Report finds Houston is 3rd fastest growing tech ecosystem

A new Houston Exponential analysis based on data from PitchBook shows early-stage and angel rounds accounted for 151 venture capital deals under $5 million last year. Nearly two-thirds of those VC deals were less than $1 million.

Thanks to that robust activity, Houston now ranks as the third-fastest-growing tech ecosystem for early-stage companies in the country, according to the analysis.

Meanwhile, last year’s overall VC deal count exceeded 200 for the first time, “a harbinger of future growth potential as new company creation continues to explode,” the analysis says.

Texas Medical Center is contributing to that explosion. It recently raised the size of its TMC Venture Fund to $50 million. TMC says the fund now will be able to back a wider range of early-stage startups.

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Download the report here: Houston Funding Review 2021 (hubspotusercontent10.net)