Founded in 2009 and based in Austin, TEXO Ventures primarily invests in rounds with 2-3 participants. While the fund often collaborates with Gatebridge Investments, MB Venture Partners, and Texas Wide Open for Business, it has also received investments from MB Venture Partners, Gatebridge Investments, and Sandbox Industries. The fund typically invests in software and hospital-related startups, with a preference for companies that have been in operation for 4-5 years. TEXO Ventures has had a high level of activity in 2015, with investments ranging from $1-5 million. They work closely with entrepreneurs, providing both capital and expert guidance to help launch successful healthcare companies.