Austin Weekly Deal Highlights(12-2-18)

Austin Weekly Deal Highlights

Austin Weekly Deal Highlights for December 02, 2018

From: “Mason Rathe” <[email protected]>
Sent: Monday, 03 December 2018 01:32
To: [email protected]
Subject:Austin Weekly Deal Highlights 12-2-18

Austin Weekly Deal Highlights

By Mason Rathe – December 2, 2018

Subscribe to this Newsletter

Tough loss for the University of Texas in the Big 12 Championship yesterday, but Sugar Bowl here we come! In my opinion, yesterday’s loss was a result of….o right, this newsletter is supposed to be about Austin tech activity…well here you go! This week, we saw HNI Healthcare, which helps hospitals integrate physician-friendly technologies and elevate patient outcomes, raise a hefty $65M from CRG. Also, a couple regional startups pulled together significant rounds.

Austin Financing Activity

  • HNI Healthcare, a physician practice management platform, received a $65M commitment from CRG. The investment follows HNI’s $25M acquisition of Martin Healthcare Group earlier this month, and 10 months after HNI raised a $32.6M Series E round led by Bison Capital Asset Management and Austin-based Spindletop Capital. The company has raised approx. $130M to date.
  • Flightpath Finance, a financial modeling platform for small to mid-sized technology companies, raised a $515k seed round led by San Antonio-based Active Capital. Alamo Angels and Bill Boebel also participated in the round.
  • Timebomb, a mobile messaging application created to send messages that unlock in the future, raised $495k from seven undisclosed investors. The company had previously raised approx. $1.6M.

Austin M&A Activity

  • Personify, an engagement platform for nonprofits, associations and other groups, acquired a2Z, an events management platform operating out of Baltimore, for an undisclosed amount. The move comes after Personify was sold by Rubicon Technology Partners to Pamilco Capital for an undisclosed sum.
  • TeacherTalent, the lead generation solution for recruiting for K-12 schools, was acquired by EBQuickstart, an Austin-based contract sales and marketing company, for an undisclosed sum, and reorganized the startup as a wholly-owned subsidiary of a new parent company: QualityPPL. The company grew its monthly recurring revenue from $2.5k to just shy of $200k in about 60 days, and was most recently in the Sputnik Accelerator Program.
  • E2open, an Austin supply chain software company, completed its acquisition of INTTRA, an ocean shipping logistics platform, for an undisclosed amount. E2open was acquired by Insight Venture Partners through a public-to-private LBO for $273M in 2015.

Other Regional Deal Activity

  • Essentium, a College Station-based 3D printing system that uses thermal welding technology, bridging the gap between 3D printing and machining, raised a $24M Series A led by BASF Venture Capital
  • ModoPayments, a Plano-based payments utility that works with banks, networks, payments processors, and their partners to enable interoperability between systems, raised a $13M Series A from Deutsche Bank and other undisclosed investors. The company has raised over $16M to date.
  • Neighborhood Goods, a Dallas-based immersive retail and social alternative to the department store, raised an additional $8M, just a few months after raising a $5.75M seed round led by Forerunner Ventures, who was joined by investors including Maveron, CAA Ventures, Global Founders Capital, and NextGen Venture Partners.
  • Austin-based Vista Equity Partners agreed to make a majority investment in Wrike, a San Jose, Calif.-based collaborative work management platform for high-performance teams. Financial terms weren’t disclosed.
  • Marlin Equity Partners acquired SimplyWell Inc, a Dallas-based provider of health management solutions focused on helping companies improve and simplify the well-being of their employees. Financial terms weren’t disclosed.

Austin People

  • Telestax, a real time communications platform-as-a-service, named Paul Doscher as CEO. Before joining Telestax, Doscher spent over 25 years in executive roles for noteworthy software companies including Oracle, Business Objects, JasperSoft and Lucidworks. Telextax has raised over $5M to date from investors including LiveOak Venture Partners.
  • Hangar, an end to end drone software platform, appointed Scott Lumish as its new CEO. Lumish was previously VP of business and corporate development for DroneDeploy in San Francisco. Lumish replaces co-founder Jeffrey DeCoux. Hangar has raised approx. $12.5M from investors including Interloch Partners and Lux Capital.
  • Mood Media, providing solutions focused on in-store music, art and design, hired Stephen Duggan as CFO. Duggan most recently was worldwide general manager of global business services at media giant Viacom. Mood Media’s current CFO, Tom Garrett, will stay on during a transition period in Q1 2019. Mood Media was acquired by Apollo Global Management for $480M in 2017.
  • AgileAssets, an Austin transportation management software company, appointed Sai Machavarapu as VP of engineering. Before this, he was an engineering leader at Deloitte, D&B Hoovers and Accruent.
  • Wondercide, a natural pet products company, is searching for a Director of Ecommerce Technology, Senior Designer, and Digital Media Manager (PPC, SEO, SEM)

Austin News

Upcoming Events

Thank you!
Mason Rathe
Twitter: @mason_rathe

LiveOak Venture Partners

Think you might be a fit for LiveOak, if I missed a deal, or have feedback, you can reach me at [email protected] If your company is recruiting for a senior level position, happy to include a shout-out.

View on Web | Subscribe to this Newsletter
You can update your preferences or unsubscribe from this list.
This email was sent to [email protected]
why did I get this? unsubscribe from this list update subscription preferences
Austin Weekly Deal Highlights · Austin, Texas · Austin, TEXAS 78731 · USA