VC firm LiveOak raising investment fund

Dec 13, 2013
Austin Business Journal

LiveOak Venture Partners LP reported Thursday raising $64.3 million of a planned $100 million fund


The Austin-based venture capital firm collected the capital from 40 investors, according to a Thursday filing with the U.S. Securities and Exchange Commission


LiveOak, which was founded in in 2012, was launched by three former Austin Ventures LP investors. At LiveOak, they're focusing on early-stage technology financings while Austin Ventures makes more growth equity deals involving less risky roll-up investments


LiveOak’s three general partners are Venu Shamapant, Krishna Srinivasan and Ben Scott. Portfolio companies include asset monitoring company Veros Systems Inc., Written.com Inc. and StepOne Inc., according to the firm's website


In September, West Lake Hills-based Veros Systems completed an $8 million Series A round of funding. The company, which was founded in College Station in 2001, develops software that monitors electric motors and driven assets to detect faults


In November, Austin-based Written.com raised a $1 million seed funding from a syndicate of investors. StepOne, which is based in San Francisco, provides a service designed to enable Spanish technology companies with entry into the American market


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