Silverton Partners, the leading Austin-based venture capital firm, announced today the close of its oversubscribed Fund V at $108M along with realizations from five of its investments.
Since its founding in 2006, Silverton has been the leading choice in Austin and beyond for entrepreneurs to fund their early stage businesses. The Firm’s objective has been to provide the first institutional capital and mentorship to young companies, partnering with entrepreneurs to help bring their vision to reality. Headquartered in Austin, TX, Silverton prides itself on taking a distinct perspective to building value and approaching venture capital from a different angle. Since its inception, the Firm has made over 50 investments in capital efficient businesses that generally fall into the enterprise and consumer technology categories.
“Fund V, our largest fund to date, is the culmination of a lot of hard work and evidence over the last twelve years that our approach to venture investing is working,” said Morgan Flager, General Partner at Silverton Partners. “With this latest fund, we’ve been very fortunate to expand our roster of top-tier institutional LPs who believe in our differentiated strategy and vision for the future of our franchise.”
“We continue to see meaningful increases in entrepreneurial activity in our hometown of Austin, TX, which continues to be one of the top markets in the U.S. for startup activity. Likewise, we have been expanding our network in other regional markets with similar characteristics as Austin,” said Kip McClanahan, General Partner at Silverton.
Aside from the closing of Fund V, the Firm has realized 5 full or partial exits representing an aggregate of over $1.1 billion in market capitalization since the beginning of 2018. These realizations were generated by the following Austin-based companies where Silverton was the first institutional capital: WP Engine, SpareFoot, Watermark, Favor, and YouEarnedIt.
Silverton manages over $250M in capital and is operated by four General Partners: Morgan Flager, Kip McClanahan, Adam Chibib and Mike Dodd.
About Silverton Partners
From idea to exit, the Silverton team works with exceptional entrepreneurs who are committed to attacking growth markets and building lasting companies. In partnering with Silverton, companies benefit from our deep network and lessons learned over many decades of operating and investing experience. Founded in 2006, Silverton Partners is based in Austin and has been the initial investor behind Convio, WP Engine, SpareFoot, SailPoint, Silicon Labs, TurnKey, The Zebra, AlertMedia, SpyCloud, Convey, Aceable, Billie, Restream.io and SourceDay among many others. CB Insights has recognized Silverton as the most active venture capital firm in Texas. For more information, visit www.silvertonpartners.com
