Austin-Top VC Funding
Austin Business Journal Febraury 04, 2021, 07:48AM CST|Stories|Roundups|”The top venture capital funding rounds of Austin startups in January 2021” “19 startups fill coffers-plus scuttlebutt on the VC scene” by Brent Wistrom
Bumble plans IPO-see below. Image source Bumble.com
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Summary of Article
AI Clearing, AI solutions for analyzing images and “data taken from above by satellites, drones" etc. Co-founders Michael Mazur and Adam Wisniewski. $2M.
JobSiteCheck, COVID-19 safety for construction sites and worker health, productivity and project efficiency. CEO Josh Rickel. $600K
Electra Beverages, Sports beverages. Fran Harris founder (Former WNBA Player). $100K with $250K line of credit.
M-Files Corp, Software-Data and Content-Organization Tools. CEO Antti Nivala. $80M for Finland-Based company but intends to add >12 jobs and have office space in Austin.
Kronologic, AI-Powered Scheduling Platform. Founders Trey Allison, Aaron Bollinger and Ben Parker. $2.6M.
Molecula, Data Visualization. $17.6M Series A.
Sustainment, Software for Procurement, CEO Bret Boyd, $2.1M.
Everlywell, $75M, HealthQuest Capital founder Dr. Garheng Kong to join Everlywell BOD.
Quali, Israel-based with North America HQ in Austin, CEO Lior Koriat, $54M.
Bold Innovation Group Ltd AKA Bold Commerce, Toronto-Based, is adding Austin-Based COO with plans to add “dozens” in Austin, $27M Series B.
College Consortium rebranded as Acadeum, Enable Online College Curiculum-Sharing, CEO Joshua Pierce, $4M equity funding.
Slice of Sauce, Sliced Condiments-Vegan “slightly dehydrated condiments in slice form”, Emily and Cole Williams, $200K.
Loop, Insurance Technology Software, Founders John Henry and Carey Ann Nadeau $3.25M.
83bar, Clinical Trial Patient Management Platform, Founder and CEO Bob Baurys, New investment undisclosed amount.
Darwin Homes, “a platform that uses AI and local property managers to help make it easier for single-family property investors and owners to make repairs, secure and vet leases, collect rent and provide detailed reporting.”, Founders CEO Ryan Broderick and COO Zachary Kinloch, $15M Series A. Backers included Tony Xu, CEO Door Dash and former Uber CEO Ryan Graves.
Literati Inc, Book Club and Subscription, $55M.
SamCart Inc, Online Marketplace “directly to consumers from a [businesses own] landing page”, CEO and Co-Found Brian Moran, moved company from Maryland to Austin, $10M Series A.
Removery, Tatoo Removal Shops, CEO Tom Weber, $50M.
QSAM Biosciences, Biotech-Nuclear Medicines for Cancer Treatment, “moved its headquarters from Palm Beach to Austin”, CEO Douglas R. Baum, $2.5M Series B.
M&A and IPOs
Khoros, Customer Engagement, acquired TopBox, Customer Service Analytic Software, and Flow.ai, makers of “..conversational AI platforms to manage chatbots." Financials undisclosed.
FlashParking, merged with Arrive with hopes to create an “’operating system for the new way to manage mobility.”
Yonomi, Smart Device Integration, was acquired by Allegion “which operates about 24 security brands, including biometrics and mechanical locks.
Francisco Partners acquired “Austin cybersecurity company Forcepoint” and Manny Rivelo will serve as the new CEO.
Planview, Work and Portfolio Management Company, to acquire Clarizen and Changepoint. No financial details provided.
Bumble, Inc, Online Dating App focused on having women controlling initial encounters, initiated path to IPO with, according to “Bloomberg”, a $6-$8B valuation.
Upland Software acquired Second Street Media, an audience engagement software startup, for $25.4M case and holdback of $5M. Uplands plans on the deal “to help it generate $9.4M in additional annual revenue.”
Social Solutions Global Inc. acquired Canada-based Athena Software. Both firms “make software for the nonprofit and social services sector.”