Monday, May 14, 2018

Silverton Partners Raises $108M Fund

Austin-based venture capital investment firm Silverton Partners has raised $108M in its fifth fund, Silverton Partners Fund V, the firm announced Friday. The new fund is managed by Morgan Flager, Kip McClanahan, Adam Chibib and Mike Dodd. Silverton Partners says it now has over $250M under management. The new fund comes as the fund says it has seen five full or partial exits, representing over $1.1 billion in market capitalization since the beginning of 2018. Those exits included WP Engine, SpareFoot, Watermark, Favor, and YouEarnedIt--all which were based in Austin.