Dealroom Deep Dive
Austin
The latest data and trends in Austin startups, venture capital, exits and innovation.
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
Sponsored by Opportunity Austin
Opportunity Austin is the economic development initiative of the Greater Austin Chamber of Commerce, fostering job creation and investment across the five-county Austin region.
Explore Opportunity Austin →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 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
| # | Investor | Type | Investments | Portfolio | HQ |
|---|---|---|---|---|---|
| 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 |
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
Saronic TechnologiesAustin, United States$2.6B - 2
X.Bastrop, United States$1.8B - 3
TricentisAustin, United States$1.5B - 4
Base PowerAustin, United States$1.3B - 5
ApptronikAustin, United States$950M - 6
The Boring CompanyBastrop, United States$908M - 7
ShmoodyAustin, United States$875M - 8
NinjaOneAustin, United States$762M - 9
WorkriseAustin, United States$722M - 10
ColossalAustin, United States$625M
Hottest (Dealroom Signal)
Ranked by Dealroom's growth indicator
- 1
Base PowerAustin, United States97 - 2
NinjaOneAustin, United States97 - 3
TeslaAustin, United States96 - 4
Aalo AtomicsAustin, United States96 - 5
AvrideAustin, United States96 - 6
HalcyonAustin, United States96 - 7
EqualPartsAustin, United States96 - 8
Mobia MedicalAustin, United States96 - 9
Allen Control SystemsAustin, United States95 - 10
Saronic TechnologiesAustin, United States95
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)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2026 | Saronic Technologies | $1.8B | SERIES D | Kleiner Perkins |
| Oct 2025 | Base Power | $1.0B | SERIES C | Addition VC |
| Feb 2026 | Apptronik | $520M | SERIES A | PEAK6, Alphabet | Google |
| Oct 2025 | Avride | $375M | EARLY VC | Uber, Nebius |
| May 2025 | Function Health | $298M | SERIES B | Redpoint |
| Feb 2026 | CesiumAstro | $270M | SERIES C | Trousdale Ventures |
| Mar 2026 | Findhelp | $250M | GROWTH EQUITY VC | TPG |
| Aug 2025 | Ontic Technologies | $230M | SERIES C | KKR |
| Feb 2026 | InKind | $225M | LATE VC | Magnetar |
| Jan 2026 | Noveon | $215M | SERIES C | OneIM |
| Apr 2025 | Base Power | $200M | SERIES B | Valor Equity Partners, Lightspeed Venture Partners |
| Sep 2025 | Bloom Nu | $160M | GROWTH EQUITY VC | Nutrabolt |
| Dec 2025 | Curative | $150M | SERIES B | Martin Varsavsky, Chris Anderson |
| Aug 2025 | Anaconda | $150M | SERIES C | Insight Partners |
| Sep 2025 | Harbor Health | $140M | EARLY VC | 8VC, Alta Partners |
Biggest Austin rounds · Full year 2025 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Oct 2025 | Base Power | $1.0B | SERIES C | Addition VC |
| Mar 2025 | X. | $1.0B | GROWTH EQUITY VC | Darsana Capital Partners, Elon Musk |
| Feb 2025 | Saronic Technologies | $600M | SERIES C | Elad Gil |
| Feb 2025 | NinjaOne | $500M | SERIES C | CapitalG, ICONIQ Growth |
| Mar 2025 | Apptronik | $415M | SERIES A | Capital Factory, B Capital |
| Oct 2025 | Avride | $375M | EARLY VC | Nebius, Uber |
| May 2025 | Function Health | $298M | SERIES B | Redpoint |
| Aug 2025 | Ontic Technologies | $230M | SERIES C | KKR |
| Apr 2025 | Base Power | $200M | SERIES B | Andreessen Horowitz, Lightspeed Venture Partners |
| Jan 2025 | Colossal | $200M | SERIES C | TWG Global |
| Sep 2025 | Bloom Nu | $160M | GROWTH EQUITY VC | Nutrabolt |
| Dec 2025 | Curative | $150M | SERIES B | Chris Anderson, DCVC |
| Aug 2025 | Anaconda | $150M | SERIES C | Insight Partners |
| Sep 2025 | Harbor Health | $140M | EARLY VC | 8VC, General Catalyst |
| Dec 2025 | Mythic | $125M | LATE VC | DCVC |
Biggest Austin rounds · Q1 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Mar 2026 | Saronic Technologies | $1.8B | SERIES D | Kleiner Perkins |
| Feb 2026 | Apptronik | $520M | SERIES A | Qatar Investment Authority, Alphabet | Google |
| Feb 2026 | CesiumAstro | $270M | SERIES C | Trousdale Ventures |
| Mar 2026 | Findhelp | $250M | GROWTH EQUITY VC | TPG |
| Feb 2026 | InKind | $225M | LATE VC | Magnetar |
| Jan 2026 | Noveon | $215M | SERIES C | OneIM |
| Jan 2026 | Neurophos | $110M | SERIES A | Gates Frontier |
| Jan 2026 | DealHub | $100M | GROWTH EQUITY VC | Riverwood Capital |
| Mar 2026 | Nominal | $80M | SERIES B | Founders Fund |
| Feb 2026 | Ares Interactive | $70M | SERIES A | General Catalyst |
| Jan 2026 | Accelsius | $65M | SERIES B | Johnson Controls |
| Jan 2026 | Gyde | $60M | EARLY VC | Lightspeed Venture Partners |
| Mar 2026 | Keynes | $40M | GROWTH EQUITY VC | Volition Capital |
| Feb 2026 | Ownwell | $30M | SERIES B | Alpha Edison, Mercato Partners |
| Feb 2026 | Circuit | $30M | ANGEL | Jim Breyer, Gary Rieschel |
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.
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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.
Austin startup IP & patents
The patent portfolio behind Austin startups: granted patent families, intensity per capita, and where the IP concentrates.
Want to go deeper?
Dealroom tracks Austin startups and the entire global startup economy in real time. Book a demo to explore the live data behind this guide and build your own views.
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University of Texas at Austin
Texas State University
St. Edward's University
Huston-Tillotson University