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History
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The firm was founded in 2004 by angel investor Jeff Clavier when he transitioned his portfolio into a formal venture firm.[2] Partners include Andy McLoughlin (formerly of Huddle ), Susan Liu (formerly of Scale Venture Partners ), Tripp Jones (formerly of August Capital ),[3] and Amy Saper (formerly of Accel).[4] As of 2024, the firm had invested in over 260 early stage start-ups.[5]
In 2017, the firm changed its name from SoftTech VC to Uncork Capital.[6]
Investments
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The firm primarily invests in SaaS (software as a service) , marketplaces, consumer services and "frontier technology" ventures.[7] With a focus on seed-stage funding, the firm generally aims to secure between 8-12+% ownership of the companies it invests in.[8] [9]
The firm's first fund raised less than $1 million,[10] while the second fund raised $15 million in 2007.
In 2012, Fund III oversubscribed at $55 million,[11] and, in 2014, they closed their fourth fund at $85 million, bringing their capital under management to $155 million.[12] [13]
In 2016, the firm raised $100 million for SoftTechVC V and $50 million for a breakout fund.[9] In 2019, the firm raised $100M for Uncork VI and $100M for their second breakout find, Plus II.[14]
In 2023, the firm raised $200M for Uncork VII and $200M for their third breakout fund, Plus III.[15]
Notable investments have included: Eventbrite , Fitbit , Postmates , SendGrid , Survata , Gnip , BrightRoll , Vidyard , LiveRamp ,[16] [9] about.me ,[citation needed ] August Home ,[citation needed ] Bitly ,[citation needed ] Bleacher Report ,[citation needed ] Blekko ,[citation needed ] Chariot ,[citation needed ] Curse LLC ,[citation needed ] Gnip ,[citation needed ] Handshake ,[citation needed ] Kongregate ,[citation needed ] Mint.com ,[17] and Next Big Sound .[citation needed ]
References
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^ Konrad, Alex. "Seed-Stage VC Firm Uncork Capital Taps Under 30 Alum Susan Liu And Veteran Investor Tripp Jones As Partners" . Forbes . Retrieved 2022-01-13 .
^ Cai, Kenrick. "Seed VC Firm Uncork Hires Accel Partner Amy Saper As Fifth Partner" . Forbes . Retrieved 2024-01-30 .
^ Volpicelli, Anna (1 August 2014). "The 20 Hottest Bay Area Fintech Investors and 20 Bay Area Fintech Startups To Keep Your Eye On" . Huffington Post . Retrieved 6 May 2018 .
^ "SoftTech VC rebrands as Uncork Capital" . Pitchbook . 8 November 2017. Retrieved 6 May 2018 .
^ "Uncork Capital - About" . Uncork Capital . Retrieved 2022-01-13 .
^ Garland, Russ (27 June 2014). "SoftTech VC Boosts Its Reserves With $85 Million Fourth Fund" . Wall Street Journal . Retrieved 11 June 2018 .
^ a b c Loizos, Connie (8 June 2016). "SoftTech VC goes big, raising $150 million across two new funds" . TechCrunch . Retrieved 11 June 2018 .
^ Taylor, Colleen (26 January 2012). "How Jeff Clavier will spend SoftTech's biggest VC fund yet" . GigaOM .
^ Geron, Tomio (26 January 2012). "SoftTech VC Closes Oversubscribed $55 Million Third Fund" . Forbes .
^ Volpicelli, Anna (1 August 2014). "Meet The Bay Area's Top Female Venture Capitalists" . 7x7 . Retrieved 6 May 2018 .
^ "The Daily Startup: SoftTech VC Aims at $75M for Fund IV" . Wall Street Journal . 12 July 2013.
^ Clavier, Jeff (2019-08-19). "Uncork raises $200M to support the next generation of seed-stage startups" . Uncork Capital . Retrieved 2022-01-13 .
^ McLoughlin, Andy (2023-06-27). "Uncork Raises $400M to Invest in and Support Seed-Stage Startups From Inception Through Growth" . Uncork Capital . Retrieved 2024-01-30 .
^ "Survata Announces $6 Million in Series A Funding | Survata Blog" . www.survata.com . Retrieved 2015-07-20 .
^ "The Midas List: Top Tech Investors, Jeff Clavier" . Forbes . Forbes. 2023. Retrieved 2024-01-04 .
External links
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R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Uncork_Capital&oldid=1201944987 "
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