Despite the recent slowdown in VC funding for tech startups nationwide, several Austin-based startups managed to raise new capital last week while others announced new partnerships. Catch up on Way’s $20 million raise or read up on the last seed-stage company to be featured in our Future 5 Series. This is the Built In Austin Weekly Refresh.
Five Austin startups raised $210M in October. October might of been slow in terms of funding, however, five Austin-based companies managed to pull in a combined $210 million, which was higher than the $178 million raised in September. Generative AI startup Jasper, healthtech platform SubjectWell, autonomous forklift developer Fox Robotics and others raised the largest funding rounds last month. [Built In Austin]
Episode Six partnered with Immersve. With the new partnership, both companies will work to solve many of the issues that have prevented blockchain and crypto payments from being widely accepted by e-commerce platforms. Immersve is a multichain payment platform that issues the Scheme card. Episode Six is a card management and payment transaction platform. [Finextra]
Austin Tech Quote of the Week
Wedy was featured in Built In’s Future 5 series. Wedy is a marketplace where couples looking to get married can find and book vendors and venues for their wedding. The platform facilities the booking and payment process and can cut wedding planning down to two days, according to the company’s founder Rumaiza Fathima. Since launching, Wedy has raised $285,000 in funding and is currently in the works to raise a seed round. [Built In Austin]
Billd secured $100M. Founded in 2018, Billd provides financial solutions like upfront capital and flexible credit to construction subcontractors. Last week the company secured a $100 million debt facility to grow its platform. Prior to the debt facility, Billd raised $90 million in funding, according to Crunchbase. [PR Newswire]
Way hit a $100M valuation. Way’s platform empowers hotel websites to feature and sell local tourist experiences. After seeing significant growth in its platform, the Austin-based company raised $20 million in funding, bringing its valuation to $100 million. Way is currently hiring for several openings on its engineering, sales, marketing and operations teams. [Forbes]
