The Ledger
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SoftTech VC Doubled Down on Fitbit's $9M Series A Across Two Funds
“After a couple of months of due diligence and reference checks and spending time with the team, they led a nine million dollar Series A that I we participated into, and we actually bought more shares of Fitbit from our other fund, Fund Three, which we had rais…”
SoftTech VC Reviews 3,000 Startup Pitches Annually to Make 15 Investments
“We get to see about 3000 or more companies per year, and we only invest in 15.”
Clavier: Hardware Startups Need $3M-$4M Seed Rounds Due to Longer Timelines
“Most of our companies will, you know, go out and raise a two million dollar seed round on average Unless, you know, they're a hardware company, in which case, they might go and raise a three to four million dollar listed round, because hardware is so hard and …”