Jeff Clavier’s SoftTech VC Raises $55 Million For Fund III

The micro-VCs are growing up. Case in point: Jeff Clavier, who started out as an angel investor backing Web 2.0 companies and then transitioned his portfolio into a more formal venture firm, SoftTech VC. Clavier just finished raising a total of $55 million for SoftTech's third fund. SoftTech's main focus is on three areas: mobile, next-generation e-commerce, and cloud-based services.

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