Austin Ranked 7th For Startups and Venture Capital Report in 2021

Startups and venture capital showed many investment rounds and promising signs for aspiring entrepreneurs in the past year. As stated in the report, it was more than 4,000 first funding rounds nationwide, totaling $23.8 billion. In 2021, Austin startups had the slowest growth before the end of the year. However, it is still more than any other quarter and a sign of what a massive year it was. 

PitchBook-NVCA Venture Monitor reported that Austin ranked #7 in the nation with $4.7 billion (211.2% YoY growth) of equity funding across 387 deals (126.1% YoY growth), a breakthrough for startups and VCs in 2021, and there’s no sign of a slowdown.  Listed down below are Austin Metro Area’s Top 10 Funding Deals of 2021: 

  • Homeward: $371 million on May 14 at an $836 million valuation
  • Workrise: $300 million on May 20 at $2.9 billion valuation
  • ICON Technology: $207 million on August 11 (no valuation provided)
  • Everly Health: $200 million on March 23 at $2.9 billion valuation
  • ZenBusiness: $200 million on November 9 at a $1.7 billion valuation
  • The Zebra: $150 million on April 12 at $1.1 billion valuation
  • CrowdOut Capital: $150 million on Feb. 17 (no valuation provided)
  • Ambiq Micro: $145 million on March 23 (no valuation provided)
  • Elligo Health Research: $136 million on September 23 at $395 million valuation
  • Outdoorsy: $100 million on June 24 at $1.7 billion valuation

And here are the Top 5 Deals for Austin Startups in the Fourth Quarter of 2021:

  • ZenBusiness : $200 million
  • Royal Markets: $55 million
  • UpEquity: $50 million
  • 8fig: $50 million
  • Ontic: $40 million

First time in the history of the PitchBook-NVCA report, VCs raised $128.3 billion and investors have climbed the $100 billion mark. As the data show, $329.9 billion was invested through 17,054 deals nationwide, and that’s nearly matched the 2020’s record-setting investment figures. NVCA President and CEO Bobby Franklin stated that “The best news about these record achievements is that we are creating more American made entrepreneurs than ever before. Entrepreneurs are our nation’s job creators who plant the seeds for the new high-growth companies of tomorrow. To ensure their future success, we need policymakers to think about the long game when it comes to the startup ecosystem.”

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