Key Takeaways
- • Scope Labs, a New York City technology firm, appointed industry veteran Dave Sukoff as Chief Strategy Officer to lead the formation of Scope Labs Capital, a new venture capital arm.
- • Scope Labs Capital will make early-stage investments in privately held companies both inside and outside the Scope Labs client family.
- • Scope Labs reports its clients have collectively raised $20 million in funding using products built by its engineering team.
- • Scope Labs has tripled its engineering team and partnered with more than 20 early-stage companies since 2023, according to the company.
Summary
Scope Labs, an New York City-based technology firm, has appointed Dave Sukoff as Chief Strategy Officer, according to a Business Wire announcement. Sukoff will oversee the growth and formation of Scope Labs Capital, a new venture capital arm that the company says completes its three-pillar model of development talent, proprietary technology, and capital. The fund will make strategic early-stage investments in innovative, privately held companies both within and outside the Scope Labs client family. Sukoff will also help drive growth, recruiting, and sales across the broader company.
CEO Jack Phifer said Sukoff's experience supports the company's effort to "forge a new path for startups." Sukoff described the firm's approach as a new, improved model for the startup space and said Scope's understanding of what makes a strong tech company is central to successful early-stage investment. The release says Sukoff's career in technology and finance spans nearly three decades, that he holds four U.S. patents, and that he advised several Presidential campaigns on fiscal policy. It also states that he founded a hedge fund that he grew from scratch to $500 million, and that he was featured on the cover of Bloomberg Magazine in 2003 for his company Precept. The release describes him as an MIT graduate with early work on AI tools in finance.
Scope Labs was conceptualized in 2022 by MIT engineers Jack Phifer (CEO), Jack Strahan (Chief Design Officer), and Cory O'Shea (Chief Technology Officer). Jason Polan joined as Chief Operating Officer in 2023. According to the company, it has tripled its engineering team and partnered with more than 20 early-stage companies, acting as an outsourced technical co-founder. The company states its clients have collectively raised $20 million using products its engineering team built. The release is company-issued and the figures have not been independently verified. Details on Scope Labs Capital's fund size and target check sizes were not disclosed.
CEO Jack Phifer said Sukoff's experience supports the company's effort to "forge a new path for startups." Sukoff described the firm's approach as a new, improved model for the startup space and said Scope's understanding of what makes a strong tech company is central to successful early-stage investment. The release says Sukoff's career in technology and finance spans nearly three decades, that he holds four U.S. patents, and that he advised several Presidential campaigns on fiscal policy. It also states that he founded a hedge fund that he grew from scratch to $500 million, and that he was featured on the cover of Bloomberg Magazine in 2003 for his company Precept. The release describes him as an MIT graduate with early work on AI tools in finance.
Scope Labs was conceptualized in 2022 by MIT engineers Jack Phifer (CEO), Jack Strahan (Chief Design Officer), and Cory O'Shea (Chief Technology Officer). Jason Polan joined as Chief Operating Officer in 2023. According to the company, it has tripled its engineering team and partnered with more than 20 early-stage companies, acting as an outsourced technical co-founder. The company states its clients have collectively raised $20 million using products its engineering team built. The release is company-issued and the figures have not been independently verified. Details on Scope Labs Capital's fund size and target check sizes were not disclosed.
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