Serial Entrepreneur Tim Heyl Sees Massive Growth as Homeward Expands Nationwide

Tim Heyl, founder of Homeward, drew inspiration to become an entrepreneur from his father. His dad was fired for moonlighting around the time Tim was born. His dad launched a book-on-tape kiosk rental business that became a video store. When his employer found out they fired him. Tim’s dad went on to create a chain […]

SXSW Pitch Competition to Feature Four Austin-based Companies as Finalists

South by Southwest’s Pitch Competition showcases some of the world’s most innovative companies. SXSW this week announced the 45 finalists in nine categories featuring four Austin-based startups. The Austin-based startups are Mod Tech Labs in the artificial intelligence, robotics, and voice category, Nephrodite in the health, wearables, and well-being category, Kiro in the smart cities, […]

Austin’s Radical Girl Gang Plans to Shutter Operations

Radical Girl Gang, an Austin-e-commerce marketplace for women-owned brands, is shutting down after failing to raise funding. Most recently, Radical Girl Gang launched a $350,000 crowdfunding campaign on the Republic platform. The Austin Business Journal first wrote about Radical Girl Gang’s shutdown. “It pains me to share that after two incredible years spearheading the movement […]

Austin’s Geothermix Gets $2.5 Million DOE Grant to Produce Geothermal Energy from old Oil and Gas Wells

Austin-based Geothermix received a $2.5 million grant from the U.S. Department of Energy to establish new geothermal energy and heat production from abandoned oil and gas wells. The company is among four projects selected by the U.S. Department of Energy to receive a total of $8.4 million. The Department of Energy’s focus is to partner […]

Cybersecurity Firm Infocyte Sold to Datto Holding Corp.

Infocyte, a cybersecurity software company started in San Antonio by two U.S. Air Force veterans, has been acquired by Datto Holding Corp. Datto, a cybersecurity and data backup company based in Norwalk, Connecticut, did not disclose the purchase price. Infocyte, founded in San Antonio in 2013, moved to Austin in 2018. Chris Gerritz and Ryan […]

Wheel Raises $150 Million to Expand its Virtual Health Care Platform and Network

Wheel, an Austin-based health tech startup, this week announced it has raised $150 million in funding. Lightspeed Venture Partners and Tiger Global co-led the Series  C round. New investors included Coatue and Salesforce Ventures along with existing investors CRV, Tusk Venture Partners, and Silverton Partners. To date, Wheel, founded in 2018, has raised $216 million, […]

Austin Companies Raised a Record-Breaking $4.9 Billion in Venture Capital in 2021

The year 2021 marks the year of the biggest funding deals for Austin startups since Silicon Hills News began covering the market in 2011. Austin had several big funding deals worth more than $100 million. In fact, all the top ten deals for Austin in 2021 were worth $100 million or more. The pandemic might […]

Austin’s The Helper Bees Raises $12.8 Million in Funding

The Helper Bees announced Thursday that it has raised $12.8 million in funding to help elderly people stay in their homes as they get older. Trust Ventures led the Series B round with participation from Silverton Partners, Northwestern Mutual Future Ventures, Impact Engine, and Congress Avenue Ventures. The Helper Bees has seen its revenue increase […]

Virgin Atlantic Announces Direct Flights from Austin to London

Virgin Atlantic announced plans Monday to begin offering direct flights to Austin. “Austin, you’ve got the  #greenlight  to travel in style to the UK from May 25th as I am THRILLED to announce that Virgin Atlantic will be launching services from Austin to London,” Simon Hawkins, head of Virgin Atlantic North America, posted to LinkedIn. “I’m personally […]

Polish Delegation Visits Austin to Promote Organic Food Trade

In a sign the economy is starting to open again after the COVID-19 Pandemic, a delegation from Poland visited Austin this week. The group held a special luncheon at The Driskill Hotel on Thursday to showcase organic polish food exports. Those in attendance included members of the Austin Chamber of Commerce, The Polish Investment and […]