Austin Ventures

Last updated
Austin Ventures
Company type Private
Industry Private equity
Founded1979 [1]
FoundersJoe Aragona, Ken DeAngelis, Bill Wood
Headquarters Austin, Texas, United States
Products Venture capital, Growth capital
Total assets $3.9 billion
Number of employees
60+
Website www.austinventures.com

Austin Ventures (AV) is a private equity firm focused on venture capital and growth equity investments in business services and supply chain, financial services, new media, Internet, and information services companies nationally with a focus on Texas. [2] The firm, which is based in Austin, Texas, [3] was founded in 1984. [1] AV has raised approximately $3.9 billion since inception across ten private equity funds. [4]

Contents

History

In 2003, Austin Ventures, had offered to buy Hoover's Inc. for about $131 million in cash. [5] Which was later withdrawn after a week as per Hoover's. [6]

In September 2008, the firm announced the closing of Austin Ventures X with $900 million of investor commitments, which will be used to fund start-up capital for emerging companies and growth capital for expansion rounds and recapitalizations.

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References

  1. 1 2 findventure.com Archived September 10, 2011, at the Wayback Machine
  2. Thorpe, Helen (2000-08-20). "Austin, We Have a Problem". The New York Times. ISSN   0362-4331 . Retrieved 2019-12-09.
  3. Agresta, Michael (8 April 2021). "How Austin's Start-up Sector Won the Pandemic". Texas Monthly LLC. Texas Monthly. Retrieved 10 April 2021.
  4. "COMPANY NEWS; SHAREHOLDER MAKES A COMPETING BID FOR HOOVER'S". The New York Times. 8 February 2003.
  5. "Company News; Shareholder Makes a Competing Bid for Hoover's". The New York Times. 2003-02-08. ISSN   0362-4331 . Retrieved 2019-12-09.
  6. "Company News; Marathon and Austin Withdraw Bid for Hoover's". The New York Times. 2003-02-14. ISSN   0362-4331 . Retrieved 2019-12-09.

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