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The Venture Codex

Scale Capital

229 Providencia Fl 3, Santiago, Santiago Metropolitan, Chile

Overview

Scale Capital is a Mid Market Growth and Private Equity firm exclusively dedicated to investments in Telecommunications, Media and Technology in Latin America and Spain

Total investments
20
Lead investments
10
Investments · 12mo
4
Active investors
5

Sector focus

  • Finance
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Investment portfolio

  • Six Robotics

    Participated · Seed · Jun 2026

    Six Robotics builds Valkyrie, a hardware-agnostic software platform that handles autonomous mission planning, real-time task distribution, and onboard decision-making to allow one operator to manage coordinated drone swarms. The platform interoperates with aircraft from different manufacturers and is intended for contested or communications-disrupted environments where swarming provides a force multiplier. The Norwegian Army has received and tested Valkyrie swarms, and Six Robotics has run joint exercises with Sweden and Finland; the Norwegian Defence Research Establishment worked closely on development and signed a licensing agreement enabling wider commercialisation. The company was founded in 2023 and is based in Oslo. Before this institutional round the team grew from roughly five people to about 90 employees using friends-and-family funding. Six Robotics positions its software-first, hardware-agnostic approach as a differentiator versus competitors that build their own airframes.

  • Sparrow Quantum

    Participated · Series A · Dec 2025

    Sparrow Quantum is a Danish spin-out from the Niels Bohr Institute that designs and manufactures the Sparrow Core, a photonic chip able to generate on-demand single photons—an essential building block for photonic quantum computers and secure quantum communication networks. Its deterministic photon source operates at room temperature, offers strong noise resistance, and is designed for scalable integration into standard microchips, avoiding the cryogenic cooling required by many competing platforms. The technology is already deployed by several European technology companies, demonstrating industrial readiness. With fresh capital, Sparrow Quantum plans to scale up chip production, expand globally, and accelerate development of its next generation of quantum chips. The company positions itself as a pillar of Denmark’s and Europe’s quantum-technology strategy, leveraging research momentum from the Niels Bohr Institute. The recent Series A round is reported as the largest quantum-technology investment to date in the Nordics, underscoring significant investor confidence in the firm’s commercial prospects.

  • Bsure

    Led · Seed · Nov 2025

    Founded in 2022, Norwegian startup Bsure connects directly to Microsoft Entra ID to map every user, service and permission in a Microsoft 365 environment. The SaaS platform surfaces inactive or risky accounts, flags excessive privileges, and highlights redundant licences, addressing one of IT’s most persistent blind spots. Bsure reports that up to 40 % of user accounts at many organisations are inactive, a vulnerability implicated in over 90 % of account-compromise incidents cited in Microsoft’s 2024 Digital Defense Report. The company already serves more than 200 customers across nine countries in both public and private sectors. With fresh funding, Bsure plans to expand its team, accelerate international sales beyond the Nordics and its early U.S. footprint, and embed more scalable, AI-driven features into the product. The new capital follows a $2.1 million seed round and will support continued product development focused on ease of deployment and actionable visibility.

  • Sonair

    Participated · Equity · Sep 2025

    Oslo-based Sonair has built an acoustic detection and ranging (ADAR) sensor that emits high-frequency ultrasound and processes the returning echoes to create a three-dimensional map of nearby objects. The company positions its technology as a complementary alternative to LIDAR, arguing that filling a room with sound offers richer, more reliable depth data than a single laser sweep. Released earlier this year, the sensor outputs data in standard robotics formats, allowing straightforward integration with existing hardware and software stacks. Robotics manufacturers are already planning to embed the sensor in upcoming models, and industrial customers are using it to automatically shut down heavy machinery when people enter restricted zones. Sonair currently faces little direct competition in sonar-based robotic perception but anticipates new entrants as safety standards tighten. Management’s long-term vision is to make its sensor as ubiquitous as cameras in autonomous systems. Although no revenue or user figures were disclosed, the firm is entering a scale-up phase backed by fresh capital.

  • All Gravy

    Led · Seed · Mar 2025

    All Gravy is an AI-driven workforce management platform founded in 2020 that centralizes communications, operations, and learning for frontline employees. The platform offers features such as flexible pay, scheduling, internal messaging, training modules, and engagement surveys. It serves over 1,000 businesses globally and operates across the UK, Denmark, Norway, and Sweden, including major UK brands like Dishoom, Pizza Pilgrims, Honest Burgers, and Ottolenghi. The company has raised €2.6M in Seed funding to date. All Gravy plans to use the funding to accelerate its UK expansion, enhance product development, and further integrate AI into its workforce management tools to improve efficiency and engagement. Founders are Jonatan Marc Rasmussen and Kristian Lundager. All Gravy builds a people operating system aimed at hourly-paid workers in retail and hospitality, combining instant access to earned wages, incentives and workforce analytics. The product provides qualitative and quantitative insights to help HR and operations make strategic decisions to reduce churn. The company says its tool drives 20% more shifts taken per employee and 15% increased retention. All Gravy has signed over 150 restaurants and counts McDonald’s among its clients. Founded in 2020 in Copenhagen, the team plans to build out its product suite and accelerate growth in Denmark and Sweden. Leadership highlights include CEO Jonatan Rasmussen and CTO Kristian Lundager, who emphasize solving churn, sentiment and engagement issues for employers.

Team