Silverton Partners, a leading venture capital firm in Texas, announced the closing of its largest fund to date, Fund VII, with $248 million in assets. This surpasses the initial target of $220 million and reinforces Silverton’s commitment to early-stage startups, primarily in Texas.
Silverton Partners Doubles Down on Texas Tech
A significant portion of Fund VII, over two-thirds, will be invested in Texas-based early-stage companies. Managing Partner Morgan Flager expressed confidence in the current investment climate, stating that challenging economic times often breed innovative and successful companies. Silverton Partners believes in supporting exceptional entrepreneurs and delivering strong returns for their investors, building on their success with Fund III during the 2008 economic downturn, which currently ranks in the top 5% of funds compared to the Cambridge benchmark.
Silverton Partners Team
Strong Investor Confidence in Silverton Partners
Fund VII attracted strong support from existing limited partners, with 100% returning to invest. The fund also welcomed four new institutional partners and over 20 individual investors, including leaders from current and former Silverton Partners portfolio companies. Total capital raised includes $177 million for Silverton Partners VII and $71 million for Silverton Opportunities II, primarily from leading university endowments and foundations.
Silverton Partners: A History of Success in Seed-Stage Investing
Founded in 2006, Silverton Partners manages over $950 million in assets and boasts an impressive track record with more than 30 acquisitions and 4 IPOs, including notable companies like Sailpoint, Ping Identity, and Vacasa. The firm’s core strategy focuses on partnering with early-stage startups led by ambitious founders targeting high-growth markets. This consistent approach, focused on seed-stage investing and deploying capital strategically, has delivered exceptional returns for investors over the past 16 years.
Silverton Partners Logo
Silverton Partners Expands Team with Key Promotions and New Hire
In addition to the Fund VII announcement, Silverton Partners announced the promotion of Matthew Saitta to Principal and Alyssa Dadoly to CFO & Operating Partner. The firm also welcomed Aneesh Desai as an Associate to the investment team. These additions strengthen Silverton’s expertise and capabilities as they continue to invest in and support promising startups.
About Silverton Partners: Investing in Enduring Companies
Silverton Partners collaborates with entrepreneurs driven to build lasting companies in growth markets. Partnering with Silverton provides companies access to a broad network and extensive experience gained from decades of investing in and growing successful businesses. Based in Austin, Texas, Silverton Partners has been the initial institutional investor in numerous successful companies, including AlertMedia, Billie, SailPoint, Silicon Labs, Storable, Self Financial, TurnKey Vacation Rentals, Wheel, WP Engine, and The Zebra.
