From: Mason Rathe
Sent: Sun, 11 Feb 2024 19:15:16 +0000
To: [email protected]
Subject: Austin Weekly Deal Highlights – Feb 11th, 2024
Sent: Sun, 11 Feb 2024 19:15:16 +0000
To: [email protected]
Subject: Austin Weekly Deal Highlights – Feb 11th, 2024
Austin Weekly Deal Highlights
February 11th, 2024
Alright folks, back by popular demand, another week of juicy Austin Deal Highlights hosted by yours truly! I have some exciting deal news of my own regarding the future state of this newsletter, but you will have to wait just a tad bit longer for the news to break! Just know, if you want timely, consistent, and reliable updates on the tech community for the Austin, Houston, Dallas and overall Texas market – this will always be your go to spot!
So where were we. That’s right, fresh off a stellar Q4 where Austin saw over $1.12B in VC funding, representing a 10% increase year over year, we continue to hit stride in 2024. In January, Harbor Health set the high water mark early with a massive $95.5M venture round, only to be topped this week by my friends at NinjaOne who pulled in a colossal $231.1M Series C. We also have a number of blockbusting headlines including a couple from my alma mater LiveOak Venture Partners. 2024 continues to punch, check out all the highlights below!
Austin Weekly Deal Activity
- NinjaOne, a leading IT platform for endpoint management, security, and visibility, raised a $231.5M Series C funding round led by ICONIQ Growth, valuing the company at $1.9B. The company has raised $262M to date.
- Closinglock, a fintech and fraud prevention technology provider for the real estate industry, raised a $12M Series A led by Headline with participation from LiveOak Ventures, RWT Horizons and GTMfund. The company previous raised a $4M seed round led by LiveOak in August 2022.
- Mesh, the modern provider of real-time professional license verification trusted by leading marketplaces, raised a $5.7M seed round led by Greycroft, and announced the launch of its Multi-Factor Business Identity solution for marketplaces, ecommerce, and vendor & contractor compliance. The company is co-founded by ex-Amazon executives, Diego Asenjo (CEO) and Tony Bryan (CTO).
- Perigon, a data infrastructure company pioneering contextual intelligence for the web, transforming vast amounts of dynamic information and breaking news into valuable insights, closed a $5M seed round led by LiveOak Venture Partners.
- Subscribili, a subscription-based healthcare platform, has secured $4.3M in seed funding led by Darby Group Companies. The company aims to simplify the process of accessing dental care.
- Time To Pet, a provider of pet sitting software, was acquired by DaySmart Software, for an undisclosed amount. Time to Pet has less than 50 employees per LinkedIn, whereas DaySmart has 187.
Other Texas Deal Activity
- Procyrion, a Houston-based company enrolling patients for its heart pump is the latest medical device technology, raised a $57.7M Series E round, its first new funding round since a $30 million Series D in 2019. Fannin Partners led the round with participation from undisclosed new family investors as well as returning investors such as Palo Alto, California-based Bluebird Ventures.
- Dallas-based Userflow, a no-code user onboarding product for SaaS companies, has been acquired by Beamer, a maker of product user engagement software, was acquired for $60M. Userflow is profitable and growing, with over $4.6 million in ARR, 700+ customers, and just three employees with no outside funding.
- Dallas based private equity firm Trinity Hunt Partners announced the closing of the Trinity Hunt Partners VII fund, which raised an oversubscribed $700 million in capital. Founded in 1993, the firm typically invests between $15 million and $50 million in companies with between $4 million to $25 million of EBITDA.
- EasyExpunctions, a San Antonio-based software company that makes it easy and affordable to clear your arrest record, raised a $3.5M round.
- Euphree, a Houston-based manufacturer of high quality electric bikes, raised a $2.5M seed round led by undisclosed investors. The company has raised approx. $12M to date.
Austin News
- These Austin Tech Companies Secured January’s Highest Funding Rounds
- Austin takes top spot as ‘best-performing’ US city, due to its rapid growth in job, wages, and high tech.
- Business titan John Paul DeJoria (Paul Mitchell hair products and The Patron Spirits Company) launched Austin-based Vendidit, a software platform positioned to revolutionize the $800B secondary market for retail returns.
- Colossal Bioscience, the startup bringing the woolly mammoth and other extinct species back to life, announced it has hired Emily Castel as its new Chief Marketing Officer. Castel previously served as chief marketing officer, president, and brand officer of Teton Ridge, an omnichannel entertainment company. Colossal has raised approx. $236M to date.
- CharterUP—an integrated charter bus marketplace for corporations, consumers, and operators—has appointed Denis Scott as its new chief marketing officer. Scott has more than two decades of marketing experience, including several leadership roles at Lyft, OpenTable, and SurveyMonkey. The company raised $60M from PE firm Tritium Partners in October 2022.
- US Farathane, a vehicle parts manufacturer with Tesla ties, grabs industrial space north of Austin, plans hiring spree.
- CFAN, an aerospace manufacturer south of Austin, is eyeing $40M expansion
Thank you!
