The benefits of putting your tech startup into the Capital Factory incubator continue to grow. Today it was announced that some top Venture Capital firms will provide matching investments. To get accepted into the incubator, you must get two lead mentors to each invest $25K in your company. The Capital Factory Fund will match that $50K with another $50K. Then Silverton and FLOODGATE will each kick in $25K bringing your total funding to $150K when you get into the incubator.
Capital Factory now has two separate 22,000 square foot floors dedicated to growing entrepreneurs and startup companies, and has become the epicenter of tech startups in Austin. I heard a statistic the other day that there were over 200 companies that were part of Capital Factory.
Silverton Partners invests solely in Austin-based technology companies, and recently announced a new $75M fund hot off the back of a stellar year of exits in their portfolio companies. Investments include SpareFoot, Tivoli, Silicon Labs, Convio, Famigo, uShip, and WP Engine.
FLOODGATE is headed by Mike Maples, Jr. who has become one of the best performing venture investors in the silicon valley. I first met Mike back at Motive, so know that he came from an entrepreneurial background. In addition, he seems to have a knack for picking and grooming tremendously successful companies that you might have heard of, including Twitter, Rally, Chegg, TaskRabbit, Bazaarvoice, SpareFoot, Lyft, Solar Winds, and Digg just to name a few.