Austin
The latest data and trends in Austin startups, venture capital, exits and innovation.
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
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 $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 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
| # | Investor | Type | Austin rounds | Austin companies | HQ |
|---|---|---|---|---|---|
| 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 |
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
The Boring CompanyBastrop, United States$3.9B - 2
Saronic TechnologiesAustin, United States$2.6B - 3
Base PowerAustin, United States$2.3B - 4
X.Bastrop, United States$1.8B - 5
T1 EnergyAustin, United States$1000M - 6
ApptronikAustin, United States$950M - 7
Function HealthAustin, United States$804M - 8
NinjaOneAustin, United States$762M - 9
Firefly AerospaceCedar Park, United States$751M - 10
RigUpAustin, United States$722M
Hottest (Dealroom Signal)
Ranked by Dealroom's growth indicator
- 1
Base PowerAustin, United States97 - 2
NinjaOneAustin, United States96 - 3
AvrideAustin, United States96 - 4
Aalo AtomicsAustin, United States96 - 5
Allen Control SystemsAustin, United States96 - 6
ApptronikAustin, United States95 - 7
EqualPartsAustin, United States95 - 8
Saronic TechnologiesAustin, United States95 - 9
NominalAustin, United States95 - 10
Fab2Austin, United States95
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)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Sep 2026 | The Boring Company | $3.0B | SERIES D | United Arab Emirates Government |
| Mar 2026 | Saronic Technologies | $1.8B | SERIES D | Kleiner Perkins |
| Aug 2026 | Base Power | $1.0B | SERIES D | Ribbit Capital |
| Oct 2025 | Base Power | $1.0B | SERIES C | Addition VC |
| Feb 2026 | Apptronik | $520M | SERIES A | Alphabet | Google, AT&T Ventures |
| Sep 2026 | Fab2 | $500M | SERIES A | Fundomo |
| Jul 2026 | Function Health | $450M | GROWTH EQUITY VC | General Catalyst |
| Oct 2025 | Avride | $375M | EARLY VC | Nebius, Uber |
| Jun 2026 | Ollin Biosciences | $330M | SERIES B | ARCH Venture Partners, TCGX |
| 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 |
| Jun 2026 | Allen Control Systems | $200M | SERIES B | Smash Capital |
| Dec 2025 | Curative | $150M | SERIES B | Chris Anderson |
Biggest Austin rounds · 2026 Q1-3 (year to date) (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Sep 2026 | The Boring Company | $3.0B | SERIES D | United Arab Emirates Government |
| Mar 2026 | Saronic Technologies | $1.8B | SERIES D | Kleiner Perkins |
| Aug 2026 | Base Power | $1.0B | SERIES D | Ribbit Capital |
| Feb 2026 | Apptronik | $520M | SERIES A | Alphabet | Google, AT&T Ventures |
| Sep 2026 | Fab2 | $500M | SERIES A | Fundomo |
| Jul 2026 | Function Health | $450M | GROWTH EQUITY VC | General Catalyst |
| Jun 2026 | Ollin Biosciences | $330M | SERIES B | ARCH Venture Partners, TCGX |
| 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 |
| Jun 2026 | Allen Control Systems | $200M | SERIES B | Smash Capital |
| Jul 2026 | TerraFirma | $115M | SERIES A | Kleiner Perkins |
| Jan 2026 | Neurophos | $110M | SERIES A | Gates Frontier |
| Sep 2026 | HiddenLayer | $100M | SERIES B | Delta-v Capital |
Biggest Austin rounds · Q3 2026 (Top 15 rounds)
| Date | Company | Amount | Round | Lead investors |
|---|---|---|---|---|
| Sep 2026 | The Boring Company | $3.0B | SERIES D | United Arab Emirates Government |
| Aug 2026 | Base Power | $1.0B | SERIES D | Ribbit Capital |
| Sep 2026 | Fab2 | $500M | SERIES A | Fundomo |
| Jul 2026 | Function Health | $450M | GROWTH EQUITY VC | General Catalyst |
| Jul 2026 | TerraFirma | $115M | SERIES A | Kleiner Perkins |
| Sep 2026 | HiddenLayer | $100M | SERIES B | Delta-v Capital |
| Aug 2026 | Happy Health | $75M | SERIES A | ARCH Venture Partners, OpenLoop |
| Sep 2026 | Light Energy | $46M | SERIES A | Matrix |
| Sep 2026 | Tiny Health | $33M | SERIES B | B Capital |
| Aug 2026 | Breedr | $27M | SERIES B | Partech |
| Jul 2026 | FluxCo | $26M | EARLY VC | 8VC, Congruent Ventures |
| Aug 2026 | Arintra | $25M | SERIES B | Define Ventures |
| Aug 2026 | ClearJet | $25M | SERIES B | Edison Partners |
| Aug 2026 | Astromech | $20M | EARLY VC | Robert Nelsen |
| Aug 2026 | Agentrys | $19M | SEED | Etna Labs |
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.
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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?
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University of Texas at Austin
Texas State University
St. Edward's University
Huston-Tillotson University