Posted on July 2017 | Blair Garrou

40 Austin startups raised $385.9 million in Q2

40 Austin startups raised $385.9 million in Q2, was published in Venture Beat and was written by Mary Ann Azevedo.

Blair Garrou, Partner at Mercury Fund, discusses the future of Houston’s startup scene.

Second quarter venture investment in Texas once again reflected a common trend: Austin nabbed the most amount of investment dollars while Dallas and Houston trailed (significantly) behind.

Venture capitalists pumped $385.9 million into Austin startups across 40 deals in the second quarter, according to Crunchbase data. Dallas companies raised $142.2 million in 16 deals in the same time period while Houston startups brought in $42.1 million across eight transactions. A lone investment was made in San Antonio during the second quarter, valued at $1.1 million.

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