Is Austin finally on the radar of East and West Coast venture capitalists?
A new survey suggests the answer is yes.
At least 24 Austin startups raised rounds of $10 million or more in 2017, according to a MoneyTree report by PricewaterhouseCoopers and CB Insights. Much of it came in funding rounds led by outside investment firms.
“The problem in the past was that our average deal sizes were really small compared to other markets,” said David Altounian, an assistant professor of entrepreneurship at St. Edward’s University. “What you’re seeing now is not just companies getting funded, but in much higher amounts, and that’s exciting.”
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