Standard Metrics, the AI-driven portfolio management platform built for venture capital and private equity firms, has closed $20m in Series B funding as it pushes deeper into AI-powered tools for private market investors.
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 other backers.
The raise comes as AI momentum fuels rapid growth across private companies, pushing investors in an increasingly crowded market to seek out tools that give them faster, sharper insight into their portfolios.
In response, Standard Metrics has rolled out AI document parsing, an in-platform AI Analyst, interoperability through MCP, and a set of AI-native services designed to support data operations and portfolio analytics.
Since its Series A, Standard Metrics has expanded its business roughly 20-fold. Its platform now underpins more than 10,000 portfolio companies and serves over 150 investment firms overseeing upwards of $400bn in assets. Notably, three in ten investors on the current Forbes Midas List are Standard Metrics customers.
Founded in 2020, Standard Metrics set out to resolve long-standing inefficiencies in investor relations across private markets, launching first with a reporting network designed to improve collaboration between investors and their portfolio companies. Since then, the platform has grown into a central hub for portfolio performance and investment data, offering benchmarking tools and investment insights. Its automated data ingestion capabilities, paired with AI-driven analysis and reporting, are designed to help VC and PE firms simplify portfolio reviews, valuations, LP reporting and due diligence.
The newly raised capital will go towards expanding the company’s AI capabilities further, growing its team, and extending its platform to a wider base of private market investors and their portfolio companies.
Standard Metrics co-founder and CEO John Melas-Kyriazi said, “Our mission at Standard Metrics is to accelerate innovation in the private markets. 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.”
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