Silverton Partners, an early-stage venture capital firm based in Austin, is to raise $120m for its latest fund.
Per an SEC filing, Silverton Partners VI, L.P. has not raised funds, yet.
The doc lists Michael J. Dodd, Morgan L. Flager, and Kip McClanahan as people related to the offering.
The firm provides early stage funding to startups at their early stage. It is sector-agnostic, not geographically-restricted, and the majority of its investments are in markets where an active startup ecosystem is underserved by early-stage capital.
The firm focuses on Seed-Series A rounds of financing writing the first institutional check into a company with a typical initial investment of $500,000 to $4 million.
The team also includes:
– Alyssa Dadoly, VP Finance
– Kelsi Kamin, Business Development
– Roger Chen, Principal, and
– Adam Chibib, Venture Partner