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San Antonio startups still fall short on venture capital funding; Austin companies jet ahead

San Antonio startups still fall short on venture capital funding; Austin companies jet ahead
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San Antonio startups collected more venture capital in 2021 than they did the year before — and still fell farther behind their peers in Texas’ other big cities in the hunt for early-stage financing.

Lew Moorman, a leader in San Antonio’s burgeoning technology industry, is frustrated by the gap. But he’s not surprised.

“There’s too many of us in tech declaring victory and not recognizing our shortcomings,” said Moorman, chairman of the San Antonio industry group Tech Bloc and co-founder of Scaleworks, a local venture equity firm. “We need to take a hard look at ourselves and ask if this bothers us or not.”

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