Palo Alto – July 29, 2022 – Cooley advised venture capital firm Silverton Partners on the formation of its latest venture capital fund, representing $248 million in total commitments. Casey Schulte led the Cooley team advising Silverton Partners.
The fund represents the largest in the firm’s history and exceeded its initial goal of $220 million. Silverton Partners intends to use more than two-thirds of Fund VII’s capital to support the rapidly growing needs of Texas-based, early-stage startups.
Founded in 2006 and headquartered in Austin, Texas, Silverton Partners is focused on partnering with early-stage startups led by founders who share a commitment to compete in growth markets and build enduring, iconic companies. The firm manages more than $950 million in assets and has realized more than 30 acquisitions and four initial public offerings.
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