United States

Houston

Early-Globalization Phase

Houston is now home to approximately 15 venture funds, compared to only one fund a little over 2 years ago. The funding environment is thriving and runway capital goes further here.

Jon Nordby
Director of Strategy at Houston Exponential

Sub-sector Strengths

Life Sciences

Houston is home to 21 research organizations, eight R&D hospitals, and the largest medical complex in the world — the Texas Medical Center and its TMCx accelerator. Life Sciences research in Houston secured $143 million in grants between 2013 and 2018. Success stories include OncoResponse, a cancer research startup, which raised $40 million in a Series B round in 2018; and Lasergen, a biotechnology company developing genomic applications, acquired for $105 million in 2018.

AI, Big Data & Analytics

Houston has the world’s biggest concentration of Forbes 2000 energy companies. This corporate presence is leveraged by AI startups like Arundo Analytics, an oil and gas centric startup which recently raised $25 million. Zdaly, a data search platform, raised $1.5 million in 2018. Houston-based Mercury Fund, an early-stage VC firm with over $275 million under management, focus specifically on Data Science and AI platforms.

Why you should invest in Houston

SOFTWARE STARTUP OUTPUT
1k-1.4k
GLOBAL AVG.
1,010
ECOSYSTEM VALUE
$1.3 bn
GLOBAL AVG.
$5 bn
Top 25 Global Ecosystem
Life Sciences
Top 25 Global Ecosystem
Talent
5
Exit Growth
INDEX
7
Output Growth
INDEX
7
Funding Growth
INDEX

Reasons to move your startup to Houston

EARLY-STAGE FUNDING PER STARTUP
$137 k
GLOBAL AVG.
$284 k
TOTAL EARLY-STAGE FUNDING
$165 m
GLOBAL AVG.
$837 m
SOFTWARE ENGINEER SALARY
$80.7 k
GLOBAL AVG.
$58.3 k

Startup and corporate density

Houston is among the 30 largest ecosystems in the world in terms of tech startups and home to the fourth largest concentration of large U.S. corporates. This density led to the HX Venture Fund, a corporate fund of funds sourcing over $50 million from local corporations.

Startup Community

Startup Genome
Partners & Members

Circular Board
Fannin Innovation Studio
Houston Angel Network
Houston Technology Center
JLaBS
Mercury Fund
UH Red Labs
Rice University - McNair Center for Entrepreneurship
Rice University - Owl Spark
Rice University - Rice Alliance for Entrepreneurship
Station Houston
TMCx Accelerator
Unconventional Capital
University of Houston - Hatch Pitch

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