| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 2004; 21 years ago (2004) |
| Headquarters | , |
Key people | Jeff Clavier, Founder and Managing Partner Andy McLoughlin, Managing Partner |
| Products | Investments |
| Website | uncorkcapital |
Uncork Capital (formerly known as SoftTech VC) is an Americanventure capital firm based in San Francisco, California, that was founded by Jeff Clavier. In 2016, it was considered one of the most active establishedseed funds inSilicon Valley, with investments in companies such asPostmates,Eventbrite,Fitbit, andSendGrid.[1]
The firm was founded in 2004 byangel investor Jeff Clavier when he transitioned his portfolio into a formal venture firm.[2] Partners include Andy McLoughlin (formerly ofHuddle), Susan Liu (formerly ofScale Venture Partners), Tripp Jones (formerly ofAugust 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]
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The firm primarily invests inSaaS (software as a service), marketplaces, consumer services and "frontier technology" ventures.[7] With a focus onseed-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]
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