Austin Monthly Economic Indicators – August 2024

Significant revisions to data on Venture Capital funding data in Pitchbook’s Q3 Venture Monitor have propelled the Austin region to the third-largest VC market in the US– the Region’s highest ranking ever.

Pitchbook released their Q2 Venture Capital report, showing that companies in the Austin region raised approximately $6.5B YTD, more than twice the money raised in the same period during 2025 ($2.9B). Additionally, the Bureau of Labor Statistics released 2025 Occupational Employment and Wage Statistics, showing that the Austin region is fourth among the top 50 metros in the percent of STEM jobs.

STEM occupations account for over 11.1% of all jobs in the Austin MSA in 2024, making Austin the 6th most concentrated in STEM among large U.S. metros. Since 2019, STEM occupations in Austin have grown by 17%, adding 20,000 jobs and bringing the total number of workers to 139,820.

Pitchbook released their Q2 Venture Capital report, showing that companies in the Austin region raised approximately $6.5B YTD, more than twice the money raised in the same period during 2025 ($2.9B). Additionally, the Bureau of Labor Statistics released 2025 Occupational Employment and Wage Statistics, showing that the Austin region is fourth among the top 50 metros in the percent of STEM jobs.