trending Market Intelligence /marketintelligence/en/news-insights/trending/RegoDsYVhz6GK-rp1hzkEg2 content esgSubNav
In This List

Uncork Capital obtains $200M across 2 investment vehicles

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Uncork Capital obtains $200M across 2 investment vehicles

Venture capital firm Uncork Capital, formerly known as SoftTech VC, raised $100 million for its sixth early-stage fund and $100 million for an opportunity fund, TechCrunch reported, citing an interview with founder Jeff Clavier.

The firm, which is writing checks of $750,000 to $2 million, will use the latest funds to invest in approximately 35 companies across three years, with a view to acquiring 10% ownership on average, and up to 12% of a portfolio company when it is the lead investor, Clavier said.

Half of the funds will be allocated to startups that sell cloud software to businesses, he added. About 10% of the funds will be focused on the consumer sector, roughly 10% in hardware, approximately 10% in marketplaces, and 20% in so-called frontier technology, the report noted.