A pair of seed investors – SoftTech VC and 500 Startups – have set out to raise new funds.
In a filing with the Securities and Exchange Commission, SoftTech VC said it would raise $85 million for a fourth fund. An initial sale has yet to occur, according to the filing. The firm, founded by Jeff Clavier, raised a $55 million third fund in January 2012.
Dave McClure’s 500 Startups filed with the SEC to raise a $100 million third fund and has yet to make an initial sale. The firm closed a $44.1 million second fund in October.