From: Mason Rathe [email protected]
Sent: 14.08.2023 01:45:07 (+02:00)
To: [email protected]
Subject: Austin Weekly Deal Highlights – August 13, 2023
Sent: 14.08.2023 01:45:07 (+02:00)
To: [email protected]
Subject: Austin Weekly Deal Highlights – August 13, 2023
Austin Weekly Deal Highlights
August 13th, 2023
Now we’re cooking! And I’m talking about deal flow, not the ability to fry an egg on my driveway… Over $85M in VC funding this week! I know we were once all too familiar with a feat like this, but it’s not 2021 anymore, so let’s take the W! Plus, here’s Forbes 30 Under 30 for Austin, to help ensure we keep the dice rolling. And for context on our bright spot of fundraising locally, here’s a look at how startup valuations fared in Q2 across the country – spoiler alert, we’re still in a correction.
Laura Rathe Fine Art, with gallery locations in Houston and Dallas, represents a dynamic roster of established, mid-career contemporary artists in a variety of mediums. Officially opening in Austin, Texas in December 2023!
Austin Deal Activity
- One Model, a provider of HR analytics software, raised $41m led by Riverwood Capital. The company raised has raised approx. $58M to date from investors including Geekdom Fund, AV8 Ventures and QIC.
- Osano, a data privacy management startup, raised $25m in Series B funding. Baird Capital led, and was joined by Jump Capital, LiveOak, NextCoast and TDF. The company has raised approx. $44M to date.
- Flueid, a company using data and intelligence to accelerate the Verification of Title (VOT) across the real estate life cycle, raised $12.5M, which includes a $10M Series B1 raise and $2.5M in debt financing from Eastward Capital Partners. The B1 round was led by Aquiline Technology Growth (ATG) and included participation from Commerce Ventures, both of which contributed to its Series A and Series B. It adds to its $20M raise announced in October 2022.
- Flo Recruit, legal recruitment software unlocking data-driven strategy for law firms, announced that it has closed an oversubscribed $4.2M seed round led by LiveOak Venture Partners and Moneta Ventures with participation from Tau Ventures and Alumni Ventures.
- Homemade, a real estate flipping platform raised $4m seed round led by Signia Venture Partners. Shrug Capital, Night Ventures and Kyber Knight Capital also participated in the round.
- Accelsius, a company developing thermal technology to cool data centers, raised $2m of venture funding in the form of convertible notes from undisclosed investors. The company has raised approx. $8M to date.
- SnapAds, a local community marketing platform, raised $1.2M of pre-seed funding led by User Friendly Holdings.
- Wrap Technologies acquired Intrensic, an Austin-based digital evidence management and body worn cameras company. Financial terms were not disclosed.
Thank you!
