Austin VC firm Silverton Partners stockpiles $248M to invest in startups


One of Austin's longest-tenured venture capital firms has raised hundreds of millions of dollars to invest mostly in Texas startups.

Silverton Partners LP announced July 6 it has raised $248 million across two funds: one dedicated to making early-stage investments in small, technology-oriented businesses and another to pump additional money into existing portfolio companies.

A total of $177 million was raised for its latest flagship fund, Silverton Partners VII LP, and $71 million was raised for…

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