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 […]

Active Capital Raises Second Fund Worth $25 Million

Active Capital recently announced it has closed on its second fund worth $25 million. A year ago, the San Antonio-based venture capital firm raised a $21.5 million fund. Both funds are focused on providing seed-stage capital to business to business software as a service companies, known as B2B SaaS companies located outside of Silicon Valley, […]

Uhnder Raises $45 Million for Digital Radar Technology

Uhnder, a digital automotive chip maker, announced recently that it has raised $45 million in additional funding. The Austin-based startup has raised more than $145 million in funding to date. Its latest round was led by its newest customer and partner Sensata Technologies. It also included participation by new and existing investors. Sensate plans to […]

Self Financial Raises $40 Million in Funding

Self Financial announced it has closed on $40 million in additional financing. The Austin-based fintech startup has raised $77 million to date, including $20 million raised in February. Meritech Capital led the latest round with participation from existing investors including Altos Ventures, Conductive Ventures and Silverton Partners. Despite the Pandemic, Self has seen its customer […]

DISCO Raises $40 Million More in Debt Financing

DISCO, the legal tech startup, announced Thursday that it has raised an additional $40 million in debt financing from Comerica. In October, Austin-based DISCO announced it had raised $60 million in equity funding. In total, the company raised $100 million during the fourth quarter, bringing its total funding raised to date to $235 million. That […]

Oracle Moves its Headquarters from Silicon Valley to Austin, Texas

Oracle is moving its headquarters from Silicon Valley to Austin, Texas. “We recently announced that Oracle is implementing a more flexible employee work location policy and has changed its Corporate Headquarters from Redwood Shores, California to Austin, Texas,” according to a statement from the company. “We believe these moves best position Oracle for growth and […]

The Austin-San Antonio Corridor Could Become one of the World’s Top 10 Tech Regions, says Lanham Napier, CEO of BuildGroup

Lanham Napier led Rackspace as CEO for 13 years. Under his leadership, the company grew from $1.5 million in revenue to more than $1.5 billion in revenue and more than 6,000 employees. When he left Rackspace, he launched his next venture, BuildGroup, a venture capital firm in Austin, which is also his hometown.   Napier, […]

ZenBusiness Raises $55 Million for its One-Stop Business Platform for Small and Medium-Sized Businesses

ZenBusiness, an online platform to help small businesses incorporate and stay compliant with regulators, announced Thursday that it has raised $55 million in additional funding. To date, the Austin-based company, founded in 2017, has raised $74.5 million. Cathay Innovation led the Series B round with participation from Great Point Ventures, Breyer Capital, and Omega Venture […]

Point Health Acquires Austin-Based The Karis Group

Point Health, a digital health startup, announced plans to acquire Austin-based The Karis Group, a patient advocacy bill negotiation service. Austin-based Point Health did not disclose the terms of the deal. The Karis Group, founded in 1996, brings decades of pricing data, healthcare navigation, and bill negotiation experience to Point Health, according to a news […]