Eterneva Lands $10 Million to Help People Grieve by Making Diamonds From Cremated Ashes

The Covid-19 Pandemic has killed more than 611,000 people in the United States including 53,000 in Texas. In many cases, during the last year, families were not able to gather for in-person funerals to celebrate the lives of their deceased relatives because of lockdowns and restrictions around the Pandemic. Some of those families turned to […]

From Coffee to Computers, Trade Ties Between Texas and Panama are Strong

The Texas and Panama story continues to evolve, said Juan B. Sosa, U.S. president of the Panama Council. “It’s a new era of trade, investment, and cooperation,” Sosa said during the Panama-Texas Business Summit on Monday at the Hotel Marriott Downtown. It’s one of the first in-person international summits to be held since the COVID-19 […]

Capstar Ventures Raises $41.3 Million Inaugural Fund to Invest in Innovative Consumer Companies

Capstar Ventures L.P., an early-stage venture capital firm, announced last week that it has closed on its $41.3 million inaugural fund. The Austin-based VC firm founded by Kathryn Cavanaugh in 2019, invests nationwide in innovative consumer companies. Capstar raised the fund from individuals, family offices, and institutions including Capital Creek Partners, Tiger Partners L.P., and […]

Package Delivery Service Fetch Lands $50 Million to Expand to New Markets

Fetch, a last-mile package delivery service aimed at apartment dwellers, announced last week it has closed on $50 million in funding. Ocelot Capital led the Series C round of funding along with Greenpoint Partners, Alpaca VC, and Rose Park Advisors. Existing investors Iron Gate Capital, Signal Peak Ventures, Venn Ventures, Pando Ventures, and Seamless also […]

REE Automotive Picks Austin for its U.S. Headquarters

REE Automotive has chosen Austin for its U.S. headquarters. The Israel-based automotive company is establishing its first center for the assembly and testing of its electric vehicle platforms in Austin. The center is expected to create 150 jobs. The company is exploring collaborations with Koch Industries companies to establish the center. Koch Strategic Platforms, a […]

Austin’s CS Disco Becomes a Public Company Valued at $2.4 Billion

CS Disco became a public company last week debuting on the New York stock exchange under the stock symbol LAW. The Austin-based legal tech company offered its stock at $32 a share and raised $224 million from its Initial Public Offering. And when the stock began trading on Wednesday it “opened at $42.26 and closed […]

From a Cold Email to an IPO: DISCO, a Story of Domain Strength, Grit, Collaboration, and Serendipity

By Krishna Srinivasan, Chairman of the Board, DISCO and co-Founding Partner, LiveOak Venture Partners In October 2013, we received a cold email – it had all the elements on first glance that begged to be ignored.  The email came from a person named “CeCe” who talked about a founder called “Kiwi” and a company called “DISCO” […]

Bright Machines Expands to Austin with new Regional Office and Robotics Lab

Bright Machines announced plans to open a new regional office and lab in Austin. The company, based in San Francisco, is not moving to Austin. Instead, it is opening a new San Francisco headquarters in August. Bright Machines is opening a customer support center and robotics lab in Austin. “The new locations signal a continued […]

Austin-based Bandit Acquired by GoPuff

GoPuff, a Philadelphia-based snack, and beverage delivery company, has acquired Austin-based Bandit, the App-only coffee shop founded by early Uber employee Max Crowley. Bandit, founded in 2019, relocated its headquarters from New York to Austin in September of 2020 because it offered the startup an opportunity to experiment with curbside and drive-through technology in a […]

LitLingo Raises $7.5 Million for its AI-Powered Business Communications Platform

LitLingo, which makes specialized software that allows businesses to monitor and correct real-time communications, announced that it has raised $7.5 million. Breyer Capital led the Series A round of funding with participation from former IBM CEO Sam Palmisano and existing investors LiveOak Venture Partners, Clarke Nobiletti and James Marsico. To date, LitLingo has raised $9.5 […]