Thursday, November 21, 2019

Next Coast Ventures Raises Second Fund, Worth $130M

Austin-based venture investor Next Coast Ventures announced on Thursday that it has raised $130M in its second fund, Next Coast Ventures II, in a boost to the local startup community. According to Next Coast Ventures, the fund, like its first fund, will go towards early and growth-stage capital in what it refers to as "Next Coast markets". The second fund comes four year after the firm's first fund, which Next Coast says has now seen four exits, with a total of investments in over 30 companies. Next Coast said the new fund officially brings it to a total of $215M under management.