HX Venture Fund announced the closing of four new investments in its first fund: .406 Ventures, Next Coast Ventures, OpenView Venture Partners, and Updata Partners. These investments follow its initial investment in Austin-based LiveOak Venture Partners. HX Venture Fund is Houston’s strategic venture capital fund-of-funds aiming to achieve an attractive return for investors by partnering with leading venture capital firms to offer their expertise and risk capital to the region. The Fund creates a pathway for innovation and information to flow among corporations, startups, and innovators.
HX Venture Fund was launched in 2018 and serves to fuel the Houston innovation ecosystem by investing in world-class venture capital funds that are committed to bringing their knowledge and expertise to Houston entrepreneurs. These investments play a vital role in one of the core missions of HX Venture Fund – to empower local entrepreneurs by integrating the best venture capital funds into the Houston startup ecosystem through consistent engagement, mentorship, and support.
“We are delighted to partner with these funds and their compelling teams,” said Guillermo Borda, Managing Director of HX Venture Fund. “These high-performing venture firms see significant potential for investment in Houston. We are encouraged by the opportunities available to Houston entrepreneurs by having these firms as part of the startup community.”
HX Venture Fund will work alongside its portfolio to activate the Houston innovation ecosystem. Since inception, over 130 venture funds have expressed their excitement about a potential partnership with HX Venture Fund.
Sandy Guitar Wallis, Managing Director of HX Venture Fund, says, “.406 Ventures, Next Coast Ventures, OpenView Venture Partners, Updata Partners, and Live Oak Venture Partners are highly successful venture capitalists who bring a prepared mind to the Houston startup community. With their proven expertise and exceptional track records, we are excited to integrate them into Houston networks and not only give them access to the Fund’s incredibly innovative corporate LPs, but also harness their knowledge to empower Houston entrepreneurs.”
Updata Partner, Carter Griffin, says, “Updata is excited to partner with HX Venture Fund and to actively participate in the Houston innovation community. We recognize the compelling opportunities Houston offers and we can’t wait to get further plugged into its network of entrepreneurs and corporations.” .406 Partner, Maria Cirino, also comments, “The model that HX Venture Fund has crafted is highly differentiated. To have them as part of our investor community allows us access to Houston’s top entrepreneurs and key ecosystem players that we may not otherwise have.”
In their first fund, HX Venture Fund will continue making investments in proven venture funds across the country eager to participate in Houston’s startup community.
To learn more, please visit www.hxventurefund.com.
Source: HX Venture Fund
HX Venture Fund invests as a limited partner in top-performing venture capital funds across industry sectors. We partner with talented and experienced venture capitalists who are interested in investing in Houston’s startups and actively contributing to Houston’s innovation success. By identifying venture capital funds with successful track records, collaborative investment teams, and compelling investment strategies, we aim to achieve attractive returns for our corporate partners while providing the Houston startup community with support from the best venture capital funds.