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Venture Capital
flukeventures.com

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Investments

81

Portfolio Exits

17

Funds

3

About Fluke Venture Partners

Fluke Venture Partners has a long tradition of assisting Pacific Northwest entrepreneurs in building companies. Over more than two and a half decades they have supported many businesses from the early stages onward.

Fluke Venture Partners Headquarter Location

11300 SE 6th Street Suite 230

98004,

United States

425-453-4590

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Latest Fluke Venture Partners News

Warburg Pincus announces majority investment in PayScale of up to $100 million

Apr 26, 2014

Tags: Allen & Co. , Allen & Company , Fluke Venture Partners , Madrona Venture Group , Mike Metzger , Montlake Capital , PayScale , SAP Ventures , Startups , Trinity Ventures , Warburg Pincus Warburg Pincus has announced it has made a majority investment in compensation software service company PayScale as part of a deal worth up to $100 million. PayScale was founded in 2000 and offers customers access to the world’s largest database of individual compensation profiles, which contains more than 40 million salary profiles. PayScale’s products are powered by algorithms that dynamically acquire and aggregate compensation information for millions of individuals in real-time. PayScale has more than 3,000 of its enterprise subscribers in 13 countries that rely on the company’s products to make salary decisions for more than 2 million employees. “This investment validates PayScale’s position as the leading compensation data and SaaS provider enabling businesses to attract, retain and optimize the return on their most important assets, their people,” said Mike Metzger, President and Chief Executive Officer of PayScale. “By leveraging Warburg Pincus’ expertise, experience and growth capital, we will be able to enhance our product offerings and accelerate our growth.” The funding will be used to support marketing, sales initiatives, and new hires. Prior to this deal, PayScale raised funding from investors like Montlake Capital, Madrona Venture Group, Fluke Venture Partners, Trinity Ventures, Allen & Co., and SAP Ventures.

Fluke Venture Partners Investments

81 Investments

Fluke Venture Partners has made 81 investments. Their latest investment was in Columbia Nutritional as part of their Unattributed VC on August 8, 2019.

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Fluke Venture Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/13/2019

Unattributed VC

Columbia Nutritional

$0.75M

Yes

1

11/6/2013

Series C - II

Concordia Coffee Company

$1.5M

No

1

10/17/2013

Debt - II

Concordia Coffee Company

$0.5M

No

1

6/27/2012

Series C

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$99M

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10

6/13/2012

Debt

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$99M

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0

Date

8/13/2019

11/6/2013

10/17/2013

6/27/2012

6/13/2012

Round

Unattributed VC

Series C - II

Debt - II

Series C

Debt

Company

Columbia Nutritional

Concordia Coffee Company

Concordia Coffee Company

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Amount

$0.75M

$1.5M

$0.5M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

1

1

1

10

0

Fluke Venture Partners Portfolio Exits

17 Portfolio Exits

Fluke Venture Partners has 17 portfolio exits. Their latest portfolio exit was Palantir Technologies on September 30, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/30/2020

IPO

$99M

4

9/24/2020

Acquired

$99M

2

10/10/2017

Acquired

2

9/9/2014

Acq - Fin

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10

4/24/2014

Acq - Fin

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$99M

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10

Date

9/30/2020

9/24/2020

10/10/2017

9/9/2014

4/24/2014

Exit

IPO

Acquired

Acquired

Acq - Fin

Acq - Fin

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

4

2

2

10

10

Fluke Venture Partners Fund History

3 Fund Histories

Fluke Venture Partners has 3 funds, including Fluke Venture Partners III LP.

Closing Date

Fund

Fund Type

Status

Amount

Sources

8/16/2007

Fluke Venture Partners III LP

Early-Stage Venture Capital

Closed

$100M

1

8/16/2004

Fluke Venture Partners II LP

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$99M

10

6/15/1999

Fluke Venture Partners LP

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$99M

10

Closing Date

8/16/2007

8/16/2004

6/15/1999

Fund

Fluke Venture Partners III LP

Fluke Venture Partners II LP

Fluke Venture Partners LP

Fund Type

Early-Stage Venture Capital

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Status

Closed

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Amount

$100M

$99M

$99M

Sources

1

10

10

Fluke Venture Partners Team

2 Team Members

Fluke Venture Partners has 2 team members, including current Managing Director, Kevin Gabelein.

Name

Work History

Title

Status

Kevin Gabelein

Managing Director

Current

Kirsten Morbeck

Microsoft, Mohr Davidow Ventures, and Lehman Brothers

Managing Director

Former

Name

Kevin Gabelein

Kirsten Morbeck

Work History

Microsoft, Mohr Davidow Ventures, and Lehman Brothers

Title

Managing Director

Managing Director

Status

Current

Former

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