The five largest funding rounds raised by Austin tech companies last month was a slight gain compared to the largest rounds in November. In January, Austin’s five largest rounds totaled $106.4 million. Read on to learn about the software, fintech and consumer beverage companies that raised new capital and find out how they plan to spend it.
Largest Austin Tech Funding Rounds, January 2023
- ThriveCart
- RapidDeploy
- Method Financial
- Ranch Rider Spirits
- Nexus
#5. Nexus: $10 million, January 31
Nexus develops integrable software for video game developers that enables them to add services like referral systems and donation links, which can benefit content creators and influencers. In January, the company raised $10 million in a round led by Griffin Gaming Partners. The round also included participation from the Sony Innovation Fund.
#4. Ranch Rider Spirits: $11.4 million, January 11
Ranch Rider Spirits raised $11.4 million in funding last month. According to the Austin Business Journal, the round included participation from over 69 investors and was a mix of equity and a convertible note. Ranch Rider manufactures popular hard seltzers made with high-quality ingredients. The company was founded in 2019 and has raised $15 million since launching.
#3. Method Financial: $16 million, January 26
Method Financial is a banking platform that can be integrated into other apps through an API. Late last month, the Austin-based company raised a $16 million Series A round that Andreessen Horowitz led. With the new capital, Method will launch a private beta for its platform.
#2. RapidDeploy: $34 million, January 25
RapidDeploy raised $34 million in a round that Edison Partners led. RapidDeploy is a geolocation and data platform for first responders that can help locate 911 callers. The platform is currently used in more than 1,500 call centers, but the company plans to expand with its new funds.
#1. ThriveCart: $35 million, January 18
ThriveCart is an online platform that provides commerce tools for e-commerce businesses selling digital products. Last month, the company raised $35 million in new funding from LTV SaaS Growth Fund, a U.S.-based private equity firm. With the raise, ThriveCart will grow its team and adapt its tools for the creator economy.
