It looks like Jeff Clavier‘s venture fund SoftTech VC has just raised $15 million out of $35 million for a new fund, SoftTech VC III according to an SEC filing. In addition, it appears that Charles Hudson has joined as a partner in the fund. Update:Clavier has officially announced that Hudson has joined SoftTech as a venture partner.
In terms of history, “Super Angel” Clavier launched Fund II, a $15 million seed fund focusing on the consumer Internet space in 2007, aimed at investing in 50+ companies over 3 years. Fund II has invested in 60+ early stage startups, with 29 companies raising over $170 million in additional financing to date.
From 2004 to 2007, Clavier operated Fund 1, which produced 7 early stage exits with a total consideration of $350 million. And 14 of the companies funded out of this investment fund raised north of $200 million in follow-on financing.
Clavier has invested in a number of high-profile startups including Blekko, Bit.ly, Animoto, Milo, Get Satisfaction, Userplane, Truveo, MyBlogLog and many others.
Hudson was previously the the VP of Business Development for social gaming company Serious Business, which was acquired by Zynga in February of 2010. Prior to this role, Hudson was the Sr. Director for Business Development at Gaia Online and also held roles at Google and In-Q-Tel, the venture arm of the CIA.
We’ve contacted Clavier for confirmation and will update when we hear back.
UPDATE: Clavier declined to comment on the new fund.
SoftTech VC is an early stage venture capital firm managing seed stage funds, SoftTech VC II and SoftTech VC III. SoftTech VC funds are backed by a mix of institutional and private investors. SoftTech has consistently invested in 20+ new opportunities a year in consumer Internet companies, including next gen commerce, mobile and SaaS. Founder and managing partner Jeff Clavier launched SoftTech VC in 2004, making the original 20+ investments (our non-traditional ‘Fund I’) as a business angel, investing his...
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