SoftTech VC to Raise Two VC Funds Totalling $130M

softtechvc-logoPalo Alto, CA-based early stage venture capital firm SoftTech VC is to raise two new funds.

According to documents filed with the S.E.C., the firm is raising a $100m principal fund, called SoftTech VC V, L.P., and a $30m fund to continue to back promising portfolio companies as they mature, called SoftTech VC Breakout Fund I, L.P.

Led by Jeff Clavier, and newly promoted partners Stephanie Palmeri and Andy McLoughlin (read our post here), SoftTech VC focuses on investing in B2B/Saas, Marketplaces, Connected Devices and B2C startups based in Silicon Valley, New York, Southern California, Boulder and Canada.

Founded in 2004, the firm has invested in over 170 companies and started investing its fourth fund, the $85M SoftTech VC IV, in 2013.

FinSMEs

22/01/2016

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