Tuesday, September 18, 2007

SoftTech's Jeff Clavier Raises VC Fund

Menlo Park-based SoftTech, an early stage venture capital fund, said today at the TechCrunch40 conference that the firm has raised a $12M seed-stage fund. The fund, SofTechVC II, L.P., is headed by angel investor Jeff Clavier. According to Clavier, the fund includes both institutional and private investors. Clavier said in a blog post that the firm has invested in SocialMedia.com, Active Athlete Media, Satisfaction Unlimited, and Grouply.