There’s plenty of fresh funding on the Austin tech scene, and these companies are just getting started on their innovative approaches to modernizing our lives. Read on to find out how. This is the Built In Austin weekly refresh.
Spot secured $17.5M. Whether someone is skiing, snowboarding or biking, Spot works to provide them with on-demand, customized injury insurance policies. The startup just closed on its latest round of funding led by GreatPoint Ventures, and it’s looking to invest in building out its team, establishing new partnerships and accelerating its marketing efforts. [FinSMEs]
QuotaPath pulled in $21.3M. With its platform that serves sales and revenue teams with a commission-tracking solution, Philadelphia- and Austin-based QuotaPath has experienced plenty of recent growth. Its platform currently has 5,000 users, and the company increased its revenue by 600 percent since January this year. With its Series A funding led by Insight Partners, QuotaPath is planning to double its 28-person team by the end of the year. [TechCrunch]
Austin Tech Quote of the Week
Eterneva raised $10M. Innovating the end-of-life space, this company’s tech turns the ashes of customers’ loved ones into customized diamonds. Eterneva has recorded triple-digit year-over-year growth for its service and has raised $16.7 million in venture capital to date. After its latest round of funding led by Tiger Management, Eterneva wants to continue its growth momentum and establish new partnerships with funeral homes. [Built In Austin]
ConverseNow pulled in $15M. Bringing restaurant drive-thrus into the future, this startup provides an AI assistant to take customer orders over several different channels. ConverseNow’s tech has processed more than 1.5 million orders to date. After raising Series A funding led by Craft Ventures, the startup is investing in product development and expanding its team. [Built In Austin]
Squire raises another $60M. The company offers a platform geared toward helping barbershops run their businesses and just landed a Series D round led by Tiger Global. The round brings its valuation to $750 million, and will help the company continue to expand in the U.K. and Canada. The company also plans to grow its headcount, including hiring for its Austin sales office. [TechCrunch]
Literati added a new executive hire. Offering a subscription-based book club platform, Literati is continuing to grow. It just announced the addition of its new VP of engineering, Nathan Sutter. In addition to overseeing the company’s engineering team, Sutter, formerly of Houzz, will be responsible for building book discovery, personalization and community-based reading experiences. [Literati]
