HNI Healthcare receives $65M investment from CRG
Based in Austin, HNI Healthcare helps hospitals around the world integrate physician-friendly technologies and elevate patient outcomes. This week, CRG, a New York-based medical investment firm, announced a contribution of $65 million to HNI Healthcare. The investment comes not long after HNI’s acquisition of Martin Healthcare Group, a medical staffing firm. The latest funds will be used to continue this trend of expansion. [PE Hub]
Lawgix receives $4.2M in new funding
According to an SEC filing, Austin-based legal technology firm Lawgix recently received $4.2 million in new equity funding from 36 undisclosed investors. The firm, founded in 2015, previously raised $2.3 million across two rounds. Lawgix is the force behind a first-of-its-kind enterprise legal management platform that helps streamline legal processes within the financial sector. [FormDs]
Cybersecurity firm Living Security closes $1.25M seed round
Since its founding in 2017, Living Security has been responsible for some of the most cutting-edge training programs in cybersecurity. Using a gamification model, Living Security helps train company employees to recognize and understand cyber threats. Now, the firm has announced a $1.25 million seed round to expand the scale and functionality of its programming. Active Capital led the funding round, with Cathexis Ventures and Capital Factory also participating. [Silicon Hills News]
Austin’s E2open acquires New Jersey’s INTTRA
Earlier this week, Austin logistics network E2open finalized its acquisition of Jersey-based ocean shipping network INTTRA. The latter will continue operating as “INTTRA by E2open,” a dedicated product within the parent company’s suite of tools. Financial details of the deal have not yet been disclosed, but the acquisition brings together two of the biggest names in cloud-based, end-to-end logistical solutions for large scale shipments. [AP]
Kendra Scott unveils new flagship store on South Congress
Kendra Scott, the online retailer of accessories and home goods valued at more than $1 billion, has a new flagship store on Austin’s stylish South Congress Avenue. The 3,100 square-foot space, complete with a front porch and valet parking, was unveiled on November 15, just in time for hordes of eager Black Friday shoppers. While direct-to-consumer sales are the heart of any e-commerce business, brick-and-mortar is becoming an increasingly popular strategy for diversifying revenue and brand-building. [Austin Business Journal]
