Austin venture capital investment rises sharply during Q2, report says

Jul 17, 2014
Austin Business Journal

The amount of investment in venture-backed Austin-area companies increased more than 78 percent during the second quarter


Local startups collected $175 million from investors compared with $98.1 million during the same quarter last year. At the mid-year point, Austin-area companies received $393.5 million versus $179.9 million during the first six months of 2013, according to a report by Dow Jones VentureSource


Central Texas startups generated 26 funding rounds during the second quarter compared with 24 rounds during the same period last year


The largest financings included $29 million by tech-based rifle maker TrackingPoint Inc., $12.5 million by carbon-capture developer Skyonic Corp., and $11.2 million by semiconductor chip maker MTPV Power Corp


Business and financial services was the industry group that collected the largest share of investment capital during the quarter at $62.1 million, followed by industrial goods and materials, which attracted $41.5 million, Dow Jones reported


Austin-based venture capital firm Silverton Partners was the most active investor in local companies, completing three deals during the quarter


Nationally, VC-backed companies received $13.8 billion during the quarter compared with $8.6 billion during the same period last year — a 60 percent increase, Dow Jones reported



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