Despite February being a short month, many Austin tech companies raised fresh capital — but only the following five raised the largest local rounds.
These five companies raised a combined total of over half a billion dollars in February alone. Keep reading to see who led the way for Austin tech last month.
#5. $31.5 million, February 15
SourceDay raised a Series C round led by Norwest Venture Partners with participation from other investors including Silverton Partners, Baird Capital, ATX Ventures, Draper Associates and Ring Ventures. SourceDay helps companies communicate and work with their suppliers via its supply chain management platform. The company plans to add 40 members to its team throughout the year.
#4. $32 million, February 9
Enboarder is the onboarding software that provides a personalized, engaging experience. The company raised $32 million in a round led by NewSpring and plans to double its employee headcount throughout the year.
#3. $54 million, February 24
Red Sift is a London-based company that provides security and protection for company emails with clients such as ZoomInfo and Domino’s Pizza. The company raised a Series B round that will allow it to establish a U.S. headquarters in Austin and expand its team.
#2. $185 million, February 18
The buzzy Austin company that builds 3D-printed homes gained $185 million, likely an extension of its Series B round from August. ICON has recently partnered with NASA and South Dakota tribal colleges to build 3D homes and monitor them.
#1. $240 million, February 3
The e-commerce-as-a-service (ECaaS) platform providing software, analytics, digital marketing and more raised $240 million in fresh funding round led by Legacy Knight Capital Partners. The round was made of new equity and debt funding with J.P. Morgan and TriplePoint Capital providing the debt financing. The funding will help fuel a hiring spree and expansion into new markets.
