Today, SoftTech VC (http://www.softtechvc.com) announced the closing of SoftTech VC IV, an
"After investing in 150 startups over the last ten years, we are very excited to see an increase in quality and volume of funding opportunities reaching out to us on a daily basis," said Jeff Clavier, founder and managing partner at SoftTech VC. "Our job is to sift through a funnel of 2,000 to 3,000 opportunities per year, invest in 15, help them staff up, launch their product, and build their sales and marketing engine to successfully raise follow on rounds from the best VC firms."
SoftTech VC is one of the most established "micro VCs" in
Clavier says the goal of the Fund IV is to take larger stakes in portfolio companies and to have the resources to follow-on in subsequent rounds. The fund's strategy is to make initial investments of
Over the years, SoftTech VC has evolved from an initial B2C focus to a more balanced interest in B2B and directly monetizable B2C opportunities. The firm's key sectors are Software-As-A-Service (SaaS) – including mobile infrastructure and services, vertical SaaS and cloud infrastructure, B2C services and connected devices, and marketplaces. Clavier says the firm will also continue to invest in many of the new wedges his team began exploring in Fund III, including
SoftTech VC funds are backed by a mix of institutional LPs, family offices and individual investors - often successful entrepreneurs from previous SoftTech portfolio companies. SoftTech VC IV's syndicate includes 20 institutional LPs and 40 individuals (43% Fund of Funds, 23% Family Offices, 15% Endowments & Pension Funds, 10% Foundations, 9% Individuals).
Over the years, SoftTech VC has seen a large number of M&A transactions like Mint [Intuit],
About SoftTech VC
SoftTech VC is one of the original micro VC firms, founded in 2004 and backing over 150 early-stage start-ups. Based in
More information available at http://www.softtechvc.com or follow us on twitter @softtechvc.
Read the full story at http://www.prweb.com/releases/SoftTechvc/FundIV/prweb11978828.htm
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