - | - | - | |
Venture Partner | Turkey | - | ||
Principal | Istanbul | - |
Co-investors of ScaleX
Over the past 8 years, 85 investors have co-invested in ScaleX's portfolio companies. This includes funds and angels.
- Invested before ScaleX: Y Combinator, TechNexus and 27 others have invested in rounds before ScaleX. There is 1 company where Y Combinator has invested before ScaleX and 1 company where TechNexus has invested before ScaleX.
- Top Co-investors of ScaleX: 40 investors entered a company along with ScaleX. These include investors like Berkay Mollamustafaoglu (2 companies).
- Invested after ScaleX: A total of 16 investors have invested in ScaleX's portfolio after their investments. Top Investors include Revo Capital (2 companies), IF Capital (1 company) and Trkiye Kalknma Fonu (1 company).
Recent News related to ScaleX
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Opnova Emerges from Stealth with $3.75 Million in Funding to Set a New Standard in IT, Security, and Compliance OperationsBusiness Wire•Sep 19, 2024•Opnova, Faber India, ScaleX, Preface Ventures and 2 others
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Upstash received an investment of $ 10 million under the leadership of Andreessen HorowitzWebrazzi•Feb 09, 2024•Upstash, Andreessen Horowitz, ScaleX, Mango Captial and 1 other
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Bluedot Secures $5M in Total FundingFinSMEs•Jun 30, 2023•Bluedot, Y Combinator, Samsara Ventures, Operator Stack and 9 others
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No-code application platform Hipporello receives $1.8 million seed investmentegirisim•May 08, 2023•Hipporello, ScaleX, Atlassian, TTGV
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London startup founded by Turkish cousins raises $1.3M for its B2B deal closing software, FlowlaTech Funding News•Mar 28, 2023•Logo Ventures, ScaleX, Fuel Ventures, Getplace.io and 2 others
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Domestic fintech Figopara received an investment of 11 million dollars over a 50 million dollar valuationegirisim•Oct 13, 2022•Figopara, L2G Ventures, IFC, Eczacıbası Momentum and 8 others
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Upstash snags $1.9M seed to build serverless data platform for Redis and KafkaTechCrunch+•Mar 17, 2022•Upstash, Mango Captial, AngelList, ScaleX
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ScaleX and ZenMango Partner to Deliver Pipeline at ScaleEIN Presswire•Dec 30, 2020•ScaleX, ZenMango, ScaleX.ai
