Notley makes major investment with DivInc
Austin-based Notley has made a major investment with the local accelerator program DivInc to continue support for diverse founders. As part of the new partnership, DivInc has moved to Notley’s Center for Social Innovation in East Austin. In addition, Notley founder Dan Graham will join the DivInc board and VP of Finance Julie Oliver will join as a board observer. [Press Release]
SpyCloud announces $21M Series B
The three-year-old cybersecurity startup SpyCloud continues to make headway, this time with a healthy $21 million Series B funding. M12, Microsoft’s venture fund, led the round with participation from new investor Altos Ventures and existing investors Silverton Partners and March Capital Partners. SpyCloud, which develops solutions to prevent data breaches through employee and customer logins, will use the funding to continue to expand its research team, recovered assets database, international presence, product development, and sales and marketing teams. [Built In Austin]
Datical raises $10M Series C
Datical, the Austin-born database release automation platform, secured a $10 million Series C this week led by new investor River Cities Capital Funds. The investment will be used to grow Datical’s team in engineering, customer success, sales and marketing, and for entering new markets. Its platform speeds up the software development process by replacing manual review and validation steps with automation. [Built In Austin]
Virtuix launches 20th game, celebrates milestone
Virtuix, the Austin-based gaming startup behind the virtual reality treadmill Omni and esports attraction VR Arena, announced that its Omniverse gaming platform has surpassed 1 million plays and released its 20th title. Its recently launched game “Bull Runner” simulates running with the bulls in Pamplona, Spain. The company launched in 2013 and has spearheaded the active VR movement. [Press Release]
Strattam Capital raises $230M for buyouts
Local private equity firm Strattam Capital announced this week that it has secured $230 million for Fund II for funding tech companies. The firm plans to make seven to nine major equity investments between $20 million to $50 million each. Fund II closed ahead of its target and follows the firm’s inaugural fund four years ago of $109 million. [Press Release]
Common Desk bought Link Coworking
On Monday, Link Coworking shared that it has agreed to a buyout from Dallas-based Common Desk, which plans to take over Link’s two Austin locations beginning March 1. Common Desk will also open a third location downtown later in the year. Link Coworking founder Liz Elam launched the Austin company in 2011. [Austin Business Journal]
The Center for Defense Innovation officially opened
Last Thursday, The Center for Defense launched in Capital Factory in downtown Austin to encourage collaboration between Austin startups and three military innovation groups. Army Futures Command’s Army Applications Lab, representatives from the Defense Innovation Unit and AFWERX, the Air Force’s innovation hub, will all work from this new center, which is an open environment that invites entrepreneurs to stop in and work alongside these organizations. [KXAN]
Austin-based Vertalo part of largest tokenization deal to date
Vertalo, the first spinout from Austin-based Series X, announced on Thursday that it has partnered with Inveniam Capital and Securrency on the largest tokenization deal ever for real estate projects totaling over $260 million spread across four assets. The deal will provide capital for middle-market real estate and infrastructure projects in Florida and North Dakota through tokenized securities and cryptocurrency. Vertalo’s role includes providing its crypto cap table platform and AML/KYC expertise to support SEC compliance. [Press Release]
