November was an eventful month on the tech startup scene in Austin, especially for a few companies that raised sums ranging from seven to nine digits. Read on to learn how the startups that brought in fresh capital last month plan to invest their new funds.
#4. $8 million, November 11
The proptech startup allows busy apartment residents to outsource services like housekeeping, pet care and dry cleaning. With the new funding, Spruce aims to upgrade its software and machine learning systems to optimize customer experience and the labor costs of workers, as well as hire engineers, analysts and more. The Series A funding was led by Mercury Fund. The company has raised $14 million to date.
#3. $11 million, November 19
In a time when good healthcare is increasingly essential, the company’s AI-powered platform is helping providers ensure patients have abundant access to quality, value-based care. The healthtech startup plans to double its headcount by the end of 2021 with the funding led by Greycroft and .406 Ventures. This Series A round brings its total investment to $15 million.
#2. $50 million, November 17
This startup offers an AI-powered workforce analytics and productivity platform for employers that has seen a surge of demand thanks to the increasingly remote workforce. With funds from its Series B round led by Sapphire Ventures, ActivTrak is looking to enhance its machine learning systems and expand its integrations with third-party data sources and tech partners. The company also plans to double the size of its team and has open positions in sales, marketing and product development. To date, the startup’s total investment is $77.5 million.
#1. $55 million, November 19
With a spark in entrepreneurial spirit in recent months, ZenBusiness’ platform aims to help individuals with big ideas create an LLC or corporation for free. With the fresh funding from its Series B led by Cathay Innovation, the startup’s total investment to date is $74.5 million. ZenBusiness plans to invest in launching two new major products in addition to hiring more than 100 people in the coming year.
