Austin-based VC firm Next Coast Ventures closes inaugural fund at $85 million

Texas-based venture capital (VC) firm Next Coast Ventures has announced the closure of its first fund today, revealing that it was oversubscribed by around two-thirds.
Founded out of Austin in 2015, Next Coast Ventures says that it will be targeting “disruptive ideas and thematic marketplaces,” with a broad focus on education, retail, B2B, and B2C. Its debut fund of $85 million is $35 million more than originally planned, as per its SEC Form D filing from las