Tag: SocialWare

Austin Chamber’s New A-List of Startups to Watch

Stacy Zoern, CEO of Community Cars, Inc., runs a car manufacturing business out of Pflugerville.
But that’s not the most remarkable part. Zoern, who uses a wheelchair to get around, wanted to find a car that would provide independence to wheelchair users.
Online, she found the Kenguru, an electric smart car. Only problem was the company ran out of money and shut down operations. So she raised $1.4 million and partnered with the company and they moved the defunct car operations from Hungary to Texas and began manufacturing the bright yellow smart cars in 2010.
That innovative and entrepreneurial spirit earned Zoern’s Community Cars Inc. a spot on the Greater Austin Chamber of Commerce’s A-List, which recognized this week 28 innovative technology startups.
Zoern’s is the only car company to make the list.
The list is meant to shine a spotlight on some of the region’s most innovative technology startups that are seeking funding. To compile the list, the chamber’s tech partnership sought input from investors.
“Austin is rich with innovative startups that are primed for growth and simply need exposure and, most importantly, capital, to transform potential into reality,” Susan Davenport, senior vice president of Global Technology Strategies for the Austin Chamber, said in a news release.
Silicon Hills News has done profiles of several companies on the list including InfoChimps, BlackLocus, Calxeda, MapMyFitness, MassRelevance and Gazzang.

This slideshare contains screen grabs of the homepages of the 28 companies that made the Austin Chamber’s list for 2012.

CrunchFund invests in Socialware

CrunchFund announced its investment in Austin-based Socialware in an extension to a $7 million venture capital round.
Michael Arrington, founder of TechCrunch, created CrunchFund along with Patrick Gallagher and MG Siegler, to invest in early stage startups.
Socialware, which was founded in 2008 and has raised $14 million, is a mature company with 50 employees and 125 customers, according to this story in the Austin American-Statesman.
But the investors reported they see potential in Socialware’s business. The company provides software and services to businesses that allow their employees to post to social networks like Facebook, LinkedIn and Twitter.
Other investors in Socialware include Floodgate, G-51 Capital, Morgan Stanley Expansion Capital and Silverton Partners.

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