“We are thrilled to have Andy join our firm to further deepen our expertise in the SaaS space,” said Jeff Clavier, Founding Managing Partner of SoftTech VC.
Palo Alto, CA (PRWEB) March 18, 2015
SoftTech VC, a leading early stage venture capital firm investing in B2B and B2C startups, has hired Andy McLoughlin as a Venture Partner. SoftTech VC Partner Charles Hudson will be transitioning to a part time role to prepare for the raise of his own fund focusing on the pre-seed investment market.
McLoughlin joins SoftTech VC from enterprise content collaboration company Huddle, which he co-founded in 2006. During his eight year tenure at Huddle, he led technology, product, marketing, and strategy in addition to establishing the London-based startup’s US presence. McLoughlin also began angel investing in 2010 and has a portfolio of over 35 pre-seed and seed stage investments, including Postmates, Secret Escapes, Apiary, Tray.io, Buffer, Intercom, and Pipedrive.
As a Venture Partner, McLoughlin will lead investments in startups and leverage his operating expertise in SaaS/B2B to help SoftTech VC founders with sales, marketing, product and scaling operations.
“I’m incredibly excited to join SoftTech, and start finding and supporting the next generation of category- leading technology businesses,” said McLoughlin. “SoftTech’s reputation and portfolio are second to none. I couldn’t think of a better firm to invest into early stage startups with.”
“We are thrilled to have Andy join our firm to further deepen our expertise in the SaaS space,” said Jeff Clavier, Founding Managing Partner of SoftTech VC. “As the non-CEO Founder, he has assumed a number of different roles contributing to the growth and success of Huddle. And he built a pretty kick-ass portfolio as an active angel investor who shares our values and delivers massive value add to his founders.”
Charles Hudson, who has been a Partner with SoftTech VC for the last five years, will be taking up a part-time role at the firm to prepare for the raise of his own fund focusing on the pre-seed market.
“I am proud to have brought Charles to SoftTech VC and of what we have accomplished as a team,” said Jeff Clavier, Founding Managing Partner of SoftTech VC. “His heart is clearly in pre-seed, and I look forward to seeing his own firm get off the ground and continue working together.”
SoftTech VC has invested in over 160 companies since its founding in 2004 and announced the closing of its fourth fund, the $85M SoftTech VC IV, 2014. In 2014, the SoftTech portfolio companies raised in aggregate $350 million in follow-on financing and achieved $1.2 billion dollars in exits. The firm's key sectors are Software As A Service (SaaS) – including mobile infrastructure and services, vertical SaaS and cloud infrastructure, B2C services and connected devices, and marketplaces.
About SoftTech VC:
SoftTech VC is one of the original micro VC firms, founded in 2004 and backing over 160 early stage startups. Based in Palo Alto and San Francisco, the firm manages three institutionally backed funds and invests in Silicon Valley, New York, Southern California, Boulder and Canada. SoftTech VC is among the most active investors in early stage B2B and consumer Internet startups, consistently investing in 15-20 new opportunities a year. We seek great entrepreneurs, building differentiated products in large markets. More information available at http://www.softtechvc.com or follow us on twitter @softtechvc.