CTAN Members Invest $14.2 Million in 43 Companies in 2016

The Central Texas Angel Network reported its members invested $14.2 million into 43 companies in 2016. CTAN members made 15 new investments and 28 follow on investments into existing portfolio companies. That compares to $13.3 million invested in 43 companies in 2015. The nonprofit organization also saw a 40 percent increase in 2016 in the […]

Austin-Based LeanDNA Lands $4.5 Million in VC Funding

Austin-based LeanDNA, a data and analytics platform for factories, on Monday announced it closed on a $4.5 million round of funding. Austin-based Next Coast Ventures led the Series A round. LeanDNA received a seed stage investment from Rony Kahan, co-founder of Indeed. LeanDNA, founded in 2011, plans to use the funding to expand sales, marketing, […]

Hulu to Open a $13 Million Center in San Antonio with 500 Jobs

Hulu, the online video streaming platform, announced Thursday plans to open a new customer support center in San Antonio and invest $13 million in the project. The Santa Monica, Calif.-based company plans to bring more than 300 jobs to San Antonio this year and plans to expand to more than 500 jobs in 2018, according […]

Serial Entrepreneur and Next Coast Ventures Partner Zeynep Young Gives Tips on How to Succeed as an Entrepreneur

Zeynep Young is a serial entrepreneur who just became a venture capital partner with Next Coast Ventures. In this Ideas to Invoices podcast, Young discusses what it takes to succeed as an entrepreneur and what she looks for when making an investment. Previously, Young founded and served as CEO of Double Line Partners, an educational […]

Austin-based ClearDATA Raises $12 Million in VC Funding

Austin-based ClearDATA announced Thursday that it has raised $12 million in venture capital funding. The company plans to use the funds to expand its healthcare-exclusive, HIPAA-compliant cloud. Investors include Merck Global Health Innovation Fund, Norwest Venture Partners, Excel Venture Management, Heritage Group, HLM Venture Partners, and Flare Capital Partners. Previously, ClearDATA raised $25 million. “ClearDATA […]

TaskUs Expands to San Antonio and Plans to Hire 500 Employees

TaskUs, based in Santa Monica, Calif., announced plans to expand its San Antonio office to accommodate up to 500 employees. The company, which provides outsourced customer service jobs for companies, has leased two floors or 32,000 square feet in the Finesilver Building, an old uniform factory. The company has 60 employees in San Antonio right […]

AMD Acquires Austin-based Nitero

AMD, based in Sunnyvale, Calif., announced this week it has acquired Austin-based Nitero, which makes chips to stream virtual reality and augmented reality content to wireless headsets. The financial terms of the deal were not disclosed. Nitero, founded in 2009, had raised $4.71 million in two rounds from two investors, according to its Crunchbase profile. […]

San Antonio-based Harland Clarke Acquires RetailMeNot for $630 million

San Antonio-based Harland Clarke announced Monday it has acquired RetailMeNot for $11.60 per share or approximately $630 million. Harland Clarke, a payment solutions and marketing services company, is a wholly owned subsidiary of MacAndrews & Forbes Inc., which is owned by Chairman and Chief Executive Officer Ronald O. Perelman, a billionaire. In 2013, Harland Clarke […]

Michele Skelding Joins SkylesBayne as President and CEO

Michele Skelding is joining Austin-based real estate firm SkylesBayne as president and chief executive officer. Skelding, who resigned in December from her role as senior vice president of global technology and innovation at the Greater Austin Chamber of Commerce, will lead SkylesBayne, a commercial real estate firm specializing in office, industrial and medical tenant representation. […]

Galvanize Austin’s Mission is to Change Lives

By LAURA LOREK Publisher and Reporter with Silicon Hills News At Galvanize Austin’s one year anniversary party on Friday, Jim Deters, the company’s CEO and founder, lauded the company’s accomplishments and how it has changed lives. “The way you change the world is you democratize access for entrepreneurs to have employable skill sets,” Deters said. […]