Silverton Partners Closes Fund VII, at $248M

Silverston Partners

Silverton Partners, an Austin, TX-based venture capital firm, closed Fund VII, at $248M.

The firm had 100% of past LPs return for Fund VII in addition to four new institutional partners and more than 20 individuals including many of the leaders of current and former Silverton Partners portfolio companies. In total, the fund’s capital, raised from top university endowments and foundations, amounts to:

  • $177M in Silverton Partners VII, and
  • $71M in Silverton Opportunities II.

Founded in 2006 and led by partners Kip McClanahan, Mike Dodd, Roger Chen and Morgan Flager, Silverton Partners focuses on partnering with early-stage startups led by founders who share a commitment to compete in growth markets and build enduring, iconic companies. It is anticipated that more than two-thirds of Fund VII’s capital will be deployed to support the needs of Texas-based early-stage startups.

The firm manages more than $950 million in assets and has realized more than 30 acquisitions and 4 IPOs, including Sailpoint, Ping Identity and Vacasa.

In addition to announcing the closure of Fund VII, Silverton Partners promoted Matthew Saitta to Principal, Alyssa Dadoly to CFO & Operating Partner, and added Aneesh Desai as an Associate on the investment team.

FinSMEs

07/07/2022