Under Armour Acquires MapMyFitness

Under Armour announced Thursday it has acquired Austin-based MapMyFitness for $150 million. The deal is expected to close by the end of the year. The acquisition gives Under Armour, based in Baltimore, more digital products and solutions to help athletes train and perform. MapMyFitness’ 100 employees will remain in Austin. The company has more than […]

HomeAway Buys a Stake in Bookabach of New Zealand

Austin-based HomeAway just increased its presence in Asia with the acquisition of Bookabach Limited, a New Zealand-based vacation rental site. The world’s largest online marketplace for vacation rentals announced Wednesday that is has secured a 55 percent stake in Bookabach which has more than 8,000 property listings in New Zealand, Australia and the Pacific islands. […]

CTAN is the Most Active Angel Group Nationwide

Texas had 11 percent of all angel group deals in the second quarter of this year, according to the latest Halo Report. The deals, with a median investment round of $590,000, had pre-money valuations of $2.5 million. And 74 percent of the deals were syndicated. “When angels co-invest with other types of investors the media […]

Hurt+Harbach Shuts Down

Last month, a new seed-stage venture capital firm, Hurt+Harbach launched. This month, it shut down. Brett Hurt, co-founder of Bazaarvoice and formerly with Austin Ventures, and Jeff Harbach, former executive director of the Central Texas Angel Network, formed the firm aimed at launching more tech companies in Austin. Harbach and Hurt made the announcement to […]

Revionics Moves to Austin, Plans to Quadruple in Size

Revionics, which sells retail software as a service, known as SaaS, online, plans to move its headquarters to Austin. The company, which is relocating from Roseville, Calif., plans to expand its marketing, sales and training operations and plans to hire hundreds of new employees. It reports plans to quadruple in size. Revionics currently has less […]

Snapshots from Austin Startup Crawl 2013

The Austin Startup Crawl, also known as ATX Startup Crawl, took place Thursday night showcasing more than 70 startups. And it was the largest startup crawl ever with more than 5,000 people registered to attend. The crawl kicked off at 5 p.m. with shuttles that ran until 10 p.m. to various venues scattered throughout downtown […]

VCs and Founders Give Advice on Funding a Startup

By LAURA LOREK Founder of Silicon Hills News Funded companies, which are performing well, get nice offices and free lunches for their employees, said Mike Dodd, partner with Austin Ventures. Mass Relevance is one of its portfolio companies performing quite well. And on Wednesday, the company hosted a panel discussion about successfully raising capital for […]

SXSW Eco 2013 Award Winners

South by Southwest Eco this week put the spotlight on the enormous problems facing our planet. It also showcased innovative entrepreneurs and individuals working to solve those problems and conserve natural resources. On Tuesday night, SXSW Eco gave awards to two videos that highlight ways people can make a difference in helping our planet in […]

Startups: What Kind of Entity Should You Form?

By SUSAN LAHEY Reporter with Silicon Hills News For most startups there are two ways to go in deciding what kind of business entity you should form: A limited liability company, or a Delaware Corporation, according to David Valenti, a partner with Reed & Scardino. Valenti gave a presentation Tuesday on “What Kind of Entity […]

Battle of the Bands and Made in Austin at Austin Startup Week

By LAURA LOREK Founder of Silicon Hills News For the second year in a row, Eric Bandholz travelled from Spokane, Washington to attend Austin Startup Week. “I lived here in 2003 and 2004 and I’ve been waiting for past ten years to get back here,” Bandholz said. His favorite events during Austin Startup Week include […]