While much of the nation is seeing declines in venture capital investment, the Austin market saw a big jump in the second quarter.
Austin-area companies raised $239.3 million for the three months ended June 30, 2016 – nearly double the $123.3 million raised in the second quarter of 2015, according to a recent Dow Jones VentureSource report. Nationally, venture capital investment was down nearly 20 percent for the same three-month period to $15.7 billion.
Despite the good quarter, Austin has not been immune to the slowdown in tech investment. Venture funding in the Texas capital declined about 10 percent to $390.1 million in the first half of the year, compared to the first six months of 2015.Posted July 2016 by Aziz Gilani | Midwest, Texas