Silverton Partners

Morgan Flager and Kip McClanahan are the firm's Managing Partners and have led investment decisions since founding Silverton in 2006. Both previously worked at Austin Ventures, one of the region's most prominent venture firms. The partnership expanded to include Roger Chen as a General Partner, though Flager and McClanahan remain the final decision-makers on new commitments.

Silverton sources almost entirely from its network in Texas, where it has been the most consistently active early-stage investor for nearly two decades. The firm does not operate satellite offices or geographically distributed sourcing teams. This local concentration gives the partnership direct access to founders emerging from UT Austin, the Austin Technology Incubator, and the broader central Texas entrepreneurial community, often before those companies engage with coastal VCs.

Silverton leads or co-leads Seed and Series A rounds with initial checks ranging from $2 million to $5 million. The firm reserves capital for follow-on investments into later-stage rounds, typically through Series C. This is a standard early-stage technology venture capital model, distinct from opportunistic growth buyout funds.

Yes, but selectively. The firm's portfolio is heavily concentrated in Texas, with Austin and Dallas representing the majority of its investments. Silverton has made limited investments in companies based in Atlanta, Denver, and other secondary technology markets. This geographic flexibility distinguishes the firm from LiveOak Venture Partners, which maintains an explicit Texas-only mandate.

AlertMedia is one of Silverton's most prominent portfolio companies. The firm led the company's Series A round and participated in subsequent financings through its growth stage. AlertMedia reached a valuation of over $1 billion in 2021 and is headquartered in Austin, fitting squarely within Silverton's enterprise-software and local-network investment thesis.

Silverton Partners VII closed at $248 million in 2024 (per SEC Form D filing, 2024). The firm's preceding fund, Silverton Partners VI, was raised in 2019 and reflects a steady increase in fund size consistent with Austin's maturation as a venture market over the past decade.

Silverton Partners is a venture capital firm, not a family office. It raises committed capital from institutional limited partners including endowments, foundations, and pension funds. The firm is registered with the SEC as an investment adviser. Its Altss categorization under the entity type 'Family Office' in some legacy records is an artifact and has been corrected in this profile.