Jeff Clavier's SoftTech VC Raises $15 Million For New Fund; Adds New Partners
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.