For tech startups in Austin, January was a successful month for venture funding. With companies gathering tens of millions to put toward new innovations, plenty of new developments are in store. Read more about the five ATX startups that raised the most funding last month.
#5. $17.6 million, January 13
This developer of data virtualization tech enables users to perform complex data analysis while simultaneously reducing the risk of errors. Molecula raised its $17.6 million Series A funding round led by Drive Capital to advance the launch of its new service Molecula Cloud. It is also planning to scale its marketing and sales efforts. With the addition of this new funding, the company’s total capital raised to date has reached $23 million.
#4. $27 million, January 19
With its platform-agnostic solution, Bold helps e-commerce brands extend the transaction capabilities of their platforms, helping them to provide customers with the option to purchase at any point. The Series B round was led by OMERS Ventures and will enable the company to hire 100 new employees in software engineering, sales, marketing and more. To date, Bold’s equity funding totals $44 million.
#3. $40 million, January 27
This subscription-based literary platform offers members access to its celebrity book club service. Subscribers convene on a discussion app to talk about the books they receive via mail. The startup’s $40 million Series B led by Felicis will allow it to focus on the areas necessary to grow its business: product design, data science and user experience. To date, Literati has accumulated $52 million in financing.
#2. $54 million, January 19
Specializing in cloud infrastructure automation, Quali’s platform aims to simplify the tasks of developing, testing and deploying applications by providing developers with accessible self-service. Greenfield Partners and JVP co-led the company’s $54 million raise. Quali anticipates using the money to grow its customer base, establish new partnerships and conduct a hiring push to double its headcount.
#1. $75 million, January 15
The healthtech company provides at-home testing kits for a variety of concerns from food sensitivity to COVID-19. It announced the addition of $75 million from HealthQuest Capital to its Series D funding round. The raise brought the round’s total up to $175 million, and Everlywell plans to put the funds toward providing its current investors with liquidity.
