XLIO Ventures Expands with $100 Million Funding Boost

XLIO Ventures has secured an additional $100 million, bringing its total funding to $150 million. This investment will support the development of Made to Order startups for leading technology companies. CEO Ron Kornfeld is set to head the new office in Austin, Texas.

The Made to Order model allows companies to specify desired technologies, which XLIO then delivers through dedicated startups. These startups become part of the client company upon meeting specific KPIs, in deals ranging from $10 to $50 million.

With this funding, XLIO can expand its engagements and reach new sectors and geographies. The Austin office will connect XLIO with local engineering talent and businesses, bolstering the city's vibrant startup scene.

"Austin offers a wealth of engineering talent and experienced founders," said Ron Kornfeld. "This funding allows us to leverage this environment for the benefit of our clients."