SoftTech VC Raises $150 Million to Invest in Technology Startups
- Firm raises $100 million seed fund to back young startups
- A $50 million fund will invest in portfolio companies
This article is for subscribers only.
SoftTech VC, a San Francisco-based backer of Fitbit Inc. and Postmates Inc., has raised $150 million for a pair of new venture funds to invest in technology startups.
A new $100 million fund will be used to make small investments in fledgling tech companies. SoftTech has also raised $50 million to make bigger bets on companies the firm had previously backed.