Austin-based DISCO Raises $83 Million

DISCO, which makes software for the legal industry, announced Thursday that it has raised $83 million in additional funding. The startup, which moved to Austin in August of last year from Houston, has raised $135 million to date. Georgian Partners, based in Toronto, led the latest round with participation from Bessemer Venture Partners, LiveOak Venture Partners, The […]

Cision Acquires Austin-based TrendKite for $225 Million

Chicago-based Cision announced Wednesday that it has acquired Austin-based TrendKite for $225 million. Cision, a public relations software and services provider, paid $94 million in cash and approximately 10.2 million shares of Cision for TrendKite. “The addition of TrendKite’s award-winning application platform, known for its innovation and dynamic user experience, gives our customers additional ways […]

Techstars Announces its Austin 2019 Cohort

Techstars is one of Austin’s oldest and most recognized accelerator programs. This week, Amos Schwartzfarb, its managing director, kicked off the 2019 program with 10 new startups. The companies come from Los Angeles, Chattanooga, TN, Toronto, Canada, Houston, TX, and Austin. The three month long program culminates with Demo Day on April 10th. Here are […]

Evonik of Germany Buys Austin-Based Structured Polymers

Evonik, a German company, has acquired Austin-based Structured Polymers, a startup focused on 3D printing. The terms of the deal were not disclosed. Structured Polymers, founded in 2012, raised $1.5 million from Microventures and holds three patents in the working of plastics category, according to CrunchBase. In addition, in the fall of 2017, Evonik made […]

Dosh Raises $40 Million in Additional Funding

Dosh, an Austin-based startup disrupting the advertising industry, on Tuesday announced it has closed on a $40 million round of funding. The funding includes $20 million in equity and $20 million in venture debt. Goodwater Capital and Western Technology Investment led the Series B round, with participation from investors ┬áPayPal, BAM Capital and Anthem Venture […]

ScaleFactor Lands $30 Million in VC Funding

Austin-based ScaleFactor, an intelligent finance, and automated accounting platform, announced recently it has closed on $30 million in funding. Bessemer Venture Partners led ScaleFactor’s Series B round of funding. ScaleFactor has raised $53 million to date, according to Crunchbase. Other investors in the latest round include Canaan, Broadhaven Ventures, Firebrand Ventures, and multiple prominent angel […]

Austin’s 2018 VC Funding Hits Records Levels not Seen Since 2000

By LAURA LOREK, Publisher of Silicon Hills News Venture capital investments in Austin soared to $1.33 billion in 2018, the highest on record since the dot-com boom in 2000, according to the latest MoneyTree Report from PwC and CB Insights. Venture capital investments in Austin rose 70 percent in 2018, from $783.4 million in total […]

Outdoorsy Raises $50 Million

Ever wanted to rent an RV from a neighbor? Well, Outdoorsy, based in Austin, just raised another $50 million to make that transaction a reality. Greenspring Associates led the latest round of funding with participation from Aviva Ventures, Altos Ventures, Autotech Ventures and Tandem Capital. “We are interested in marketplace technology companies that challenge the […]

Drillinginfo Buys MineralSoft

Drillinginfo, an energy software and data analytics company, has acquired Austin-based MineralSoft. The terms of the deal were not disclosed. MineralSoft, which graduated from the Y Combinator accelerator program in 2016, had raised $9.2 million in funding to date, according to Crunchbase. Its investors included Cottonwood Venture Partners, Blue Bear Capital, and Y Combinator. Drillinginfo, […]

SXSW Announces Additional Speakers

South by Southwest Conference and Festivals, which is less than two months away, released its latest lineup of keynote and featured speakers Tuesday. The keynote speakers include Endeavor Chief Marketing Officer Bozoma Saint John, director, actress, producer and activist Olivia Wilde, and Instagram Co-Founder Mike Krieger joins Instagram Co-Founder Kevin Systrom in a talk moderated […]