2015 Austin Startup Report: $966M in funding and a $3.9B exit

02 Feb, 2016, 13:38 ET from Built In Austin

AUSTIN, Texas, Feb. 2, 2016 /PRNewswire/ -- Built In Austin recently released The 2015 Annual Austin Digital Startup Report [INFOGRAPHIC] highlighting the continued growth in Austin's digital tech sector.

A total of 147 companies raised more than $966 million in new capital. Dollars from exit events increased in 2015, with 45 companies exiting for more than $3.9 billion.

Thanks to HomeAway's blockbuster buyout from Seattle-based Expedia for $3.9 billion in December, Austin has proven itself capable of launching a consumer tech brand, growing it aggressively and navigating it through a 10-digit exit.

"We've been building upon the recent history of growing consumer brands here in Austin," SpareFoot CEO Chuck Gordon said.

SpareFoot raised one of the largest local rounds in 2015 with a $33 million investment led by Steve Case's Revolution Growth.

SpareFoot wasn't alone. Austin digital tech funding held steady in 2015, even amid speculation of another bubble as investments slowed nationwide.

E-commerce led the Austin startup scene, with 20 deals topping $165 million. Ad tech, web publishing, social media, and marketing companies followed closely behind with 21 deals worth nearly $160 million.

ABOUT BUILT IN AUSTIN

Built In Austin is the online hub for the Austin technology industry. The site is focused on uncovering the high-level of tech activity throughout the Austin area; acting as the resource for the latest news, events, and talent opportunities within the local tech industry. 

Contact:  Tessa McLean at tessa@builtin.com.

Photo - http://photos.prnewswire.com/prnh/20160202/328786-INFO 

 

SOURCE Built In Austin



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