VC  SoftTech VC

http://www.softtechvc.com





     Office Locations:

395 Page Mill Rd., Suite 110
Palo Alto, CA 94301
Phone: 650-688-1801
Fax: 650-475 3937

 

Stages:

  • Seed


 

Industries:

  • Information Technology
  • Software & Internet

  •  

    Description:

    SoftTech VC is a seed stage venture capital firm, started in 2004, and operated by Jeff Clavier, one of the most active Web 2.0 angel investors. Mr. Clavier put together Fund II during the summer of 2007 and announced it in September 2007. Mr. Clavier's goal with Fund II was to invest in about 20 companies per year, as a lead, co-lead or member of a syndicate, investing $100K to $5000K without a specific target in percentage of ownership. Round size would range $500K to $1.5M, and would include typically one to three other seed firms, a number of individual angels and in some cases traditional VCs investing directly from their main fund or through a seed vehicle. Since August 2007, SoftTech VC II has invested in 60+ early stage startups, pretty much keeping up with the stated objective of 20 companies per year. Similar to Fund I, Fund II had a number of early stage exits, and has seen significant follow-on activity with 29 companies raising over $170M in additional financing to date. In 2011, a $35M successor fund made its debut. This fund targets an average initial 'bite size' of $400K, ranging from $250K to $750K - with selective follow-on reserves, with an initial ownership target of 5% - and 10%. June 2014 the firm announced the closing of SoftTech VC IV, an $85 million venture capital fund. The fund is a substantial boost in size from SoftTech VC's $55 million third fund that was raised in 2011. Like its predecessor funds, this fund focuses on seed stage opportunities in B2B and B2C technology startups. 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 $500,000 to $1 million, with the goal of owning a 7-10% ownership stake. The fund plans to invest about $35 million in 50 companies over 3 years, leaving $50 million earmarked for follow-ons. The geographic mix is expected to mirror the current roster of active portfolio companies, of which 80% are located in San Francisco/Silicon Valley, and New York, Boulder, Southern California, and Toronto-Waterloo forming the balance. June of 2016, SoftTech VC raised $100 million for its fifth seed stage venture fund and $50 million for its opportunity fund. SoftTech VC V will focus on backing about 40 startups over three years in sectors that include SaaS/b2b, connected devices and monetized consumer services while SoftTech VC Plus will target specific growth stage investments across previous SoftTech VC funds.


     

    Funds:


      Fund Name


      Amount


      Date

    Get funds under management for this firm including Fund name, Dollar size of fund raise, and Vintage with a National Database subscription or Silicon Valley Database subscription.



    Investment Firm Key

       VC = Venture Capital
       PE = Private Equity
       A = Angel
       I = Incubator
       MB = Merchant Bank
       VD = Venture Debt
       FI = Family Investment Office
       FOF = Fund of Funds
       ED = Economic Development Office   
       TT = Technology Transfer Office
       CVC = Corporate Venture Capital
       SEC = Secondary Purchaser
       HF = Hedge Fund/Mutual Fund
       
       
       
    COMPANY STAGEREVENUE
    Venture Capital
    Seed Stage
    (includes "pre-seed," or
    concept stage)
    No Revenue
    Early StageMinimal
    Revenue
    Growth Stage
    (also called Mid-stage)
    $2M-$7M
    Expansion Stage
    (also called Late-stage)
    $7M and greater
    Private Equity
    Lower Middle Market$10M-$249M
    Middle Market$250M-$499M
    Upper Middle Market$500M-$1B
    Large Cap>$1B
       
       
     

    Investment Team:


    Name   Title
    Get the complete investment team + individual email addresses for investment team partners. Get personal images, LinkedIn links, investment specialties, office locations and more with a National Database subscription or Silicon Valley Database subscription.
    Ashley Cravens Operations
    Charles Hudson Venture Partner
    Jean-Francois (Jeff) Clavier Founder & Managing Partner
    Stephanie Palmeri Principal

     

    Recent Funding Events (trailing 12 months):


      Date


      Name


      State


      Amount


      Stage


      11/09/2017


      Panorama Education


      MA


      $16,000,000


      Series B


      11/01/2017


      Shippo


      CA


      $20,000,000


      Series B


      09/14/2017


      Carrot Fertility


      CA


      $3,600,000


      Seed


      08/16/2017


      Phil


      CA


      $10,000,000


      Series A


      07/06/2017


      OnboardIQ


      CA


      $9,100,000


      Series A


      06/21/2017


      GreatHorn


      MA


      $6,300,000


      Series A


      05/15/2017


      Vivid Vision


      CA


      $2,200,000


      Seed


     

    Portfolio companies include:


      6SensorLabs
        web link


      8tracks
        web link


      about.me
        web link


      Active Athlete Media
        web link


      Answerly
        web link


      August
        web link


      BetterDoctor
        web link


      BetterWorks
        web link


      Bionic Panda
        web link


      Blekko
        web link


      BlinkBooking
        web link


      Breezy
        web link


      Byliner
        web link


      Captain401
        web link


      Card.io
        web link


      Carrot Fertility
        web link


      Circle of moms
        web link


      ClassDojo
        web link


      Clever
        web link


      Coterie
        web link


      DeveloperAuction
        web link


      DNAnexus
        web link


      Doblet
        web link


      DroneDeploy
        web link


      Educents
        web link


      Fab
        web link


      Fitbit
        web link


      fotopedia
        web link


      Gigwalk
        web link


      Gnip
        web link


      GreatHorn
        web link


      grouply
        web link


      Grovo
        web link


      Handshake
        web link


      Hired
        web link


      Isocket
        web link


      Kahuna
        web link


      Lantern
        web link


      Movieclips
        web link


      OnboardIQ
        web link


      One True Fan
        web link


      Panorama Education
        web link


      Phil
        web link


      Poshmark
        web link


      Postmates
        web link


      RJMetrics
        web link


      Sapho
        web link


      Satisfaction Unlimited
        web link


      SendGrid
        web link


      Shippo
        web link


      SocialMedia.com
        web link


      Songkick
        web link


      Stitch
        web link


      StrikeAd
        web link


      TakeLessons
        web link


      TownHog
        web link


      Visually
        web link


      Vivid Vision
        web link


      WeGame
        web link


      ZenReach
        web link


     

    Recent News:


      There is no recent news for SoftTech VC.