Austin's VC Ecosystem Tops $2 Billion in Value for Third Year Running
Although volume dipped 10.5% year-over-year in 2020, the Austin VC ecosystem still secured a record $2.3 billion in aggregate value thanks in no small part to its resillient enterprise tech sector.
In this installment of Bridge Bank's Markets to Watch series, the key top-level trends that defined VC dealmaking in Austin last year are situated within the developments in fundraising activity and financing events that took shape over the past decade. Also, learn more about the analysis of Austin's banner year for exit value creation.
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Bridge Bank, a division of Western Alliance Bank, Member FDIC, delivers relationship banking that puts clients at the center of everything. Founded in 2001 in Silicon Valley, Bridge Bank offers a full spectrum of tailored commercial banking solutions, as well as specialized expertise focused on life sciences and technology and innovation companies, at every stage in their life cycle, through its offices in major tech hubs across the country. Bridge Bank also serves the private equity and venture capital communities and provides business escrow services. Bridge Bank is part of Western Alliance Bancorporation, which has more than $70 billion in assets. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director. As a regional bank with significant national capabilities, Bridge Bank delivers the reach, resources and local market expertise that make a difference for customers.
