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.