Capital Raise Slows in Texas During Q3 2019

Texas Capital Report: Q3 2019

Capital raising for private companies in Texas slowed in Q3 2019, according to data presented by HRO Resources. During the quarter, Texas businesses raised $8.3 billion in funding, down 20% from the $10.7 billion raised in Q2 2019. Eighty companies in Q3 received funding, with the top three industries to attract capital being finance, technology/consulting services and energy.

HRO Resources surmised that the slowdown might be due to several factors, including a drop in consumer spending, trade uncertainty and global growth slowdown. The fourth-quarter outlook suggests more of the same — namely, a moderate pace for private investment, likely due to increasing economic uncertainty across the U.S.