Austin, Texas, January 1, 2026
Craft Ventures, a venture capital firm co-founded by David Sacks and Bill Lee, has opened a new office in Austin, Texas. This strategic move is aimed at strengthening the firm’s presence in Austin’s vibrant startup ecosystem, where they have been actively participating for years. Both co-founders will be working from this new location, which complements their existing offices in New York and San Francisco.
Austin, Texas – Craft Ventures Expands with New Office
Craft Ventures, the venture capital firm co-founded in 2017 by David Sacks and Bill Lee, has opened a new office in Austin, Texas, having signed a lease in the city earlier this month.
Lee has been living and working in Austin since 2022, and Sacks relocated to the area earlier this month. Both will now be working out of the new Austin office. Craft will continue to maintain its New York and San Francisco offices.
“Opening an Austin office was a natural next step for the firm,” said Craft Ventures President Mark Woolway. “Austin has a vibrant startup ecosystem in which we have been participating for years, and this move greatly expands our presence.”
Background on Craft Ventures
Founded in 2017, Craft Ventures is a venture capital firm that focuses on early-stage investments. The firm has raised several funds, including Craft Ventures I ($350 million) in 2017, Craft Ventures II ($500 million) in 2019, and Craft Ventures III ($612 million) in 2021. Notable exits include CloudKitchens, Harbor, and Lumina. Craft Ventures maintains offices in New York and San Francisco.
About Austin’s Startup Ecosystem
Austin, Texas, is known for its vibrant startup ecosystem, often referred to as “Silicon Hills.” The city has attracted numerous tech companies and entrepreneurs, contributing to its rapid growth and innovation. The presence of Craft Ventures in Austin is expected to further strengthen the local startup community.
Contact Information
For more information, contact Craft Ventures at caroline@craftventures.com.
Frequently Asked Questions (FAQ)
What is Craft Ventures?
Craft Ventures is a venture capital firm co-founded in 2017 by David Sacks and Bill Lee, focusing on early-stage investments. The firm has raised several funds, including Craft Ventures I ($350 million) in 2017, Craft Ventures II ($500 million) in 2019, and Craft Ventures III ($612 million) in 2021. Notable exits include CloudKitchens, Harbor, and Lumina. Craft Ventures maintains offices in New York and San Francisco.
Why did Craft Ventures open an office in Austin?
Craft Ventures opened an office in Austin to expand its presence in the city’s vibrant startup ecosystem, which the firm has been participating in for years. The move is expected to strengthen the firm’s engagement with local entrepreneurs and startups.
Who are the key individuals involved in this expansion?
David Sacks and Bill Lee, co-founders of Craft Ventures, have relocated to Austin. Lee has been living and working in Austin since 2022, and Sacks relocated to the area earlier this month. Both will now be working out of the new Austin office.
What is the significance of Austin’s startup ecosystem?
Austin, Texas, is known for its vibrant startup ecosystem, often referred to as “Silicon Hills.” The city has attracted numerous tech companies and entrepreneurs, contributing to its rapid growth and innovation. The presence of Craft Ventures in Austin is expected to further strengthen the local startup community.
How can I contact Craft Ventures for more information?
For more information, contact Craft Ventures at caroline@craftventures.com.
Key Features of Craft Ventures’ Austin Office Expansion
| Feature | Description |
|---|---|
| Location | Austin, Texas |
| Co-Founders Involved | David Sacks and Bill Lee |
| Previous Office Locations | New York and San Francisco |
| Reason for Expansion | To strengthen presence in Austin’s vibrant startup ecosystem |
| Contact Information | caroline@craftventures.com |
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