It’s the 2nd fund for the company, which closed its debut fund with an extremely respectable$ 85 million, thanks in large part to the backgrounds of its two handling directors. Interestingly, for many years, Austin Ventures was the only video game in town in Austin, however that has altered meaningfully since it announced in 2015 that it would not be raising more capital. He said check sizes will increase, from a variety of$3 million to $7 million into Series A-stage companies to more like $5 million to $10 million at the upper end.

It’s the second fund for the company, which closed its launching fund with a very reputable$ 85 million, thanks in big part to the backgrounds of its two handling directors. Michael Smerklo previously purchased a technology services company called ServiceSource that he ran for 12 years and ultimately took public. Surprisingly, for lots of years, Austin Ventures was the only video game in town in Austin, but that has changed meaningfully because it revealed in 2015 that it would not be raising more capital., fund raised by LiveOak Ventures. He said check sizes will increase, from a range of$3 million to $7 million into Series A-stage business to more like $5 million to $10 million at the upper end.