Join The Discussion

 

Moves by Jeb Bush add to talk of 2016 candidacy

WASHINGTON — Jeb Bush's decision to release a policy-laden e-book and all his emails from his time as governor of Florida has further stoked expectations among his allies that he will launch a presidential bid.

read more >

Ebby Halliday acquires Fort Worth’s Williams Trew

Williams Trew Real Estate of Fort Worth has been acquired by Dallas-based residential real estate brokerage Ebby Halliday Real Estate Inc.

read more >

Meridian Bank Texas parent acquired by UMB Financial for $182.5M

Kansas City, Mo.-based UMB Financial Corp., the parent company of UMB Bank, said Dec. 15 it has signed a definitive agreement to acquire Marquette Financial Companies in an all-stock transaction.

read more >

Cousins Properties to sell 777 Main tower in downtown Fort Worth

Cousins Properties Inc. has confirmed plans to sell the 777 Main office tower in downtown Fort Worth, according to a news release from the Atlanta-based real estate investment firm.

read more >

Glen Garden sale closes, distillery on tap

Firestone & Robertson Distilling Co. closed late Wednesday on its purchase of the historic Glen Garden Country Club in southeast Fort Worth, with plans to convert it into a whiskey distillery and bucolic visitor attraction.

read more >

Startup funding up 20 percent in 4Q

 

BARBARA ORTUTAY, AP Technology Writer

 

 


NEW YORK (AP) — Funding for U.S. startups increased 20 percent in the final three months of 2013 as venture capitalists poured more money into more deals, according to a report released Friday.

Startup investments totaled $8.37 billion in the October-December period, up from $6.95 billion in the fourth quarter of 2012. There were 1,077 deals completed in the quarter, up from 1,050 a year earlier. Software companies received the most money, with biotech a distant second.

Popular online pinboard Pinterest Inc. snagged the most money in the quarter — $225 million from venture-capitalist firms Andreessen Horowitz, Bessemer Venture Partners and others.

The MoneyTree study was conducted by PricewaterhouseCoopers and the National Venture Capital Association, based on data from Thomson Reuters.

For the full year, total VC funding grew 7 percent to $29.4 billion from $27.3 billion in 2012 — but it was lower than the $29.7 billion in 2011.

Although it didn't grab as many headlines as consumer-facing startups such as Pinterest, a Texas networking technology company called Genband received the top deal in 2013, with $343 million. Cab-hailing app Uber Technologies came in second with $258 million. Pinterest, which like Uber is based in San Francisco, took both the No. 3 and the No. 4 spots with two deals totaling $425 million.

Call it a bubble or a boom, it was a big year for Internet-specific companies, which captured $7.1 billion in funding in 2013 — the highest level of investment since 2001. Software companies, some of which also counted as Internet startups, received the most funding since 2000 with $11 billion poured into 1,523 deals. Money going to software startups accounted for 37 percent of the year's VC investment, the highest since the MoneyTree report started in 1995.


 

< back

Email   email
hide
TCU/Baylor
Did the College Football Playoff Committee get it right?