Clutch VC

🚀 Texas Seed Funding Update: Trends to Watch in 2024 🚀 Texas continues to be a hotbed for innovation, with some exciting shifts in the seed funding landscape! According to recent data, the median deal size in the first three quarters of 2024 nearly doubled, jumping from $587K in 2023 to $1.17M this year—a 100% YoY increase. While the number of deals has dropped (387 in 2024 vs. 581 in 2023), the increased deal sizes show a growing confidence in fewer, high-potential startups. What’s driving this growth?  🌟 AI is leading the way with a 40% increase in total deal value from 2023 to 2024, while SaaS—historically a dominant player—saw a 7.7% decline. This reflects shifting investor priorities, with more attention turning to sectors like AI and Health. 💸 With $636.45M invested in Texas startups through the first three quarters of 2024, the Lone Star State continues to attract significant capital, despite the changing landscape. Fewer deals, bigger checks, and a focus on high-growth industries—it's an exciting time to be part of the Texas startup ecosystem! Sources: Crunchbase, Pitchbook, and Internal Databases #VentureCapital #SeedFunding #TexasStartups #AI #SaaS #Innovation #Entrepreneurship

Welcome to the family Statt !

I am excited to share that we recently closed $10 million in Series A funding for Allstacks. This round was led by Andrew Drylie and Chris James at Quadri Ventures, in partnership with Todd Graham and Chinedu Udeogu at M12, Microsoft's Venture Fund, and Alok Nandan, PhD at First Rays Venture Partners. Sometimes you get lucky and meet people who innately understand the value of your mission from the 1st moment you meet them and working with each of these folks to close this round was a real pleasure. Of course, a big thank you to our existing investors Hyperplane, Companyon Ventures, Clutch VC, S3 Ventures, Atlassian, and to our angel investors for believing in us and supporting us along the way. We founded Allstacks to help engineering organizations of all sizes by providing them with the data they need to make strategic business decisions and fully understand how their investments (time/money) translate into positive business outcomes. In a high-cost-of-capital economy, there is a renewed focus on delivering core business objectives, high productivity, but also a positive developer experience. We're excited to take our learnings from working with a number of fast growing enterprise software companies to some of the largest banks in the world and deliver this value at a broader scale, like speeding up software delivery at Sharefile/Cloud Software Group by 32% I'd be remiss to not mention my partners Darrell "Jeremy" Freeman and Adam Dahlgren and our incredible team without whom Allstacks wouldn't be what it is. https://lnkd.in/en-zZNrR

Big milestone for Clutch VC portfolio company Allstacks today, announcing their Series A. I'm proud to have been an early supporter of Hersh Tapadia, Darrell "Jeremy" Freeman, and Adam Dahlgren and can't wait to see where they go next! 🚀 🚀 🚀

Hear insights from leading Texas VCs! Last month’s Software Day at the Ion Houston was moved to Tuesday, August 13th.   “An Intro to Central Texas Seed Stage VCs” features Aziz Gilani, Eric Engineer, Rajiv Bala, Cat Dizon, and Mike Marcantonio on a panel that explores their professional journeys, insights for up-and-coming VCs, and what they like to see before investing in a startup!    A networking happy hour sponsored by Gunderson Dettmer will follow the panel.   Register here: https://lnkd.in/gr5HURz8    #TexasSoftwareStartups #HoustonSoftwareStartups #SoftwareStartups #SoftwareStartupCommunity #VC #VentureCapital #SeedCapital #MentorOfficeHours #Mentorships  #TexasVCs   Brad Burke Blair Garrou adrian fortino Samantha Lewis Melissa Lutzke Turowsky Jackie Pfister Andreas R. Galliker, CFA Winston Gilpin Dan Watkins Eddie Lou Tolonye Williams Patrick Okorafor, CPA Alex Gras Lisa Roberts Devin R. Aileen Allen S3 Ventures Clutch VC Active Capital LiveOak Ventures

If you know a software startup in Texas, encourage them to apply to meet with VCs and mentors and to give their elevator pitch next week at our July Software Day at the Ion Houston, next week on Tuesday, July 9! Today's the last day for software startups to apply! Five of the most active Texas VC software investors will be on hand and on the panel discussion: Aziz Gilani (Mercury Fund), Eric Engineer (S3 Ventures), Rajiv Bala (Clutch VC), Cat Dizon (Active Capital), and Mike Marcantonio (LiveOak Ventures). Startups selected will have a chance to give their elevator pitch to 200+ investors and other attendees, plus have private meetings with investors and mentors. No cost to startups to participate. Apply here: https://lnkd.in/g3sVQvay The Ion Software Day is the premier monthly event in Houston for founders and investors, held monthly in partnership with the Mercury Fund. It is open to the public at no cost. After the panel discussion, all attendees are invited to network at the Ion's Second Draught (featuring local craft beers). RSVP in advance to attend here: https://lnkd.in/g-ukYMZS The Ion is a 270,000 sq. ft. hub of innovation and entrepreneurship in Houston, with programming powered by the Rice Alliance for Technology and Entrepreneurship and supported by the Rice Office of Innovation. Thanks to the investors and mentors joining us next week!

The latest podcast featuring Rajiv!

We’re co-hosting an event with Forum Ventures next week. Join us!

Had an amazing time at SXSW hosting an event for over 100 VCs from across the country! Good vibes, great margs, and even better company. Looking forward to doing it again next year! Thanks again to our sponsors Silicon Valley Bank and Wilson Sonsini Goodrich & Rosati and in particular Caitlin Cloud, and Matt Lyons!