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Austin Ventures

From Wikipedia, the free encyclopedia
Austin Ventures
Company typePrivate
IndustryPrivate equity
Founded1979[1]
FoundersJoe Aragona, Ken DeAngelis, Bill Wood
HeadquartersAustin, Texas, United States
ProductsVenture capital, Growth capital
Total assets$3.9 billion
Number of employees
60+
Websitewww.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]

History

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In 2003, Austin Ventures, had offered to buy Hoover's Inc. for about $131 million in cash.[5] Which was later withdrawn after a week as per Hoover's.[6]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

See also

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References

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  1. ^ a b 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.

In the news

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