Bumble’s Stock Soars on its First Day of Trading

Bumble, the Austin-based dating and networking app, raised $2.2 billion on Thursday when its stock debuted on the Nasdaq stock exchange at $43 a share. The stock, traded under the symbol BMBL, soared nearly 64 percent on its first day of trading to close at $70.31. Bumble’s Initial Public Offering also made its founder and […]

Techstars Austin Selects 10 Startups for its 2021 Program

Techstars Austin has selected ten startups to participate in its 2021 accelerator program which kicked off this month. The companies include BallBox, Enlightapp, Fêtefully, hampr, Kousso, Livo, Mowies, Nutritional Freedom, SocialMama and Talk Howdy. The program began on Jan. 11th and will end on Demo Day scheduled for March 24th as a virtual event. “As […]

SKU Selects Seven Startups for its 9th Cohort in Austin

 SKU, an Austin-based consumer packaged goods accelerator, announced it has picked seven companies to participate in its ninth cohort. SKU selected the companies based on their innovative products, market traction, and founders’ passion. The Track 9 companies are Agua Bonita,  American Provenance, BeeFree Gluten Free, Green Girl Bakeshop, Macro Snacks, Shaz & Kiks, and Waka […]

Austin-based Bumble Files to Go Public

Austin-based Bumble, the networking and dating app founded by Whitney Wolfe Herd in 2014, has filed to go public. The company filed its initial public offering documents with the Securities and Exchange Commission on Friday. It did not provide details on the price of its stock, which will be traded under the symbol BMBL on […]

Digital Realty Moves Headquarters from San Francisco to Austin

Digital Realty, a company that operates data centers worldwide, announced plans Thursday to relocate its corporate headquarters from San Francisco to Austin. It is the latest company to pull up stakes and move operations from California to Texas. Among them, Oracle announced last month that it plans to move its headquarters to Austin. And Hewlett […]

DivInc Announces Nominees for its Third Annual Champions of Change Awards in Austin

DivInc, the nonprofit accelerator focused on fostering diverse startups, has announced the finalists for its third annual Champions of Change Awards. The virtual event will take place online on March 4th. DivInc’s 2021 event has a goal to raise $100,000 for its “2021 Social Justice Innovation Program which supports social justice innovators addressing inequities and […]

Joe Lonsdale Wants to Build a new Tech City Near Austin and a Tunnel Transportation System to Develop an Even Bigger Tech Hub

An experimental Beta City on the outskirts of Austin with transportation tunnels, autonomous vehicles, robots, flying drones, smart buildings, and all the latest technology applications. That’s the vision of Joe Lonsdale, an entrepreneur, investor, and philanthropist, who recently moved 8VC, an investment firm, and The Cicero Institute, a public policy think tank, to Austin. He […]

Hypergiant Adds High-Profile Executive Abidali Neemuchwala to its Advisory Board

Hypergiant, based in Austin, has brought on board Abidali Neemuchwala, former Wipro CEO, to its executive advisory board. The addition Neemuchwala, who oversaw $8 billion in revenue and 185,000 at Wipro, is a “vital step in growing Hypergiant into a $1 billion business, according to Ben Lamm, the company’s Co-Founder, and CEO. “I’ve been so […]

Aceable Receives $50 Million in Funding

Aceable, based in Austin, announced last week that it has closed $50 million in funding. Private equity firm HGGC, based in Palo Alto, led the investment. Aceable, founded in 2012, as an online driver’s education site, has since it expanded its offering to provide other state-accredited courses on its digital learning platform. So far, Aceable […]

LiveOak Venture Partners’ Second Annual Giving Program Raises $200,000 for Local Nonprofits

A year ago, LiveOak Venture Partners launched a giving program to support Austin-area nonprofit organizations. The LiveOak Gives Program raised $174,000 for charities in 2019. “We’ve all been active, as partners in contributing back, whether it’s monetarily or non-monetarily,” said Venu Shamapant, co-founder and partner in LiveOak Venture Partners. Krishna Srinivasan, co-founder and general of […]