Texas Enterprise Fund
Overview
The Texas Enterprise Fund (TEF) is a state-funded financial incentive program that awards "deal-closing" cash grants to companies considering a new project in Texas for which the company is also considering sites in other states. The fund serves as a performance-based incentive for companies whose projects are projected to contribute significant capital investment and create new employment opportunities in the state. Awards are contingent on meeting targets for job creation and wages, and must be unanimously approved by the Governor, Lieutenant Governor, and Speaker of the House. It is administered by the Economic Development and Tourism division of the Office of the Governor.
Portfolio Companies
7
Website
gov.texas.govInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| FreshRealm | Apr 2024 | Grant | Lead |
| NTxBio | May 2025 | Grant | Co-investor |
| D6 Inc | Oct 2021 | Grant | Lead |
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Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is Texas Enterprise Fund based?
Texas Enterprise Fund is headquartered in Austin, Texas, United States.
When was Texas Enterprise Fund founded?
Founding year information for Texas Enterprise Fund is not publicly available.
How many portfolio companies does Texas Enterprise Fund have?
Texas Enterprise Fund has 7 portfolio companies in Caplight's dataset.
What are some companies in Texas Enterprise Fund's portfolio?
Portfolio companies visible on Caplight include FreshRealm, NTxBio, D6 Inc.
What was Texas Enterprise Fund's most recent investment shown here?
Texas Enterprise Fund's most recent investment in this portfolio sample was in NTxBio in 2025.
What sectors does Texas Enterprise Fund focus on?
Texas Enterprise Fund focuses on Healthcare & Life Sciences, Healthcare & Life Sciences, Telecommunications & Networking, Consumer & Commerce, Mobility, Transportation & Logistics, Energy & Sustainability, Frontier & Industrial Tech, Energy & Sustainability, Frontier & Industrial Tech, Frontier & Industrial Tech, Mobility, Transportation & Logistics, Real Estate & PropTech.
What company stages does Texas Enterprise Fund focus on?
Texas Enterprise Fund typically invests at the MultiStage stage.