
Austin Ventures is a venture capital firm that's been around for over two decades, founded in 1990 by four entrepreneurs who wanted to make a difference in the startup ecosystem.
They've had a significant impact on the industry, with over $1.5 billion in assets under management. The firm has invested in more than 300 companies across various sectors, including software, digital media, and clean energy.
Austin Ventures' investment focus has been on early-stage companies, typically investing between $1 million and $20 million in each deal. This strategic approach has allowed them to nurture companies from their early stages to significant growth.
Their portfolio companies have achieved remarkable success, with several notable exits, including a sale to Google and a merger with a leading software company.
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About Austin Ventures
Austin Ventures is a venture capital firm that has been investing in technology companies since 1979. They have a strong presence in Texas, with offices in Austin and Dallas.
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Their investment strategy focuses on early-stage companies in the software and technology industries. Austin Ventures looks for companies with strong management teams and scalable business models.
The firm has a portfolio of over 200 companies, including ones that have gone public and been acquired. One notable example is Rackspace, a leading managed hosting company that was acquired by Apollo Global Management in 2016.
Austin Ventures has a team of experienced investors who have a deep understanding of the technology industry. They work closely with their portfolio companies to provide guidance and support.
Their investments have had a significant impact on the technology industry, creating jobs and driving innovation in Texas and beyond.
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Investments and Acquisitions
Austin Ventures has a long history of investments, with a total of 606 investments made. Their latest investment was in JAZ'D! as part of their Unattributed VC - II on September 30, 2021.
Their investment activity is quite active, with multiple investments made in a short period of time. For example, they invested in JAZ'D! twice, once on July 16, 2021, and again on September 30, 2021.
One notable investment was in AEG Vision, which received $0.25M in funding on August 13, 2021. This investment was part of an Unattributed VC - VII round.
Austin Ventures has also made several acquisitions, with a total of 19 companies acquired. Their latest acquisition was LEAP Auto Loans on May 12, 2011.
They have acquired companies in various sectors, with investments ranging from $0.35M to $XXM. For example, they acquired MIQ Logistics for $XXM on June 25, 2010.
Here are some key statistics on Austin Ventures' investments and acquisitions:
Austin Ventures' investment and acquisition activity is a testament to their commitment to supporting innovative companies and entrepreneurs.
Definitions and Codes
Austin Ventures is a venture capital firm that primarily invests in technology and healthcare companies in the United States. They have a strong presence in Texas, particularly in Austin.
The firm's investment focus areas include software and services, information technology, and healthcare services. Austin Ventures has invested in companies such as Homeaway and RetailMeNot.
Austin Ventures' investment approach is centered around building strong relationships with entrepreneurs and providing guidance and resources to help their portfolio companies grow.
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Annual Revenue Definition
Annual revenue is a key metric that measures a company's total income from its business operations within a specific period, typically a year.
Austin Ventures, a venture capital firm, had an annual revenue of $8.8 million in 2025. This figure is a significant indicator of the firm's financial performance and growth.
Revenue is an essential aspect of a company's financial health, and understanding its annual revenue can provide valuable insights into a business's overall performance.
The annual revenue of $8.8 million in 2025 is a notable achievement for Austin Ventures, highlighting the firm's ability to generate substantial income from its investments and operations.
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NAICS Code Definition
The NAICS code is a six-digit code used to identify industries and businesses in the US.
NAICS codes are used by the US government and other organizations to classify businesses and track economic data.
The NAICS code for Austin Ventures is 523, 5239, and 52.
Businesses use NAICS codes to apply for government contracts, loans, and other benefits.

NAICS codes can be found on the US Census Bureau's website or through the NAICS classification system.
Knowing your NAICS code can be helpful when applying for government funding or grants.
The NAICS code is an essential tool for businesses and organizations to identify their industry and classify their activities.
It's worth noting that NAICS codes are subject to change, so it's essential to check the US Census Bureau's website for updates.
Austin Ventures' NAICS codes of 523, 5239, and 52 indicate that they are involved in finance and insurance activities.
Company Structure and Operations
Austin Ventures has a strong foundation in its company structure and operations. The firm was founded in 1984 by three entrepreneurs, Don Flores, Bracken Darrell, and Terry Evans, who pooled their resources to start the venture capital firm.
The company is headquartered in Austin, Texas, and has additional offices in San Francisco and New York. Austin Ventures has a team of experienced investment professionals who work closely with entrepreneurs to identify and invest in promising startups.
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Top Employees

Our top employees are the backbone of any successful company, and at XYZ Corporation, we've identified a few key characteristics that set them apart.
They are highly adaptable, able to pivot quickly in response to changing priorities and deadlines.
Our top employees are also highly skilled, with a strong foundation in the technical skills required for their roles.
They are also strong communicators, able to effectively collaborate with colleagues and stakeholders across the organization.
A key factor in their success is their ability to prioritize tasks and manage their time effectively.
This allows them to meet deadlines and deliver high-quality results, even in high-pressure situations.
Our top employees are also committed to ongoing learning and professional development, staying up-to-date with the latest industry trends and best practices.
This commitment to continuous learning helps them stay ahead of the curve and drive business results.
At XYZ Corporation, we've found that our top employees are more likely to be in roles with high levels of autonomy and decision-making authority.

This autonomy allows them to take ownership of their work and make decisions that drive business results.
Our top employees also tend to be more proactive and self-motivated, taking the initiative to tackle complex problems and drive innovation.
This proactive approach helps them make a significant impact on the organization and drive business results.
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Vice President - Operations Who?
Ronnie Gerry is the Vice President - Operations of Austin Ventures. He's responsible for overseeing the day-to-day operations of the company.
The Vice President - Operations plays a crucial role in ensuring the smooth functioning of the organization.
Ronnie Gerry's role involves managing the operational aspects of Austin Ventures, which includes strategic planning, budgeting, and resource allocation.
The Vice President - Operations position is a key leadership role within the company, requiring strong organizational and communication skills.
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A Dose of Healthy Competition
Austin Ventures' reign has come to an end, and it's not a coincidence that this occurred in tandem with a revival in the city's startup scene. Several investors pointed out that the strength of Austin's venture community, especially compared to Silicon Valley, has contributed to this growth.

The city now boasts more than 13 hometown venture-capital firms and hundreds of startups, developing everything from robotics to artisanal vodka. Austin's ecosystem is rich and not competitive, unlike the West Coast where it's a highly competitive environment.
Investors emphasized the strength of Austin's venture community, and it's clear that the city is attracting more venture capital. In 2018, Texas-based startups raised more than $3 billion in venture capital, a record for the state.
As the environment matures, more investors will have to invest in its startups in the later stages, where there aren't dedicated firms. This is a good thing because it allows for a more sustainable and long-term approach to investing.
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Frequently Asked Questions
What happened to Austin Ventures?
Austin Ventures is no longer a venture capital firm, with its general partners moving on to new investment opportunities. Some are launching a mid-market buyout fund, while others are exploring early-stage "pledge funds
Who started Austin Ventures?
Austin Ventures was co-founded by Joe Aragona, who has led the firm as a General Partner since 1982. Joe Aragona brings a wealth of experience in investing across various industries.
What is the strategy of Austin Venture?
Austin Venture partners with talented executives and entrepreneurs to build industry-leading companies. Its focus is on investing in early stage and middle market companies in Texas.
Sources
- https://en.wikipedia.org/wiki/Austin_Ventures
- https://www.businessinsider.com/austin-tech-scene-flourished-austin-ventures-folded-silverton-next-coast-2019-10
- https://rocketreach.co/austin-ventures-profile_b5c462caf42e0dc3
- https://www.cbinsights.com/investor/austin-ventures
- https://www.sam.biz/events/sam-announces-significant-investment-by-austin-ventures/
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