--- title: "How Much Did Standard Metrics Raise? $20M Series B, No Valuation" description: "Standard Metrics closed a $20 million Series B led by 8VC. Spark Capital participated. The company cites roughly $50 million raised to date, most from customers, 150 firms, $400 billion in AUM on the platform, and no valuation." date: 2026-08-31T00:00:00.000Z tags: ["2026-vc-news", "startup-funding", "venture-capital", "8vc", "fintech", "artificial-intelligence"] source: https://venturecapitaltracker.com/2026-standard-metrics-20m-series-b-8vc --- # How Much Did Standard Metrics Raise? $20M Series B, No Valuation > Standard Metrics closed a $20 million Series B led by 8VC. Spark Capital participated. The company cites roughly $50 million raised to date, most from customers, 150 firms, $400 billion in AUM on the platform, and no valuation. **Standard Metrics raised $20 million Series B** on **August 24, 2026**. **[8VC](/fund/8vc)** led. **[Spark Capital](/fund/spark-capital)** participated. **Unexpected truth:** there is **no valuation**, and the company says **most of ~$50 million** raised to date came from **customers**, not from a classic outside-lead stack. The product is GP/LP **portfolio operations** software — the job PitchBook’s free profile does not finish. This page is for people who searched the brand and need the live round, the named funds we actually cover, and the claims that are still company-only. Last verified **August 31, 2026**. Facts below are the [company post](https://standardmetrics.io/we-raised-a-20m-series-b-from-our-customers-to-accelerate-innovation-in-the-private-markets/) and the [PR Newswire release](https://www.prnewswire.com/news-releases/ai-driven-portfolio-management-platform-standard-metrics-raises-20m-to-supercharge-private-markets-innovation-302856929.html). ## Five-minute decision | If you need… | Verdict | | --- | --- | | What happened | **Funded.** $20M Series B, Aug 24. **No valuation.** | | Who led | **[8VC](/fund/8vc).** [Spark](/fund/spark-capital) in. | | What they sell | AI-native portfolio reporting for VC/PE. | | Traction you can cite | **Company:** 150 firms, **$400B** AUM on platform, 10,000 portcos, **~20x** since Series A. | | Whether to diligence | **Yes**, if you underwrite GP back-office software. **No**, if you need a mark or audited ARR. | **Investigate further when:** you believe LP reporting and valuation work will move from email/PDFs onto an AI-native ledger the GPs already pay for. **Wait or pass when:** you need ARR, net retention, or a post-money. ## What happened | Field | Detail | | --- | --- | | Company | Standard Metrics ([standardmetrics.io](https://standardmetrics.io)); CEO John Melas-Kyriazi; founded 2020; San Francisco | | Round | **$20M Series B** · **no valuation** · Aug 24, 2026 | | Lead | [8VC](/fund/8vc) | | Named participants | Salesforce Ventures, [Spark Capital](/fund/spark-capital), January Capital, First Trust Capital Partners, Socii Capital, Kindergarten Ventures, Calm Ventures, Gaingels | | Cumulative capital | **~$50M** to date (company). **Most from customers.** Series A amount **not** restated in this post. | | Use of proceeds | Company: AI document processing, AI Analyst / MCP, more firms on the network | | Revenue | **Not disclosed.** “~20x since Series A” is a **company growth claim**, not a dollar. | Do not invent `/fund/` pages for Salesforce Ventures, January Capital, or Gaingels. ## What Standard Metrics actually does **Job:** replace spreadsheet / email / PDF portfolio reporting with one data plane GPs, CFOs, and LPs can reuse. **Company:** automated ingestion, document parsing, on-platform AI Analyst, MCP server, agentic reporting. One unnamed customer cut quarterly reporting from **15 days to 2 days** by wiring Standard Metrics data into AI workflows — a **single anecdote**, not a product SLA. **Named customers (PR, not the blog):** [General Catalyst](/fund/general-catalyst), [Bessemer](/fund/bessemer-venture-partners), Accel. Accel has **no** `/fund/` page here. **Network claim (company):** **>150** firms, **>$400B** AUM, **>10,000** portfolio companies, **30%** of the current Forbes Midas List. Treat the Midas percentage as marketing until a list is published. ## Standard Metrics vs PitchBook vs Carta — what differs | | [Standard Metrics](/startup/standard-metrics) | PitchBook free company page | Carta | | --- | --- | --- | --- | | Job on this query | Diligence memo for the **$20M B** | Gated funding/valuation tease | Cap table / equity infrastructure | | Who pays | GPs / PE ops teams (company) | Data subscribers | Companies and investors on the cap table | | Live print | **$20M**, **no valuation** | Profile exists; dollars behind login | Not this round | | Funds we can link | [8VC](/fund/8vc), [Spark](/fund/spark-capital) | n/a | n/a | PitchBook ranks for the brand. It does not tell you 8VC led, Spark followed, or that the company refuses a mark. That is the gap this page fills. ## Worked numbers (company figures) Setup: company says **~$50 million** raised to date and this close is **$20 million**. Move: $20M / $50M = **40%** of disclosed cumulative capital — **illustrative only**. Punch: the B is a large slice of the running total **if** ~$50M is complete. The same post says **most** of that stack came from **customers**, so the $20M is not “first institutional money.” It does **not** produce ARR or a valuation. ## When not to use this page - Do not invent a **valuation**. - Do not convert **20x since Series A** or **$400B AUM** into Standard Metrics revenue. - Do not treat the **15 days → 2 days** story as a benchmark. - Do not write Accel, Salesforce Ventures, or January Capital as `/fund/` pages. - Do not confuse this company with a “standard metrics” accounting glossary. ## Where to go next Entity: [Standard Metrics](/startup/standard-metrics). Lead: [8VC](/fund/8vc). Participant: [Spark Capital](/fund/spark-capital) (also led [CivilGrid’s $26M A](/2026-civilgrid-26m-series-a-spark-eip) the same week). Named customers with pages: [General Catalyst](/fund/general-catalyst), [Bessemer](/fund/bessemer-venture-partners). Day tape: [August 31 VC news](/2026-august-31-investment-news-adaptyv-clerky-metrics). Month: [August 2026 VC news](/2026-august-vc-news). Directory: [/directory](/directory). **By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy) **Last updated:** August 31, 2026 **Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.