Texas Had 150 VC backed Deals Worth $1.3 Billion in 2013

Texas reported 150 venture capital backed deals worth $1.3 billion in 2013, according to a report by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters. The number of deals in Texas fell nearly 9 percent from 163 but increased 37 percent in the dollars invested from $948.8 million in 2013. […]

Main Street Hub Lands $14 Million in Venture Capital

Main Street Hub announced today that it has closed on $14 million in venture capital led by Bessemer Venture Partners. The Austin-based company manages social media communications for small to medium-sized businesses in the U.S., Canada, U.K., Ireland and Hong Kong. Main Street Hub plans to use the funding to further develop its products and […]

Billionaire Mark Cuban likes to “Party Like a Rock Star” and Invest in Startups

By LAURA LOREK Founder of Silicon Hills News Since selling Broadcast.com to Yahoo for $5.7 billion in 1999, Billionaire Mark Cuban has invested in 80 startups. But his entrepreneurial ventures began as a kid growing up in Pittsburgh. “As long as I can remember I was an entrepreneur,” Cuban said. At the age of nine […]

Gravitant Raises $10 Million in Venture Funding

Gravitant, which makes software for companies to manage their cloud services, announced Wednesday that it has received $10 million in Series B funding. Corsa Ventures led the round and was joined by existing investor S3 Ventures. The Austin-based company plans to use the money to expand its sales and marketing, to fulfill customer orders and […]

VCs and Founders Give Advice on Funding a Startup

By LAURA LOREK Founder of Silicon Hills News Funded companies, which are performing well, get nice offices and free lunches for their employees, said Mike Dodd, partner with Austin Ventures. Mass Relevance is one of its portfolio companies performing quite well. And on Wednesday, the company hosted a panel discussion about successfully raising capital for […]

Austin-based Veros Systems raises $8 Million

Veros Systems announced Monday that it has received $8 million in Series A venture financing. Chevron Technology Ventures led the deal with additional investment from Austin Ventures and LiveOak Venture Partners. Veros, which makes control center software called Veros ForeSight that monitors industrial operations, has been testing its software system for several years at multiple […]

Bigcommerce Raises $40 Million from Revolution Growth

Bigcommerce, a site that lets anyone create an online store, raised $40 million from Revolution Growth. Steve Case, co-founder of the Revolution Growth fund and founder of America Online, will also join Bigcommerce’s board. The Austin-based company, founded by Eddie Machaalani and Mitchell Harper in 2009, has raised $75 million to date. Bigcommerce’s software has […]

How to Get Money from VC and Angel Investors

By LAURA LOREK Founder of Silicon Hills News Austin has one of the nation’s most active angel networks through the Central Texas Angel Network, known as CTAN. Last year, CTAN, with 100 members, invested about $8 million in 28 companies, including 13 new companies and 15 portfolio companies. Every angel investor is doing it because […]

TechStars’ Cloudability Closes on $8.7 million in Venture Capital

In the first TechStars class held at the Geekdom earlier this year, Cloudability already had a head start on some of the other companies. The Portland-based startup had already participated in the Portland Incubator Experiment. When the team landed in San Antonio, they had already raised $1.1 million, according to VentureBeat. Now Mat Ellis, Cloudability’s […]

Portalarium Lands $7 Million in Venture Capital

By SUSAN LAHEY Reporter with Silicon Hills News Richard Garriott de Cayeux is passionate about many things. Space, exploration, the environment, the moral imperative of games, building cool houses and collecting things. So how did he choose to make his first game to launch from Portalarium, the most recent incarnation of his gaming company, Ultimate […]