Two unnamed Texas universities have contributed $65m towards Silverton Partners $75m tech-focused VC firm.

Texas-based venture capital firm Silverton Partners has raised $75m to support the state’s emerging technology companies.

A sizeable chunk of the funding, $65m, was contributed by two university endowments, although Silverton has not disclosed which, and Silverton partner Bill Wood. The remaining $10m was contributed by a coalition of entrepreneurs based in the Austin area.

Kip McClanahan, also a partner at Silverton, said: “A number of factors are coming together to contribute to fast-paced tech community in Austin. It’s never…

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