ArtCraft Entertainment raises $6M
In preparation for the alpha, beta, soft launch and worldwide release of its massive multiplayer role playing game Crowfall, ArtCraft Entertainment raised an additional $6 million from its investors last week. The Austin-based independent gaming studio will use the funding to expand game content, cover launch expenses and a marketing campaign, and bring on some new employees. [Crowfall]
Localeur secures $500K from 5 Texas-based angel investors
Localeur announced last week that it has raised an additional $500,000 from five Texas-based angel investors from Austin, Fort Worth, Houston, South Texas and San Antonio. Central Texas Angel Network, Cowtown Angels, Houston Angel Network, Rio Grande Valley Angels and San Antonio Angel Network participated. The travel tech startup launched in 2013 and is now active in 65 cities across the world. The funding will be used to continue to scale. [BlackEnterprise]
Capital Factory’s $100K Diversity Challenge gains major investor in Dallas
In August, Capital Factory announced plans to extend its accelerator program beyond Austin and into Dallas, San Antonio and Houston. The local incubator — and one of Austin’s most active investors — launched a diversity investment challenge in October in Dallas to award one diversely led startup with $100,000. On Monday, Capital Factory shared Perot Jain, a leading early-stage venture firm in Texas, will join DivInc and The DEC leto support the Dallas challenge. [Austin Startups]
New directors to join CTAN
Central Texas Angels Network will welcome three new directors, including a board chair, in January. Rick Timmins, who has served as chairman for five years, will step down and Gene Betts and John Lynn will exit as their terms expire. Craig Harris and Rebekah Ryan will fill the board vacancies, and John Paulos is expected to fill the role of board chairman following January elections. [Austin Business Journal]
9 Austin tech companies make Entrepreneur’s “Best Entrepreneurial Companies” list
Entrepreneur released this year’s list of 360 small companies masterfully handling growth and scaling efforts. Nine Austin tech companies made the list: TurnKey Vacation Rentals came in at number 36, SparkCognition at number 73, MKS2 at number 135, Fons PR at number 148, and eRelevance, Telestax, FlashParking, MeetEdgar and Mighty at numbers 156, 163, 190, 313 and 352, respectively. [Entrepreneur]
Magnitude Software makes second acquisition of the quarter
Magnitude Software announced this week that it has acquired Irving-based Innowera, marking the company's second acquisition of the quarter. Innovera provides workflow management solutions in SAP. Financial details of the deal were not disclosed. [Texas Tech Pulse]
