LiveOak Venture Partners Raises $210 Million Oversubscribed Fund III

A decade ago, Austin-based LiveOak Venture Partners took a few years to put together its first $100 million investment fund. Today, LiveOak Venture Partners announced Fund III, a $210 million oversubscribed fund that took just three months to close. It is the largest institutional Texas-focused, early-stage tech venture capital fund raised in more than a […]

ZenBusiness Raises $200 Million and Becomes Austin’s Newest Unicorn

ZenBusiness, an online platform to help small businesses incorporate and stay compliant with regulators, announced last week that it has raised $200 million in additional funding. That makes ZenBusiness Austin’s newest Unicorn, which is a company that is valued at more than $1 billion. ZenBusiness’ Series C round values the company at $1.7 billion. Oak […]

Innovative Companies Track Where the Market is Moving and Change

Innovation is a paradigm shift, said Lisa Hendrickson, co-author of Boom! Deciphering Innovation: How Disruption Drives Companies to Transform or Die. For example, Apple’s iPhone didn’t just improve on telecommunications and the flip phone, but it altered how many people work and communicate altogether, Hendrickson said. “It was the starting of the unbundling of the […]

Procore Completes its $500 Million Acquisition of Levelset

All the high-rise buildings, warehouses, and manufacturing plants sprouting up in Austin mean there’s a big demand for construction technology to manage it all. Procore Technologies, based in Carpinteria, Calif. with a large Austin office, is one of the companies that provide construction management software. Procore on Wednesday completed its acquisition of Levelset, a fintech […]

Austin Technology Visionary Pike Powers Dies

Austin’s technology industry wouldn’t be what it is today without Pike Powers. Powers put the silicon into the Silicon Hills and the Austin technology industry on the map when he helped to bring the headquarters of Microelectronics and Computer Technology Corp., known as MCC to Austin in 1983. Powers, 80, died Sunday but his legacy […]

Healthcare Startup Sana Gets $20 Million More in Funding

Sana, the startup disrupting the healthcare insurance industry by providing coverage for small businesses at a discount, announced recently that it has closed on $20 million in funding. To date, Sana, founded in 2017 by Will Young and Nathan Hackley, has raised $47.1 million. The latest round of funding is an extension on the company’s Series […]

Touchdown PR Establishes its Global Headquarters in Austin

As Austin’s technology industry grows, so do the support businesses. This week, Touchdown PR, a global public relations agency focused on the technology industry, announced plans to move its headquarters to Austin. The company opened a new office in North Austin and plans to hire 20 new staff members over the next 18 months for […]

REE Automotive Sees Austin as a Tech Hub for Electric Vehicles

REE Automotive recently announced plans to open a North American headquarters and assembly site in Austin with 150 new jobs. “Austin came out winning this with flying colors,” said Daniel Barel, the company’s CEO and Co-Founder. It chose Austin because of the city’s booming technology industry, its culture of innovation and openness, and the weather […]

Matt Wursta Talks About his Company’s Challenges and Growth on the Ideas to Invoices Podcast

Wursta landed in the top 500 of the Inc5000 list of the fastest-growing companies in the country for two years in a row. This year, Austin-based Wursta was listed as No. 440 on the Inc5000. Matt Wursta, CEO, founded his eponymous company in 2014 in the basement of his parent’s house in Allentown, Pennsylvania after […]

Gradient Works Raises $2 Million in Funding

Gradient Works, a sales tech startup based in Austin, announced this week it has raised $2 million in seed-stage funding. The company is founded by Hayes Davis and Jenn Deering Davis, previously founders of Union Metrics, a social media analytics company that merged with Austin-based TrendKite in 2018. TrendKite was then acquired for $225 million […]