Texas Startups Hope to Continue Raising Capital Despite Tech Downturn

Last year was challenging for the tech industry. Tech companies underperformed after going public amidst a scenario of overall public market declines, geopolitical issues and war, high inflation, interest rate increases, supply-chain disruptions and economic uncertainty. And if that wasn’t enough, layoffs across the tech sector became the norm as companies had grown faster than their businesses could sustain and funding became more difficult to come by.

Despite the overall declines in the tech industry, Texas startups, while not unscathed, have continued to raise capital.