SoftTech VC has closed its fourth fund with $85 million of capital commitments. The firm's predecessor fund, a vehicle that has recorded an RVPI of 1.49x as of December 31, 2013, closed at $55 million in 2012. Through a blog post, SoftTech founder Jeff Clavier noted that the rather significant increase in size from the last fund to the new one was due to the increase in the median size of Series A financings over the past year. With this in mind, the firm increased its fund target to allow for a larger follow-on budget. The new fund will continue to follow SoftTech's strategy of investing in SaaS-based mobile infrastructure and services, B2C services and connected devices, and marketplaces, among others.