The Texas Entrepreneur Networks Startup Funding
Report represents the equity investments made into Texas startup and early
stage companies for the second quarter of 2012.
This report includes registered investments as well as the business
entity filings for the state. There is
also a report from Gust, that
highlights dealflow in the Texas-based angel networks. Trends are noted as well as a forecast for
early stage investments. Here are some highlights from the report.
Trends in Sectors
Overall the leading category for funding sector was Information
Technology at $28M with 11 deals, followed by Healthcare at $28M comprised of
29 deals and Energy at $20M with 6 deals.
Trends in Regions
The Central Texas region came in first with 35 deals
worth $88M in funding, followed by the North region with 53 deals worth $79M. Following that is the Gulf Coast region with
25 deals worth $46M, the South region with 6 deals worth $8M and the West
region with 1 deal at $1.3M.
Texas Startup Investment Trends
Crowdfunding skyrockets in attention and traction
with the passage of the JOBS Act of 2012 in April. While the laws are still under review, there
is an explosion in the number of crowdfunding sites coming online. According to
Massolution, there are over 520 crowdfunding websites today. Equity-based sites are growing the fastest at
30%.
Business Filings
Business filings of new entities in the state of
Texas in the 2nd quarter grew 39% over the 1st quarter of 2012
across the state of Texas. Central
Texas grew 41%, North Texas grew 38%, South Texas grew 37%, Gulf Coast grew 41%,
and West Texas grew 34%.
GUST Data
In the second quarter, 1151 deals were forwarded to
Texas-based angel networks. Deal flow
within the state increased by 60% from 2012 Q1 to 2012 Q2. The state of Texas falls
from 3rd place in the US to 4th place for dealflow.
Startups seeking funding who participated in the
TxEN program raised over $21M in the second quarter of 2012.
You can see the full report at this link.
Best regards,
Hall T.
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