Austin

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

Presented by Opportunity AustinOpportunity Austin
Raised in Q3 2026
$5.6B
VC funding · closed quarter
Raised in 2026 Q1-3
$10.7B
VC funding · year to date
Combined enterprise value
$2.2T
VC-backed Austin startups · founded 1990+
Unicorns
61
$1B+ valuation or exit

Annual venture capital

Funding into Austin startups has grown nearly tenfold over the past five years, reaching $7.8B in 2025. With $10.7B raised in the first 9 months of 2026, the full year is on track to land at $14.2B, a +84% 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 Q3 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 38.3% of Texas VC funding; by 2026 the share had reached 76.0%. 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, 85% of capital landed in scaleup ($100M+) rounds, 11% in breakout ($15–100M), and 4% across startups (under $15M). Each panel below stacks the canonical sub-bands across Q3 2022 → Q3 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 VC rounds they've participated in. Austin Ventures leads with 159 rounds, followed by Capital Factory at 142. The table shows the top ten with their firm type, the rounds they've joined and the companies they've backed here (follow-on rounds make the first larger), and headquarters.

Most active Austin investors

#InvestorTypeAustin roundsAustin companiesHQ
1 Venture capital 159 73 Austin, United States
2 Venture capital 142 113 Austin, United States
3 Venture capital 142 66 Austin, United States
4 Accelerator 129 87 San Francisco, United States
5 Accelerator 114 89 New York City, United States
6 Venture capital 91 52 Austin, United States
7 Venture capital 65 37 Austin, United States
8 Venture capital 65 39 Austin, United States
9 Accelerator 50 40 Singapore, Singapore
10 Venture capital 45 27 Austin, 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. 1The Boring CompanyBastrop, United States$3.9B
  2. 2Saronic TechnologiesAustin, United States$2.6B
  3. 3Base PowerAustin, United States$2.3B
  4. 4X.Bastrop, United States$1.8B
  5. 5T1 EnergyAustin, United States$1000M
  6. 6ApptronikAustin, United States$950M
  7. 7Function HealthAustin, United States$804M
  8. 8NinjaOneAustin, United States$762M
  9. 9Firefly AerospaceCedar Park, United States$751M
  10. 10RigUpAustin, United States$722M
See all in Dealroom

Hottest (Dealroom Signal)

Ranked by Dealroom's growth indicator

  1. 1Base PowerAustin, United States97
  2. 2NinjaOneAustin, United States96
  3. 3AvrideAustin, United States96
  4. 4Aalo AtomicsAustin, United States96
  5. 5Allen Control SystemsAustin, United States96
  6. 6ApptronikAustin, United States95
  7. 7EqualPartsAustin, United States95
  8. 8Saronic TechnologiesAustin, United States95
  9. 9NominalAustin, United States95
  10. 10Fab2Austin, United States95
See all in Dealroom

Source: Dealroom.co

Notable rounds

In 2026 Q1-3 (year to date), the largest VC rounds in Austin startups reveal where capital is consolidating. The table below lists the 15 biggest rounds by amount, with date, company, round type, and lead investors; rounds without a public amount sit at the bottom with the amount left blank. Exits sit in the Unicorns & Exits section.

Biggest Austin rounds · Last 12 months to end of Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026The Boring Company$3.0BSERIES DUnited Arab Emirates Government
Mar 2026Saronic Technologies$1.8BSERIES DKleiner Perkins
Aug 2026Base Power$1.0BSERIES DRibbit Capital
Oct 2025Base Power$1.0BSERIES CAddition VC
Feb 2026Apptronik$520MSERIES AAlphabet | Google, AT&T Ventures
Sep 2026Fab2$500MSERIES AFundomo
Jul 2026Function Health$450MGROWTH EQUITY VCGeneral Catalyst
Oct 2025Avride$375MEARLY VCNebius, Uber
Jun 2026Ollin Biosciences$330MSERIES BARCH Venture Partners, TCGX
Feb 2026CesiumAstro$270MSERIES CTrousdale Ventures
Mar 2026Findhelp$250MGROWTH EQUITY VCTPG
Feb 2026InKind$225MLATE VCMagnetar
Jan 2026Noveon$215MSERIES COneIM
Jun 2026Allen Control Systems$200MSERIES BSmash Capital
Dec 2025Curative$150MSERIES BChris Anderson
See every round in Dealroom

Biggest Austin rounds · 2026 Q1-3 (year to date) (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026The Boring Company$3.0BSERIES DUnited Arab Emirates Government
Mar 2026Saronic Technologies$1.8BSERIES DKleiner Perkins
Aug 2026Base Power$1.0BSERIES DRibbit Capital
Feb 2026Apptronik$520MSERIES AAlphabet | Google, AT&T Ventures
Sep 2026Fab2$500MSERIES AFundomo
Jul 2026Function Health$450MGROWTH EQUITY VCGeneral Catalyst
Jun 2026Ollin Biosciences$330MSERIES BARCH Venture Partners, TCGX
Feb 2026CesiumAstro$270MSERIES CTrousdale Ventures
Mar 2026Findhelp$250MGROWTH EQUITY VCTPG
Feb 2026InKind$225MLATE VCMagnetar
Jan 2026Noveon$215MSERIES COneIM
Jun 2026Allen Control Systems$200MSERIES BSmash Capital
Jul 2026TerraFirma$115MSERIES AKleiner Perkins
Jan 2026Neurophos$110MSERIES AGates Frontier
Sep 2026HiddenLayer$100MSERIES BDelta-v Capital
See every round in Dealroom

Biggest Austin rounds · Q3 2026 (Top 15 rounds)

DateCompanyAmountRoundLead investors
Sep 2026The Boring Company$3.0BSERIES DUnited Arab Emirates Government
Aug 2026Base Power$1.0BSERIES DRibbit Capital
Sep 2026Fab2$500MSERIES AFundomo
Jul 2026Function Health$450MGROWTH EQUITY VCGeneral Catalyst
Jul 2026TerraFirma$115MSERIES AKleiner Perkins
Sep 2026HiddenLayer$100MSERIES BDelta-v Capital
Aug 2026Happy Health$75MSERIES AARCH Venture Partners, OpenLoop
Sep 2026Light Energy$46MSERIES AMatrix
Sep 2026Tiny Health$33MSERIES BB Capital
Aug 2026Breedr$27MSERIES BPartech
Jul 2026FluxCo$26MEARLY VC8VC, Congruent Ventures
Aug 2026Arintra$25MSERIES BDefine Ventures
Aug 2026ClearJet$25MSERIES BEdison Partners
Aug 2026Astromech$20MEARLY VCRobert Nelsen
Aug 2026Agentrys$19MSEEDEtna Labs
See every round in Dealroom

Source: Dealroom.co · Updated 12 Oct 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. In 2026 Q1-3 (year to date), Transportation leads at $4.8B, and the Austin over-indexes only in Transportation (45% of Austin venture capital versus 6% across the rest of the world, 7.79×), and under-indexes most in AI, Space, Security 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 61 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, 8 are decacorns, companies at a $10B+ valuation. The ecosystem also counts 45 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 231 tracked exits since 2019 representing $192.5B in disclosed value. Notable exits in the data include X. ($45.0B, 2025), followed by X. ($44.0B, 2022), SailPoint Technologies ($12.6B, 2025).

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

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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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