Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

Startup ecosystems “between the coasts” get a boost

Next Coast Ventures has raises $85 million for Austin’s startup scene. The firm’s founders said they want to boost Austin’s tech scene and support early-stage startups between the coastal tech hubs.

“We are finding outsized opportunities between the coasts with talented, tech-savvy entrepreneurs with vision,” co-founder Mike Smerklo said.

The oversubscribed fund already has invested in six companies and was backed by an unidentified mix of institutional investors, family offices and funds-of-funds.

In the U.S. southeast, Endeavor just launched an office in Atlanta, the 20-year-old impact mentorship network’s fourth U.S. market (others: Miami, Detroit, Louisville), to give a boost to the city’s growing startup scene.

The Atlanta office will be led by Aaron Hurst, a former VP at tech company Ceridian, while its board will include WebMD founder Jeff Arnold, PGi founder Boland Jones and CNN medical correspondent, Sanjay Gupta.

endeaEndeavor launched in 1997 to back high-impact entrepreneurs in Latin America. It has since expanded to 27 markets and has nurtured more than 1,400 entrepreneurs at 800 companies. Together these companies generated revenues of $8.1 billion in 2015 and have created more than 600,000 jobs.

This post originally appeared in ImpactAlpha’s daily newsletter. Get The Brief.

Photo credit: Atlanta Startup Community

You might also like...