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Austin Venture Capital Funding Stabilizing after Dropoff

Austin’s venture capital scene is now healthy after a slowdown the past few years, panelists said Tuesday during a South by Southwest Conference & Festivals session on the subject.

Panelists, including CEO Rob Taylor of Convey Inc., said that the city started to turn a corner in the amount of money being funneled into local startups in 2012, when startup accelerators Techstars and Capital Factory launched. Two years later, Austin startups hauled in more than $1 billion in venture capital investment, a historical high.