Silverton Partners raises $108m

The Austin-based firm will target local early-stage companies in its oversubscribed fifth fund.

Silverton Partners announced a final close of its fifth flagship VC fund at $108 million.

Silverton Partners V, which was oversubscribed, will continue the Austin, Texas-based firm’s strategy of investing in local early-stage companies focusing on consumer and enterprise technology.

The predecessor vehicle in the series, Silverton Partners IV, closed at a target of $75 million in 2013.