Texas Startups Attract $10.55 Billion In Venture Capital Last Year

27 Jan 2022


According to a new report from data provider Pitchbook and the National Venture Capital Association, Texas startups attracted a record-breaking $10.55 billion in venture capital last year, up 123% from the $4.73 billion total in 2020. Back in 2011, the VC total for Texas was almost $2.87 billion.

“Texas’ venture capital record numbers for 2021 validates the state’s friendly, nurturing environment for startups from every industry and of every size,” said Robert Allen, President and CEO of the Texas Economic Development Corporation (TxEDC). “Investors continue to pump capital into Texas startups with the assurance that these businesses will thrive in the state’s robust entrepreneurial ecosystem.”

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