SourceDay Raises $31.5 Million in Venture Funding

SourceDay, which makes supply chain management software, announced on Tuesday that it has raised $31.5 million in venture capital funding. Austin-based SourceDay, founded in 2013, has raised $55 million to date. Norwest Venture Partners led the Series C round of funding with participation from existing investors ATX Ventures, Baird Capital, Draper Associates, Ring Ventures, and […]

VC Firm Antler is Accepting Applications for its First Austin Cohort to Kick off in March

Austin has a new venture capital firm, Antler, that is accepting applications for its first cohort, which is expected to kick off next month. Tyler Norwood is a managing partner for Antler in the U.S. where he oversees the firm’s U.S. operations. “Our plan was always to start in New York and then to launch […]

Amber Gunst to Step Down as CEO of the Austin Technology Council in September

Amber Gunst is stepping down as the Chief Executive Officer of the Austin Technology Council in September. Gunst has served in that role since May of 2018. She took over as interim CEO when Barbary Brunner left the organization to join an Austin-based tech company. Gunst had previously served as head of sales and membership […]

Austin-based Wander Raises $20 million

For people who want to book a house near Joshua Tree National Park and get away from it all but still have ultra-fast Wi-Fi, Wander has a place. Wander allows people to get lost in the desert but still have all of the amenities of a smart home for the perfect work-from-home vacation. Austin-based Wander […]

Enboarder Raises $32 Million in Funding

Enboarder on Wednesday announced it has raised $32 million in additional funding. NewSpring led the Series B round with participation from previous investors Greycroft and Next Coast Ventures and new investors Golub Capital, Escalate Capital Partner, Alumni Ventures, and Gaingels. In June of 2019, Enboarder raised $8 million and made Austin its U.S. headquarters. The […]

The Metaverse Offers Opportunities for Immersive Storytelling

The Metaverse is already here, says Erin Reilly, founding director of the Texas Immersive Institute at the University of Texas at Austin. It was first mentioned in the 1992 book Snow Crash, a science fiction novel by Neal Stephenson. Today, the Metaverse is the latest iteration of Cyberspace, a blend of virtual and real-life applications, […]

Venture Capital Firm Trust Ventures Closes on its Third Fund Worth $200 Million

In 2018, Trust Ventures closed on its first venture capital fund of $35 million in Austin. The next year, it closed on a second $70 million fund. And on Tuesday, Trust Ventures closed on its third and largest fund yet, targeting $200 million. To date, Trust Ventures has invested in 22 companies including Sana Benefits, […]

Bodhi Lands $4 Million in Funding to Help Solar Companies Better Serve Customers

When consumers install residential solar panels, they are often left in the dark throughout the process, said Scott Nguyen, founder and CEO of Bodhi. After they sign the contract, they don’t know how long the installation is going to take and what the various steps are, he said. “You can buy $30 worth of takeout […]

Passage Lands $4 Million in Funding for Password Application to Allow Face or Fingerprint Access to Websites

A year ago, Anna Pobletts and Cole Hecht hatched the idea for Passage, a passwordless authentication service for a website that uses biometrics. They were both working at an Austin-based cybersecurity company when they decided to launch their own venture. This week, Passage emerged from stealth operations and launched its beta, and announced $4 million […]

Cart.com Raises $240 Million to Expand its Ecommerce Platform Internationally

Cart.com announced on Thursday that it has raised $240 million in new equity and debt funding. With the new funding, Cart.com plans to roll out its eCommerce platform for online brands internationally. The company has raised $380 million to date. Legacy Knight Capital Partners, the growth equity arm of Legacy Knight Multifamily Office, led the […]