ATXnology Q2: Fundraising + More Austin Fun ⭐

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April 2022

It's spring in Austin and as we've seen local temperatures cross 90 degrees already, things are heating up here at Next Coast Ventures as well.

In case you missed it, we announced the closing of $310M in additional capital: $195M for NCV III, a $50M venture opportunity fund, and $65M in our NCV Entrepreneurship-through-acquisition (ETA) fund. Read more →

But enough about us, let's talk about what really matters - the great entrepreneurs we work with...

Diligent Robotics announced it closed over $30M in Series B funding, led by Tiger Global. We are thrilled to continue to support Dr. Andrea Thomaz and Dr. Vivian Chu as they deploy collaborative robots across US healthcare systems. Read more →

Architect.io raised a $5M seed round, led by Next Coast Ventures. The continuous delivery platform enables developers to create and integrate cloud applications, provision new end-to-end environments, and enrich deployments with best-in-breed cloud security. Read more →

Haul raised $10M led by B Capital Group. We are thrilled to be existing investors celebrating the continued success of Tim and Toan as they change the way trucking companies find CDL drivers. Read more →

Enboarder raised $32M in Series B funding, led by NewSpring, with participation from previous investors, Greycroft and Next Coast Ventures. Enboarder will use the new funds to double down on international growth and invest in additional infrastructure to further accelerate its global growth and expansion. Read more →

Passage, an innovator in the passwordless identity space, announced the availability of its public beta along with $4M of new funding led by LiveOak Venture Partners. We're eager to continue to support co-founders Anna and Cole! Read more →

🌀 Next Coast Ventures Personnel News

Next Coast Ventures welcomed Kaitlyn DeBernardo, Partner and Head of Platform. Kaitlyn joined us from Workrise, where she held multiple leadership positions over her 4.5 years at the company. Read more →

Next Coast Ventures welcomed our newest Entrepreneur-in-Residence, Jordan Morrell. Morrell joins us from Nike, where he was most recently VP of Strategy and Operations for Nike Design. Read more →

Looking for more updates? Check out the Firm News on our website.
Now, let's keep on rolling 👇

Austin emerges as a city of unicorns and tech giants

On the back of our fundraise announcement, Next Coast Ventures Co-Founder and Managing Director, Mike Smerklo, had a great conversation with TechCrunch about his move to Austin from Silicon Valley in 2016 to start Next Coast Ventures with Tom Ball. Read more →

📚 Other Press About Our Fundraise:

Next Coast raises $310mm across multiple funds (Austin Inno)
Texas Funding Scene Gets Bigger in 2022 (Crunchbase)
Next Coast Ventures wrangles $310mm in new funds as Austin's VC scene booms (PitchBook)

👀 Stay In The Know

ICON to 3D-print army barracks at Fort Bliss in West Texas #NextCoastNews🌀 #Austin

As inflation shifts shopping habits, a survey from FloorFound reveals shoppers are turning to resale #NextCoastNews🌀 #Austin

Diligent Robotics is helping to combat a wave of nurse burnout #NextCoastNews🌀 #Austin

Everly Health founder Julia Cheek discusses leading a startup through two acquisitions on TechCrunch's FOUND podcast #NextCoastNews🌀 #Austin

Several weeks after Elon Musk opened Tesla's Austin-based gigafactory, his Boring Company landed the largest investment in Austin history #Austin

Texas venture capital deal activity grew 86% post pandemic onset #Austin

😎 Stay Trendy

🎥 Listen to Mike Smerklo on The Thoughtful Entrepreneur podcast with Jeff Elledge and the Just Get Started podcast with Brian Ondrako

🎟️ Check out the brand-new Moody Center which is hosting its Grand Opening Celebration next weekend with George Strait and Willie Nelson

🍽️ Eat at the Diner Bar and Grey Market, both of which recently opened at the Thompson Austin hotel, by James Beard Award-winning chef Mashama Bailer from Savannah

🍹 Grab a drink at one of Austin's breweries; we're big fans of Hold Out Brewing for its impressive collection of house-brewed, out-of-town and exclusive local-collaboration beers

🏆 Do try an activity from these 10 essential things to do in Austin this spring

🤔 Stay Curious

Austin airport is adding 19k square feet devoted to local stores and eateries

Austinites can now pay with their palm at Whole Foods

In a single year, Austin added enough residents to fill more than half of the UT football stadium (+50k!)

New tech hubs are emerging across the US

More companies continue to open Austin offices

👋
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