Dealroom Deep Dive

Austin

The latest data and trends in Austin startups, venture capital, exits and innovation.

Presented by Opportunity AustinOpportunity Austin
Raised in Q1 2026
$4.2B
VC funding · closed quarter
Raised in 2025
$8.1B
VC funding · full year 2025
Combined enterprise value
$2.1T
VC-backed Austin startups · founded 1990+
Unicorns
57
$1B+ valuation or exit

Annual venture capital

Funding into Austin startups has grown nearly tenfold over the past five years, reaching $8.1B in 2025. With $4.4B raised in the first 5 months of 2026, the full year is on track to land at $10.5B, a +29% change versus 2025. The chart below shows annual funding totals; the latest year is annualised from observed-to-date data and represents the renderer's projection, not a closed quarter.

Quarterly venture capital

Yearly totals mask the quarter-by-quarter rhythm. The chart below shows Austin startups funding raised in each of the last 21 complete quarters through Q1 2026. All bars are actual closed-quarter sums, no projections, no in-progress quarters.

Austin's share of Texas venture capital

Austin's share of Texas venture capital tracks how much of Texas's startup capital lands in this market. In 2016, Austin startups accounted for 34.4% of Texas VC funding; by 2026 the share had reached 69.6%. The chart below splits each year's total Texas VC funding into Austin on the bottom and the rest of the market on top.

Austin venture capital raised by stage

How capital deployed into Austin startups is split across round sizes. In the trailing four quarters, 76% of capital landed in scaleup ($100M+) rounds, 18% in breakout ($15–100M), and 6% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q1 2022 → Q1 2026.

Austin venture capital raised by stage, quarterly

Startup

Breakout

Scaleup

Most active investors in Austin

The most active investors in Austin startups ranked by the number of disclosed rounds they've participated in. Austin Ventures leads with 162 rounds, followed by Techstars at 98. The table shows the top ten with their firm type, in-scope round count, total portfolio size, and headquarters.

Most active Austin investors

#InvestorTypeInvestmentsPortfolioHQ
1 Venture capital 162 172 Austin, United States
2 Accelerator 98 2,274 New York City, United States
3 Accelerator 91 6,920 Mountain View, United States
4 Accelerator 46 1,919 Singapore, Singapore
5 Venture capital 39 984 San Francisco, United States
6 Venture capital 36 791 Manchester, United States
7 Venture capital 36 249 Palo Alto, United States
8 Venture capital 32 1,174 Menlo Park, United States
9 Venture capital 31 1,182 Menlo Park, United States
10 Venture capital 30 494 Boston, United States

See all investors in Dealroom

Source: Dealroom.co

Top companies

Two views of leadership in Austin startups: the most-funded companies all-time on the left, and the hottest companies right now by Dealroom Signal on the right. Total-funding figures include all capital sources tracked by Dealroom (VC plus grants, project finance, and other instruments). Signal is Dealroom's live growth ranking, these are the firms with the strongest recent momentum across team, timing, growth, and completeness.

Top funded

All-time total funding (includes non-VC sources)

  1. 1Saronic TechnologiesAustin, United States$2.6B
  2. 2X.Bastrop, United States$1.8B
  3. 3TricentisAustin, United States$1.5B
  4. 4Base PowerAustin, United States$1.3B
  5. 5ApptronikAustin, United States$950M
  6. 6The Boring CompanyBastrop, United States$908M
  7. 7ShmoodyAustin, United States$875M
  8. 8NinjaOneAustin, United States$762M
  9. 9WorkriseAustin, United States$722M
  10. 10ColossalAustin, United States$625M
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1Base PowerAustin, United States97
  2. 2NinjaOneAustin, United States97
  3. 3TeslaAustin, United States96
  4. 4Aalo AtomicsAustin, United States96
  5. 5AvrideAustin, United States96
  6. 6HalcyonAustin, United States96
  7. 7EqualPartsAustin, United States96
  8. 8Mobia MedicalAustin, United States96
  9. 9Allen Control SystemsAustin, United States95
  10. 10Saronic TechnologiesAustin, United States95
See all in Dealroom

Source: Dealroom.co

Notable rounds

Over the last 12 months (through Jun 2026), the largest VC rounds in Austin startups reveal where capital is consolidating. The table below lists the 15 biggest disclosed rounds by amount, with date, company, round type, and lead investors. Funding events without a public amount are excluded; acquisitions sit in the Unicorns & Exits section.

Biggest Austin rounds · Last 12 months to end of Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Mar 2026Saronic Technologies$1.8BSERIES DKleiner Perkins
Oct 2025Base Power$1.0BSERIES CAddition VC
Feb 2026Apptronik$520MSERIES APEAK6, Alphabet | Google
Oct 2025Avride$375MEARLY VCUber, Nebius
May 2025Function Health$298MSERIES BRedpoint
Feb 2026CesiumAstro$270MSERIES CTrousdale Ventures
Mar 2026Findhelp$250MGROWTH EQUITY VCTPG
Aug 2025Ontic Technologies$230MSERIES CKKR
Feb 2026InKind$225MLATE VCMagnetar
Jan 2026Noveon$215MSERIES COneIM
Apr 2025Base Power$200MSERIES BValor Equity Partners, Lightspeed Venture Partners
Sep 2025Bloom Nu$160MGROWTH EQUITY VCNutrabolt
Dec 2025Curative$150MSERIES BMartin Varsavsky, Chris Anderson
Aug 2025Anaconda$150MSERIES CInsight Partners
Sep 2025Harbor Health$140MEARLY VC8VC, Alta Partners
See every round in Dealroom

Biggest Austin rounds · Full year 2025 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Oct 2025Base Power$1.0BSERIES CAddition VC
Mar 2025X.$1.0BGROWTH EQUITY VCDarsana Capital Partners, Elon Musk
Feb 2025Saronic Technologies$600MSERIES CElad Gil
Feb 2025NinjaOne$500MSERIES CCapitalG, ICONIQ Growth
Mar 2025Apptronik$415MSERIES ACapital Factory, B Capital
Oct 2025Avride$375MEARLY VCNebius, Uber
May 2025Function Health$298MSERIES BRedpoint
Aug 2025Ontic Technologies$230MSERIES CKKR
Apr 2025Base Power$200MSERIES BAndreessen Horowitz, Lightspeed Venture Partners
Jan 2025Colossal$200MSERIES CTWG Global
Sep 2025Bloom Nu$160MGROWTH EQUITY VCNutrabolt
Dec 2025Curative$150MSERIES BChris Anderson, DCVC
Aug 2025Anaconda$150MSERIES CInsight Partners
Sep 2025Harbor Health$140MEARLY VC8VC, General Catalyst
Dec 2025Mythic$125MLATE VCDCVC
See every round in Dealroom

Biggest Austin rounds · Q1 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Mar 2026Saronic Technologies$1.8BSERIES DKleiner Perkins
Feb 2026Apptronik$520MSERIES AQatar Investment Authority, Alphabet | Google
Feb 2026CesiumAstro$270MSERIES CTrousdale Ventures
Mar 2026Findhelp$250MGROWTH EQUITY VCTPG
Feb 2026InKind$225MLATE VCMagnetar
Jan 2026Noveon$215MSERIES COneIM
Jan 2026Neurophos$110MSERIES AGates Frontier
Jan 2026DealHub$100MGROWTH EQUITY VCRiverwood Capital
Mar 2026Nominal$80MSERIES BFounders Fund
Feb 2026Ares Interactive$70MSERIES AGeneral Catalyst
Jan 2026Accelsius$65MSERIES BJohnson Controls
Jan 2026Gyde$60MEARLY VCLightspeed Venture Partners
Mar 2026Keynes$40MGROWTH EQUITY VCVolition Capital
Feb 2026Ownwell$30MSERIES BAlpha Edison, Mercato Partners
Feb 2026Circuit$30MANGELJim Breyer, Gary Rieschel
See every round in Dealroom

Source: Dealroom.co · Updated 18 Jun 2026

Leading industries

Which industries pull in the most venture capital across Austin startups, and where does the Austin punch above its weight versus the rest of the world? Use the toggle to switch between absolute VC funding and each industry's over/under-index, and to change the time window. Over the last 12 months (to end of Q1 2026), AI leads at $4.3B, and the Austin over-indexes in Transportation, Energy, Food, and under-indexes most in Fashion, AI, Semiconductors relative to the rest of the world. Industries are tracked through Dealroom's industry tags, which overlap, a company spanning, say, AI and fintech is counted in both, so these show where capital concentrates, not a mutually exclusive split of the total.

Unicorns & exits

Austin startups have minted 57 unicorns to date. Dealroom defines a unicorn as a company that has reached a $1B+ valuation or exit (verified and manually reviewed; other lists use different criteria, this is ours). Of those, 7 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 44 thoroughbreds: companies generating $100M+ in revenue (a separate lens from unicorns, with some overlap). The chart below shows the cumulative count climbing each year, with the line tracking new unicorns minted in that year, peaking at 11 in 2021. On exits, the sector has produced 405 tracked acquisitions since 2010 representing $195.9B in disclosed value. Notable acquisitions in the data include X. ($45.0B, 2025), followed by X. ($44.0B, 2022), Dell ($24.9B, 2013).

The Austin startup funnel

Entrepreneurship is a power law. Of every Austin startup founded, only a fraction attract venture capital, and far fewer climb each successive funding level. This funnel traces VC-backed Austin startups from first cheque through to the rarest valuation outcomes. Mouth figures are annual means (2010–2024); pool stages count VC-backed companies founded since 1990 by total funding.

Loading funnel…

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Pool of VC-Backed Startups
$100K+ total funding

The Austin academic flywheel

Austin's universities are an engine room of the startup economy: the schools whose alumni found the most unicorns and venture-backed companies, and the research that spins out into them.

Universities by alumni-founded unicorns

UniversityAlumni unicornsAlumni EV
University of Texas at Austin000$0.0T
Texas State University000$0.0T
St. Edward's University000$0.0T
Huston-Tillotson University000$0.0T

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Austin startup IP & patents

The patent portfolio behind Austin startups: granted patent families, intensity per capita, and where the IP concentrates.

Patent families by Austin startup hub

HubPatent families
Austin00,000
Round Rock00,000
Cedar Park00,000
Georgetown00,000

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Nina Chaloum
Curated byNina ChaloumEcosystems Research Lead, Dealroom

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