Capital Factory

Founded in 2009 and headquartered in Austin, Texas, Capital Factory is a startup incubator and venture firm that bills itself as the center of gravity for entrepreneurs outside Silicon Valley, with a presence in Austin, Dallas, Houston, San Antonio, and Washington, DC. It backs seed- through later-stage companies across software, media, and technology, with notable activity in AI, medtech, space, and defense/dual-use ventures, and is described by PitchBook as the most active investor in Texas since 2010. Founders receive office space, mentorship, legal and accounting support, and introductions to investors, customers, and US-allied government partners; historically the core program provided roughly six months of support and access to investment in exchange for about 1% equity, though current terms are structured around a small equity stake. Investment flows through three vehicles—the All Access Fund, the Texas Fund, and the Fellowship Fund—with recent deals ranging into the multi-million-dollar level (e.g., a $5M round in DexMat in early 2026). Capital Factory accepts applications on a rolling basis via its website rather than fixed deadlines. Specific check sizes, current fund sizes, and most-recent fund vintage are not publicly disclosed.