LiveOak Venture Partners Announces First Exit
December 18, 2015
Austin, TX December 18, 2015 – Oracle (NYSE: ORCL) announced today that it has entered into an agreement to acquire LiveOak portfolio company – StackEngine. LiveOak Venture Partners invested in both the Seed and Series A rounds in StackEngine, with the former in July, 2014 and the latter in June, 2015.
StackEngine is an Austin based provider of infrastructure software for the orchestration and scaling of cloud based applications that have been deployed in a containerized environment. The company was founded by three veterans of Austin’s vibrant infrastructure software startup ecosystem – Bob Quillin, Eric Anderson and Robert Gordon.
“This is a great outcome for the team, the investors and the Austin technology community at large. StackEngine perfectly fits the mold of us being the first institutional investors behind visionary entrepreneurs who disrupt the status quo with exciting technologies here in Texas. We look forward to many more exciting outcomes from the 13 companies in our portfolio and future investments” said Krishna Srinivasan, co-founding General Partner at LiveOak Venture Partners and previously a board member at StackEngine.
About LiveOak Venture Partners
LiveOak is a $109MM Fund based in Austin, TX and was founded by Ben Scott, Krishna Srinivasan, and Venu Shamapant. While many of LiveOak’s investments begin at the seed stage, LiveOak is a full lifecycle investor focused on technology and technology-driven service companies primarily based in Texas and the Southwest. With over 15 years of successful early stage investing in Texas, the Founders of LiveOak have helped entrepreneurs create industry-leading companies, such as Spatial Wireless (acquired by Alcatel-Lucent), Navini Networks (acquired by Cisco Systems), LifeSize Technologies (acquired by Logitech) and Mavenir Systems (NYSE:MVNR).