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Prototype Manufacturer Tempo Automation Gets $8M Series A to Upgrade Factory

Tempo Automation was started to provide the fastest and most seamless development tools for electrical engineers. The company has introduced a new software-driven process for low volume electronic manufacturing, which resulted in electrical engineers receiving fully assembled and tested boards in 3 days, at the click of a button.

Sapho, Maker of Single-Purpose Enterprise ‘micro apps’, Raises $9.5M

Sapho — which builds what it refers to as “micro apps” for older software that does not already offer notifications whenever data is updated or projects are completed — has raised $9.5 million in a Series A round of funding after signing up a trove of customers while still in stealth, including CBS Interactive, Google, RPX Corporation and Turner.

SoftTech VC Closes $150M Across Two New Funds

We've closed two new funds, SoftTech VC V, a $100 million seed stage venture capital fund, and SoftTech VC Plus, a $50M opportunity fund. Fund V will continue our strategy of investing in approximately 40 seed stage startups over three years. The Plus Fund will focus on select growth stage opportunities across previous SoftTech VC funds.

Front Raises a $10 million Series A Round

Front’s mission is refreshingly simple: make it simpler for organizations to manage emails that are directed at groups of people, such as the customer support or marketing teams, rather than individuals. Front’s application reinvents the way an inbox is organized, so everyone assigned to a team can see related message threads even if they’re not carbon-copied explicitly.

This Molekule Air Filter is Obsessed With Destroying Pollutants

Molekule has a new technology called PECO, which uses UV-A wavelength LED lights to simulate solar light. The filter takes things like bacteria, allergens, mold, chemicals, and viruses; breaks them down into elements that aren’t harmful; then releases these elements back into the air. Molekule has raised $3.75 million led by SoftTech VC, Crosslink Capital, and CSC Upshot.

Ex-­Googlers Raise $2.5 Million for Pattern, a Friendly “Workspace” for Salespeople

Pattern, a year-old, Redwood City, Ca.- based startup, wants to become a kind of external brain that lightens the load of managing customer relationships for salespeople. Felicis Ventures, SoftTech VC, and First Round Capital have just furnished the company with $2.5 million in seed funding toward that end, too.

6SensorLabs Raises a $9.2 million Series A to Expand Its Line of Food Allergy Testers

6SensorLabs, now operating under the consumer-facing Nima brand, announced a 9.2 Million Series A to expand beyond just gluten testing. Nima plans on using the influx of cash to accelerate the development and release of sensors that will detect peanuts and milk, allowing consumers to test food for hidden ingredients that the user could be allergic too.

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From Our Blog

SoftTech VC Closes $150M Across Two New Funds

Early in January 2016, I was thrilled to announce Stephanie Palmeri and Andy McLoughlin becoming Partners! At that time, we filed SEC Form Ds disclosing the creation of two new funds – SoftTech VC V and SoftTech Plus. We’re delighted to announce that both funds have closed at their hard cap, respectively $100M and $50M –  great news as we celebrate our 12-year anniversary. Most importantly, we are beyond excited by the myriad of new, radical innovations we see coming from early stage entrepreneurs and the opportunity we have to help them realize their vision with our active support and capital.

To share a bit of background: we invest our funds on a 3-year investment cycle and will be wrapping up Fund IV (that held a final close a couple of years ago) as planned sometime in Q316. Why raise a fund when we had plenty of dry powder in Fund IV? When we discussed our fund raising plans with … Read more »

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