Investment in area companies soars in year’s second quarter
Venture capital investing in Austin companies rose 64 percent during the second quarter compared with the same quarter a year ago, according to a survey released Thursday.
Twenty-two companies raised a total of $78.6 million during the April-June quarter this year, according to a survey by PricewaterhouseCoopers and the National Venture Capital Association. During the same period last year, 13 companies raised $48 million.
The biggest deal during the quarter was Kyle-based Xtreme Power, which raised $18 million from Bessemer Venture Partners and SAIL Venture Partners. Xtreme Power is developing power-storage systems.
Austin software companies received the most investment dollars in the quarter, with nine companies raising $20.4 million, according to the survey.