Dow Jones reports explosion of venture capital funding for Austin companies

Austin companies received roughly $475 million from venture capitalists during this year’s first quarter, according to the Dow Jones VentureSource report released Wednesday night.

That represents a 199 percent spike over last year’s first quarter, which saw about $159.4 million in VC investment.

However, entrepreneurs shouldn't get too excited about a wide windfall because the $250 million investment in WP Engine Inc., which helps organizations build and manage websites that use WordPress,…

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