Texas Weekly Deal Highlights
January 18, 2026
Before we get to our usual weekly roundup of deal activity, it seems like an ideal time to step back and look at the bigger picture of VC funding in Austin.
First up, where did VC money go by sector over the past five years?
As you can see, tech still owns Austin’s funding game, taking more than a third of all capital. Healthcare and B2B split the next two biggest pieces pretty evenly.
Now let’s look at the overall funding trend since 2021:
After a rough few years, 2025 brought total capital back to 2021 levels. But deal count kept dropping. Fewer companies are getting funded, but the ones that are raising are getting bigger rounds.
Next, what do those rounds actually look like?
Deal sizes doubled over this period while valuations more than doubled. The market has shifted toward backing more mature companies with proven traction rather than spreading money across early-stage bets.
Finally, what were the biggest deals of the past five years? Here are the top 10 - notice that 3 of 5 happened last year!
Base Power – Residential energy platform offering home battery storage and grid services, raised $1B on Oct 8, 2025
TelcoDR – Disaster recovery and continuity solutions for telecom operators, raised $1B on Oct 18, 2021
Saronic Technologies – Defense technology company building autonomous maritime surface vessels, raised $600M on Feb 18, 2025
AvantStay – Short-term rental and hospitality platform focused on premium group travel, raised $500M on Feb 16, 2022
NinjaOne – IT management and endpoint monitoring software for MSPs and enterprises, raised $500M on Feb 24, 2025
Outpost – Space logistics company enabling in-orbit manufacturing and refueling, raised $500M on Mar 8, 2023
Ontic – Protective intelligence software helping organizations identify and mitigate targeted threats, raised $426M on Oct 27, 2025
Apptronik – Robotics company developing humanoid robots for industrial and commercial use, raised $403M on Mar 18, 2025
ICON – Construction technology company pioneering large-scale 3D-printed homes, raised $392M on Feb 18, 2022
Homeward – Real estate platform enabling buyers to make cash offers through buy-before-you-sell solutions, raised $371M on May 14, 2021
And now back to your regularly scheduled programming… last week’s deal activity in ATX and beyond!
Austin
webAI, a platform for running custom AI models locally on enterprise hardware, closed their Series A at a $2.5B valuation led by TIME Ventures with participation from Atreides Management, Forerunner Ventures, and OXCART Ventures. $61M+ raised to date.
Accelsius, a developer of two‑phase, direct‑to‑chip liquid cooling technology for AI and HPC data centers, raised $65M in a Series B led by Johnson Controls International with participation from Legrand. $107.07M raised to date.
Creative 3D Technologies, a developer of modular, all-in-one 3D printing systems for flexible, decentralized manufacturing, raised $1.05M from undisclosed investors. $6.71M raised to date.
GoodDay Software, an AI‑native ERP for inventory‑driven Shopify brands, raised $7M in a seed round led by FirstMark Capital with participation from Ridge Ventures, Seguin Ventures, Adverb Ventures, Flex Capital, and Long Journey Ventures. $13M raised to date.
Greater Texas Market
VelaFi (Plano), a developer of stablecoin-based infrastructure for global payments and settlement, raised $23.75M in a Series B led by Ikuyo and XVC with participation from BAI Capital, Alibaba Investment, and Planetree Partners. $40M raised to date.
TenFore Golf (Bulverde), a platform for managing golf course operations, raised $7M in a Series A led by Blueprint Equity. $7M raised to date.
Cosmetic Physician Partners (Dallas), a network of physician-led medical aesthetics practices, raised $40M from undisclosed investors. $140M raised to date.
NXTClean Fuels (Houston), a developer of renewable fuel production technologies, raised $4.51M from Sojitz Corporation Of America and other undisclosed investors. $87.79M raised to date.
See you next week! —Mason & Joel
This edition was supported by Bradford Martin.
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