Austin's VC Ecosystem Tops $2 Billion in Value for Third Year Running
April 15, 2021
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.
Bridge Bank, a division of Western Alliance Bank, Member FDIC, helps business clients realize their ambitions. Founded in 2001 in Silicon Valley, Bridge Bank offers a better way to bank for small to mid-market businesses across many industries, as well as emerging technology companies and the private equity community. Geared to serving both venture-backed and non-venture-backed companies, Bridge Bank delivers a broad scope of financial solutions, including startup banking, capital, equipment and working capital credit facilities, venture debt, treasury management, asset-based lending, SBA and commercial real estate loans and a full line of international products and services. Based in San Jose, Bridge Bank has 16 offices in major markets across the country, along with Western Alliance Bank’s powerful array of specialized financial services. Western Alliance Bank is the primary subsidiary of Phoenix-based Western Alliance Bancorporation, with more than $50 billion in assets. Western Alliance is again #1 best-performing of the 50 largest public U.S. banks in the S&P Global Market Intelligence listing for 2020 and ranks high on the Forbes “Best Banks in America” list year after year.